General government final consumption expenditure (constant 2015 US$) in South Korea
South Korea: General government final consumption expenditure (constant 2015 US$) was 332.27 billion constant 2015 US$ in 2025. ◆ Volatile
Latest (2025)
332.27 billion constant 2015 US$
Change on year
up 3.0%
World rank
11th
of 168 countries
All-time high
332.27 billion constant 2015 US$
in 2025
All-time low
10.82 billion constant 2015 US$
in 1960
Years of data
66
1960–2025
General government final consumption expenditure in South Korea, 1960–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant 2015 US$.
Analysis
The most recent figure for general government final consumption expenditure in South Korea is 332.27 billion constant 2015 US$, measured in 2025. That is the highest value across all 66 years on record.
Compared with earlier readings it is up 3.0% on the previous year and up 50.5% over ten years.
Over the whole period, general government final consumption expenditure in South Korea peaked at 332.27 billion constant 2015 US$ in 2025 and was at its lowest, 10.82 billion constant 2015 US$, in 1960.
South Korea ranks 11th of 168 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
General government final consumption expenditure (constant 2015 US$) in South Korea, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 1960 | 10.82 billion constant 2015 US$ | — |
| 1961 | 10.88 billion constant 2015 US$ | +0.6% |
| 1962 | 11.32 billion constant 2015 US$ | +4.0% |
| 1963 | 11.95 billion constant 2015 US$ | +5.6% |
| 1964 | 11.96 billion constant 2015 US$ | +0.0% |
| 1965 | 12.73 billion constant 2015 US$ | +6.5% |
| 1966 | 14.20 billion constant 2015 US$ | +11.5% |
| 1967 | 15.52 billion constant 2015 US$ | +9.3% |
| 1968 | 17.17 billion constant 2015 US$ | +10.6% |
| 1969 | 18.99 billion constant 2015 US$ | +10.6% |
| 1970 | 20.36 billion constant 2015 US$ | +7.2% |
| 1971 | 22.10 billion constant 2015 US$ | +8.6% |
| 1972 | 23.90 billion constant 2015 US$ | +8.1% |
| 1973 | 24.42 billion constant 2015 US$ | +2.2% |
| 1974 | 26.18 billion constant 2015 US$ | +7.2% |
| 1975 | 27.97 billion constant 2015 US$ | +6.8% |
| 1976 | 28.12 billion constant 2015 US$ | +0.5% |
| 1977 | 30.05 billion constant 2015 US$ | +6.9% |
| 1978 | 31.72 billion constant 2015 US$ | +5.5% |
| 1979 | 33.55 billion constant 2015 US$ | +5.8% |
| 1980 | 37.55 billion constant 2015 US$ | +11.9% |
| 1981 | 40.05 billion constant 2015 US$ | +6.7% |
| 1982 | 40.91 billion constant 2015 US$ | +2.1% |
| 1983 | 42.39 billion constant 2015 US$ | +3.6% |
| 1984 | 44.41 billion constant 2015 US$ | +4.8% |
| 1985 | 45.88 billion constant 2015 US$ | +3.3% |
| 1986 | 48.27 billion constant 2015 US$ | +5.2% |
| 1987 | 51.74 billion constant 2015 US$ | +7.2% |
| 1988 | 56.10 billion constant 2015 US$ | +8.4% |
| 1989 | 62.42 billion constant 2015 US$ | +11.3% |
| 1990 | 68.89 billion constant 2015 US$ | +10.4% |
| 1991 | 72.21 billion constant 2015 US$ | +4.8% |
| 1992 | 76.71 billion constant 2015 US$ | +6.2% |
| 1993 | 79.85 billion constant 2015 US$ | +4.1% |
| 1994 | 82.48 billion constant 2015 US$ | +3.3% |
| 1995 | 85.61 billion constant 2015 US$ | +3.8% |
| 1996 | 91.52 billion constant 2015 US$ | +6.9% |
| 1997 | 93.73 billion constant 2015 US$ | +2.4% |
| 1998 | 97.49 billion constant 2015 US$ | +4.0% |
| 1999 | 102.27 billion constant 2015 US$ | +4.9% |
| 2000 | 102.66 billion constant 2015 US$ | +0.4% |
| 2001 | 108.80 billion constant 2015 US$ | +6.0% |
| 2002 | 115.72 billion constant 2015 US$ | +6.4% |
| 2003 | 121.44 billion constant 2015 US$ | +4.9% |
| 2004 | 126.84 billion constant 2015 US$ | +4.4% |
| 2005 | 133.73 billion constant 2015 US$ | +5.4% |
| 2006 | 143.81 billion constant 2015 US$ | +7.5% |
| 2007 | 152.83 billion constant 2015 US$ | +6.3% |
| 2008 | 160.03 billion constant 2015 US$ | +4.7% |
| 2009 | 170.68 billion constant 2015 US$ | +6.7% |
| 2010 | 180.33 billion constant 2015 US$ | +5.7% |
| 2011 | 185.57 billion constant 2015 US$ | +2.9% |
| 2012 | 194.22 billion constant 2015 US$ | +4.7% |
| 2013 | 203.68 billion constant 2015 US$ | +4.9% |
| 2014 | 212.52 billion constant 2015 US$ | +4.3% |
| 2015 | 220.82 billion constant 2015 US$ | +3.9% |
| 2016 | 230.29 billion constant 2015 US$ | +4.3% |
| 2017 | 238.85 billion constant 2015 US$ | +3.7% |
| 2018 | 251.86 billion constant 2015 US$ | +5.4% |
| 2019 | 268.01 billion constant 2015 US$ | +6.4% |
| 2020 | 281.99 billion constant 2015 US$ | +5.2% |
| 2021 | 297.89 billion constant 2015 US$ | +5.6% |
| 2022 | 309.94 billion constant 2015 US$ | +4.0% |
| 2023 | 315.94 billion constant 2015 US$ | +1.9% |
| 2024 | 322.73 billion constant 2015 US$ | +2.1% |
| 2025 | 332.27 billion constant 2015 US$ | +3.0% |
South Korea compared with similar countries
- South Korea's 332.27 billion constant 2015 US$ is above the median for high income countries, which is 41.36 billion constant 2015 US$, 8.0× the median. (60 countries reporting)
- South Korea's 332.27 billion constant 2015 US$ is above the median for East Asia & Pacific, which is 4.18 billion constant 2015 US$, 79.5× the median. (24 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 13.55 billion constant 2015 US$ | 10.82 billion constant 2015 US$ | 18.99 billion constant 2015 US$ | 10 |
| 1970s | 26.84 billion constant 2015 US$ | 20.36 billion constant 2015 US$ | 33.55 billion constant 2015 US$ | 10 |
| 1980s | 46.97 billion constant 2015 US$ | 37.55 billion constant 2015 US$ | 62.42 billion constant 2015 US$ | 10 |
| 1990s | 85.08 billion constant 2015 US$ | 68.89 billion constant 2015 US$ | 102.27 billion constant 2015 US$ | 10 |
| 2000s | 133.66 billion constant 2015 US$ | 102.66 billion constant 2015 US$ | 170.68 billion constant 2015 US$ | 10 |
| 2010s | 218.62 billion constant 2015 US$ | 180.33 billion constant 2015 US$ | 268.01 billion constant 2015 US$ | 10 |
| 2020s | 310.13 billion constant 2015 US$ | 281.99 billion constant 2015 US$ | 332.27 billion constant 2015 US$ | 6 |
Countries ranked near South Korea
- 8 Brazil 394.09 billion constant 2015 US$ compare
- 9 Italy 381.64 billion constant 2015 US$ compare
- 10 India 341.19 billion constant 2015 US$ compare
- 12 Russia 300.49 billion constant 2015 US$ compare
- 13 Spain 293.91 billion constant 2015 US$ compare
- 14 Netherlands 241.95 billion constant 2015 US$ compare
More economy & growth data for South Korea
- SDRs holdings, US dollar, annual growth rate 7.89 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0085 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 307.17 units per person (2025)
- SDRs holdings, SDR, annual growth rate 2.74 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0062 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 224.29 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 4.58 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0047 units per US$ of GDP (2025)
- IMF holdings of currency, US dollar, per capita 168.75 units per person (2025)
- IMF holdings of currency, SDR, annual growth rate -0.4147 % change on previous year (2025)
Frequently asked questions
- What is general government final consumption expenditure in South Korea?
- General government final consumption expenditure in South Korea was 332.27 billion constant 2015 US$ in 2025, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest general government final consumption expenditure recorded in South Korea?
- The highest recorded value was 332.27 billion constant 2015 US$ in 2025.
- What is the lowest general government final consumption expenditure recorded in South Korea?
- The lowest recorded value was 10.82 billion constant 2015 US$ in 1960.
- How does South Korea rank for general government final consumption expenditure?
- South Korea ranks 11th out of 168 countries with data for 2025.
- Is general government final consumption expenditure rising or falling in South Korea?
- Over the last ten years it is up 50.5%. 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 Organizations and/or Central Banks, published as part of General government 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. General government FCE includes all government current expenditures for purchases of goods and services (including compensation of employees), and most expenditures on national defense and security, but excludes government military expenditures that are part of government capital formation. 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.