General government final consumption … current rate annual growth in South Korea
South Korea: General government final consumption … current rate annual growth was 5.14 % change on previous year in 2025. ◆ Volatile
General government final consumption expenditure (current LCU) in South Korea, 1961–2025
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
South Korea recorded 5.14 % change on previous year for general government final consumption expenditure (current lcu) in 2025.
The figure is up 16.3% on the previous year and down 1.5% over ten years.
Over the whole period, general government final consumption expenditure (current lcu) in South Korea peaked at 54.64 % change on previous year in 1974 and was at its lowest, 4.42 % change on previous year, in 2024.
That places South Korea 121st out of 185 countries with data for 2025, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
General government final consumption … current rate annual growth in South Korea, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1961 | 12.64 % change on previous year | — |
| 1962 | 23.69 % change on previous year | +87.4% |
| 1963 | 10.08 % change on previous year | -57.4% |
| 1964 | 11.17 % change on previous year | +10.8% |
| 1965 | 22.57 % change on previous year | +102.0% |
| 1966 | 38.71 % change on previous year | +71.5% |
| 1967 | 25.68 % change on previous year | -33.7% |
| 1968 | 32.54 % change on previous year | +26.7% |
| 1969 | 27.69 % change on previous year | -14.9% |
| 1970 | 26.06 % change on previous year | -5.9% |
| 1971 | 26.49 % change on previous year | +1.7% |
| 1972 | 27.66 % change on previous year | +4.4% |
| 1973 | 9.89 % change on previous year | -64.2% |
| 1974 | 54.64 % change on previous year | +452.4% |
| 1975 | 54 % change on previous year | -1.2% |
| 1976 | 33.84 % change on previous year | -37.3% |
| 1977 | 27.37 % change on previous year | -19.1% |
| 1978 | 25.03 % change on previous year | -8.6% |
| 1979 | 27.32 % change on previous year | +9.2% |
| 1980 | 48.15 % change on previous year | +76.2% |
| 1981 | 26.28 % change on previous year | -45.4% |
| 1982 | 12.82 % change on previous year | -51.2% |
| 1983 | 12.23 % change on previous year | -4.6% |
| 1984 | 9.43 % change on previous year | -22.9% |
| 1985 | 12.67 % change on previous year | +34.4% |
| 1986 | 13.21 % change on previous year | +4.3% |
| 1987 | 15.21 % change on previous year | +15.1% |
| 1988 | 19.26 % change on previous year | +26.6% |
| 1989 | 23.1 % change on previous year | +20.0% |
| 1990 | 23.56 % change on previous year | +2.0% |
| 1991 | 18.26 % change on previous year | -22.5% |
| 1992 | 18.02 % change on previous year | -1.4% |
| 1993 | 10.61 % change on previous year | -41.1% |
| 1994 | 13.14 % change on previous year | +23.9% |
| 1995 | 15.04 % change on previous year | +14.4% |
| 1996 | 16.52 % change on previous year | +9.9% |
| 1997 | 8.76 % change on previous year | -47.0% |
| 1998 | 10.83 % change on previous year | +23.7% |
| 1999 | 6.75 % change on previous year | -37.6% |
| 2000 | 8.08 % change on previous year | +19.6% |
| 2001 | 16.49 % change on previous year | +104.1% |
| 2002 | 10.66 % change on previous year | -35.3% |
| 2003 | 10.29 % change on previous year | -3.5% |
| 2004 | 10.41 % change on previous year | +1.1% |
| 2005 | 9.53 % change on previous year | -8.4% |
| 2006 | 9.1 % change on previous year | -4.6% |
| 2007 | 8.66 % change on previous year | -4.7% |
| 2008 | 10.51 % change on previous year | +21.4% |
| 2009 | 8.93 % change on previous year | -15.0% |
| 2010 | 6.34 % change on previous year | -29.1% |
| 2011 | 6.6 % change on previous year | +4.1% |
| 2012 | 6.1 % change on previous year | -7.5% |
| 2013 | 6.32 % change on previous year | +3.6% |
| 2014 | 5.96 % change on previous year | -5.7% |
| 2015 | 5.21 % change on previous year | -12.6% |
| 2016 | 6 % change on previous year | +15.1% |
| 2017 | 6.49 % change on previous year | +8.2% |
| 2018 | 7.79 % change on previous year | +20.0% |
| 2019 | 7.87 % change on previous year | +1.0% |
| 2020 | 6.65 % change on previous year | -15.5% |
| 2021 | 8.2 % change on previous year | +23.3% |
| 2022 | 8.35 % change on previous year | +1.8% |
| 2023 | 4.46 % change on previous year | -46.6% |
| 2024 | 4.42 % change on previous year | -1.0% |
| 2025 | 5.14 % change on previous year | +16.3% |
South Korea compared with similar countries
- South Korea's 5.14 % change on previous year is above the median for high income countries, which is 5.1 % change on previous year, 1.0× the median. (67 countries reporting)
- South Korea's 5.14 % change on previous year is above the median for East Asia & Pacific, which is 3.5 % change on previous year, 1.5× the median. (29 countries reporting)
Biggest year-on-year movements
Years where General government final consumption … current rate annual growth in South Korea changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1974 | +452.4% | 9.89 % change on previous year | 54.64 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 22.75 % change on previous year | 10.08 % change on previous year | 38.71 % change on previous year | 9 |
| 1970s | 31.23 % change on previous year | 9.89 % change on previous year | 54.64 % change on previous year | 10 |
| 1980s | 19.24 % change on previous year | 9.43 % change on previous year | 48.15 % change on previous year | 10 |
| 1990s | 14.15 % change on previous year | 6.75 % change on previous year | 23.56 % change on previous year | 10 |
| 2000s | 10.27 % change on previous year | 8.08 % change on previous year | 16.49 % change on previous year | 10 |
| 2010s | 6.47 % change on previous year | 5.21 % change on previous year | 7.87 % change on previous year | 10 |
| 2020s | 6.2 % change on previous year | 4.42 % change on previous year | 8.35 % change on previous year | 6 |
Countries ranked near South Korea
- 118 Spain 5.25 % change on previous year compare
- 119 Singapore 5.18 % change on previous year compare
- 120 Burkina Faso 5.14 % change on previous year compare
- 122 United States Virgin Islands 5.1 % change on previous year compare
- 123 Norway 4.9 % change on previous year compare
- 124 Nicaragua 4.73 % change on previous year compare
More economy & growth data for South Korea
- Real gdp growth, annual growth rate -49.75 % change on previous year (2025)
- 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)
Frequently asked questions
- What is general government final consumption expenditure (current lcu) in South Korea?
- General government final consumption expenditure (current lcu) in South Korea was 5.14 % change on previous year in 2025, according to Statizoid (derived).
- What is the highest general government final consumption expenditure (current lcu) recorded in South Korea?
- The highest recorded value was 54.64 % change on previous year in 1974.
- What is the lowest general government final consumption expenditure (current lcu) recorded in South Korea?
- The lowest recorded value was 4.42 % change on previous year in 2024.
- How does South Korea rank for general government final consumption expenditure (current lcu)?
- South Korea ranks 121st out of 185 countries with data for 2025.
- Is general government final consumption expenditure (current lcu) rising or falling in South Korea?
- Over the last ten years it is down 1.5%. The long-run trend across the full record is volatile.
- Where does this South Korea data come from?
- The figures come from Statizoid (derived), published as part of General government final consumption expenditure (current LCU), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 65 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in General government final consumption expenditure (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- General government final consumption expenditure Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in General government final consumption expenditure (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.