Korea - Gross national expenditure
Gross national expenditure (current US$)
The latest value for Gross national expenditure (current US$) in Korea was $1,578,030,000,000 as of 2020. Over the past 60 years, the value for this indicator has fluctuated between $1,648,300,000,000 in 2018 and $2,655,155,000 in 1961.
Definition: Gross national expenditure (formerly domestic absorption) is the sum of household final consumption expenditure (formerly private consumption), general government final consumption expenditure (formerly general government consumption), and gross capital formation (formerly gross domestic investment). Data are in current U.S. dollars.
Source: World Bank national accounts data, and OECD National Accounts data files.
See also:
| Year | Value |
|---|---|
| 1960 | $4,349,796,000 |
| 1961 | $2,655,155,000 |
| 1962 | $3,117,089,000 |
| 1963 | $4,384,017,000 |
| 1964 | $3,680,127,000 |
| 1965 | $3,344,332,000 |
| 1966 | $4,320,668,000 |
| 1967 | $5,401,154,000 |
| 1968 | $6,895,644,000 |
| 1969 | $8,604,838,000 |
| 1970 | $9,901,146,000 |
| 1971 | $10,949,160,000 |
| 1972 | $11,372,900,000 |
| 1973 | $14,378,640,000 |
| 1974 | $21,707,170,000 |
| 1975 | $23,683,260,000 |
| 1976 | $30,741,740,000 |
| 1977 | $39,157,650,000 |
| 1978 | $54,100,000,000 |
| 1979 | $71,833,060,000 |
| 1980 | $71,061,520,000 |
| 1981 | $78,045,460,000 |
| 1982 | $82,537,480,000 |
| 1983 | $89,559,780,000 |
| 1984 | $96,928,830,000 |
| 1985 | $100,114,000,000 |
| 1986 | $112,310,000,000 |
| 1987 | $138,083,000,000 |
| 1988 | $186,839,000,000 |
| 1989 | $242,171,000,000 |
| 1990 | $285,509,000,000 |
| 1991 | $338,314,000,000 |
| 1992 | $358,109,000,000 |
| 1993 | $390,774,000,000 |
| 1994 | $466,119,000,000 |
| 1995 | $571,973,000,000 |
| 1996 | $628,859,000,000 |
| 1997 | $574,302,000,000 |
| 1998 | $343,068,000,000 |
| 1999 | $471,152,000,000 |
| 2000 | $566,347,000,000 |
| 2001 | $540,858,000,000 |
| 2002 | $620,536,000,000 |
| 2003 | $692,166,000,000 |
| 2004 | $765,659,000,000 |
| 2005 | $913,284,000,000 |
| 2006 | $1,046,840,000,000 |
| 2007 | $1,161,080,000,000 |
| 2008 | $1,049,950,000,000 |
| 2009 | $903,646,000,000 |
| 2010 | $1,111,940,000,000 |
| 2011 | $1,239,320,000,000 |
| 2012 | $1,243,530,000,000 |
| 2013 | $1,307,300,000,000 |
| 2014 | $1,409,380,000,000 |
| 2015 | $1,365,420,000,000 |
| 2016 | $1,400,180,000,000 |
| 2017 | $1,546,810,000,000 |
| 2018 | $1,648,300,000,000 |
| 2019 | $1,605,270,000,000 |
| 2020 | $1,578,030,000,000 |
Gross national expenditure (current LCU)
The value for Gross national expenditure (current LCU) in Korea was 1,862,490,000,000,000 as of 2020. As the graph below shows, over the past 60 years this indicator reached a maximum value of 1,870,720,000,000,000 in 2019 and a minimum value of 274,580,000,000 in 1960.
Definition: Gross national expenditure (formerly domestic absorption) is the sum of household final consumption expenditure (formerly private consumption), general government final consumption expenditure (formerly general government consumption), and gross capital formation (formerly gross domestic investment). Data are in current local currency.
Source: World Bank national accounts data, and OECD National Accounts data files.
| Year | Value |
|---|---|
| 1960 | 274,580,000,000 |
| 1961 | 331,340,000,000 |
| 1962 | 405,220,000,000 |
| 1963 | 569,920,000,000 |
| 1964 | 786,980,000,000 |
| 1965 | 890,930,000,000 |
| 1966 | 1,172,370,000,000 |
| 1967 | 1,461,120,000,000 |
| 1968 | 1,907,680,000,000 |
| 1969 | 2,479,570,000,000 |
| 1970 | 3,074,900,000,000 |
| 1971 | 3,801,000,000,000 |
| 1972 | 4,468,300,000,000 |
| 1973 | 5,727,300,000,000 |
| 1974 | 8,779,900,000,000 |
| 1975 | 11,462,700,000,000 |
| 1976 | 14,879,000,000,000 |
| 1977 | 18,952,300,000,000 |
| 1978 | 26,184,400,000,000 |
| 1979 | 34,767,200,000,000 |
| 1980 | 43,164,900,000,000 |
| 1981 | 53,151,300,000,000 |
| 1982 | 60,341,500,000,000 |
| 1983 | 69,476,000,000,000 |
| 1984 | 78,122,700,000,000 |
| 1985 | 87,100,800,000,000 |
| 1986 | 98,995,700,000,000 |
| 1987 | 113,583,000,000,000 |
| 1988 | 136,667,000,000,000 |
| 1989 | 162,608,000,000,000 |
| 1990 | 202,072,000,000,000 |
| 1991 | 248,103,000,000,000 |
| 1992 | 279,558,000,000,000 |
| 1993 | 313,662,000,000,000 |
| 1994 | 374,504,000,000,000 |
| 1995 | 441,145,000,000,000 |
| 1996 | 505,886,000,000,000 |
| 1997 | 546,328,000,000,000 |
| 1998 | 480,790,000,000,000 |
| 1999 | 560,115,000,000,000 |
| 2000 | 640,516,000,000,000 |
| 2001 | 698,242,000,000,000 |
| 2002 | 776,347,000,000,000 |
| 2003 | 824,792,000,000,000 |
| 2004 | 876,925,000,000,000 |
| 2005 | 935,309,000,000,000 |
| 2006 | 999,514,000,000,000 |
| 2007 | 1,078,940,000,000,000 |
| 2008 | 1,157,090,000,000,000 |
| 2009 | 1,153,890,000,000,000 |
| 2010 | 1,285,470,000,000,000 |
| 2011 | 1,373,530,000,000,000 |
| 2012 | 1,400,800,000,000,000 |
| 2013 | 1,431,300,000,000,000 |
| 2014 | 1,484,030,000,000,000 |
| 2015 | 1,544,500,000,000,000 |
| 2016 | 1,624,820,000,000,000 |
| 2017 | 1,748,550,000,000,000 |
| 2018 | 1,813,960,000,000,000 |
| 2019 | 1,870,720,000,000,000 |
| 2020 | 1,862,490,000,000,000 |
Gross national expenditure (constant 2010 US$)
The latest value for Gross national expenditure (constant 2010 US$) in Korea was 1,530,150,000,000 as of 2020. Over the past 60 years, the value for this indicator has fluctuated between 1,553,300,000,000 in 2019 and 37,312,140,000 in 1960.
Definition: Gross national expenditure (formerly domestic absorption) is the sum of household final consumption expenditure (formerly private consumption), general government final consumption expenditure (formerly general government consumption), and gross capital formation (formerly gross domestic investment). 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 | 37,312,140,000 |
| 1961 | 38,599,840,000 |
| 1962 | 41,731,680,000 |
| 1963 | 44,891,450,000 |
| 1964 | 47,503,020,000 |
| 1965 | 50,728,830,000 |
| 1966 | 56,326,370,000 |
| 1967 | 61,898,990,000 |
| 1968 | 70,488,060,000 |
| 1969 | 79,712,950,000 |
| 1970 | 86,707,730,000 |
| 1971 | 95,652,720,000 |
| 1972 | 98,598,210,000 |
| 1973 | 109,680,000,000 |
| 1974 | 121,775,000,000 |
| 1975 | 127,536,000,000 |
| 1976 | 140,149,000,000 |
| 1977 | 154,969,000,000 |
| 1978 | 175,785,000,000 |
| 1979 | 194,352,000,000 |
| 1980 | 188,268,000,000 |
| 1981 | 197,376,000,000 |
| 1982 | 211,925,000,000 |
| 1983 | 233,433,000,000 |
| 1984 | 251,994,000,000 |
| 1985 | 269,206,000,000 |
| 1986 | 296,840,000,000 |
| 1987 | 326,562,000,000 |
| 1988 | 365,913,000,000 |
| 1989 | 412,620,000,000 |
| 1990 | 461,824,000,000 |
| 1991 | 516,863,000,000 |
| 1992 | 541,835,000,000 |
| 1993 | 574,395,000,000 |
| 1994 | 634,179,000,000 |
| 1995 | 694,108,000,000 |
| 1996 | 755,548,000,000 |
| 1997 | 772,085,000,000 |
| 1998 | 652,580,000,000 |
| 1999 | 751,031,000,000 |
| 2000 | 825,259,000,000 |
| 2001 | 862,648,000,000 |
| 2002 | 934,671,000,000 |
| 2003 | 954,537,000,000 |
| 2004 | 975,019,000,000 |
| 2005 | 1,013,330,000,000 |
| 2006 | 1,067,110,000,000 |
| 2007 | 1,124,410,000,000 |
| 2008 | 1,140,670,000,000 |
| 2009 | 1,116,630,000,000 |
| 2010 | 1,209,620,000,000 |
| 2011 | 1,245,640,000,000 |
| 2012 | 1,254,400,000,000 |
| 2013 | 1,279,230,000,000 |
| 2014 | 1,315,470,000,000 |
| 2015 | 1,365,420,000,000 |
| 2016 | 1,420,790,000,000 |
| 2017 | 1,500,260,000,000 |
| 2018 | 1,530,240,000,000 |
| 2019 | 1,553,300,000,000 |
| 2020 | 1,530,150,000,000 |
Gross national expenditure (constant LCU)
The value for Gross national expenditure (constant LCU) in Korea was 1,730,840,000,000,000 as of 2020. As the graph below shows, over the past 60 years this indicator reached a maximum value of 1,757,030,000,000,000 in 2019 and a minimum value of 42,205,900,000,000 in 1960.
Definition: Gross national expenditure (formerly domestic absorption) is the sum of household final consumption expenditure (formerly private consumption), general government final consumption expenditure (formerly general government consumption), and gross capital formation (formerly gross domestic investment). Data are in constant local currency.
Source: World Bank national accounts data, and OECD National Accounts data files.
| Year | Value |
|---|---|
| 1960 | 42,205,900,000,000 |
| 1961 | 43,662,500,000,000 |
| 1962 | 47,205,100,000,000 |
| 1963 | 50,779,300,000,000 |
| 1964 | 53,733,400,000,000 |
| 1965 | 57,382,300,000,000 |
| 1966 | 63,714,000,000,000 |
| 1967 | 70,017,500,000,000 |
| 1968 | 79,733,100,000,000 |
| 1969 | 90,167,900,000,000 |
| 1970 | 98,080,100,000,000 |
| 1971 | 108,198,000,000,000 |
| 1972 | 111,530,000,000,000 |
| 1973 | 124,065,000,000,000 |
| 1974 | 137,747,000,000,000 |
| 1975 | 144,263,000,000,000 |
| 1976 | 158,531,000,000,000 |
| 1977 | 175,295,000,000,000 |
| 1978 | 198,841,000,000,000 |
| 1979 | 219,842,000,000,000 |
| 1980 | 212,961,000,000,000 |
| 1981 | 223,263,000,000,000 |
| 1982 | 239,721,000,000,000 |
| 1983 | 264,049,000,000,000 |
| 1984 | 285,044,000,000,000 |
| 1985 | 304,514,000,000,000 |
| 1986 | 335,773,000,000,000 |
| 1987 | 369,393,000,000,000 |
| 1988 | 413,906,000,000,000 |
| 1989 | 466,738,000,000,000 |
| 1990 | 522,395,000,000,000 |
| 1991 | 584,654,000,000,000 |
| 1992 | 612,901,000,000,000 |
| 1993 | 649,731,000,000,000 |
| 1994 | 717,357,000,000,000 |
| 1995 | 785,146,000,000,000 |
| 1996 | 854,644,000,000,000 |
| 1997 | 873,350,000,000,000 |
| 1998 | 738,171,000,000,000 |
| 1999 | 849,535,000,000,000 |
| 2000 | 933,498,000,000,000 |
| 2001 | 975,791,000,000,000 |
| 2002 | 1,057,260,000,000,000 |
| 2003 | 1,079,730,000,000,000 |
| 2004 | 1,102,900,000,000,000 |
| 2005 | 1,146,230,000,000,000 |
| 2006 | 1,207,060,000,000,000 |
| 2007 | 1,271,890,000,000,000 |
| 2008 | 1,290,280,000,000,000 |
| 2009 | 1,263,090,000,000,000 |
| 2010 | 1,368,270,000,000,000 |
| 2011 | 1,409,010,000,000,000 |
| 2012 | 1,418,920,000,000,000 |
| 2013 | 1,447,010,000,000,000 |
| 2014 | 1,488,000,000,000,000 |
| 2015 | 1,544,500,000,000,000 |
| 2016 | 1,607,130,000,000,000 |
| 2017 | 1,697,030,000,000,000 |
| 2018 | 1,730,950,000,000,000 |
| 2019 | 1,757,030,000,000,000 |
| 2020 | 1,730,840,000,000,000 |
Gross national expenditure (% of GDP)
Gross national expenditure (% of GDP) in Korea was 96.34 as of 2020. Its highest value over the past 60 years was 112.69 in 1968, while its lowest value was 89.50 in 1998.
Definition: Gross national expenditure (formerly domestic absorption) is the sum of household final consumption expenditure (formerly private consumption), general government final consumption expenditure (formerly general government consumption), and gross capital formation (formerly gross domestic investment).
Source: World Bank national accounts data, and OECD National Accounts data files.
See also:
| Year | Value |
|---|---|
| 1960 | 109.89 |
| 1961 | 109.83 |
| 1962 | 110.76 |
| 1963 | 109.91 |
| 1964 | 106.39 |
| 1965 | 107.16 |
| 1966 | 109.97 |
| 1967 | 111.23 |
| 1968 | 112.69 |
| 1969 | 112.06 |
| 1970 | 109.95 |
| 1971 | 110.56 |
| 1972 | 104.70 |
| 1973 | 103.62 |
| 1974 | 111.07 |
| 1975 | 108.72 |
| 1976 | 102.81 |
| 1977 | 101.85 |
| 1978 | 104.09 |
| 1979 | 107.30 |
| 1980 | 108.66 |
| 1981 | 107.01 |
| 1982 | 105.33 |
| 1983 | 102.05 |
| 1984 | 99.40 |
| 1985 | 98.83 |
| 1986 | 96.13 |
| 1987 | 93.33 |
| 1988 | 93.61 |
| 1989 | 98.07 |
| 1990 | 100.76 |
| 1991 | 102.32 |
| 1992 | 100.73 |
| 1993 | 99.52 |
| 1994 | 100.54 |
| 1995 | 100.95 |
| 1996 | 103.06 |
| 1997 | 100.80 |
| 1998 | 89.50 |
| 1999 | 94.70 |
| 2000 | 98.29 |
| 2001 | 98.76 |
| 2002 | 98.93 |
| 2003 | 98.50 |
| 2004 | 96.53 |
| 2005 | 97.69 |
| 2006 | 99.39 |
| 2007 | 99.02 |
| 2008 | 100.25 |
| 2009 | 95.73 |
| 2010 | 97.19 |
| 2011 | 98.89 |
| 2012 | 97.27 |
| 2013 | 95.37 |
| 2014 | 94.95 |
| 2015 | 93.15 |
| 2016 | 93.34 |
| 2017 | 95.25 |
| 2018 | 95.56 |
| 2019 | 97.21 |
| 2020 | 96.34 |
Classification
Topic: Economic Policy & Debt Indicators
Sub-Topic: National accounts
