Economic Outlook No 115 — Private final consumption expenditure in Korea
Korea: Economic Outlook No 115 — Private final consumption expenditure was 1,190.11 trillion in 2025. ◆ Volatile
Economic Outlook No 115 — Private final consumption expenditure in Korea, 1960–2025
Source: Organisation for Economic Co-operation and Development.
Analysis
Korea recorded 1,190.11 trillion for economic outlook no 115 — private final consumption expenditure in 2025. That is the highest value across all 66 years on record.
That represents a change of up 4.5% on the previous year and up 47.9% over ten years.
Over the whole period, economic outlook no 115 — private final consumption expenditure in Korea peaked at 1,190.11 trillion in 2025 and was at its lowest, 212.72 billion, in 1960.
The series is highly variable year to year, so single readings are best treated with caution.
Economic Outlook No 115 — Private final consumption expenditure in Korea, year by year
| Year | Value | Change |
|---|---|---|
| 1960 | 212.72 billion | — |
| 1961 | 252.99 billion | +18.9% |
| 1962 | 304.10 billion | +20.2% |
| 1963 | 417.87 billion | +37.4% |
| 1964 | 612.26 billion | +46.5% |
| 1965 | 693.79 billion | +13.3% |
| 1966 | 837.90 billion | +20.8% |
| 1967 | 1.04 trillion | +24.1% |
| 1968 | 1.28 trillion | +22.8% |
| 1969 | 1.60 trillion | +25.1% |
| 1970 | 2.06 trillion | +29.1% |
| 1971 | 2.59 trillion | +25.7% |
| 1972 | 3.10 trillion | +19.8% |
| 1973 | 3.80 trillion | +22.3% |
| 1974 | 5.44 trillion | +43.3% |
| 1975 | 7.29 trillion | +33.8% |
| 1976 | 9.32 trillion | +27.9% |
| 1977 | 11.36 trillion | +22.0% |
| 1978 | 15.02 trillion | +32.2% |
| 1979 | 19.44 trillion | +29.5% |
| 1980 | 24.92 trillion | +28.2% |
| 1981 | 31.18 trillion | +25.1% |
| 1982 | 35.28 trillion | +13.1% |
| 1983 | 39.80 trillion | +12.8% |
| 1984 | 44.44 trillion | +11.7% |
| 1985 | 49.30 trillion | +10.9% |
| 1986 | 54.84 trillion | +11.2% |
| 1987 | 61.78 trillion | +12.7% |
| 1988 | 71.36 trillion | +15.5% |
| 1989 | 83.90 trillion | +17.6% |
| 1990 | 100.74 trillion | +20.1% |
| 1991 | 122.05 trillion | +21.2% |
| 1992 | 141.34 trillion | +15.8% |
| 1993 | 161.10 trillion | +14.0% |
| 1994 | 192.77 trillion | +19.7% |
| 1995 | 227.07 trillion | +17.8% |
| 1996 | 261.38 trillion | +15.1% |
| 1997 | 289.43 trillion | +10.7% |
| 1998 | 270.30 trillion | -6.6% |
| 1999 | 311.18 trillion | +15.1% |
| 2000 | 355.14 trillion | +14.1% |
| 2001 | 391.69 trillion | +10.3% |
| 2002 | 440.21 trillion | +12.4% |
| 2003 | 452.74 trillion | +2.8% |
| 2004 | 468.70 trillion | +3.5% |
| 2005 | 500.91 trillion | +6.9% |
| 2006 | 533.28 trillion | +6.5% |
| 2007 | 571.81 trillion | +7.2% |
| 2008 | 606.36 trillion | +6.0% |
| 2009 | 622.81 trillion | +2.7% |
| 2010 | 667.06 trillion | +7.1% |
| 2011 | 711.12 trillion | +6.6% |
| 2012 | 738.31 trillion | +3.8% |
| 2013 | 758.00 trillion | +2.7% |
| 2014 | 780.46 trillion | +3.0% |
| 2015 | 804.81 trillion | +3.1% |
| 2016 | 834.80 trillion | +3.7% |
| 2017 | 872.79 trillion | +4.6% |
| 2018 | 911.58 trillion | +4.4% |
| 2019 | 935.93 trillion | +2.7% |
| 2020 | 900.32 trillion | -3.8% |
| 2021 | 956.02 trillion | +6.2% |
| 2022 | 1,039.40 trillion | +8.7% |
| 2023 | 1,094.27 trillion | +5.3% |
| 2024 | 1,139.23 trillion | +4.1% |
| 2025 | 1,190.11 trillion | +4.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 724.63 billion | 212.72 billion | 1.60 trillion | 10 |
| 1970s | 7.94 trillion | 2.06 trillion | 19.44 trillion | 10 |
| 1980s | 49.68 trillion | 24.92 trillion | 83.90 trillion | 10 |
| 1990s | 207.73 trillion | 100.74 trillion | 311.18 trillion | 10 |
| 2000s | 494.36 trillion | 355.14 trillion | 622.81 trillion | 10 |
| 2010s | 801.49 trillion | 667.06 trillion | 935.93 trillion | 10 |
| 2020s | 1,053.22 trillion | 900.32 trillion | 1,190.11 trillion | 6 |
Countries ranked near Korea
More economy & growth data for Korea
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- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.2 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 16 - Public finances 24.21 Percentage of GDP (2029)
- Index of digital trade integration and openness 0.2301 Index (2024)
- Index of digital trade integration and openness (INDIGO) — A. 0.0475 Index (2024)
- Index of digital trade integration and openness (INDIGO) — B. Openess 0.0121 Index (2024)
- Index of digital trade integration and openness (INDIGO) — C. Trust 0.064 Index (2024)
- Index of digital trade integration and openness (INDIGO) — D. 0.0485 Index (2024)
- Index of digital trade integration and openness (INDIGO) — E. Wider 0.058 Index (2024)
- Corporate income tax (CIT) - statutory and targeted small business 27.5 Percentage of taxable income (2026)
Frequently asked questions
- What is economic outlook no 115 — private final consumption expenditure in Korea?
- Economic outlook no 115 — private final consumption expenditure in Korea was 1,190.11 trillion in 2025, according to Organisation for Economic Co-operation and Development.
- What is the highest economic outlook no 115 — private final consumption expenditure recorded in Korea?
- The highest recorded value was 1,190.11 trillion in 2025.
- What is the lowest economic outlook no 115 — private final consumption expenditure recorded in Korea?
- The lowest recorded value was 212.72 billion in 1960.
- How does Korea rank for economic outlook no 115 — private final consumption expenditure?
- Korea ranks 1st out of 3 groups with data for 2025.
- Is economic outlook no 115 — private final consumption expenditure rising or falling in Korea?
- Over the last ten years it is up 47.9%. The long-run trend across the full record is volatile.
- Where does this Korea data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Economic Outlook No 115 — Private final consumption expenditure, nominal value, GDP expenditure approach. Statizoid updates them automatically from the source API.
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About this data
May 2024 - The OECD Economic Outlook presents the OECD’s analysis of the major global economic trends and prospects for the next two years. The Outlook puts forward a consistent set of projections for output, employment, government spending, prices and current balances based on a review of each member country and of the induced effect on each of them on international developments. OECD (2024), OECD Economic Outlook No 115 (Edition 2024/1) EO115 Database documentation EO115 Last historical points gdp inflation cpi population unemployment real gdp gdp per capita employment OECD Economic Outlook website: https://www.oecd.org/economic-outlook/ Contact: eco.outlook@oecd.org Keywords: Outlook, forecasts, forecast, GDP