Price level index in Republic of Korea
Republic of Korea: Price level index was 61.87 Households and NPISHs Final consumption expenditure in 2025. ▬ Flat
Latest (2025)
61.87 Households and NPISHs Final consumption expenditure
Change on year
down 3.3%
World rank
75th
of 205 countries
All-time high
94.48 Households and NPISHs Final consumption expenditure
in 2014
All-time low
56.3 Households and NPISHs Final consumption expenditure
in 1998
Years of data
36
1990–2025
Price level index in Republic of Korea, 1990–2025
Source: World Development Indicators, World Bank (WB). Measured in Households and NPISHs Final consumption expenditure.
Analysis
The most recent figure for price level index in Republic of Korea is 61.87 Households and NPISHs Final consumption expenditure, measured in 2025.
The figure is down 3.3% on the previous year and down 27.1% over ten years.
Over the whole period, price level index in Republic of Korea peaked at 94.48 Households and NPISHs Final consumption expenditure in 2014 and was at its lowest, 56.3 Households and NPISHs Final consumption expenditure, in 1998.
Republic of Korea ranks 75th of 205 countries on this measure, in the middle of the range.
Price level index in Republic of Korea, year by year
| Year | Households and NPISHs Final consumption expenditure | Change |
|---|---|---|
| 1990 | 73.41 Households and NPISHs Final consumption expenditure | — |
| 1991 | 76.16 Households and NPISHs Final consumption expenditure | +3.7% |
| 1992 | 75.45 Households and NPISHs Final consumption expenditure | -0.9% |
| 1993 | 76.31 Households and NPISHs Final consumption expenditure | +1.1% |
| 1994 | 81.82 Households and NPISHs Final consumption expenditure | +7.2% |
| 1995 | 89.18 Households and NPISHs Final consumption expenditure | +9.0% |
| 1996 | 89.41 Households and NPISHs Final consumption expenditure | +0.3% |
| 1997 | 78.82 Households and NPISHs Final consumption expenditure | -11.8% |
| 1998 | 56.3 Households and NPISHs Final consumption expenditure | -28.6% |
| 1999 | 67.04 Households and NPISHs Final consumption expenditure | +19.1% |
| 2000 | 73.06 Households and NPISHs Final consumption expenditure | +9.0% |
| 2001 | 65.31 Households and NPISHs Final consumption expenditure | -10.6% |
| 2002 | 69.67 Households and NPISHs Final consumption expenditure | +6.7% |
| 2003 | 73.9 Households and NPISHs Final consumption expenditure | +6.1% |
| 2004 | 77.47 Households and NPISHs Final consumption expenditure | +4.8% |
| 2005 | 85.87 Households and NPISHs Final consumption expenditure | +10.8% |
| 2006 | 91.27 Households and NPISHs Final consumption expenditure | +6.3% |
| 2007 | 93.26 Households and NPISHs Final consumption expenditure | +2.2% |
| 2008 | 80.04 Households and NPISHs Final consumption expenditure | -14.2% |
| 2009 | 70.62 Households and NPISHs Final consumption expenditure | -11.8% |
| 2010 | 78.52 Households and NPISHs Final consumption expenditure | +11.2% |
| 2011 | 82.3 Households and NPISHs Final consumption expenditure | +4.8% |
| 2012 | 81.2 Households and NPISHs Final consumption expenditure | -1.3% |
| 2013 | 89.16 Households and NPISHs Final consumption expenditure | +9.8% |
| 2014 | 94.48 Households and NPISHs Final consumption expenditure | +6.0% |
| 2015 | 84.86 Households and NPISHs Final consumption expenditure | -10.2% |
| 2016 | 83.32 Households and NPISHs Final consumption expenditure | -1.8% |
| 2017 | 87.72 Households and NPISHs Final consumption expenditure | +5.3% |
| 2018 | 89.11 Households and NPISHs Final consumption expenditure | +1.6% |
| 2019 | 84.45 Households and NPISHs Final consumption expenditure | -5.2% |
| 2020 | 82.31 Households and NPISHs Final consumption expenditure | -2.5% |
| 2021 | 84.01 Households and NPISHs Final consumption expenditure | +2.1% |
| 2022 | 70 Households and NPISHs Final consumption expenditure | -16.7% |
| 2023 | 67.64 Households and NPISHs Final consumption expenditure | -3.4% |
| 2024 | 63.99 Households and NPISHs Final consumption expenditure | -5.4% |
| 2025 | 61.87 Households and NPISHs Final consumption expenditure | -3.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 76.39 Households and NPISHs Final consumption expenditure | 56.3 Households and NPISHs Final consumption expenditure | 89.41 Households and NPISHs Final consumption expenditure | 10 |
| 2000s | 78.05 Households and NPISHs Final consumption expenditure | 65.31 Households and NPISHs Final consumption expenditure | 93.26 Households and NPISHs Final consumption expenditure | 10 |
| 2010s | 85.51 Households and NPISHs Final consumption expenditure | 78.52 Households and NPISHs Final consumption expenditure | 94.48 Households and NPISHs Final consumption expenditure | 10 |
| 2020s | 71.64 Households and NPISHs Final consumption expenditure | 61.87 Households and NPISHs Final consumption expenditure | 84.01 Households and NPISHs Final consumption expenditure | 6 |
Countries ranked near Republic of Korea
- 72 Saint Vincent and the Grenadines 62.15 Households and NPISHs Final consumption expenditure compare
- 73 Maldives 62.11 Households and NPISHs Final consumption expenditure compare
- 74 Lithuania 62.11 Households and NPISHs Final consumption expenditure compare
- 76 Grenada 61.78 Households and NPISHs Final consumption expenditure compare
- 77 Jamaica 61.75 Households and NPISHs Final consumption expenditure compare
- 78 Kiribati 61.66 Households and NPISHs Final consumption expenditure compare
More economy & growth data for Republic of Korea
- Manufacturing, value added (current US$), per unit of GDP 0.2743 current US$ per US$ of GDP (2025)
- Manufacturing, value added (current US$), per capita 9,936 current US$ per person (2025)
- Manufacturing, value added (current LCU), per unit of GDP 390.12 current LCU per US$ of GDP (2025)
- Manufacturing, value added (current LCU), per capita 14.13 million current LCU per person (2025)
- Manufacturing, value added (constant 2015 US$), per unit of GDP 0.292 constant 2015 US$ per US$ of GDP (2025)
- Manufacturing, value added (constant 2015 US$), per capita 10,578 constant 2015 US$ per person (2025)
- Manufacturing, value added (constant LCU), per capita 12.06 million constant LCU per person (2025)
- Industry (including construction), value added (current US$), annual 1.1 % change on previous year (2025)
- Industry (including construction), value added (current US$), per 0.3433 current US$ per US$ of GDP (2025)
- Industry (including construction), value added (current US$), per 12,437 current US$ per person (2025)
Frequently asked questions
- What is price level index in Republic of Korea?
- Price level index in Republic of Korea was 61.87 Households and NPISHs Final consumption expenditure in 2025, according to World Development Indicators, World Bank (WB).
- What is the highest price level index recorded in Republic of Korea?
- The highest recorded value was 94.48 Households and NPISHs Final consumption expenditure in 2014.
- What is the lowest price level index recorded in Republic of Korea?
- The lowest recorded value was 56.3 Households and NPISHs Final consumption expenditure in 1998.
- How does Republic of Korea rank for price level index?
- Republic of Korea ranks 75th out of 205 countries with data for 2025.
- Is price level index rising or falling in Republic of Korea?
- Over the last ten years it is down 27.1%. The long-run trend across the full record is flat.
- Where does this Republic of Korea data come from?
- The figures come from World Development Indicators, World Bank (WB), published as part of Price level index (Households and NPISHs Final consumption expenditure). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 36 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
The price level index (PLI) is the ratio of a purchasing power parity (PPP) conversion factor to the corresponding market exchange rate between two countries, expressed relative to a base country that is set equal to 100. For this series the base country is the United States. It provides a measure of the differences in price level between the country and the United States by indicating the number of units of the common currency (US dollars) needed to buy the same volume of the aggregation level in each country. This indicator provides a measure of the differences in the price levels of countries at the level of Households and NPISHs final consumption expenditure.