Economic Outlook No 117 — General government final consumption in Korea
Korea: Economic Outlook No 117 — General government final consumption was 472.97 trillion in 2026. ◆ Volatile
Economic Outlook No 117 — General government final consumption in Korea, 1960–2026
Source: Organisation for Economic Co-operation and Development.
Analysis
Korea recorded 472.97 trillion for economic outlook no 117 — general government final consumption in 2026. That is the highest value across all 67 years on record.
The figure is up 3.6% on the previous year and up 78.7% over ten years.
Over the whole period, economic outlook no 117 — general government final consumption in Korea peaked at 472.97 trillion in 2026 and was at its lowest, 35.58 billion, in 1960.
The series is highly variable year to year, so single readings are best treated with caution.
Economic Outlook No 117 — General government final consumption in Korea, year by year
| Year | Value | Change |
|---|---|---|
| 1960 | 35.58 billion | — |
| 1961 | 40.04 billion | +12.5% |
| 1962 | 49.63 billion | +24.0% |
| 1963 | 54.63 billion | +10.1% |
| 1964 | 60.71 billion | +11.1% |
| 1965 | 74.42 billion | +22.6% |
| 1966 | 103.17 billion | +38.6% |
| 1967 | 129.68 billion | +25.7% |
| 1968 | 171.87 billion | +32.5% |
| 1969 | 219.46 billion | +27.7% |
| 1970 | 276.70 billion | +26.1% |
| 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 | +33.8% |
| 1977 | 1.99 trillion | +27.4% |
| 1978 | 2.49 trillion | +25.0% |
| 1979 | 3.17 trillion | +27.3% |
| 1980 | 4.70 trillion | +48.1% |
| 1981 | 5.94 trillion | +26.3% |
| 1982 | 6.70 trillion | +12.8% |
| 1983 | 7.52 trillion | +12.2% |
| 1984 | 8.23 trillion | +9.4% |
| 1985 | 9.27 trillion | +12.7% |
| 1986 | 10.49 trillion | +13.2% |
| 1987 | 12.09 trillion | +15.2% |
| 1988 | 14.42 trillion | +19.3% |
| 1989 | 17.75 trillion | +23.1% |
| 1990 | 21.93 trillion | +23.6% |
| 1991 | 25.93 trillion | +18.3% |
| 1992 | 30.60 trillion | +18.0% |
| 1993 | 33.85 trillion | +10.6% |
| 1994 | 38.30 trillion | +13.1% |
| 1995 | 44.06 trillion | +15.0% |
| 1996 | 51.34 trillion | +16.5% |
| 1997 | 55.83 trillion | +8.8% |
| 1998 | 61.88 trillion | +10.8% |
| 1999 | 66.06 trillion | +6.8% |
| 2000 | 71.40 trillion | +8.1% |
| 2001 | 83.17 trillion | +16.5% |
| 2002 | 92.04 trillion | +10.7% |
| 2003 | 101.50 trillion | +10.3% |
| 2004 | 112.07 trillion | +10.4% |
| 2005 | 122.75 trillion | +9.5% |
| 2006 | 133.91 trillion | +9.1% |
| 2007 | 145.51 trillion | +8.7% |
| 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 | 439.62 trillion | +3.9% |
| 2025 | 456.71 trillion | +3.9% |
| 2026 | 472.97 trillion | +3.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 93.92 billion | 35.58 billion | 219.46 billion | 10 |
| 1970s | 1.27 trillion | 276.70 billion | 3.17 trillion | 10 |
| 1980s | 9.71 trillion | 4.70 trillion | 17.75 trillion | 10 |
| 1990s | 42.98 trillion | 21.93 trillion | 66.06 trillion | 10 |
| 2000s | 119.83 trillion | 71.40 trillion | 175.18 trillion | 10 |
| 2010s | 248.49 trillion | 186.28 trillion | 327.78 trillion | 10 |
| 2020s | 418.59 trillion | 349.59 trillion | 472.97 trillion | 7 |
Countries ranked near Korea
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- 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 117 — general government final consumption in Korea?
- Economic outlook no 117 — general government final consumption in Korea was 472.97 trillion in 2026, according to Organisation for Economic Co-operation and Development.
- What is the highest economic outlook no 117 — general government final consumption recorded in Korea?
- The highest recorded value was 472.97 trillion in 2026.
- What is the lowest economic outlook no 117 — general government final consumption recorded in Korea?
- The lowest recorded value was 35.58 billion in 1960.
- How does Korea rank for economic outlook no 117 — general government final consumption?
- Korea ranks 1st out of 3 groups with data for 2026.
- Is economic outlook no 117 — general government final consumption rising or falling in Korea?
- Over the last ten years it is up 78.7%. 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 117 — General government final consumption expenditure, nominal value, appropriation account. Statizoid updates them automatically from the source API.
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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 (2025), OECD Economic Outlook No 117 (Edition 2025/1) EO117 Database documentation EO117 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