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South Korea: Total consumption

Millions of local currency · 1911–2025 · 103 observations · forecasts to 2026 · cons

2025
1,740 trillionlocal currency
Change on 2024
+3.8%year on year
Average growth, 2015–2025
+4.5%a year
In US dollars, 2025
$1.22 trillionUS dollars

Total consumption

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100M10B1T100T10,000T192019401960198020002020South KoreaSouth Korea
ForecastLocal currency

Compare with other countries →Definition of Total consumption

Recent values

Millions of local currency

YearValue
20261,817,000,000Forecast
20251,740,000,000
20241,677,000,000
20231,621,000,000
20221,549,000,000
20211,425,000,000
20201,334,000,000
20191,350,000,000
20181,296,000,000
20171,229,000,000
20161,167,000,000

Sources

  • Cha et al.1911–2015
  • Asian Historical Statistics1953–2013
  • Penn World Table1953–2019
  • WDI (archive)1960–1997
  • IMF International Financial Statistics1960–2025
  • OECD Economic Outlook1960–2025
  • World Development Indicators1960–2025
  • United Nations1970–2024
  • OECD Economic Outlook (forecast)2025–2027

Please cite: Müller, K., Xu, C., Lehbib, M., & Chen, Z. (2025). The Global Macro Database: A New International Macroeconomic Dataset. NBER Working Paper 33714. BibTeX →

GMD release 2026_09 · License & terms