Final consumption expenditure in South Korea
South Korea: Final consumption expenditure was 1.26 trillion constant 2015 US$ in 2025. ◆ Volatile
Final consumption expenditure in South Korea, 1960–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant 2015 US$.
Analysis
In 2025, final consumption expenditure in South Korea stood at 1.26 trillion constant 2015 US$. That is the highest value across all 66 years on record.
The figure is up 1.8% on the previous year and up 27.2% over ten years.
Over the whole period, final consumption expenditure in South Korea peaked at 1.26 trillion constant 2015 US$ in 2025 and was at its lowest, 35.75 billion constant 2015 US$, in 1960.
South Korea ranks 12th of 171 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 48.41 billion constant 2015 US$ | 35.75 billion constant 2015 US$ | 68.49 billion constant 2015 US$ | 10 |
| 1970s | 107.20 billion constant 2015 US$ | 75.57 billion constant 2015 US$ | 144.98 billion constant 2015 US$ | 10 |
| 1980s | 208.04 billion constant 2015 US$ | 147.33 billion constant 2015 US$ | 296.18 billion constant 2015 US$ | 10 |
| 1990s | 445.90 billion constant 2015 US$ | 326.13 billion constant 2015 US$ | 540.32 billion constant 2015 US$ | 10 |
| 2000s | 712.48 billion constant 2015 US$ | 581.25 billion constant 2015 US$ | 826.47 billion constant 2015 US$ | 10 |
| 2010s | 983.40 billion constant 2015 US$ | 865.50 billion constant 2015 US$ | 1.12 trillion constant 2015 US$ | 10 |
| 2020s | 1.19 trillion constant 2015 US$ | 1.10 trillion constant 2015 US$ | 1.26 trillion constant 2015 US$ | 6 |
Countries ranked near South Korea
More economy & growth data for South Korea
- DEC alternative conversion factor 1,422 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) -6.93 trillion current LCU (2025)
- Net secondary income (Net current transfers from abroad) -4.87 billion current US$ (2025)
- Taxes less subsidies on products 185.85 trillion current LCU (2025)
- Taxes less subsidies on products 130.66 billion current US$ (2025)
- Net primary income (Net income from abroad) 45.76 trillion current LCU (2025)
- Net primary income (Net income from abroad) 32.17 billion current US$ (2025)
- GNI per capita 52.42 million current LCU (2025)
- GNI per capita, Atlas method 37,880 current US$ (2025)
- GNI 2,709.10 trillion current LCU (2025)
Frequently asked questions
- What is final consumption expenditure in South Korea?
- Final consumption expenditure in South Korea was 1.26 trillion constant 2015 US$ in 2025, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest final consumption expenditure recorded in South Korea?
- The highest recorded value was 1.26 trillion constant 2015 US$ in 2025.
- What is the lowest final consumption expenditure recorded in South Korea?
- The lowest recorded value was 35.75 billion constant 2015 US$ in 1960.
- How does South Korea rank for final consumption expenditure?
- South Korea ranks 12th out of 171 countries with data for 2025.
- Is final consumption expenditure rising or falling in South Korea?
- Over the last ten years it is up 27.2%. 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 Final consumption expenditure (constant 2015 US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 66 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Final consumption expenditure is expenditure on goods and services by resident institutional units for the direct satisfaction of human needs or wants, whether individual or collective. Final consumption expenditure can be measured for households, general government, the central bank and non-profit institutions serving households. 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.