Final consumption expenditure in South Korea
South Korea: Final consumption expenditure was 1.23 trillion current US$ in 2025. ◆ Volatile
Latest (2025)
1.23 trillion current US$
Change on year
down 0.6%
World rank
15th
of 188 countries
All-time high
1.25 trillion current US$
in 2023
All-time low
2.35 billion current US$
in 1961
Years of data
66
1960–2025
Final consumption expenditure in South Korea, 1960–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
The most recent figure for final consumption expenditure in South Korea is 1.23 trillion current US$, measured in 2025.
Compared with earlier readings it is down 0.6% on the previous year and up 24.5% over ten years.
Over the whole period, final consumption expenditure in South Korea peaked at 1.25 trillion current US$ in 2023 and was at its lowest, 2.35 billion current US$, in 1961.
South Korea ranks 15th of 188 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Final consumption expenditure in South Korea, year by year
| Year | current US$ | Change |
|---|---|---|
| 1960 | 3.94 billion current US$ | — |
| 1961 | 2.35 billion current US$ | -40.2% |
| 1962 | 2.73 billion current US$ | +16.0% |
| 1963 | 3.64 billion current US$ | +33.6% |
| 1964 | 3.16 billion current US$ | -13.4% |
| 1965 | 2.90 billion current US$ | -8.3% |
| 1966 | 3.48 billion current US$ | +20.3% |
| 1967 | 4.34 billion current US$ | +24.7% |
| 1968 | 5.27 billion current US$ | +21.3% |
| 1969 | 6.34 billion current US$ | +20.4% |
| 1970 | 7.57 billion current US$ | +19.4% |
| 1971 | 8.53 billion current US$ | +12.6% |
| 1972 | 9.11 billion current US$ | +6.8% |
| 1973 | 10.86 billion current US$ | +19.2% |
| 1974 | 15.48 billion current US$ | +42.5% |
| 1975 | 17.65 billion current US$ | +14.1% |
| 1976 | 22.75 billion current US$ | +28.9% |
| 1977 | 27.95 billion current US$ | +22.9% |
| 1978 | 36.67 billion current US$ | +31.2% |
| 1979 | 47.37 billion current US$ | +29.2% |
| 1980 | 49.38 billion current US$ | +4.3% |
| 1981 | 55.20 billion current US$ | +11.8% |
| 1982 | 58.14 billion current US$ | +5.3% |
| 1983 | 61.80 billion current US$ | +6.3% |
| 1984 | 66.26 billion current US$ | +7.2% |
| 1985 | 68.36 billion current US$ | +3.2% |
| 1986 | 75.43 billion current US$ | +10.3% |
| 1987 | 91.53 billion current US$ | +21.3% |
| 1988 | 119.82 billion current US$ | +30.9% |
| 1989 | 154.80 billion current US$ | +29.2% |
| 1990 | 177.16 billion current US$ | +14.4% |
| 1991 | 206.57 billion current US$ | +16.6% |
| 1992 | 225.75 billion current US$ | +9.3% |
| 1993 | 249.45 billion current US$ | +10.5% |
| 1994 | 296.12 billion current US$ | +18.7% |
| 1995 | 362.50 billion current US$ | +22.4% |
| 1996 | 401.19 billion current US$ | +10.7% |
| 1997 | 374.48 billion current US$ | -6.7% |
| 1998 | 244.65 billion current US$ | -34.7% |
| 1999 | 327.32 billion current US$ | +33.8% |
| 2000 | 389.36 billion current US$ | +19.0% |
| 2001 | 379.23 billion current US$ | -2.6% |
| 2002 | 439.37 billion current US$ | +15.9% |
| 2003 | 481.86 billion current US$ | +9.7% |
| 2004 | 526.38 billion current US$ | +9.2% |
| 2005 | 633.04 billion current US$ | +20.3% |
| 2006 | 727.50 billion current US$ | +14.9% |
| 2007 | 805.39 billion current US$ | +10.7% |
| 2008 | 727.65 billion current US$ | -9.7% |
| 2009 | 653.71 billion current US$ | -10.2% |
| 2010 | 771.82 billion current US$ | +18.1% |
| 2011 | 860.81 billion current US$ | +11.5% |
| 2012 | 884.74 billion current US$ | +2.8% |
| 2013 | 944.02 billion current US$ | +6.7% |
| 2014 | 1.02 trillion current US$ | +8.1% |
| 2015 | 987.25 billion current US$ | -3.3% |
| 2016 | 1.01 trillion current US$ | +1.9% |
| 2017 | 1.09 trillion current US$ | +8.0% |
| 2018 | 1.18 trillion current US$ | +8.4% |
| 2019 | 1.16 trillion current US$ | -1.6% |
| 2020 | 1.13 trillion current US$ | -2.5% |
| 2021 | 1.25 trillion current US$ | +10.2% |
| 2022 | 1.20 trillion current US$ | -3.7% |
| 2023 | 1.25 trillion current US$ | +4.1% |
| 2024 | 1.24 trillion current US$ | -1.0% |
| 2025 | 1.23 trillion current US$ | -0.6% |
South Korea compared with similar countries
- South Korea's 1.23 trillion current US$ is above the median for high income countries, which is 123.73 billion current US$, 9.9× the median. (67 countries reporting)
- South Korea's 1.23 trillion current US$ is above the median for East Asia & Pacific, which is 16.77 billion current US$, 73.3× the median. (29 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 3.81 billion current US$ | 2.35 billion current US$ | 6.34 billion current US$ | 10 |
| 1970s | 20.39 billion current US$ | 7.57 billion current US$ | 47.37 billion current US$ | 10 |
| 1980s | 80.07 billion current US$ | 49.38 billion current US$ | 154.80 billion current US$ | 10 |
| 1990s | 286.52 billion current US$ | 177.16 billion current US$ | 401.19 billion current US$ | 10 |
| 2000s | 576.35 billion current US$ | 379.23 billion current US$ | 805.39 billion current US$ | 10 |
| 2010s | 989.76 billion current US$ | 771.82 billion current US$ | 1.18 trillion current US$ | 10 |
| 2020s | 1.22 trillion current US$ | 1.13 trillion current US$ | 1.25 trillion current 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 1.23 trillion current US$ in 2025, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest final consumption expenditure recorded in South Korea?
- The highest recorded value was 1.25 trillion current US$ in 2023.
- What is the lowest final consumption expenditure recorded in South Korea?
- The lowest recorded value was 2.35 billion current US$ in 1961.
- How does South Korea rank for final consumption expenditure?
- South Korea ranks 15th out of 188 countries with data for 2025.
- Is final consumption expenditure rising or falling in South Korea?
- Over the last ten years it is up 24.5%. 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 Offices (NSOs), published as part of Final consumption expenditure (current US$). 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 is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.