Korea - General government final consumption expenditure
General government final consumption expenditure (current US$)
The latest value for General government final consumption expenditure (current US$) in Korea was $295,800,000,000 as of 2020. Over the past 60 years, the value for this indicator has fluctuated between $295,800,000,000 in 2020 and $279,316,800 in 1965.
Definition: General government final consumption expenditure (formerly general government consumption) includes all government current expenditures for purchases of goods and services (including compensation of employees). It also includes most expenditures on national defense and security, but excludes government military expenditures that are part of government capital formation. Data are in current U.S. dollars.
Source: World Bank national accounts data, and OECD National Accounts data files.
See also:
| Year | Value |
|---|---|
| 1960 | $563,486,900 |
| 1961 | $320,936,100 |
| 1962 | $381,770,700 |
| 1963 | $420,232,400 |
| 1964 | $283,896,000 |
| 1965 | $279,316,800 |
| 1966 | $380,224,100 |
| 1967 | $479,373,100 |
| 1968 | $621,290,400 |
| 1969 | $761,556,100 |
| 1970 | $890,971,100 |
| 1971 | $1,008,210,000 |
| 1972 | $1,137,214,000 |
| 1973 | $1,232,677,000 |
| 1974 | $1,877,272,000 |
| 1975 | $2,415,909,000 |
| 1976 | $3,230,992,000 |
| 1977 | $4,108,884,000 |
| 1978 | $5,151,447,000 |
| 1979 | $6,580,785,000 |
| 1980 | $7,786,082,000 |
| 1981 | $8,804,311,000 |
| 1982 | $9,233,053,000 |
| 1983 | $9,757,009,000 |
| 1984 | $10,291,200,000 |
| 1985 | $10,754,120,000 |
| 1986 | $11,992,400,000 |
| 1987 | $14,772,480,000 |
| 1988 | $19,789,600,000 |
| 1989 | $26,558,690,000 |
| 1990 | $31,095,570,000 |
| 1991 | $35,553,960,000 |
| 1992 | $39,323,130,000 |
| 1993 | $42,207,510,000 |
| 1994 | $47,638,930,000 |
| 1995 | $56,881,380,000 |
| 1996 | $63,395,610,000 |
| 1997 | $58,173,530,000 |
| 1998 | $43,711,250,000 |
| 1999 | $55,106,660,000 |
| 2000 | $62,803,460,000 |
| 2001 | $64,377,490,000 |
| 2002 | $73,648,980,000 |
| 2003 | $85,394,550,000 |
| 2004 | $98,253,150,000 |
| 2005 | $120,249,000,000 |
| 2006 | $140,822,000,000 |
| 2007 | $157,633,000,000 |
| 2008 | $147,136,000,000 |
| 2009 | $138,388,000,000 |
| 2010 | $162,513,000,000 |
| 2011 | $180,121,000,000 |
| 2012 | $187,748,000,000 |
| 2013 | $205,298,000,000 |
| 2014 | $225,991,000,000 |
| 2015 | $221,090,000,000 |
| 2016 | $228,617,000,000 |
| 2017 | $250,389,000,000 |
| 2018 | $276,868,000,000 |
| 2019 | $282,028,000,000 |
| 2020 | $295,800,000,000 |
General government final consumption expenditure (current LCU)
The value for General government final consumption expenditure (current LCU) in Korea was 349,123,000,000,000 as of 2020. As the graph below shows, over the past 60 years this indicator reached a maximum value of 349,123,000,000,000 in 2020 and a minimum value of 35,570,000,000 in 1960.
Definition: General government final consumption expenditure (formerly general government consumption) includes all government current expenditures for purchases of goods and services (including compensation of employees). It also includes most expenditures on national defense and security, but excludes government military expenditures that are part of government capital formation. Data are in current local currency.
Source: World Bank national accounts data, and OECD National Accounts data files.
| Year | Value |
|---|---|
| 1960 | 35,570,000,000 |
| 1961 | 40,050,000,000 |
| 1962 | 49,630,000,000 |
| 1963 | 54,630,000,000 |
| 1964 | 60,710,000,000 |
| 1965 | 74,410,000,000 |
| 1966 | 103,170,000,000 |
| 1967 | 129,680,000,000 |
| 1968 | 171,880,000,000 |
| 1969 | 219,450,000,000 |
| 1970 | 276,700,000,000 |
| 1971 | 350,000,000,000 |
| 1972 | 446,800,000,000 |
| 1973 | 491,000,000,000 |
| 1974 | 759,300,000,000 |
| 1975 | 1,169,300,000,000 |
| 1976 | 1,563,800,000,000 |
| 1977 | 1,988,700,000,000 |
| 1978 | 2,493,300,000,000 |
| 1979 | 3,185,100,000,000 |
| 1980 | 4,729,500,000,000 |
| 1981 | 5,996,000,000,000 |
| 1982 | 6,750,100,000,000 |
| 1983 | 7,569,000,000,000 |
| 1984 | 8,294,500,000,000 |
| 1985 | 9,356,300,000,000 |
| 1986 | 10,570,700,000,000 |
| 1987 | 12,151,400,000,000 |
| 1988 | 14,475,500,000,000 |
| 1989 | 17,833,100,000,000 |
| 1990 | 22,008,200,000,000 |
| 1991 | 26,073,500,000,000 |
| 1992 | 30,697,600,000,000 |
| 1993 | 33,878,700,000,000 |
| 1994 | 38,275,500,000,000 |
| 1995 | 43,870,900,000,000 |
| 1996 | 50,998,600,000,000 |
| 1997 | 55,339,900,000,000 |
| 1998 | 61,258,700,000,000 |
| 1999 | 65,511,900,000,000 |
| 2000 | 71,028,200,000,000 |
| 2001 | 83,110,700,000,000 |
| 2002 | 92,141,500,000,000 |
| 2003 | 101,757,000,000,000 |
| 2004 | 112,531,000,000,000 |
| 2005 | 123,149,000,000,000 |
| 2006 | 134,455,000,000,000 |
| 2007 | 146,482,000,000,000 |
| 2008 | 162,151,000,000,000 |
| 2009 | 176,712,000,000,000 |
| 2010 | 187,875,000,000,000 |
| 2011 | 199,627,000,000,000 |
| 2012 | 211,493,000,000,000 |
| 2013 | 224,771,000,000,000 |
| 2014 | 237,959,000,000,000 |
| 2015 | 250,088,000,000,000 |
| 2016 | 265,295,000,000,000 |
| 2017 | 283,046,000,000,000 |
| 2018 | 304,693,000,000,000 |
| 2019 | 328,663,000,000,000 |
| 2020 | 349,123,000,000,000 |
General government final consumption expenditure (constant 2010 US$)
The latest value for General government final consumption expenditure (constant 2010 US$) in Korea was 282,296,000,000 as of 2020. Over the past 60 years, the value for this indicator has fluctuated between 282,296,000,000 in 2020 and 10,549,190,000 in 1960.
Definition: General government final consumption expenditure (formerly general government consumption) includes all government current expenditures for purchases of goods and services (including compensation of employees). It also includes most expenditures on national defense and security, but excludes government military expenditures that are part of government capital formation. Data are in constant 2010 U.S. dollars.
Source: World Bank national accounts data, and OECD National Accounts data files.
See also:
| Year | Value |
|---|---|
| 1960 | 10,549,190,000 |
| 1961 | 10,624,780,000 |
| 1962 | 11,055,490,000 |
| 1963 | 11,677,680,000 |
| 1964 | 11,687,320,000 |
| 1965 | 12,451,580,000 |
| 1966 | 13,889,670,000 |
| 1967 | 15,204,070,000 |
| 1968 | 16,832,670,000 |
| 1969 | 18,624,200,000 |
| 1970 | 19,975,560,000 |
| 1971 | 21,699,450,000 |
| 1972 | 23,470,380,000 |
| 1973 | 24,000,550,000 |
| 1974 | 25,731,960,000 |
| 1975 | 27,506,780,000 |
| 1976 | 27,666,170,000 |
| 1977 | 29,582,180,000 |
| 1978 | 31,228,630,000 |
| 1979 | 33,043,410,000 |
| 1980 | 36,998,030,000 |
| 1981 | 39,468,240,000 |
| 1982 | 40,333,910,000 |
| 1983 | 41,795,950,000 |
| 1984 | 43,813,880,000 |
| 1985 | 45,287,680,000 |
| 1986 | 47,673,110,000 |
| 1987 | 51,104,910,000 |
| 1988 | 55,486,260,000 |
| 1989 | 61,780,250,000 |
| 1990 | 68,225,780,000 |
| 1991 | 71,539,110,000 |
| 1992 | 76,012,050,000 |
| 1993 | 79,210,360,000 |
| 1994 | 81,838,380,000 |
| 1995 | 85,002,750,000 |
| 1996 | 90,891,850,000 |
| 1997 | 93,069,980,000 |
| 1998 | 96,826,300,000 |
| 1999 | 101,623,000,000 |
| 2000 | 102,315,000,000 |
| 2001 | 108,915,000,000 |
| 2002 | 116,042,000,000 |
| 2003 | 121,920,000,000 |
| 2004 | 127,532,000,000 |
| 2005 | 134,343,000,000 |
| 2006 | 144,601,000,000 |
| 2007 | 154,041,000,000 |
| 2008 | 161,464,000,000 |
| 2009 | 172,201,000,000 |
| 2010 | 181,883,000,000 |
| 2011 | 186,546,000,000 |
| 2012 | 194,924,000,000 |
| 2013 | 204,247,000,000 |
| 2014 | 212,968,000,000 |
| 2015 | 221,090,000,000 |
| 2016 | 230,881,000,000 |
| 2017 | 239,957,000,000 |
| 2018 | 252,743,000,000 |
| 2019 | 268,919,000,000 |
| 2020 | 282,296,000,000 |
General government final consumption expenditure (annual % growth)
The value for General government final consumption expenditure (annual % growth) in Korea was 4.97 as of 2020. As the graph below shows, over the past 59 years this indicator reached a maximum value of 11.97 in 1980 and a minimum value of 0.08 in 1964.
Definition: Annual percentage growth of general government final consumption expenditure based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. General government final consumption expenditure (general government consumption) includes all government current expenditures for purchases of goods and services (including compensation of employees). It also includes most expenditures on national defense and security, but excludes government military expenditures that are part of government capital formation.
Source: World Bank national accounts data, and OECD National Accounts data files.
See also:
| Year | Value |
|---|---|
| 1961 | 0.72 |
| 1962 | 4.05 |
| 1963 | 5.63 |
| 1964 | 0.08 |
| 1965 | 6.54 |
| 1966 | 11.55 |
| 1967 | 9.46 |
| 1968 | 10.71 |
| 1969 | 10.64 |
| 1970 | 7.26 |
| 1971 | 8.63 |
| 1972 | 8.16 |
| 1973 | 2.26 |
| 1974 | 7.21 |
| 1975 | 6.90 |
| 1976 | 0.58 |
| 1977 | 6.93 |
| 1978 | 5.57 |
| 1979 | 5.81 |
| 1980 | 11.97 |
| 1981 | 6.68 |
| 1982 | 2.19 |
| 1983 | 3.62 |
| 1984 | 4.83 |
| 1985 | 3.36 |
| 1986 | 5.27 |
| 1987 | 7.20 |
| 1988 | 8.57 |
| 1989 | 11.34 |
| 1990 | 10.43 |
| 1991 | 4.86 |
| 1992 | 6.25 |
| 1993 | 4.21 |
| 1994 | 3.32 |
| 1995 | 3.87 |
| 1996 | 6.93 |
| 1997 | 2.40 |
| 1998 | 4.04 |
| 1999 | 4.95 |
| 2000 | 0.68 |
| 2001 | 6.45 |
| 2002 | 6.54 |
| 2003 | 5.06 |
| 2004 | 4.60 |
| 2005 | 5.34 |
| 2006 | 7.64 |
| 2007 | 6.53 |
| 2008 | 4.82 |
| 2009 | 6.65 |
| 2010 | 5.62 |
| 2011 | 2.56 |
| 2012 | 4.49 |
| 2013 | 4.78 |
| 2014 | 4.27 |
| 2015 | 3.81 |
| 2016 | 4.43 |
| 2017 | 3.93 |
| 2018 | 5.33 |
| 2019 | 6.40 |
| 2020 | 4.97 |
General government final consumption expenditure (constant LCU)
The value for General government final consumption expenditure (constant LCU) in Korea was 319,321,000,000,000 as of 2020. As the graph below shows, over the past 60 years this indicator reached a maximum value of 319,321,000,000,000 in 2020 and a minimum value of 11,932,800,000,000 in 1960.
Definition: General government final consumption expenditure (formerly general government consumption) includes all government current expenditures for purchases of goods and services (including compensation of employees). It also includes most expenditures on national defense and security, but excludes government military expenditures that are part of government capital formation. Data are in constant local currency.
Source: World Bank national accounts data, and OECD National Accounts data files.
| Year | Value |
|---|---|
| 1960 | 11,932,800,000,000 |
| 1961 | 12,018,300,000,000 |
| 1962 | 12,505,500,000,000 |
| 1963 | 13,209,300,000,000 |
| 1964 | 13,220,200,000,000 |
| 1965 | 14,084,700,000,000 |
| 1966 | 15,711,400,000,000 |
| 1967 | 17,198,200,000,000 |
| 1968 | 19,040,400,000,000 |
| 1969 | 21,066,900,000,000 |
| 1970 | 22,595,500,000,000 |
| 1971 | 24,545,500,000,000 |
| 1972 | 26,548,700,000,000 |
| 1973 | 27,148,400,000,000 |
| 1974 | 29,106,900,000,000 |
| 1975 | 31,114,500,000,000 |
| 1976 | 31,294,800,000,000 |
| 1977 | 33,462,100,000,000 |
| 1978 | 35,324,500,000,000 |
| 1979 | 37,377,300,000,000 |
| 1980 | 41,850,600,000,000 |
| 1981 | 44,644,800,000,000 |
| 1982 | 45,624,000,000,000 |
| 1983 | 47,277,800,000,000 |
| 1984 | 49,560,400,000,000 |
| 1985 | 51,227,500,000,000 |
| 1986 | 53,925,800,000,000 |
| 1987 | 57,807,700,000,000 |
| 1988 | 62,763,700,000,000 |
| 1989 | 69,883,200,000,000 |
| 1990 | 77,174,100,000,000 |
| 1991 | 80,922,000,000,000 |
| 1992 | 85,981,600,000,000 |
| 1993 | 89,599,400,000,000 |
| 1994 | 92,572,100,000,000 |
| 1995 | 96,151,500,000,000 |
| 1996 | 102,813,000,000,000 |
| 1997 | 105,277,000,000,000 |
| 1998 | 109,526,000,000,000 |
| 1999 | 114,951,000,000,000 |
| 2000 | 115,735,000,000,000 |
| 2001 | 123,200,000,000,000 |
| 2002 | 131,262,000,000,000 |
| 2003 | 137,910,000,000,000 |
| 2004 | 144,259,000,000,000 |
| 2005 | 151,963,000,000,000 |
| 2006 | 163,566,000,000,000 |
| 2007 | 174,245,000,000,000 |
| 2008 | 182,641,000,000,000 |
| 2009 | 194,787,000,000,000 |
| 2010 | 205,739,000,000,000 |
| 2011 | 211,013,000,000,000 |
| 2012 | 220,490,000,000,000 |
| 2013 | 231,036,000,000,000 |
| 2014 | 240,901,000,000,000 |
| 2015 | 250,088,000,000,000 |
| 2016 | 261,162,000,000,000 |
| 2017 | 271,429,000,000,000 |
| 2018 | 285,893,000,000,000 |
| 2019 | 304,190,000,000,000 |
| 2020 | 319,321,000,000,000 |
General government final consumption expenditure (% of GDP)
General government final consumption expenditure (% of GDP) in Korea was 18.06 as of 2020. Its highest value over the past 60 years was 18.06 in 2020, while its lowest value was 8.21 in 1964.
Definition: General government final consumption expenditure (formerly general government consumption) includes all government current expenditures for purchases of goods and services (including compensation of employees). It also includes most expenditures on national defense and security, but excludes government military expenditures that are part of government capital formation.
Source: World Bank national accounts data, and OECD National Accounts data files.
See also:
| Year | Value |
|---|---|
| 1960 | 14.24 |
| 1961 | 13.28 |
| 1962 | 13.57 |
| 1963 | 10.54 |
| 1964 | 8.21 |
| 1965 | 8.95 |
| 1966 | 9.68 |
| 1967 | 9.87 |
| 1968 | 10.15 |
| 1969 | 9.92 |
| 1970 | 9.89 |
| 1971 | 10.18 |
| 1972 | 10.47 |
| 1973 | 8.88 |
| 1974 | 9.61 |
| 1975 | 11.09 |
| 1976 | 10.81 |
| 1977 | 10.69 |
| 1978 | 9.91 |
| 1979 | 9.83 |
| 1980 | 11.91 |
| 1981 | 12.07 |
| 1982 | 11.78 |
| 1983 | 11.12 |
| 1984 | 10.55 |
| 1985 | 10.62 |
| 1986 | 10.26 |
| 1987 | 9.98 |
| 1988 | 9.92 |
| 1989 | 10.76 |
| 1990 | 10.97 |
| 1991 | 10.75 |
| 1992 | 11.06 |
| 1993 | 10.75 |
| 1994 | 10.28 |
| 1995 | 10.04 |
| 1996 | 10.39 |
| 1997 | 10.21 |
| 1998 | 11.40 |
| 1999 | 11.08 |
| 2000 | 10.90 |
| 2001 | 11.76 |
| 2002 | 11.74 |
| 2003 | 12.15 |
| 2004 | 12.39 |
| 2005 | 12.86 |
| 2006 | 13.37 |
| 2007 | 13.44 |
| 2008 | 14.05 |
| 2009 | 14.66 |
| 2010 | 14.20 |
| 2011 | 14.37 |
| 2012 | 14.69 |
| 2013 | 14.98 |
| 2014 | 15.23 |
| 2015 | 15.08 |
| 2016 | 15.24 |
| 2017 | 15.42 |
| 2018 | 16.05 |
| 2019 | 17.08 |
| 2020 | 18.06 |
Classification
Topic: Economic Policy & Debt Indicators
Sub-Topic: National accounts
