Korea - Final consumption expenditure (% of GDP)

Final consumption expenditure (% of GDP) in Korea was 64.48 as of 2020. Its highest value over the past 60 years was 99.37 in 1960, while its lowest value was 58.80 in 1988.

Definition: Final consumption expenditure (formerly total consumption) is the sum of household final consumption expenditure (private consumption) and general government final consumption expenditure (general government consumption). This estimate includes any statistical discrepancy in the use of resources relative to the supply of resources.

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
1960 99.37
1961 97.13
1962 96.68
1963 91.12
1964 90.98
1965 92.40
1966 88.27
1967 89.03
1968 85.59
1969 82.13
1970 83.63
1971 85.58
1972 83.22
1973 77.61
1974 78.47
1975 80.19
1976 75.17
1977 71.74
1978 69.61
1979 69.82
1980 74.63
1981 74.85
1982 73.37
1983 69.57
1984 67.11
1985 66.56
1986 63.51
1987 60.75
1988 58.80
1989 61.36
1990 61.20
1991 61.08
1992 61.99
1993 61.86
1994 62.03
1995 62.00
1996 63.64
1997 63.61
1998 61.72
1999 63.69
2000 65.40
2001 67.16
2002 67.84
2003 66.22
2004 63.98
2005 65.18
2006 66.40
2007 65.92
2008 66.58
2009 66.33
2010 64.64
2011 65.57
2012 65.95
2013 65.48
2014 65.16
2015 63.62
2016 63.20
2017 62.96
2018 64.08
2019 65.71
2020 64.48

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts