General government final consumption expenditure (constant LCU) in South Korea
South Korea: General government final consumption expenditure (constant LCU) was 411.92 trillion constant LCU in 2025. ◆ Volatile
General government final consumption expenditure in South Korea, 1960–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant LCU.
Analysis
The most recent figure for general government final consumption expenditure in South Korea is 411.92 trillion constant LCU, measured in 2025. That is the highest value across all 66 years on record.
That represents a change of 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 411.92 trillion constant LCU in 2025 and was at its lowest, 13.41 trillion constant LCU, in 1960.
South Korea ranks 4th of 176 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 LCU) in South Korea, year by year
| Year | constant LCU | Change |
|---|---|---|
| 1960 | 13.41 trillion constant LCU | — |
| 1961 | 13.49 trillion constant LCU | +0.6% |
| 1962 | 14.03 trillion constant LCU | +4.0% |
| 1963 | 14.82 trillion constant LCU | +5.6% |
| 1964 | 14.82 trillion constant LCU | +0.0% |
| 1965 | 15.79 trillion constant LCU | +6.5% |
| 1966 | 17.60 trillion constant LCU | +11.5% |
| 1967 | 19.24 trillion constant LCU | +9.3% |
| 1968 | 21.29 trillion constant LCU | +10.6% |
| 1969 | 23.54 trillion constant LCU | +10.6% |
| 1970 | 25.24 trillion constant LCU | +7.2% |
| 1971 | 27.40 trillion constant LCU | +8.6% |
| 1972 | 29.62 trillion constant LCU | +8.1% |
| 1973 | 30.27 trillion constant LCU | +2.2% |
| 1974 | 32.46 trillion constant LCU | +7.2% |
| 1975 | 34.68 trillion constant LCU | +6.8% |
| 1976 | 34.86 trillion constant LCU | +0.5% |
| 1977 | 37.26 trillion constant LCU | +6.9% |
| 1978 | 39.32 trillion constant LCU | +5.5% |
| 1979 | 41.59 trillion constant LCU | +5.8% |
| 1980 | 46.55 trillion constant LCU | +11.9% |
| 1981 | 49.66 trillion constant LCU | +6.7% |
| 1982 | 50.72 trillion constant LCU | +2.1% |
| 1983 | 52.55 trillion constant LCU | +3.6% |
| 1984 | 55.05 trillion constant LCU | +4.8% |
| 1985 | 56.87 trillion constant LCU | +3.3% |
| 1986 | 59.85 trillion constant LCU | +5.2% |
| 1987 | 64.14 trillion constant LCU | +7.2% |
| 1988 | 69.55 trillion constant LCU | +8.4% |
| 1989 | 77.38 trillion constant LCU | +11.3% |
| 1990 | 85.41 trillion constant LCU | +10.4% |
| 1991 | 89.52 trillion constant LCU | +4.8% |
| 1992 | 95.09 trillion constant LCU | +6.2% |
| 1993 | 98.99 trillion constant LCU | +4.1% |
| 1994 | 102.25 trillion constant LCU | +3.3% |
| 1995 | 106.13 trillion constant LCU | +3.8% |
| 1996 | 113.46 trillion constant LCU | +6.9% |
| 1997 | 116.19 trillion constant LCU | +2.4% |
| 1998 | 120.86 trillion constant LCU | +4.0% |
| 1999 | 126.78 trillion constant LCU | +4.9% |
| 2000 | 127.27 trillion constant LCU | +0.4% |
| 2001 | 134.88 trillion constant LCU | +6.0% |
| 2002 | 143.46 trillion constant LCU | +6.4% |
| 2003 | 150.55 trillion constant LCU | +4.9% |
| 2004 | 157.24 trillion constant LCU | +4.4% |
| 2005 | 165.78 trillion constant LCU | +5.4% |
| 2006 | 178.29 trillion constant LCU | +7.5% |
| 2007 | 189.46 trillion constant LCU | +6.3% |
| 2008 | 198.40 trillion constant LCU | +4.7% |
| 2009 | 211.59 trillion constant LCU | +6.7% |
| 2010 | 223.56 trillion constant LCU | +5.7% |
| 2011 | 230.06 trillion constant LCU | +2.9% |
| 2012 | 240.77 trillion constant LCU | +4.7% |
| 2013 | 252.50 trillion constant LCU | +4.9% |
| 2014 | 263.46 trillion constant LCU | +4.3% |
| 2015 | 273.75 trillion constant LCU | +3.9% |
| 2016 | 285.50 trillion constant LCU | +4.3% |
| 2017 | 296.10 trillion constant LCU | +3.7% |
| 2018 | 312.23 trillion constant LCU | +5.4% |
| 2019 | 332.26 trillion constant LCU | +6.4% |
| 2020 | 349.59 trillion constant LCU | +5.2% |
| 2021 | 369.29 trillion constant LCU | +5.6% |
| 2022 | 384.24 trillion constant LCU | +4.0% |
| 2023 | 391.68 trillion constant LCU | +1.9% |
| 2024 | 400.08 trillion constant LCU | +2.1% |
| 2025 | 411.92 trillion constant LCU | +3.0% |
South Korea compared with similar countries
- South Korea's 411.92 trillion constant LCU is above the median for high income countries, which is 74.22 billion constant LCU, 5550.2× the median. (61 countries reporting)
- South Korea's 411.92 trillion constant LCU is above the median for East Asia & Pacific, which is 74.22 billion constant LCU, 5550.2× the median. (25 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 16.80 trillion constant LCU | 13.41 trillion constant LCU | 23.54 trillion constant LCU | 10 |
| 1970s | 33.27 trillion constant LCU | 25.24 trillion constant LCU | 41.59 trillion constant LCU | 10 |
| 1980s | 58.23 trillion constant LCU | 46.55 trillion constant LCU | 77.38 trillion constant LCU | 10 |
| 1990s | 105.47 trillion constant LCU | 85.41 trillion constant LCU | 126.78 trillion constant LCU | 10 |
| 2000s | 165.69 trillion constant LCU | 127.27 trillion constant LCU | 211.59 trillion constant LCU | 10 |
| 2010s | 271.02 trillion constant LCU | 223.56 trillion constant LCU | 332.26 trillion constant LCU | 10 |
| 2020s | 384.47 trillion constant LCU | 349.59 trillion constant LCU | 411.92 trillion constant LCU | 6 |
Countries ranked near South Korea
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 411.92 trillion constant LCU 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 411.92 trillion constant LCU in 2025.
- What is the lowest general government final consumption expenditure recorded in South Korea?
- The lowest recorded value was 13.41 trillion constant LCU in 1960.
- How does South Korea rank for general government final consumption expenditure?
- South Korea ranks 4th out of 176 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 LCU). 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 varies by country. This series is expressed in local currency units.