Final consumption expenditure in South Korea
South Korea: Final consumption expenditure was 1.8% in 2025. ◆ Volatile
Final consumption expenditure in South Korea, 1961–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in annual % growth.
Analysis
The most recent figure for final consumption expenditure in South Korea is 1.8%, measured in 2025.
That represents a change of up 29.6% on the previous year and down 39.0% over ten years.
Over the whole period, final consumption expenditure in South Korea peaked at 11.0% in 1989 and was at its lowest, -9.3%, in 1998.
South Korea ranks 128th of 174 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 7.5% | 2.2% | 10.8% | 9 |
| 1970s | 7.8% | 5.8% | 10.3% | 10 |
| 1980s | 7.4% | 1.6% | 11.0% | 10 |
| 1990s | 6.4% | -9.3% | 10.9% | 10 |
| 2000s | 4.4% | 0.7% | 8.7% | 10 |
| 2010s | 3.1% | 2.3% | 4.7% | 10 |
| 2020s | 1.9% | -2.2% | 4.2% | 6 |
Countries ranked near South Korea
More economy & growth data for South Korea
- External balance on goods and services as a percent of GDP 5.2% (2025)
- Inflation of consumer prices 2.1% (2025)
- GDP per capita 37,470 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 27.4% (2025)
- Gross domestic product (GDP) 1.94 trillion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 37,470 constant 2015 US$ (2025)
- DEC alternative conversion factor 1,422 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) -6.93 trillion current LCU (2025)
- Net secondary income (Net current transfers from abroad) -4.87 billion current US$ (2025)
- Taxes less subsidies on products 185.85 trillion current LCU (2025)
Frequently asked questions
- What is final consumption expenditure in South Korea?
- Final consumption expenditure in South Korea was 1.8% in 2025, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest final consumption expenditure recorded in South Korea?
- The highest recorded value was 11.0% in 1989.
- What is the lowest final consumption expenditure recorded in South Korea?
- The lowest recorded value was -9.3% in 1998.
- How does South Korea rank for final consumption expenditure?
- South Korea ranks 128th out of 174 countries with data for 2025.
- Is final consumption expenditure rising or falling in South Korea?
- Over the last ten years it is down 39.0%. The long-run trend across the full record is volatile.
- Where does this South Korea data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Final consumption expenditure (annual % growth). Statizoid updates them automatically from the source API.
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About this data
Final consumption expenditure is expenditure on goods and services by resident institutional units for the direct satisfaction of human needs or wants, whether individual or collective. Final consumption expenditure can be measured for households, general government, the central bank and non-profit institutions serving households. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.