Gross national expenditure in Republic of Korea
Republic of Korea: Gross national expenditure was 94.8% in 2025. ▼ Falling
Gross national expenditure in Republic of Korea, 1960–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
The most recent figure for gross national expenditure in Republic of Korea is 94.8%, measured in 2025.
That represents a change of down 1.2% on the previous year and up 1.4% over ten years.
Over the whole period, gross national expenditure in Republic of Korea peaked at 112.6% in 1968 and was at its lowest, 89.7%, in 1998.
That places Republic of Korea 146th out of 186 countries with data for 2025, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 66 years of available data.
Gross national expenditure in Republic of Korea, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1960 | 109.6% | — |
| 1961 | 109.8% | +0.1% |
| 1962 | 110.8% | +0.9% |
| 1963 | 109.9% | -0.8% |
| 1964 | 106.5% | -3.1% |
| 1965 | 107.1% | +0.6% |
| 1966 | 109.8% | +2.6% |
| 1967 | 111.0% | +1.0% |
| 1968 | 112.6% | +1.5% |
| 1969 | 111.9% | -0.7% |
| 1970 | 109.8% | -1.9% |
| 1971 | 110.5% | +0.6% |
| 1972 | 104.7% | -5.2% |
| 1973 | 103.7% | -1.0% |
| 1974 | 110.9% | +7.0% |
| 1975 | 108.6% | -2.0% |
| 1976 | 102.8% | -5.3% |
| 1977 | 101.8% | -1.0% |
| 1978 | 104.2% | +2.4% |
| 1979 | 107.2% | +2.9% |
| 1980 | 108.7% | +1.4% |
| 1981 | 107.3% | -1.3% |
| 1982 | 105.6% | -1.6% |
| 1983 | 102.3% | -3.1% |
| 1984 | 99.6% | -2.6% |
| 1985 | 99.1% | -0.5% |
| 1986 | 96.4% | -2.7% |
| 1987 | 93.7% | -2.9% |
| 1988 | 94.0% | +0.3% |
| 1989 | 98.3% | +4.6% |
| 1990 | 100.8% | +2.5% |
| 1991 | 102.3% | +1.4% |
| 1992 | 100.6% | -1.6% |
| 1993 | 99.6% | -1.1% |
| 1994 | 100.7% | +1.1% |
| 1995 | 101.2% | +0.5% |
| 1996 | 103.3% | +2.1% |
| 1997 | 100.9% | -2.3% |
| 1998 | 89.7% | -11.1% |
| 1999 | 94.7% | +5.6% |
| 2000 | 98.2% | +3.7% |
| 2001 | 98.7% | +0.5% |
| 2002 | 98.9% | +0.2% |
| 2003 | 98.5% | -0.4% |
| 2004 | 96.6% | -1.9% |
| 2005 | 97.9% | +1.3% |
| 2006 | 99.4% | +1.6% |
| 2007 | 99.2% | -0.2% |
| 2008 | 100.4% | +1.2% |
| 2009 | 96.1% | -4.3% |
| 2010 | 97.5% | +1.5% |
| 2011 | 99.1% | +1.7% |
| 2012 | 97.5% | -1.7% |
| 2013 | 95.7% | -1.8% |
| 2014 | 95.4% | -0.4% |
| 2015 | 93.5% | -2.0% |
| 2016 | 93.7% | +0.2% |
| 2017 | 95.5% | +1.9% |
| 2018 | 95.8% | +0.3% |
| 2019 | 97.4% | +1.6% |
| 2020 | 96.3% | -1.1% |
| 2021 | 96.6% | +0.3% |
| 2022 | 100.0% | +3.5% |
| 2023 | 99.6% | -0.4% |
| 2024 | 95.9% | -3.7% |
| 2025 | 94.8% | -1.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 109.9% | 106.5% | 112.6% | 10 |
| 1970s | 106.4% | 101.8% | 110.9% | 10 |
| 1980s | 100.5% | 93.7% | 108.7% | 10 |
| 1990s | 99.4% | 89.7% | 103.3% | 10 |
| 2000s | 98.4% | 96.1% | 100.4% | 10 |
| 2010s | 96.1% | 93.5% | 99.1% | 10 |
| 2020s | 97.2% | 94.8% | 100.0% | 6 |
Countries ranked near Republic of Korea
More economy & growth data for Republic of Korea
- Gross capital formation (current US$), annual growth rate -2.97 % change on previous year (2025)
- Gross capital formation (current US$), per unit of GDP 0.2913 current US$ per US$ of GDP (2025)
- Gross capital formation (current US$), per capita 10,553 current US$ per person (2025)
- Gross capital formation (current LCU), annual growth rate 1.24 % change on previous year (2025)
- Gross capital formation (current LCU), per unit of GDP 414.37 current LCU per US$ of GDP (2025)
- Gross capital formation (current LCU), per capita 15.01 million current LCU per person (2025)
- Gross capital formation (constant 2015 US$), annual growth rate -1.74 % change on previous year (2025)
- Gross capital formation (constant 2015 US$), per unit of GDP 0.2815 constant 2015 US$ per US$ of GDP (2025)
- Gross capital formation (constant 2015 US$), per capita 10,198 constant 2015 US$ per person (2025)
- Imports of goods and services (current US$), annual growth rate 0.6183 % 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 94.8% 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 112.6% in 1968.
- What is the lowest gross national expenditure recorded in Republic of Korea?
- The lowest recorded value was 89.7% in 1998.
- How does Republic of Korea rank for gross national expenditure?
- Republic of Korea ranks 146th out of 186 countries with data for 2025.
- Is gross national expenditure rising or falling in Republic of Korea?
- Over the last ten years it is up 1.4%. The long-run trend across the full record is falling.
- 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 (% of GDP). 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.