Final consumption expenditure in South Korea
South Korea: Final consumption expenditure was 1.26 trillion constant 2015 US$ in 2025. ◆ Volatile
Latest (2025)
1.26 trillion constant 2015 US$
Change on year
up 1.8%
World rank
12th
of 172 countries
All-time high
1.26 trillion constant 2015 US$
in 2025
All-time low
35.75 billion constant 2015 US$
in 1960
Years of data
66
1960–2025
Final consumption expenditure in South Korea, 1960–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant 2015 US$.
Analysis
In 2025, final consumption expenditure in South Korea stood at 1.26 trillion constant 2015 US$. That is the highest value across all 66 years on record.
The figure is up 1.8% on the previous year and up 27.2% over ten years.
Over the whole period, final consumption expenditure in South Korea peaked at 1.26 trillion constant 2015 US$ in 2025 and was at its lowest, 35.75 billion constant 2015 US$, in 1960.
South Korea ranks 12th of 172 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Final consumption expenditure in South Korea, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 1960 | 35.75 billion constant 2015 US$ | — |
| 1961 | 36.54 billion constant 2015 US$ | +2.2% |
| 1962 | 39.85 billion constant 2015 US$ | +9.1% |
| 1963 | 41.63 billion constant 2015 US$ | +4.5% |
| 1964 | 44.80 billion constant 2015 US$ | +7.6% |
| 1965 | 47.93 billion constant 2015 US$ | +7.0% |
| 1966 | 51.32 billion constant 2015 US$ | +7.1% |
| 1967 | 55.93 billion constant 2015 US$ | +9.0% |
| 1968 | 61.84 billion constant 2015 US$ | +10.6% |
| 1969 | 68.49 billion constant 2015 US$ | +10.8% |
| 1970 | 75.57 billion constant 2015 US$ | +10.3% |
| 1971 | 82.82 billion constant 2015 US$ | +9.6% |
| 1972 | 87.85 billion constant 2015 US$ | +6.1% |
| 1973 | 95.21 billion constant 2015 US$ | +8.4% |
| 1974 | 102.54 billion constant 2015 US$ | +7.7% |
| 1975 | 108.74 billion constant 2015 US$ | +6.0% |
| 1976 | 116.87 billion constant 2015 US$ | +7.5% |
| 1977 | 123.71 billion constant 2015 US$ | +5.8% |
| 1978 | 133.68 billion constant 2015 US$ | +8.1% |
| 1979 | 144.98 billion constant 2015 US$ | +8.5% |
| 1980 | 147.33 billion constant 2015 US$ | +1.6% |
| 1981 | 155.65 billion constant 2015 US$ | +5.6% |
| 1982 | 166.12 billion constant 2015 US$ | +6.7% |
| 1983 | 180.07 billion constant 2015 US$ | +8.4% |
| 1984 | 193.21 billion constant 2015 US$ | +7.3% |
| 1985 | 206.51 billion constant 2015 US$ | +6.9% |
| 1986 | 224.85 billion constant 2015 US$ | +8.9% |
| 1987 | 243.79 billion constant 2015 US$ | +8.4% |
| 1988 | 266.73 billion constant 2015 US$ | +9.4% |
| 1989 | 296.18 billion constant 2015 US$ | +11.0% |
| 1990 | 326.13 billion constant 2015 US$ | +10.1% |
| 1991 | 353.36 billion constant 2015 US$ | +8.4% |
| 1992 | 378.16 billion constant 2015 US$ | +7.0% |
| 1993 | 403.14 billion constant 2015 US$ | +6.6% |
| 1994 | 436.99 billion constant 2015 US$ | +8.4% |
| 1995 | 479.51 billion constant 2015 US$ | +9.7% |
| 1996 | 516.60 billion constant 2015 US$ | +7.7% |
| 1997 | 537.53 billion constant 2015 US$ | +4.1% |
| 1998 | 487.32 billion constant 2015 US$ | -9.3% |
| 1999 | 540.32 billion constant 2015 US$ | +10.9% |
| 2000 | 581.25 billion constant 2015 US$ | +7.6% |
| 2001 | 615.29 billion constant 2015 US$ | +5.9% |
| 2002 | 668.55 billion constant 2015 US$ | +8.7% |
| 2003 | 673.20 billion constant 2015 US$ | +0.7% |
| 2004 | 681.55 billion constant 2015 US$ | +1.2% |
| 2005 | 714.63 billion constant 2015 US$ | +4.9% |
| 2006 | 753.73 billion constant 2015 US$ | +5.5% |
| 2007 | 795.81 billion constant 2015 US$ | +5.6% |
| 2008 | 814.27 billion constant 2015 US$ | +2.3% |
| 2009 | 826.47 billion constant 2015 US$ | +1.5% |
| 2010 | 865.50 billion constant 2015 US$ | +4.7% |
| 2011 | 892.10 billion constant 2015 US$ | +3.1% |
| 2012 | 912.99 billion constant 2015 US$ | +2.3% |
| 2013 | 935.56 billion constant 2015 US$ | +2.5% |
| 2014 | 959.68 billion constant 2015 US$ | +2.6% |
| 2015 | 987.25 billion constant 2015 US$ | +2.9% |
| 2016 | 1.02 trillion constant 2015 US$ | +3.1% |
| 2017 | 1.05 trillion constant 2015 US$ | +3.1% |
| 2018 | 1.09 trillion constant 2015 US$ | +3.8% |
| 2019 | 1.12 trillion constant 2015 US$ | +3.3% |
| 2020 | 1.10 trillion constant 2015 US$ | -2.2% |
| 2021 | 1.15 trillion constant 2015 US$ | +4.2% |
| 2022 | 1.19 trillion constant 2015 US$ | +4.2% |
| 2023 | 1.22 trillion constant 2015 US$ | +2.0% |
| 2024 | 1.23 trillion constant 2015 US$ | +1.4% |
| 2025 | 1.26 trillion constant 2015 US$ | +1.8% |
South Korea compared with similar countries
- South Korea's 1.26 trillion constant 2015 US$ is above the median for high income countries, which is 177.97 billion constant 2015 US$, 7.1× the median. (61 countries reporting)
- South Korea's 1.26 trillion constant 2015 US$ is above the median for East Asia & Pacific, which is 27.09 billion constant 2015 US$, 46.4× the median. (25 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 48.41 billion constant 2015 US$ | 35.75 billion constant 2015 US$ | 68.49 billion constant 2015 US$ | 10 |
| 1970s | 107.20 billion constant 2015 US$ | 75.57 billion constant 2015 US$ | 144.98 billion constant 2015 US$ | 10 |
| 1980s | 208.04 billion constant 2015 US$ | 147.33 billion constant 2015 US$ | 296.18 billion constant 2015 US$ | 10 |
| 1990s | 445.90 billion constant 2015 US$ | 326.13 billion constant 2015 US$ | 540.32 billion constant 2015 US$ | 10 |
| 2000s | 712.48 billion constant 2015 US$ | 581.25 billion constant 2015 US$ | 826.47 billion constant 2015 US$ | 10 |
| 2010s | 983.40 billion constant 2015 US$ | 865.50 billion constant 2015 US$ | 1.12 trillion constant 2015 US$ | 10 |
| 2020s | 1.19 trillion constant 2015 US$ | 1.10 trillion constant 2015 US$ | 1.26 trillion constant 2015 US$ | 6 |
Countries ranked near South Korea
More economy & growth data for South Korea
- Foreign direct investment, net outflows (BoP, current US$), gaps 41.23 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.022 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 797.74 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 15.80 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual 22.87 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0084 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 305.78 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 4.39 % change on previous year (2025)
- Total reserves (includes gold, current US$), per unit of GDP 0.2332 includes gold, current US$ per US$ of GDP (2025)
- Total reserves (includes gold, current US$), per capita 8,447 includes gold, current US$ per person (2025)
Frequently asked questions
- What is final consumption expenditure in South Korea?
- Final consumption expenditure in South Korea was 1.26 trillion constant 2015 US$ 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 1.26 trillion constant 2015 US$ in 2025.
- What is the lowest final consumption expenditure recorded in South Korea?
- The lowest recorded value was 35.75 billion constant 2015 US$ in 1960.
- How does South Korea rank for final consumption expenditure?
- South Korea ranks 12th out of 172 countries with data for 2025.
- Is final consumption expenditure rising or falling in South Korea?
- Over the last ten years it is up 27.2%. 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 (constant 2015 US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 66 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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 is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.