Annual growth of households and NPISHs final consumption expenditure in South Korea
South 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 South Korea, 2000–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
South 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 South Korea peaked at 9.1% in 2002 and was at its lowest, -4.6%, in 2020.
That places South Korea 139th out of 186 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 South Korea, year by year
| Year | % | 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% |
South Korea compared with similar countries
- South Korea's 1.1% is below the median for high income countries, which is 1.7%, 64% of the median. (59 countries reporting)
- South Korea's 1.1% is below the median for East Asia & Pacific, which is 4.5%, 24% of the median. (27 countries reporting)
Biggest year-on-year movements
Years where Annual growth of households and NPISHs final consumption expenditure in South Korea changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2010 | +2075.2% | 0.2% | 4.5% |
| 2005 | +752.8% | 0.6% | 4.7% |
| 2004 | +451.3% | -0.2% | 0.6% |
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 South Korea
More economy & growth data for South Korea
- Real gdp growth, annual growth rate -49.75 % change on previous year (2025)
- SDRs holdings, US dollar, annual growth rate 7.89 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0085 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 307.17 units per person (2025)
- SDRs holdings, SDR, annual growth rate 2.74 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0062 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 224.29 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 4.58 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0047 units per US$ of GDP (2025)
- IMF holdings of currency, US dollar, per capita 168.75 units per person (2025)
Frequently asked questions
- What is annual growth of households and npishs final consumption expenditure in South Korea?
- Annual growth of households and npishs final consumption expenditure in South 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 South 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 South Korea?
- The lowest recorded value was -4.6% in 2020.
- How does South Korea rank for annual growth of households and npishs final consumption expenditure?
- South Korea ranks 139th out of 186 countries with data for 2024.
- Is annual growth of households and npishs final consumption expenditure rising or falling in South Korea?
- Over the last ten years it is down 48.8%. The long-run trend across the full record is volatile.
- Where does this South 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.
Download this data
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