Gross national expenditure in Republic of Korea
Republic of Korea: Gross national expenditure 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 162 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 Republic of Korea, 1960–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant 2015 US$.
Analysis
The most recent figure for gross national expenditure in Republic of Korea is 1.78 trillion constant 2015 US$, 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 Republic of Korea peaked at 1.78 trillion constant 2015 US$ in 2025 and was at its lowest, 37.75 billion constant 2015 US$, in 1960.
That places Republic of Korea 11th out of 162 countries with data for 2025, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Gross national expenditure in Republic of Korea, year by year
| Year | constant 2015 US$ | 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% |
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 Republic of Korea
- 8 Brazil 2.08 trillion constant 2015 US$ compare
- 9 Italy 2.02 trillion constant 2015 US$ compare
- 10 Canada 1.95 trillion constant 2015 US$ compare
- 12 Russian Federation 1.69 trillion constant 2015 US$ compare
- 13 Mexico 1.44 trillion constant 2015 US$ compare
- 14 Spain 1.42 trillion 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$), annual 18.84 % change on previous year (2025)
Frequently asked questions
- What is gross national expenditure in Republic of Korea?
- Gross national expenditure in Republic of Korea was 1.78 trillion constant 2015 US$ in 2025, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross national expenditure recorded in Republic of Korea?
- The highest recorded value was 1.78 trillion constant 2015 US$ in 2025.
- What is the lowest gross national expenditure recorded in Republic of Korea?
- The lowest recorded value was 37.75 billion constant 2015 US$ in 1960.
- How does Republic of Korea rank for gross national expenditure?
- Republic of Korea ranks 11th out of 162 countries with data for 2025.
- Is gross national expenditure rising or falling in Republic of Korea?
- Over the last ten years it is up 24.0%. 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 Gross national expenditure (constant 2015 US$). Statizoid updates them automatically from the source API.
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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.