Final consumption expenditure in Republic of Korea
Republic of Korea: Final consumption expenditure was 65.7% in 2025. ▼ Falling
Final consumption expenditure in Republic of Korea, 1960–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
In 2025, final consumption expenditure in Republic of Korea stood at 65.7%.
Compared with earlier readings it is down 0.5% on the previous year and up 2.4% over ten years.
Over the whole period, final consumption expenditure in Republic of Korea peaked at 99.0% in 1960 and was at its lowest, 58.3%, in 1988.
Republic of Korea ranks 160th of 187 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 66 years of available data.
Final consumption expenditure in Republic of Korea, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1960 | 99.0% | — |
| 1961 | 96.9% | -2.2% |
| 1962 | 96.5% | -0.4% |
| 1963 | 90.9% | -5.8% |
| 1964 | 90.8% | -0.1% |
| 1965 | 92.2% | +1.5% |
| 1966 | 88.0% | -4.5% |
| 1967 | 88.7% | +0.8% |
| 1968 | 85.4% | -3.8% |
| 1969 | 81.9% | -4.1% |
| 1970 | 83.4% | +1.8% |
| 1971 | 85.3% | +2.3% |
| 1972 | 82.9% | -2.8% |
| 1973 | 77.2% | -6.8% |
| 1974 | 77.9% | +0.9% |
| 1975 | 79.8% | +2.4% |
| 1976 | 74.9% | -6.1% |
| 1977 | 71.5% | -4.5% |
| 1978 | 69.4% | -3.0% |
| 1979 | 69.6% | +0.2% |
| 1980 | 74.2% | +6.7% |
| 1981 | 74.3% | +0.1% |
| 1982 | 72.7% | -2.1% |
| 1983 | 69.0% | -5.2% |
| 1984 | 66.4% | -3.7% |
| 1985 | 65.9% | -0.8% |
| 1986 | 62.9% | -4.6% |
| 1987 | 60.1% | -4.4% |
| 1988 | 58.3% | -3.0% |
| 1989 | 60.9% | +4.4% |
| 1990 | 60.7% | -0.4% |
| 1991 | 60.6% | -0.1% |
| 1992 | 61.5% | +1.5% |
| 1993 | 61.5% | -0.1% |
| 1994 | 61.8% | +0.5% |
| 1995 | 61.8% | +0.1% |
| 1996 | 63.6% | +2.8% |
| 1997 | 63.6% | -0.0% |
| 1998 | 61.6% | -3.1% |
| 1999 | 63.5% | +3.1% |
| 2000 | 65.2% | +2.7% |
| 2001 | 66.8% | +2.5% |
| 2002 | 67.6% | +1.2% |
| 2003 | 66.1% | -2.1% |
| 2004 | 63.9% | -3.3% |
| 2005 | 65.1% | +1.9% |
| 2006 | 66.4% | +2.0% |
| 2007 | 66.0% | -0.7% |
| 2008 | 66.7% | +1.1% |
| 2009 | 66.5% | -0.2% |
| 2010 | 64.7% | -2.7% |
| 2011 | 65.9% | +1.8% |
| 2012 | 66.3% | +0.6% |
| 2013 | 65.8% | -0.7% |
| 2014 | 65.6% | -0.4% |
| 2015 | 64.1% | -2.2% |
| 2016 | 63.7% | -0.7% |
| 2017 | 63.5% | -0.3% |
| 2018 | 64.6% | +1.6% |
| 2019 | 66.2% | +2.5% |
| 2020 | 64.8% | -2.1% |
| 2021 | 64.1% | -1.0% |
| 2022 | 66.7% | +4.0% |
| 2023 | 67.7% | +1.6% |
| 2024 | 66.0% | -2.6% |
| 2025 | 65.7% | -0.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 91.0% | 81.9% | 99.0% | 10 |
| 1970s | 77.2% | 69.4% | 85.3% | 10 |
| 1980s | 66.5% | 58.3% | 74.3% | 10 |
| 1990s | 62.0% | 60.6% | 63.6% | 10 |
| 2000s | 66.0% | 63.9% | 67.6% | 10 |
| 2010s | 65.0% | 63.5% | 66.3% | 10 |
| 2020s | 65.8% | 64.1% | 67.7% | 6 |
Countries ranked near Republic of Korea
More economy & growth data for Republic of Korea
- Services, value added (constant LCU), per capita 26.07 million constant LCU per person (2025)
- GDP deflator (base year varies by country), annual growth rate 3.13 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), annual growth 0.0121 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.9302 current US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current US$), per capita 33,699 current US$ per person (2025)
- Gross value added at basic prices (GVA) (current LCU), annual growth 4.34 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 1,323 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 47.93 million current LCU per person (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 1.17 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.9641 constant 2015 US$ per US$ of GDP (2025)
Frequently asked questions
- What is final consumption expenditure in Republic of Korea?
- Final consumption expenditure in Republic of Korea was 65.7% in 2025, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest final consumption expenditure recorded in Republic of Korea?
- The highest recorded value was 99.0% in 1960.
- What is the lowest final consumption expenditure recorded in Republic of Korea?
- The lowest recorded value was 58.3% in 1988.
- How does Republic of Korea rank for final consumption expenditure?
- Republic of Korea ranks 160th out of 187 countries with data for 2025.
- Is final consumption expenditure rising or falling in Republic of Korea?
- Over the last ten years it is up 2.4%. The long-run trend across the full record is falling.
- Where does this Republic of 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 (% of GDP). 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.