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South Korea: Household consumption

Millions of local currency · 1911–2025 · 103 observations · forecasts to 2027 · hcons

2025
1,280 trillionlocal currency
Change on 2024
+3.2%year on year
Average growth, 2015–2025
+4.0%a year
In US dollars, 2025
$900 billionUS dollars

Household consumption

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100M10B1T100T10,000T192019401960198020002020South KoreaSouth Korea
ForecastLocal currency

Compare with other countries →Definition of Household consumption

Recent values

Millions of local currency

YearValue
20271,394,071,168Forecast
20261,337,754,112Forecast
20251,278,938,240
20241,239,725,440
20231,203,106,816
20221,139,397,248
20211,046,772,224
2020984,087,872
20191,022,456,704
2018991,724,416
2017946,901,632
2016902,762,368

Sources

  • Cha et al.1911–2015
  • Penn World Table1953–2019
  • OECD Economic Outlook1960–2025
  • World Development Indicators1960–2025
  • United Nations1970–2024
  • OECD Economic Outlook (forecast)2025–2027

Compare these sources →

South Korea documentation (PDF)

More for South Korea

Real GDP per capita (USD)Nominal GDPReal GDPInflationUnemployment rateGovernment debt (% of GDP)All 76 series →

Household consumption elsewhere

United StatesChinaJapanGermanyUnited KingdomFrance

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 →

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