General government final consumption expenditure in Republic of Korea
Republic of Korea: General government final consumption expenditure was 332.27 billion constant 2015 US$ in 2025. ◆ Volatile
General government final consumption expenditure in Republic of Korea, 1960–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant 2015 US$.
Analysis
The most recent figure for general government final consumption expenditure in Republic of Korea is 332.27 billion constant 2015 US$, 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 Republic of Korea peaked at 332.27 billion constant 2015 US$ in 2025 and was at its lowest, 10.82 billion constant 2015 US$, in 1960.
Republic of Korea ranks 11th of 167 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
General government final consumption expenditure in Republic of Korea, year by year
| Year | constant 2015 US$ | 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% |
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 Republic of 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 Russian Federation 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 Republic of Korea
- GNI, Atlas method (current US$), annual growth rate 2.94 % change on previous year (2025)
- GNI, Atlas method (current US$), per unit of GDP 1.05 current US$ per US$ of GDP (2025)
- GNI, Atlas method (current US$), per capita 37,884 current US$ per person (2025)
- GNI (current US$), annual growth rate 0.1093 % change on previous year (2025)
- GNI (current US$), per unit of GDP 1.02 current US$ per US$ of GDP (2025)
- GNI (current US$), per capita 36,849 current US$ per person (2025)
- GNI (current LCU), annual growth rate 4.45 % change on previous year (2025)
- GNI (current LCU), per unit of GDP 1,447 current LCU per US$ of GDP (2025)
- GNI (current LCU), per capita 52.42 million current LCU per person (2025)
- Net primary income (Net income from abroad) (current US$), annual 18.84 % change on previous year (2025)
Frequently asked questions
- What is general government final consumption expenditure in Republic of Korea?
- General government final consumption expenditure in Republic of Korea was 332.27 billion constant 2015 US$ 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 Republic of 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 Republic of Korea?
- The lowest recorded value was 10.82 billion constant 2015 US$ in 1960.
- How does Republic of Korea rank for general government final consumption expenditure?
- Republic of Korea ranks 11th out of 167 countries with data for 2025.
- Is general government final consumption expenditure rising or falling in Republic of Korea?
- Over the last ten years it is up 50.5%. The long-run trend across the full record is volatile.
- 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 General government final consumption expenditure (constant 2015 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. 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.