South Korea: Household consumption, percent of GDP

* indicates monthly or quarterly data series
 South Korea

Household consumption as percent of GDP

 Latest value 48.08
 Year 2022
 Measure percent
 Data availability 1960 - 2022
 Average 59.10
 Min - Max 45.96 - 85.11
 Source The World Bank
For that indicator, we provide data for South Korea from 1960 to 2022. The average value for South Korea during that period was 59.1 percent with a minimum of 45.96 percent in 2021 and a maximum of 85.11 percent in 1960. The latest value from 2022 is 48.08 percent. For comparison, the world average in 2022 based on 141 countries is 62.27 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series

Recent values chart
South Korea - Household consumption, percent of GDP - Recent values chart

Historical chart
South Korea - Household consumption, percent of GDP - historical chart - 1960-2022

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.

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 Related indicators Latest value Reference Measure
 Capital investment, percent of GDP 33.18 2022 percent
 Capital investment, in dollars 555.43 2022 billion U.S. dollars
 Household consumption, percent of GDP 48.08 2022 percent
 Household consumption, in dollars 804.83 2022 billion U.S. dollars
 Household consumption 301,726.50 Q3/2023 billion
 Consumption as percent of GDP 49.37 Q3/2023 percent
 Consumption growth 3.19 Q3/2023 percent
 Investment 193,086.40 Q3/2023 billion
 Investment as percent of GDP 31.60 Q3/2023 percent
 Investment growth 3.16 Q3/2023 percent
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