Annual growth of the general government final consumption expenditure in Korea
Korea: Annual growth of the general government final consumption expenditure was 2.1% in 2024. ▼ Falling
Annual growth of the general government final consumption expenditure in Korea, 2000–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
In 2024, annual growth of the general government final consumption expenditure in Korea stood at 2.1%.
Compared with earlier readings it is up 10.8% on the previous year and down 50.5% over ten years.
Over the whole period, annual growth of the general government final consumption expenditure in Korea peaked at 7.5% in 2006 and was at its lowest, 0.4%, in 2000.
That places Korea 86th out of 181 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently falling across the 25 years of available data.
Annual growth of the general government final consumption expenditure in Korea, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 0.4% | — |
| 2001 | 6.0% | +1447.6% |
| 2002 | 6.4% | +6.3% |
| 2003 | 4.9% | -22.3% |
| 2004 | 4.4% | -10.2% |
| 2005 | 5.4% | +22.4% |
| 2006 | 7.5% | +38.8% |
| 2007 | 6.3% | -16.9% |
| 2008 | 4.7% | -24.7% |
| 2009 | 6.7% | +41.1% |
| 2010 | 5.7% | -15.0% |
| 2011 | 2.9% | -48.6% |
| 2012 | 4.7% | +60.1% |
| 2013 | 4.9% | +4.6% |
| 2014 | 4.3% | -10.9% |
| 2015 | 3.9% | -9.9% |
| 2016 | 4.3% | +9.7% |
| 2017 | 3.7% | -13.4% |
| 2018 | 5.4% | +46.6% |
| 2019 | 6.4% | +17.8% |
| 2020 | 5.2% | -18.7% |
| 2021 | 5.6% | +8.1% |
| 2022 | 4.0% | -28.2% |
| 2023 | 1.9% | -52.1% |
| 2024 | 2.1% | +10.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 5.3% | 0.4% | 7.5% | 10 |
| 2010s | 4.6% | 2.9% | 6.4% | 10 |
| 2020s | 3.8% | 1.9% | 5.6% | 5 |
Countries ranked near Korea
- 83 Azerbaijan 2.2% compare
- 84 Iceland 2.2% compare
- 85 Greenland 2.2% compare
- 86 Republic of Korea 2.1% compare
- 88 New Zealand 2.0% compare
- 89 Uruguay 2.0% compare
More economy & growth data for Korea
- Households and NPISHs Final consumption expenditure (current LCU) 3.17 % change on previous year (2025)
- Households and NPISHs Final consumption expenditure (current LCU) 683.09 current LCU per US$ of GDP (2025)
- Households and NPISHs Final consumption expenditure (current LCU) 24.75 million current LCU per person (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 1.32 % change on previous year (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 0.4928 constant 2015 US$ per US$ of GDP (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 17,853 constant 2015 US$ per person (2025)
- Final consumption expenditure (current US$), annual growth rate -0.6167 % change on previous year (2025)
- Final consumption expenditure (current US$), per unit of GDP 0.6567 current US$ per US$ of GDP (2025)
- Final consumption expenditure (current US$), per capita 23,790 current US$ per person (2025)
- Final consumption expenditure (current LCU), annual growth rate 3.69 % change on previous year (2025)
Frequently asked questions
- What is annual growth of the general government final consumption expenditure in Korea?
- Annual growth of the general government final consumption expenditure in Korea was 2.1% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest annual growth of the general government final consumption expenditure recorded in Korea?
- The highest recorded value was 7.5% in 2006.
- What is the lowest annual growth of the general government final consumption expenditure recorded in Korea?
- The lowest recorded value was 0.4% in 2000.
- How does Korea rank for annual growth of the general government final consumption expenditure?
- Korea ranks 86th out of 181 countries with data for 2024.
- Is annual growth of the general government final consumption expenditure rising or falling in Korea?
- Over the last ten years it is down 50.5%. The long-run trend across the full record is falling.
- 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 the general government final consumption expenditure (%). Statizoid updates them automatically from the source API.
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