Korea - Household final consumption expenditure
Household final consumption expenditure (current US$)
The latest value for Household final consumption expenditure (current US$) in Korea was $760,379,000,000 as of 2020. Over the past 60 years, the value for this indicator has fluctuated between $828,329,000,000 in 2018 and $2,027,306,000 in 1961.
Definition: Household final consumption expenditure (formerly private consumption) is the market value of all goods and services, including durable products (such as cars, washing machines, and home computers), purchased by households. It excludes purchases of dwellings but includes imputed rent for owner-occupied dwellings. It also includes payments and fees to governments to obtain permits and licenses. Here, household consumption expenditure includes the expenditures of nonprofit institutions serving households, even when reported separately by the country. Data are in current U.S. dollars.
Source: World Bank national accounts data, and OECD National Accounts data files.
See also:
| Year | Value |
|---|---|
| 1960 | $3,369,832,000 |
| 1961 | $2,027,306,000 |
| 1962 | $2,339,240,000 |
| 1963 | $3,214,397,000 |
| 1964 | $2,863,090,000 |
| 1965 | $2,604,279,000 |
| 1966 | $3,087,971,000 |
| 1967 | $3,843,708,000 |
| 1968 | $4,616,158,000 |
| 1969 | $5,544,767,000 |
| 1970 | $6,639,941,000 |
| 1971 | $7,467,665,000 |
| 1972 | $7,902,467,000 |
| 1973 | $9,536,554,000 |
| 1974 | $13,458,600,000 |
| 1975 | $15,053,100,000 |
| 1976 | $19,246,900,000 |
| 1977 | $23,474,170,000 |
| 1978 | $31,026,240,000 |
| 1979 | $40,164,670,000 |
| 1980 | $41,019,870,000 |
| 1981 | $45,785,800,000 |
| 1982 | $48,255,460,000 |
| 1983 | $51,301,060,000 |
| 1984 | $55,143,800,000 |
| 1985 | $56,671,110,000 |
| 1986 | $62,212,490,000 |
| 1987 | $75,100,960,000 |
| 1988 | $97,559,980,000 |
| 1989 | $124,951,000,000 |
| 1990 | $142,333,000,000 |
| 1991 | $166,421,000,000 |
| 1992 | $181,061,000,000 |
| 1993 | $200,711,000,000 |
| 1994 | $239,929,000,000 |
| 1995 | $294,410,000,000 |
| 1996 | $324,914,000,000 |
| 1997 | $304,245,000,000 |
| 1998 | $192,871,000,000 |
| 1999 | $261,753,000,000 |
| 2000 | $314,018,000,000 |
| 2001 | $303,404,000,000 |
| 2002 | $351,859,000,000 |
| 2003 | $379,937,000,000 |
| 2004 | $409,231,000,000 |
| 2005 | $489,115,000,000 |
| 2006 | $558,528,000,000 |
| 2007 | $615,340,000,000 |
| 2008 | $550,209,000,000 |
| 2009 | $487,739,000,000 |
| 2010 | $577,012,000,000 |
| 2011 | $641,635,000,000 |
| 2012 | $655,421,000,000 |
| 2013 | $692,335,000,000 |
| 2014 | $741,208,000,000 |
| 2015 | $711,495,000,000 |
| 2016 | $719,391,000,000 |
| 2017 | $772,092,000,000 |
| 2018 | $828,329,000,000 |
| 2019 | $803,130,000,000 |
| 2020 | $760,379,000,000 |
Household final consumption expenditure (current LCU)
The value for Household final consumption expenditure (current LCU) in Korea was 897,449,000,000,000 as of 2020. As the graph below shows, over the past 60 years this indicator reached a maximum value of 935,934,000,000,000 in 2019 and a minimum value of 212,720,000,000 in 1960.
Definition: Household final consumption expenditure (formerly private consumption) is the market value of all goods and services, including durable products (such as cars, washing machines, and home computers), purchased by households. It excludes purchases of dwellings but includes imputed rent for owner-occupied dwellings. It also includes payments and fees to governments to obtain permits and licenses. Here, household consumption expenditure includes the expenditures of nonprofit institutions serving households, even when reported separately by the country. Data are in current local currency.
Source: World Bank national accounts data, and OECD National Accounts data files.
| Year | Value |
|---|---|
| 1960 | 212,720,000,000 |
| 1961 | 252,990,000,000 |
| 1962 | 304,100,000,000 |
| 1963 | 417,870,000,000 |
| 1964 | 612,260,000,000 |
| 1965 | 693,780,000,000 |
| 1966 | 837,890,000,000 |
| 1967 | 1,039,800,000,000 |
| 1968 | 1,277,060,000,000 |
| 1969 | 1,597,780,000,000 |
| 1970 | 2,062,100,000,000 |
| 1971 | 2,592,400,000,000 |
| 1972 | 3,104,800,000,000 |
| 1973 | 3,798,600,000,000 |
| 1974 | 5,443,600,000,000 |
| 1975 | 7,285,700,000,000 |
| 1976 | 9,315,500,000,000 |
| 1977 | 11,361,500,000,000 |
| 1978 | 15,016,700,000,000 |
| 1979 | 19,439,700,000,000 |
| 1980 | 24,916,700,000,000 |
| 1981 | 31,181,500,000,000 |
| 1982 | 35,278,600,000,000 |
| 1983 | 39,796,800,000,000 |
| 1984 | 44,444,800,000,000 |
| 1985 | 49,305,000,000,000 |
| 1986 | 54,837,200,000,000 |
| 1987 | 61,775,800,000,000 |
| 1988 | 71,362,200,000,000 |
| 1989 | 83,899,400,000,000 |
| 1990 | 100,738,000,000,000 |
| 1991 | 122,045,000,000,000 |
| 1992 | 141,345,000,000,000 |
| 1993 | 161,105,000,000,000 |
| 1994 | 192,771,000,000,000 |
| 1995 | 227,070,000,000,000 |
| 1996 | 261,377,000,000,000 |
| 1997 | 289,425,000,000,000 |
| 1998 | 270,298,000,000,000 |
| 1999 | 311,177,000,000,000 |
| 2000 | 355,141,000,000,000 |
| 2001 | 391,692,000,000,000 |
| 2002 | 440,207,000,000,000 |
| 2003 | 452,737,000,000,000 |
| 2004 | 468,701,000,000,000 |
| 2005 | 500,911,000,000,000 |
| 2006 | 533,278,000,000,000 |
| 2007 | 571,810,000,000,000 |
| 2008 | 606,356,000,000,000 |
| 2009 | 622,809,000,000,000 |
| 2010 | 667,061,000,000,000 |
| 2011 | 711,119,000,000,000 |
| 2012 | 738,312,000,000,000 |
| 2013 | 758,005,000,000,000 |
| 2014 | 780,463,000,000,000 |
| 2015 | 804,812,000,000,000 |
| 2016 | 834,805,000,000,000 |
| 2017 | 872,791,000,000,000 |
| 2018 | 911,576,000,000,000 |
| 2019 | 935,934,000,000,000 |
| 2020 | 897,449,000,000,000 |
Household final consumption expenditure (constant 2010 US$)
The latest value for Household final consumption expenditure (constant 2010 US$) in Korea was 750,622,000,000 as of 2020. Over the past 60 years, the value for this indicator has fluctuated between 790,407,000,000 in 2019 and 26,437,790,000 in 1960.
Definition: Household final consumption expenditure (formerly private consumption) is the market value of all goods and services, including durable products (such as cars, washing machines, and home computers), purchased by households. It excludes purchases of dwellings but includes imputed rent for owner-occupied dwellings. It also includes payments and fees to governments to obtain permits and licenses. Here, household consumption expenditure includes the expenditures of nonprofit institutions serving households, even when reported separately by the country. 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 | 26,437,790,000 |
| 1961 | 27,052,200,000 |
| 1962 | 29,688,440,000 |
| 1963 | 30,975,440,000 |
| 1964 | 33,622,020,000 |
| 1965 | 35,935,140,000 |
| 1966 | 38,300,590,000 |
| 1967 | 41,651,940,000 |
| 1968 | 46,045,310,000 |
| 1969 | 50,967,170,000 |
| 1970 | 56,338,400,000 |
| 1971 | 61,740,830,000 |
| 1972 | 65,208,780,000 |
| 1973 | 71,124,660,000 |
| 1974 | 76,456,810,000 |
| 1975 | 80,829,420,000 |
| 1976 | 87,627,240,000 |
| 1977 | 92,493,490,000 |
| 1978 | 100,384,000,000 |
| 1979 | 109,150,000,000 |
| 1980 | 109,146,000,000 |
| 1981 | 115,060,000,000 |
| 1982 | 123,735,000,000 |
| 1983 | 135,187,000,000 |
| 1984 | 145,603,000,000 |
| 1985 | 156,239,000,000 |
| 1986 | 170,831,000,000 |
| 1987 | 185,508,000,000 |
| 1988 | 202,912,000,000 |
| 1989 | 224,861,000,000 |
| 1990 | 247,467,000,000 |
| 1991 | 269,882,000,000 |
| 1992 | 288,696,000,000 |
| 1993 | 308,753,000,000 |
| 1994 | 337,172,000,000 |
| 1995 | 373,332,000,000 |
| 1996 | 402,241,000,000 |
| 1997 | 419,223,000,000 |
| 1998 | 369,242,000,000 |
| 1999 | 413,725,000,000 |
| 2000 | 452,286,000,000 |
| 2001 | 478,487,000,000 |
| 2002 | 521,442,000,000 |
| 2003 | 519,468,000,000 |
| 2004 | 521,543,000,000 |
| 2005 | 545,827,000,000 |
| 2006 | 572,692,000,000 |
| 2007 | 602,951,000,000 |
| 2008 | 612,738,000,000 |
| 2009 | 614,075,000,000 |
| 2010 | 641,041,000,000 |
| 2011 | 659,935,000,000 |
| 2012 | 670,852,000,000 |
| 2013 | 682,499,000,000 |
| 2014 | 696,110,000,000 |
| 2015 | 711,495,000,000 |
| 2016 | 729,939,000,000 |
| 2017 | 750,196,000,000 |
| 2018 | 774,055,000,000 |
| 2019 | 790,407,000,000 |
| 2020 | 750,622,000,000 |
Household final consumption expenditure (annual % growth)
The value for Household final consumption expenditure (annual % growth) in Korea was -5.03 as of 2020. As the graph below shows, over the past 59 years this indicator reached a maximum value of 12.05 in 1999 and a minimum value of -11.92 in 1998.
Definition: Annual percentage growth of household final consumption expenditure based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Household final consumption expenditure (formerly private consumption) is the market value of all goods and services, including durable products (such as cars, washing machines, and home computers), purchased by households. It excludes purchases of dwellings but includes imputed rent for owner-occupied dwellings. It also includes payments and fees to governments to obtain permits and licenses. Here, household consumption expenditure includes the expenditures of nonprofit institutions serving households, even when reported separately by the country.
Source: World Bank national accounts data, and OECD National Accounts data files.
See also:
| Year | Value |
|---|---|
| 1961 | 2.32 |
| 1962 | 9.75 |
| 1963 | 4.34 |
| 1964 | 8.54 |
| 1965 | 6.88 |
| 1966 | 6.58 |
| 1967 | 8.75 |
| 1968 | 10.55 |
| 1969 | 10.69 |
| 1970 | 10.54 |
| 1971 | 9.59 |
| 1972 | 5.62 |
| 1973 | 9.07 |
| 1974 | 7.50 |
| 1975 | 5.72 |
| 1976 | 8.41 |
| 1977 | 5.55 |
| 1978 | 8.53 |
| 1979 | 8.73 |
| 1980 | 0.00 |
| 1981 | 5.42 |
| 1982 | 7.54 |
| 1983 | 9.26 |
| 1984 | 7.70 |
| 1985 | 7.30 |
| 1986 | 9.34 |
| 1987 | 8.59 |
| 1988 | 9.38 |
| 1989 | 10.82 |
| 1990 | 10.05 |
| 1991 | 9.06 |
| 1992 | 6.97 |
| 1993 | 6.95 |
| 1994 | 9.20 |
| 1995 | 10.72 |
| 1996 | 7.74 |
| 1997 | 4.22 |
| 1998 | -11.92 |
| 1999 | 12.05 |
| 2000 | 9.32 |
| 2001 | 5.79 |
| 2002 | 8.98 |
| 2003 | -0.38 |
| 2004 | 0.40 |
| 2005 | 4.66 |
| 2006 | 4.92 |
| 2007 | 5.28 |
| 2008 | 1.62 |
| 2009 | 0.22 |
| 2010 | 4.39 |
| 2011 | 2.95 |
| 2012 | 1.65 |
| 2013 | 1.74 |
| 2014 | 1.99 |
| 2015 | 2.21 |
| 2016 | 2.59 |
| 2017 | 2.78 |
| 2018 | 3.18 |
| 2019 | 2.11 |
| 2020 | -5.03 |
Household final consumption expenditure (constant LCU)
The value for Household final consumption expenditure (constant LCU) in Korea was 849,072,000,000,000 as of 2020. As the graph below shows, over the past 60 years this indicator reached a maximum value of 894,075,000,000,000 in 2019 and a minimum value of 29,905,300,000,000 in 1960.
Definition: Household final consumption expenditure (formerly private consumption) is the market value of all goods and services, including durable products (such as cars, washing machines, and home computers), purchased by households. It excludes purchases of dwellings but includes imputed rent for owner-occupied dwellings. It also includes payments and fees to governments to obtain permits and licenses. Here, household consumption expenditure includes the expenditures of nonprofit institutions serving households, even when reported separately by the country. Data are in constant local currency.
Source: World Bank national accounts data, and OECD National Accounts data files.
| Year | Value |
|---|---|
| 1960 | 29,905,300,000,000 |
| 1961 | 30,600,300,000,000 |
| 1962 | 33,582,300,000,000 |
| 1963 | 35,038,100,000,000 |
| 1964 | 38,031,800,000,000 |
| 1965 | 40,648,300,000,000 |
| 1966 | 43,324,000,000,000 |
| 1967 | 47,114,900,000,000 |
| 1968 | 52,084,500,000,000 |
| 1969 | 57,651,900,000,000 |
| 1970 | 63,727,600,000,000 |
| 1971 | 69,838,600,000,000 |
| 1972 | 73,761,400,000,000 |
| 1973 | 80,453,200,000,000 |
| 1974 | 86,484,700,000,000 |
| 1975 | 91,430,800,000,000 |
| 1976 | 99,120,200,000,000 |
| 1977 | 104,625,000,000,000 |
| 1978 | 113,550,000,000,000 |
| 1979 | 123,466,000,000,000 |
| 1980 | 123,462,000,000,000 |
| 1981 | 130,151,000,000,000 |
| 1982 | 139,964,000,000,000 |
| 1983 | 152,918,000,000,000 |
| 1984 | 164,700,000,000,000 |
| 1985 | 176,731,000,000,000 |
| 1986 | 193,236,000,000,000 |
| 1987 | 209,839,000,000,000 |
| 1988 | 229,526,000,000,000 |
| 1989 | 254,353,000,000,000 |
| 1990 | 279,924,000,000,000 |
| 1991 | 305,280,000,000,000 |
| 1992 | 326,560,000,000,000 |
| 1993 | 349,248,000,000,000 |
| 1994 | 381,394,000,000,000 |
| 1995 | 422,297,000,000,000 |
| 1996 | 454,998,000,000,000 |
| 1997 | 474,207,000,000,000 |
| 1998 | 417,671,000,000,000 |
| 1999 | 467,989,000,000,000 |
| 2000 | 511,607,000,000,000 |
| 2001 | 541,244,000,000,000 |
| 2002 | 589,833,000,000,000 |
| 2003 | 587,600,000,000,000 |
| 2004 | 589,947,000,000,000 |
| 2005 | 617,417,000,000,000 |
| 2006 | 647,804,000,000,000 |
| 2007 | 682,032,000,000,000 |
| 2008 | 693,103,000,000,000 |
| 2009 | 694,615,000,000,000 |
| 2010 | 725,119,000,000,000 |
| 2011 | 746,491,000,000,000 |
| 2012 | 758,839,000,000,000 |
| 2013 | 772,014,000,000,000 |
| 2014 | 787,410,000,000,000 |
| 2015 | 804,812,000,000,000 |
| 2016 | 825,676,000,000,000 |
| 2017 | 848,589,000,000,000 |
| 2018 | 875,578,000,000,000 |
| 2019 | 894,075,000,000,000 |
| 2020 | 849,072,000,000,000 |
Household final consumption expenditure, PPP (current international $)
The latest value for Household final consumption expenditure, PPP (current international $) in Korea was 926,671,000,000 as of 2020. Over the past 30 years, the value for this indicator has fluctuated between 934,631,000,000 in 2019 and 193,877,000,000 in 1990.
Definition: Household final consumption expenditure (formerly private consumption) is the market value of all goods and services, including durable products (such as cars, washing machines, and home computers), purchased by households. It excludes purchases of dwellings but includes imputed rent for owner-occupied dwellings. It also includes payments and fees to governments to obtain permits and licenses. Here, household consumption expenditure includes the expenditures of nonprofit institutions serving households, even when reported separately by the country. Data are converted to current international dollars using purchasing power parity rates based on the 2011 ICP round.
Source: World Bank, International Comparison Program database.
See also:
| Year | Value |
|---|---|
| 1990 | 193,877,000,000 |
| 1991 | 218,507,000,000 |
| 1992 | 239,970,000,000 |
| 1993 | 263,035,000,000 |
| 1994 | 293,239,000,000 |
| 1995 | 331,524,000,000 |
| 1996 | 364,835,000,000 |
| 1997 | 386,854,000,000 |
| 1998 | 343,444,000,000 |
| 1999 | 390,427,000,000 |
| 2000 | 430,697,000,000 |
| 2001 | 464,783,000,000 |
| 2002 | 505,053,000,000 |
| 2003 | 513,943,000,000 |
| 2004 | 528,804,000,000 |
| 2005 | 569,628,000,000 |
| 2006 | 611,441,000,000 |
| 2007 | 660,266,000,000 |
| 2008 | 687,408,000,000 |
| 2009 | 691,070,000,000 |
| 2010 | 734,338,000,000 |
| 2011 | 779,717,000,000 |
| 2012 | 806,957,000,000 |
| 2013 | 776,381,000,000 |
| 2014 | 784,575,000,000 |
| 2015 | 838,626,000,000 |
| 2016 | 863,191,000,000 |
| 2017 | 879,764,000,000 |
| 2018 | 929,838,000,000 |
| 2019 | 934,631,000,000 |
| 2020 | 926,671,000,000 |
Household final consumption expenditure, PPP (constant 2011 international $)
The latest value for Household final consumption expenditure, PPP (constant 2011 international $) in Korea was 880,265,000,000 as of 2020. Over the past 30 years, the value for this indicator has fluctuated between 926,921,000,000 in 2019 and 290,208,000,000 in 1990.
Definition: Household final consumption expenditure (formerly private consumption) is the market value of all goods and services, including durable products (such as cars, washing machines, and home computers), purchased by households. It excludes purchases of dwellings but includes imputed rent for owner-occupied dwellings. It also includes payments and fees to governments to obtain permits and licenses. Here, household consumption expenditure includes the expenditures of nonprofit institutions serving households, even when reported separately by the country. Data are converted to constant 2011 international dollars using purchasing power parity rates.
Source: World Bank, International Comparison Program database.
See also:
| Year | Value |
|---|---|
| 1990 | 290,208,000,000 |
| 1991 | 316,495,000,000 |
| 1992 | 338,557,000,000 |
| 1993 | 362,079,000,000 |
| 1994 | 395,406,000,000 |
| 1995 | 437,811,000,000 |
| 1996 | 471,713,000,000 |
| 1997 | 491,628,000,000 |
| 1998 | 433,015,000,000 |
| 1999 | 485,181,000,000 |
| 2000 | 530,402,000,000 |
| 2001 | 561,128,000,000 |
| 2002 | 611,502,000,000 |
| 2003 | 609,187,000,000 |
| 2004 | 611,620,000,000 |
| 2005 | 640,099,000,000 |
| 2006 | 671,603,000,000 |
| 2007 | 707,088,000,000 |
| 2008 | 718,566,000,000 |
| 2009 | 720,133,000,000 |
| 2010 | 751,757,000,000 |
| 2011 | 773,915,000,000 |
| 2012 | 786,717,000,000 |
| 2013 | 800,375,000,000 |
| 2014 | 816,337,000,000 |
| 2015 | 834,379,000,000 |
| 2016 | 856,009,000,000 |
| 2017 | 879,764,000,000 |
| 2018 | 907,744,000,000 |
| 2019 | 926,921,000,000 |
| 2020 | 880,265,000,000 |
Households and NPISHs final consumption expenditure (% of GDP)
Households and NPISHs final consumption expenditure (% of GDP) in Korea was 46.42 as of 2020. Its highest value over the past 60 years was 85.14 in 1960, while its lowest value was 46.42 in 2020.
Definition: Household final consumption expenditure (formerly private consumption) is the market value of all goods and services, including durable products (such as cars, washing machines, and home computers), purchased by households. It excludes purchases of dwellings but includes imputed rent for owner-occupied dwellings. It also includes payments and fees to governments to obtain permits and licenses. Here, household consumption expenditure includes the expenditures of nonprofit institutions serving households, even when reported separately by the country. This item also includes any statistical discrepancy in the use of resources relative to the supply of resources.
Source: World Bank national accounts data, and OECD National Accounts data files.
See also:
| Year | Value |
|---|---|
| 1960 | 85.14 |
| 1961 | 83.86 |
| 1962 | 83.12 |
| 1963 | 80.59 |
| 1964 | 82.77 |
| 1965 | 83.45 |
| 1966 | 78.60 |
| 1967 | 79.16 |
| 1968 | 75.44 |
| 1969 | 72.21 |
| 1970 | 73.74 |
| 1971 | 75.40 |
| 1972 | 72.75 |
| 1973 | 68.72 |
| 1974 | 68.86 |
| 1975 | 69.10 |
| 1976 | 64.37 |
| 1977 | 61.06 |
| 1978 | 59.70 |
| 1979 | 59.99 |
| 1980 | 62.72 |
| 1981 | 62.78 |
| 1982 | 61.58 |
| 1983 | 58.46 |
| 1984 | 56.55 |
| 1985 | 55.95 |
| 1986 | 53.25 |
| 1987 | 50.76 |
| 1988 | 48.88 |
| 1989 | 50.60 |
| 1990 | 50.23 |
| 1991 | 50.33 |
| 1992 | 50.93 |
| 1993 | 51.11 |
| 1994 | 51.75 |
| 1995 | 51.96 |
| 1996 | 53.25 |
| 1997 | 53.40 |
| 1998 | 50.31 |
| 1999 | 52.61 |
| 2000 | 54.50 |
| 2001 | 55.40 |
| 2002 | 56.10 |
| 2003 | 54.07 |
| 2004 | 51.59 |
| 2005 | 52.32 |
| 2006 | 53.03 |
| 2007 | 52.48 |
| 2008 | 52.53 |
| 2009 | 51.67 |
| 2010 | 50.44 |
| 2011 | 51.20 |
| 2012 | 51.27 |
| 2013 | 50.51 |
| 2014 | 49.94 |
| 2015 | 48.54 |
| 2016 | 47.96 |
| 2017 | 47.55 |
| 2018 | 48.02 |
| 2019 | 48.63 |
| 2020 | 46.42 |
Classification
Topic: Economic Policy & Debt Indicators
Sub-Topic: National accounts
