Final consumption expenditure in South Korea
South Korea: Final consumption expenditure was 1.23 trillion current US$ in 2025. ◆ Volatile
Final consumption expenditure in South Korea, 1960–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
The most recent figure for final consumption expenditure in South Korea is 1.23 trillion current US$, measured in 2025.
Compared with earlier readings it is down 0.6% on the previous year and up 24.5% over ten years.
Over the whole period, final consumption expenditure in South Korea peaked at 1.25 trillion current US$ in 2023 and was at its lowest, 2.35 billion current US$, in 1961.
South Korea ranks 15th of 187 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 3.81 billion current US$ | 2.35 billion current US$ | 6.34 billion current US$ | 10 |
| 1970s | 20.39 billion current US$ | 7.57 billion current US$ | 47.37 billion current US$ | 10 |
| 1980s | 80.07 billion current US$ | 49.38 billion current US$ | 154.80 billion current US$ | 10 |
| 1990s | 286.52 billion current US$ | 177.16 billion current US$ | 401.19 billion current US$ | 10 |
| 2000s | 576.35 billion current US$ | 379.23 billion current US$ | 805.39 billion current US$ | 10 |
| 2010s | 989.76 billion current US$ | 771.82 billion current US$ | 1.18 trillion current US$ | 10 |
| 2020s | 1.22 trillion current US$ | 1.13 trillion current US$ | 1.25 trillion current 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 1.23 trillion current US$ in 2025, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest final consumption expenditure recorded in South Korea?
- The highest recorded value was 1.25 trillion current US$ in 2023.
- What is the lowest final consumption expenditure recorded in South Korea?
- The lowest recorded value was 2.35 billion current US$ in 1961.
- How does South Korea rank for final consumption expenditure?
- South Korea ranks 15th out of 187 countries with data for 2025.
- Is final consumption expenditure rising or falling in South Korea?
- Over the last ten years it is up 24.5%. 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 Offices (NSOs), published as part of Final consumption expenditure (current US$). Statizoid updates them automatically from the source API.
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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 current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.