Korea - Gross national expenditure (constant LCU)
The value for Gross national expenditure (constant LCU) in Korea was 1,730,840,000,000,000 as of 2020. As the graph below shows, over the past 60 years this indicator reached a maximum value of 1,757,030,000,000,000 in 2019 and a minimum value of 42,205,900,000,000 in 1960.
Definition: Gross national expenditure (formerly domestic absorption) is the sum of household final consumption expenditure (formerly private consumption), general government final consumption expenditure (formerly general government consumption), and gross capital formation (formerly gross domestic investment). Data are in constant local currency.
Source: World Bank national accounts data, and OECD National Accounts data files.
| Year | Value |
|---|---|
| 1960 | 42,205,900,000,000 |
| 1961 | 43,662,500,000,000 |
| 1962 | 47,205,100,000,000 |
| 1963 | 50,779,300,000,000 |
| 1964 | 53,733,400,000,000 |
| 1965 | 57,382,300,000,000 |
| 1966 | 63,714,000,000,000 |
| 1967 | 70,017,500,000,000 |
| 1968 | 79,733,100,000,000 |
| 1969 | 90,167,900,000,000 |
| 1970 | 98,080,100,000,000 |
| 1971 | 108,198,000,000,000 |
| 1972 | 111,530,000,000,000 |
| 1973 | 124,065,000,000,000 |
| 1974 | 137,747,000,000,000 |
| 1975 | 144,263,000,000,000 |
| 1976 | 158,531,000,000,000 |
| 1977 | 175,295,000,000,000 |
| 1978 | 198,841,000,000,000 |
| 1979 | 219,842,000,000,000 |
| 1980 | 212,961,000,000,000 |
| 1981 | 223,263,000,000,000 |
| 1982 | 239,721,000,000,000 |
| 1983 | 264,049,000,000,000 |
| 1984 | 285,044,000,000,000 |
| 1985 | 304,514,000,000,000 |
| 1986 | 335,773,000,000,000 |
| 1987 | 369,393,000,000,000 |
| 1988 | 413,906,000,000,000 |
| 1989 | 466,738,000,000,000 |
| 1990 | 522,395,000,000,000 |
| 1991 | 584,654,000,000,000 |
| 1992 | 612,901,000,000,000 |
| 1993 | 649,731,000,000,000 |
| 1994 | 717,357,000,000,000 |
| 1995 | 785,146,000,000,000 |
| 1996 | 854,644,000,000,000 |
| 1997 | 873,350,000,000,000 |
| 1998 | 738,171,000,000,000 |
| 1999 | 849,535,000,000,000 |
| 2000 | 933,498,000,000,000 |
| 2001 | 975,791,000,000,000 |
| 2002 | 1,057,260,000,000,000 |
| 2003 | 1,079,730,000,000,000 |
| 2004 | 1,102,900,000,000,000 |
| 2005 | 1,146,230,000,000,000 |
| 2006 | 1,207,060,000,000,000 |
| 2007 | 1,271,890,000,000,000 |
| 2008 | 1,290,280,000,000,000 |
| 2009 | 1,263,090,000,000,000 |
| 2010 | 1,368,270,000,000,000 |
| 2011 | 1,409,010,000,000,000 |
| 2012 | 1,418,920,000,000,000 |
| 2013 | 1,447,010,000,000,000 |
| 2014 | 1,488,000,000,000,000 |
| 2015 | 1,544,500,000,000,000 |
| 2016 | 1,607,130,000,000,000 |
| 2017 | 1,697,030,000,000,000 |
| 2018 | 1,730,950,000,000,000 |
| 2019 | 1,757,030,000,000,000 |
| 2020 | 1,730,840,000,000,000 |
Base Period: varies by country
Periodicity: Annual
Classification
Topic: Economic Policy & Debt Indicators
Sub-Topic: National accounts
