General government final consumption expenditure (current US$) in South Korea
South Korea: General government final consumption expenditure (current US$) was 330.43 billion current US$ 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 current US$.
Analysis
The most recent figure for general government final consumption expenditure in South Korea is 330.43 billion current US$, measured in 2025.
Compared with earlier readings it is up 0.8% on the previous year and up 49.6% over ten years.
Over the whole period, general government final consumption expenditure in South Korea peaked at 330.67 billion current US$ in 2021 and was at its lowest, 279.28 million current US$, in 1965.
That places South Korea 15th out of 187 countries with data for 2025, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
General government final consumption expenditure (current US$) in South Korea, year by year
| Year | current US$ | Change |
|---|---|---|
| 1960 | 563.96 million current US$ | — |
| 1961 | 321.33 million current US$ | -43.0% |
| 1962 | 381.54 million current US$ | +18.7% |
| 1963 | 420.00 million current US$ | +10.1% |
| 1964 | 283.85 million current US$ | -32.4% |
| 1965 | 279.28 million current US$ | -1.6% |
| 1966 | 380.34 million current US$ | +36.2% |
| 1967 | 479.45 million current US$ | +26.1% |
| 1968 | 621.37 million current US$ | +29.6% |
| 1969 | 761.73 million current US$ | +22.6% |
| 1970 | 890.98 million current US$ | +17.0% |
| 1971 | 1.01 billion current US$ | +13.2% |
| 1972 | 1.14 billion current US$ | +12.8% |
| 1973 | 1.23 billion current US$ | +8.4% |
| 1974 | 1.88 billion current US$ | +52.3% |
| 1975 | 2.42 billion current US$ | +28.7% |
| 1976 | 3.23 billion current US$ | +33.8% |
| 1977 | 4.12 billion current US$ | +27.4% |
| 1978 | 5.15 billion current US$ | +25.0% |
| 1979 | 6.56 billion current US$ | +27.3% |
| 1980 | 7.74 billion current US$ | +18.0% |
| 1981 | 8.72 billion current US$ | +12.6% |
| 1982 | 9.16 billion current US$ | +5.1% |
| 1983 | 9.69 billion current US$ | +5.8% |
| 1984 | 10.21 billion current US$ | +5.3% |
| 1985 | 10.65 billion current US$ | +4.4% |
| 1986 | 11.90 billion current US$ | +11.7% |
| 1987 | 14.70 billion current US$ | +23.5% |
| 1988 | 19.71 billion current US$ | +34.1% |
| 1989 | 26.43 billion current US$ | +34.1% |
| 1990 | 30.98 billion current US$ | +17.2% |
| 1991 | 35.36 billion current US$ | +14.1% |
| 1992 | 39.20 billion current US$ | +10.9% |
| 1993 | 42.17 billion current US$ | +7.6% |
| 1994 | 47.67 billion current US$ | +13.0% |
| 1995 | 57.12 billion current US$ | +19.8% |
| 1996 | 63.82 billion current US$ | +11.7% |
| 1997 | 58.69 billion current US$ | -8.0% |
| 1998 | 44.15 billion current US$ | -24.8% |
| 1999 | 55.57 billion current US$ | +25.8% |
| 2000 | 63.13 billion current US$ | +13.6% |
| 2001 | 64.42 billion current US$ | +2.0% |
| 2002 | 73.56 billion current US$ | +14.2% |
| 2003 | 85.18 billion current US$ | +15.8% |
| 2004 | 97.85 billion current US$ | +14.9% |
| 2005 | 119.86 billion current US$ | +22.5% |
| 2006 | 140.25 billion current US$ | +17.0% |
| 2007 | 156.59 billion current US$ | +11.6% |
| 2008 | 145.92 billion current US$ | -6.8% |
| 2009 | 137.19 billion current US$ | -6.0% |
| 2010 | 161.08 billion current US$ | +17.4% |
| 2011 | 179.18 billion current US$ | +11.2% |
| 2012 | 186.98 billion current US$ | +4.4% |
| 2013 | 204.58 billion current US$ | +9.4% |
| 2014 | 225.46 billion current US$ | +10.2% |
| 2015 | 220.82 billion current US$ | -2.1% |
| 2016 | 228.05 billion current US$ | +3.3% |
| 2017 | 249.25 billion current US$ | +9.3% |
| 2018 | 276.20 billion current US$ | +10.8% |
| 2019 | 281.27 billion current US$ | +1.8% |
| 2020 | 296.19 billion current US$ | +5.3% |
| 2021 | 330.67 billion current US$ | +11.6% |
| 2022 | 317.37 billion current US$ | -4.0% |
| 2023 | 327.92 billion current US$ | +3.3% |
| 2024 | 327.90 billion current US$ | -0.0% |
| 2025 | 330.43 billion current US$ | +0.8% |
South Korea compared with similar countries
- South Korea's 330.43 billion current US$ is above the median for high income countries, which is 41.50 billion current US$, 8.0× the median. (67 countries reporting)
- South Korea's 330.43 billion current US$ is above the median for East Asia & Pacific, which is 3.58 billion current US$, 92.3× the median. (29 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 449.29 million current US$ | 279.28 million current US$ | 761.73 million current US$ | 10 |
| 1970s | 2.76 billion current US$ | 890.98 million current US$ | 6.56 billion current US$ | 10 |
| 1980s | 12.89 billion current US$ | 7.74 billion current US$ | 26.43 billion current US$ | 10 |
| 1990s | 47.47 billion current US$ | 30.98 billion current US$ | 63.82 billion current US$ | 10 |
| 2000s | 108.40 billion current US$ | 63.13 billion current US$ | 156.59 billion current US$ | 10 |
| 2010s | 221.29 billion current US$ | 161.08 billion current US$ | 281.27 billion current US$ | 10 |
| 2020s | 321.75 billion current US$ | 296.19 billion current US$ | 330.67 billion current US$ | 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 330.43 billion current 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 330.67 billion current US$ in 2021.
- What is the lowest general government final consumption expenditure recorded in South Korea?
- The lowest recorded value was 279.28 million current US$ in 1965.
- How does South Korea rank for general government final consumption expenditure?
- South Korea ranks 15th out of 187 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 49.6%. 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 (current 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 current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.