Economic Outlook No 117 — Private final consumption expenditure in Korea
Korea: Economic Outlook No 117 — Private final consumption expenditure was 2.41 in 2026. ◆ Volatile
Economic Outlook No 117 — Private final consumption expenditure in Korea, 1961–2026
Source: Organisation for Economic Co-operation and Development.
Analysis
In 2026, economic outlook no 117 — private final consumption expenditure in Korea stood at 2.41.
That represents a change of up 103.1% on the previous year and down 13.6% over ten years.
Over the whole period, economic outlook no 117 — private final consumption expenditure in Korea peaked at 12.19 in 1999 and was at its lowest, -11.82, in 1998.
The series is highly variable year to year, so single readings are best treated with caution.
Economic Outlook No 117 — Private final consumption expenditure in Korea, year by year
| Year | Value | Change |
|---|---|---|
| 1961 | 2.48 | — |
| 1962 | 9.85 | +297.7% |
| 1963 | 4.27 | -56.7% |
| 1964 | 8.61 | +101.8% |
| 1965 | 7.02 | -18.5% |
| 1966 | 6.62 | -5.7% |
| 1967 | 8.92 | +34.9% |
| 1968 | 10.58 | +18.5% |
| 1969 | 10.77 | +1.9% |
| 1970 | 10.75 | -0.3% |
| 1971 | 9.73 | -9.4% |
| 1972 | 5.81 | -40.3% |
| 1973 | 9.25 | +59.2% |
| 1974 | 7.77 | -16.1% |
| 1975 | 5.94 | -23.5% |
| 1976 | 8.58 | +44.4% |
| 1977 | 5.68 | -33.8% |
| 1978 | 8.5 | +49.6% |
| 1979 | 8.89 | +4.6% |
| 1980 | -0.0355 | -100.4% |
| 1981 | 5.46 | -15474.7% |
| 1982 | 7.59 | +39.1% |
| 1983 | 9.29 | +22.5% |
| 1984 | 7.77 | -16.4% |
| 1985 | 7.54 | -3.0% |
| 1986 | 9.56 | +26.8% |
| 1987 | 8.65 | -9.5% |
| 1988 | 9.6 | +10.9% |
| 1989 | 10.99 | +14.5% |
| 1990 | 10.06 | -8.5% |
| 1991 | 9.1 | -9.5% |
| 1992 | 7.18 | -21.1% |
| 1993 | 7.13 | -0.6% |
| 1994 | 9.43 | +32.2% |
| 1995 | 10.87 | +15.2% |
| 1996 | 7.89 | -27.4% |
| 1997 | 4.36 | -44.7% |
| 1998 | -11.82 | -371.1% |
| 1999 | 12.19 | -203.1% |
| 2000 | 9.05 | -25.8% |
| 2001 | 5.83 | -35.5% |
| 2002 | 9.13 | +56.5% |
| 2003 | -0.1576 | -101.7% |
| 2004 | 0.5535 | -451.3% |
| 2005 | 4.72 | +752.8% |
| 2006 | 4.99 | +5.7% |
| 2007 | 5.42 | +8.6% |
| 2008 | 1.74 | -67.9% |
| 2009 | 0.2057 | -88.2% |
| 2010 | 4.47 | +2075.1% |
| 2011 | 3.12 | -30.4% |
| 2012 | 1.73 | -44.4% |
| 2013 | 1.83 | +5.5% |
| 2014 | 2.09 | +14.3% |
| 2015 | 2.58 | +23.4% |
| 2016 | 2.78 | +8.0% |
| 2017 | 2.86 | +2.8% |
| 2018 | 3.28 | +14.5% |
| 2019 | 2.37 | -27.7% |
| 2020 | -4.64 | -295.6% |
| 2021 | 3.74 | -180.5% |
| 2022 | 4.22 | +12.8% |
| 2023 | 1.76 | -58.2% |
| 2024 | 1.13 | -35.8% |
| 2025 | 1.18 | +4.7% |
| 2026 | 2.41 | +103.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 7.68 | 2.48 | 10.77 | 9 |
| 1970s | 8.09 | 5.68 | 10.75 | 10 |
| 1980s | 7.64 | -0.0355 | 10.99 | 10 |
| 1990s | 6.64 | -11.82 | 12.19 | 10 |
| 2000s | 4.15 | -0.1576 | 9.13 | 10 |
| 2010s | 2.71 | 1.73 | 4.47 | 10 |
| 2020s | 1.4 | -4.64 | 4.22 | 7 |
Countries ranked near Korea
More economy & growth data for Korea
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.03 Percent per annum (2029)
- 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 117 — private final consumption expenditure in Korea?
- Economic outlook no 117 — private final consumption expenditure in Korea was 2.41 in 2026, according to Organisation for Economic Co-operation and Development.
- What is the highest economic outlook no 117 — private final consumption expenditure recorded in Korea?
- The highest recorded value was 12.19 in 1999.
- What is the lowest economic outlook no 117 — private final consumption expenditure recorded in Korea?
- The lowest recorded value was -11.82 in 1998.
- How does Korea rank for economic outlook no 117 — private final consumption expenditure?
- Korea ranks 2nd out of 3 groups with data for 2026.
- Is economic outlook no 117 — private final consumption expenditure rising or falling in Korea?
- Over the last ten years it is down 13.6%. 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 — Private final consumption expenditure, volume, growth. 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