Annual growth of households and NPISHs final consumption expenditure in Korea
Korea: Annual growth of households and NPISHs final consumption expenditure was 1.1% in 2024. ◆ Volatile
Annual growth of households and NPISHs final consumption expenditure in Korea, 2000–2024
Source: United Nations Statistics Division, SDG Global Database.
Analysis
Korea recorded 1.1% for annual growth of households and npishs final consumption expenditure in 2024.
The figure is down 47.1% on the previous year and down 48.8% over ten years.
Over the whole period, annual growth of households and npishs final consumption expenditure in Korea peaked at 9.1% in 2002 and was at its lowest, -4.6%, in 2020.
That places Korea 138th out of 185 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Annual growth of households and NPISHs final consumption expenditure in Korea, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 9.0% | — |
| 2001 | 5.8% | -35.5% |
| 2002 | 9.1% | +56.5% |
| 2003 | -0.2% | -101.7% |
| 2004 | 0.6% | -451.3% |
| 2005 | 4.7% | +752.8% |
| 2006 | 5.0% | +5.7% |
| 2007 | 5.4% | +8.6% |
| 2008 | 1.7% | -67.9% |
| 2009 | 0.2% | -88.2% |
| 2010 | 4.5% | +2075.2% |
| 2011 | 3.1% | -30.4% |
| 2012 | 1.7% | -44.4% |
| 2013 | 1.8% | +5.5% |
| 2014 | 2.1% | +14.3% |
| 2015 | 2.6% | +23.4% |
| 2016 | 2.8% | +8.0% |
| 2017 | 2.9% | +2.8% |
| 2018 | 3.3% | +14.5% |
| 2019 | 2.4% | -27.7% |
| 2020 | -4.6% | -295.6% |
| 2021 | 3.7% | -180.5% |
| 2022 | 4.2% | +12.8% |
| 2023 | 2.0% | -52.1% |
| 2024 | 1.1% | -47.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 4.1% | -0.2% | 9.1% | 10 |
| 2010s | 2.7% | 1.7% | 4.5% | 10 |
| 2020s | 1.3% | -4.6% | 4.2% | 5 |
Countries ranked near Korea
More economy & growth data for Korea
- Foreign direct investment, net outflows (BoP, current US$), gaps 41.23 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.022 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 797.74 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 15.80 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual 22.87 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0084 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 305.78 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 4.39 % change on previous year (2025)
- Total reserves (includes gold, current US$), per unit of GDP 0.2332 includes gold, current US$ per US$ of GDP (2025)
- Total reserves (includes gold, current US$), per capita 8,447 includes gold, current US$ per person (2025)
Frequently asked questions
- What is annual growth of households and npishs final consumption expenditure in Korea?
- Annual growth of households and npishs final consumption expenditure in Korea was 1.1% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest annual growth of households and npishs final consumption expenditure recorded in Korea?
- The highest recorded value was 9.1% in 2002.
- What is the lowest annual growth of households and npishs final consumption expenditure recorded in Korea?
- The lowest recorded value was -4.6% in 2020.
- How does Korea rank for annual growth of households and npishs final consumption expenditure?
- Korea ranks 138th out of 185 countries with data for 2024.
- Is annual growth of households and npishs final consumption expenditure rising or falling in Korea?
- Over the last ten years it is down 48.8%. The long-run trend across the full record is volatile.
- Where does this Korea data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Annual growth of households and NPISHs final consumption expenditure (%). Statizoid updates them automatically from the source API.
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