Gross national expenditure (constant 2015 US$) in South Korea
South Korea: Gross national expenditure (constant 2015 US$) was 1.78 trillion constant 2015 US$ in 2025. ◆ Volatile
Latest (2025)
1.78 trillion constant 2015 US$
Change on year
up 0.7%
World rank
11th
of 163 countries
All-time high
1.78 trillion constant 2015 US$
in 2025
All-time low
37.75 billion constant 2015 US$
in 1960
Years of data
66
1960–2025
Gross national expenditure in South Korea, 1960–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant 2015 US$.
Analysis
The most recent figure for gross national expenditure in South Korea is 1.78 trillion constant 2015 US$, measured in 2025. That is the highest value across all 66 years on record.
Compared with earlier readings it is up 0.7% on the previous year and up 24.0% over ten years.
Over the whole period, gross national expenditure in South Korea peaked at 1.78 trillion constant 2015 US$ in 2025 and was at its lowest, 37.75 billion constant 2015 US$, in 1960.
That places South Korea 11th out of 163 countries with data for 2025, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Gross national expenditure (constant 2015 US$) in South Korea, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 1960 | 37.75 billion constant 2015 US$ | — |
| 1961 | 39.09 billion constant 2015 US$ | +3.6% |
| 1962 | 42.28 billion constant 2015 US$ | +8.2% |
| 1963 | 45.42 billion constant 2015 US$ | +7.4% |
| 1964 | 48.12 billion constant 2015 US$ | +6.0% |
| 1965 | 51.41 billion constant 2015 US$ | +6.8% |
| 1966 | 57.03 billion constant 2015 US$ | +10.9% |
| 1967 | 62.73 billion constant 2015 US$ | +10.0% |
| 1968 | 71.30 billion constant 2015 US$ | +13.7% |
| 1969 | 80.60 billion constant 2015 US$ | +13.0% |
| 1970 | 87.89 billion constant 2015 US$ | +9.0% |
| 1971 | 97.06 billion constant 2015 US$ | +10.4% |
| 1972 | 100.31 billion constant 2015 US$ | +3.3% |
| 1973 | 111.61 billion constant 2015 US$ | +11.3% |
| 1974 | 123.95 billion constant 2015 US$ | +11.1% |
| 1975 | 130.04 billion constant 2015 US$ | +4.9% |
| 1976 | 142.77 billion constant 2015 US$ | +9.8% |
| 1977 | 157.55 billion constant 2015 US$ | +10.4% |
| 1978 | 178.27 billion constant 2015 US$ | +13.1% |
| 1979 | 197.06 billion constant 2015 US$ | +10.5% |
| 1980 | 191.78 billion constant 2015 US$ | -2.7% |
| 1981 | 201.62 billion constant 2015 US$ | +5.1% |
| 1982 | 216.84 billion constant 2015 US$ | +7.5% |
| 1983 | 238.67 billion constant 2015 US$ | +10.1% |
| 1984 | 257.83 billion constant 2015 US$ | +8.0% |
| 1985 | 275.78 billion constant 2015 US$ | +7.0% |
| 1986 | 304.50 billion constant 2015 US$ | +10.4% |
| 1987 | 335.28 billion constant 2015 US$ | +10.1% |
| 1988 | 375.86 billion constant 2015 US$ | +12.1% |
| 1989 | 423.42 billion constant 2015 US$ | +12.7% |
| 1990 | 473.24 billion constant 2015 US$ | +11.8% |
| 1991 | 529.07 billion constant 2015 US$ | +11.8% |
| 1992 | 556.01 billion constant 2015 US$ | +5.1% |
| 1993 | 591.09 billion constant 2015 US$ | +6.3% |
| 1994 | 652.59 billion constant 2015 US$ | +10.4% |
| 1995 | 715.75 billion constant 2015 US$ | +9.7% |
| 1996 | 779.51 billion constant 2015 US$ | +8.9% |
| 1997 | 798.91 billion constant 2015 US$ | +2.5% |
| 1998 | 679.19 billion constant 2015 US$ | -15.0% |
| 1999 | 782.07 billion constant 2015 US$ | +15.1% |
| 2000 | 858.62 billion constant 2015 US$ | +9.8% |
| 2001 | 896.72 billion constant 2015 US$ | +4.4% |
| 2002 | 972.63 billion constant 2015 US$ | +8.5% |
| 2003 | 993.41 billion constant 2015 US$ | +2.1% |
| 2004 | 1.01 trillion constant 2015 US$ | +2.1% |
| 2005 | 1.06 trillion constant 2015 US$ | +4.3% |
| 2006 | 1.11 trillion constant 2015 US$ | +5.1% |
| 2007 | 1.17 trillion constant 2015 US$ | +5.3% |
| 2008 | 1.19 trillion constant 2015 US$ | +1.4% |
| 2009 | 1.17 trillion constant 2015 US$ | -1.7% |
| 2010 | 1.27 trillion constant 2015 US$ | +8.5% |
| 2011 | 1.31 trillion constant 2015 US$ | +3.0% |
| 2012 | 1.32 trillion constant 2015 US$ | +0.8% |
| 2013 | 1.34 trillion constant 2015 US$ | +2.2% |
| 2014 | 1.38 trillion constant 2015 US$ | +2.9% |
| 2015 | 1.44 trillion constant 2015 US$ | +4.0% |
| 2016 | 1.50 trillion constant 2015 US$ | +4.3% |
| 2017 | 1.58 trillion constant 2015 US$ | +5.4% |
| 2018 | 1.62 trillion constant 2015 US$ | +2.4% |
| 2019 | 1.65 trillion constant 2015 US$ | +1.8% |
| 2020 | 1.63 trillion constant 2015 US$ | -1.3% |
| 2021 | 1.69 trillion constant 2015 US$ | +4.2% |
| 2022 | 1.74 trillion constant 2015 US$ | +2.8% |
| 2023 | 1.77 trillion constant 2015 US$ | +1.4% |
| 2024 | 1.77 trillion constant 2015 US$ | +0.2% |
| 2025 | 1.78 trillion constant 2015 US$ | +0.7% |
South Korea compared with similar countries
- South Korea's 1.78 trillion constant 2015 US$ is above the median for high income countries, which is 222.30 billion constant 2015 US$, 8.0× the median. (58 countries reporting)
- South Korea's 1.78 trillion constant 2015 US$ is above the median for East Asia & Pacific, which is 24.21 billion constant 2015 US$, 73.6× the median. (22 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 53.57 billion constant 2015 US$ | 37.75 billion constant 2015 US$ | 80.60 billion constant 2015 US$ | 10 |
| 1970s | 132.65 billion constant 2015 US$ | 87.89 billion constant 2015 US$ | 197.06 billion constant 2015 US$ | 10 |
| 1980s | 282.16 billion constant 2015 US$ | 191.78 billion constant 2015 US$ | 423.42 billion constant 2015 US$ | 10 |
| 1990s | 655.74 billion constant 2015 US$ | 473.24 billion constant 2015 US$ | 798.91 billion constant 2015 US$ | 10 |
| 2000s | 1.04 trillion constant 2015 US$ | 858.62 billion constant 2015 US$ | 1.19 trillion constant 2015 US$ | 10 |
| 2010s | 1.44 trillion constant 2015 US$ | 1.27 trillion constant 2015 US$ | 1.65 trillion constant 2015 US$ | 10 |
| 2020s | 1.73 trillion constant 2015 US$ | 1.63 trillion constant 2015 US$ | 1.78 trillion constant 2015 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 gross national expenditure in South Korea?
- Gross national expenditure in South Korea was 1.78 trillion constant 2015 US$ in 2025, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross national expenditure recorded in South Korea?
- The highest recorded value was 1.78 trillion constant 2015 US$ in 2025.
- What is the lowest gross national expenditure recorded in South Korea?
- The lowest recorded value was 37.75 billion constant 2015 US$ in 1960.
- How does South Korea rank for gross national expenditure?
- South Korea ranks 11th out of 163 countries with data for 2025.
- Is gross national expenditure rising or falling in South Korea?
- Over the last ten years it is up 24.0%. 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 Gross national expenditure (constant 2015 US$). Statizoid updates them automatically from the source API.
Download this data
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About this data
Gross national expenditure is the sum of household final consumption expenditure, general government final consumption expenditure, and gross 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.