Share of household consumption in GDP vs. GDP per capita in Republic of Korea
Republic of Korea: Share of household consumption in GDP vs. GDP per capita was 40.6% in 2023. ▼ Falling
Latest (2023)
40.6%
Change on year
up 0.8%
World rank
165th
of 184 countries
All-time high
79.2%
in 1956
All-time low
39.8%
in 2021
Years of data
71
1953–2023
Share of household consumption in GDP vs. GDP per capita in Republic of Korea, 1953–2023
Source: Feenstra et al. - Penn World Table (2025) – with major processing by Our World in Data. Measured in % of GDP.
Analysis
The most recent figure for share of household consumption in gdp vs. gdp per capita in Republic of Korea is 40.6%, measured in 2023.
That represents a change of up 0.8% on the previous year and down 15.5% over ten years.
Over the whole period, share of household consumption in gdp vs. gdp per capita in Republic of Korea peaked at 79.2% in 1956 and was at its lowest, 39.8%, in 2021.
Republic of Korea ranks 165th of 184 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 71 years of available data.
Share of household consumption in GDP vs. GDP per capita in Republic of Korea, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1953 | 74.1% | — |
| 1954 | 75.3% | +1.6% |
| 1955 | 77.7% | +3.1% |
| 1956 | 79.2% | +1.9% |
| 1957 | 76.3% | -3.6% |
| 1958 | 75.4% | -1.2% |
| 1959 | 77.4% | +2.7% |
| 1960 | 78.7% | +1.7% |
| 1961 | 75.8% | -3.7% |
| 1962 | 77.7% | +2.4% |
| 1963 | 69.8% | -10.2% |
| 1964 | 73.8% | +5.8% |
| 1965 | 73.6% | -0.3% |
| 1966 | 68.1% | -7.5% |
| 1967 | 66.8% | -1.9% |
| 1968 | 63.8% | -4.4% |
| 1969 | 66.5% | +4.2% |
| 1970 | 67.8% | +1.9% |
| 1971 | 66.8% | -1.5% |
| 1972 | 66.4% | -0.6% |
| 1973 | 63.5% | -4.4% |
| 1974 | 62.6% | -1.4% |
| 1975 | 62.1% | -0.8% |
| 1976 | 59.9% | -3.7% |
| 1977 | 56.2% | -6.1% |
| 1978 | 54.1% | -3.8% |
| 1979 | 54.3% | +0.4% |
| 1980 | 56.6% | +4.2% |
| 1981 | 56.5% | -0.2% |
| 1982 | 56.6% | +0.2% |
| 1983 | 55.5% | -1.9% |
| 1984 | 54.7% | -1.4% |
| 1985 | 56.0% | +2.4% |
| 1986 | 52.7% | -5.9% |
| 1987 | 49.6% | -6.0% |
| 1988 | 47.5% | -4.1% |
| 1989 | 47.4% | -0.2% |
| 1990 | 47.8% | +0.9% |
| 1991 | 45.3% | -5.3% |
| 1992 | 44.9% | -0.9% |
| 1993 | 44.1% | -1.8% |
| 1994 | 42.8% | -2.8% |
| 1995 | 42.9% | +0.1% |
| 1996 | 42.1% | -1.9% |
| 1997 | 47.0% | +11.6% |
| 1998 | 49.4% | +5.2% |
| 1999 | 53.6% | +8.5% |
| 2000 | 52.5% | -2.0% |
| 2001 | 53.2% | +1.3% |
| 2002 | 52.7% | -0.9% |
| 2003 | 50.5% | -4.1% |
| 2004 | 47.8% | -5.4% |
| 2005 | 47.5% | -0.6% |
| 2006 | 47.7% | +0.4% |
| 2007 | 47.7% | -0.2% |
| 2008 | 48.8% | +2.4% |
| 2009 | 49.6% | +1.7% |
| 2010 | 48.9% | -1.3% |
| 2011 | 51.2% | +4.6% |
| 2012 | 50.9% | -0.6% |
| 2013 | 48.1% | -5.5% |
| 2014 | 46.8% | -2.7% |
| 2015 | 46.0% | -1.7% |
| 2016 | 45.6% | -0.8% |
| 2017 | 44.7% | -2.1% |
| 2018 | 43.9% | -1.7% |
| 2019 | 43.0% | -2.0% |
| 2020 | 41.0% | -4.8% |
| 2021 | 39.8% | -2.8% |
| 2022 | 40.3% | +1.1% |
| 2023 | 40.6% | +0.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1950s | 76.5% | 74.1% | 79.2% | 7 |
| 1960s | 71.5% | 63.8% | 78.7% | 10 |
| 1970s | 61.4% | 54.1% | 67.8% | 10 |
| 1980s | 53.3% | 47.4% | 56.6% | 10 |
| 1990s | 46.0% | 42.1% | 53.6% | 10 |
| 2000s | 49.8% | 47.5% | 53.2% | 10 |
| 2010s | 46.9% | 43.0% | 51.2% | 10 |
| 2020s | 40.4% | 39.8% | 41.0% | 4 |
Countries ranked near Republic of Korea
- 162 Macau, China 42.6% compare
- 163 Iraq 42.1% compare
- 164 Saudi Arabia 40.6% compare
- 166 Switzerland 40.5% compare
- 167 China 40.1% compare
- 168 United Arab Emirates 39.6% compare
More economy & growth data for Republic of Korea
- Households and NPISHs Final consumption expenditure (current LCU) 3.17 % change on previous year (2025)
- Households and NPISHs Final consumption expenditure (current LCU) 683.09 current LCU per US$ of GDP (2025)
- Households and NPISHs Final consumption expenditure (current LCU) 24.75 million current LCU per person (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 1.32 % change on previous year (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 0.4928 constant 2015 US$ per US$ of GDP (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 17,853 constant 2015 US$ per person (2025)
- Final consumption expenditure (current US$), annual growth rate -0.6167 % change on previous year (2025)
- Final consumption expenditure (current US$), per unit of GDP 0.6567 current US$ per US$ of GDP (2025)
- Final consumption expenditure (current US$), per capita 23,790 current US$ per person (2025)
- Final consumption expenditure (current LCU), annual growth rate 3.69 % change on previous year (2025)
Frequently asked questions
- What is share of household consumption in gdp vs. gdp per capita in Republic of Korea?
- Share of household consumption in gdp vs. gdp per capita in Republic of Korea was 40.6% in 2023, according to Feenstra et al. - Penn World Table (2025) – with major processing by Our World in Data.
- What is the highest share of household consumption in gdp vs. gdp per capita recorded in Republic of Korea?
- The highest recorded value was 79.2% in 1956.
- What is the lowest share of household consumption in gdp vs. gdp per capita recorded in Republic of Korea?
- The lowest recorded value was 39.8% in 2021.
- How does Republic of Korea rank for share of household consumption in gdp vs. gdp per capita?
- Republic of Korea ranks 165th out of 184 countries with data for 2023.
- Is share of household consumption in gdp vs. gdp per capita rising or falling in Republic of Korea?
- Over the last ten years it is down 15.5%. The long-run trend across the full record is falling.
- Where does this Republic of Korea data come from?
- The figures come from Feenstra et al. - Penn World Table (2025) – with major processing by Our World in Data, published as part of Share of household consumption in GDP vs. GDP per capita. Statizoid updates them automatically from the source API.
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About this data
Household consumption divided by gross domestic product, expressed as a percentage.