Economic Outlook No 116 — General government final consumption in Korea
Korea: Economic Outlook No 116 — General government final consumption was 468.90 trillion in 2026. ◆ Volatile
Economic Outlook No 116 — General government final consumption in Korea, 1970–2026
Source: Organisation for Economic Co-operation and Development.
Analysis
The most recent figure for economic outlook no 116 — general government final consumption in Korea is 468.90 trillion, measured in 2026. That is the highest value across all 57 years on record.
The figure is up 3.1% on the previous year and up 77.1% over ten years.
Over the whole period, economic outlook no 116 — general government final consumption in Korea peaked at 468.90 trillion in 2026 and was at its lowest, 276.70 billion, in 1970.
The series is highly variable year to year, so single readings are best treated with caution.
Economic Outlook No 116 — General government final consumption in Korea, year by year
| Year | Value | Change |
|---|---|---|
| 1970 | 276.70 billion | — |
| 1971 | 350.00 billion | +26.5% |
| 1972 | 446.80 billion | +27.7% |
| 1973 | 491.00 billion | +9.9% |
| 1974 | 759.30 billion | +54.6% |
| 1975 | 1.17 trillion | +54.0% |
| 1976 | 1.56 trillion | +33.7% |
| 1977 | 1.99 trillion | +27.2% |
| 1978 | 2.49 trillion | +25.4% |
| 1979 | 3.19 trillion | +27.7% |
| 1980 | 4.73 trillion | +48.5% |
| 1981 | 6.00 trillion | +26.8% |
| 1982 | 6.75 trillion | +12.6% |
| 1983 | 7.57 trillion | +12.1% |
| 1984 | 8.29 trillion | +9.6% |
| 1985 | 9.36 trillion | +12.8% |
| 1986 | 10.57 trillion | +13.0% |
| 1987 | 12.15 trillion | +15.0% |
| 1988 | 14.48 trillion | +19.1% |
| 1989 | 17.83 trillion | +23.2% |
| 1990 | 22.01 trillion | +23.4% |
| 1991 | 26.07 trillion | +18.5% |
| 1992 | 30.70 trillion | +17.7% |
| 1993 | 33.88 trillion | +10.4% |
| 1994 | 38.28 trillion | +13.0% |
| 1995 | 43.87 trillion | +14.6% |
| 1996 | 51.00 trillion | +16.2% |
| 1997 | 55.34 trillion | +8.5% |
| 1998 | 61.26 trillion | +10.7% |
| 1999 | 65.51 trillion | +6.9% |
| 2000 | 71.03 trillion | +8.4% |
| 2001 | 83.11 trillion | +17.0% |
| 2002 | 92.14 trillion | +10.9% |
| 2003 | 101.76 trillion | +10.4% |
| 2004 | 112.53 trillion | +10.6% |
| 2005 | 123.15 trillion | +9.4% |
| 2006 | 134.46 trillion | +9.2% |
| 2007 | 145.51 trillion | +8.2% |
| 2008 | 160.81 trillion | +10.5% |
| 2009 | 175.18 trillion | +8.9% |
| 2010 | 186.28 trillion | +6.3% |
| 2011 | 198.58 trillion | +6.6% |
| 2012 | 210.69 trillion | +6.1% |
| 2013 | 224.01 trillion | +6.3% |
| 2014 | 237.37 trillion | +6.0% |
| 2015 | 249.74 trillion | +5.2% |
| 2016 | 264.72 trillion | +6.0% |
| 2017 | 281.90 trillion | +6.5% |
| 2018 | 303.86 trillion | +7.8% |
| 2019 | 327.78 trillion | +7.9% |
| 2020 | 349.59 trillion | +6.7% |
| 2021 | 378.27 trillion | +8.2% |
| 2022 | 409.87 trillion | +8.4% |
| 2023 | 423.13 trillion | +3.2% |
| 2024 | 439.85 trillion | +4.0% |
| 2025 | 454.58 trillion | +3.3% |
| 2026 | 468.90 trillion | +3.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1.27 trillion | 276.70 billion | 3.19 trillion | 10 |
| 1980s | 9.77 trillion | 4.73 trillion | 17.83 trillion | 10 |
| 1990s | 42.79 trillion | 22.01 trillion | 65.51 trillion | 10 |
| 2000s | 119.97 trillion | 71.03 trillion | 175.18 trillion | 10 |
| 2010s | 248.49 trillion | 186.28 trillion | 327.78 trillion | 10 |
| 2020s | 417.74 trillion | 349.59 trillion | 468.90 trillion | 7 |
Countries ranked near Korea
More economy & growth data for Korea
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.2 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.03 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 116 — general government final consumption in Korea?
- Economic outlook no 116 — general government final consumption in Korea was 468.90 trillion in 2026, according to Organisation for Economic Co-operation and Development.
- What is the highest economic outlook no 116 — general government final consumption recorded in Korea?
- The highest recorded value was 468.90 trillion in 2026.
- What is the lowest economic outlook no 116 — general government final consumption recorded in Korea?
- The lowest recorded value was 276.70 billion in 1970.
- How does Korea rank for economic outlook no 116 — general government final consumption?
- Korea ranks 1st out of 3 groups with data for 2026.
- Is economic outlook no 116 — general government final consumption rising or falling in Korea?
- Over the last ten years it is up 77.1%. 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 116 — General government final consumption expenditure, nominal value, appropriation account. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 57 observations, free to reuse under OECD Terms and Conditions (attribution required).
About this data
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 116 (Edition 2024/2) EO116 Database documentation EO116 Last historical points OECD Economic Outlook website: https://www.oecd.org/economic-outlook/ Contact: eco.outlook@oecd.org