South Korea Household Final Consumption (% of GDP) (2024)
South Korea's Household Final Consumption (% of GDP): 48.5 % of GDP in 2024, -1.5pp YoY. World Bank (NE.CON.PRVT.ZS), 1990–2024.
South Korea (2024)
48.5
% of GDP
-1.5pp YoY
YoY Change
-1.5pp
percentage points
Trend
down
Series length
35
years of data
Data
| Year | % of GDP | YoY Change |
|---|---|---|
| 2024 | 48.5 | -1.5pp |
| 2023 | 49.9 | +0.9pp |
| 2022 | 49 | +1.9pp |
| 2021 | 47.1 | -0.7pp |
| 2020 | 47.8 | -2.3pp |
| 2019 | 50.1 | +0.7pp |
| 2018 | 49.4 | +0.5pp |
| 2017 | 49 | -0.3pp |
| 2016 | 49.2 | -0.5pp |
| 2015 | 49.8 | -1.3pp |
| 2014 | 51.1 | -0.5pp |
| 2013 | 51.5 | -0.7pp |
| 2012 | 52.3 | +0.1pp |
| 2011 | 52.1 | +0.9pp |
| 2010 | 51.2 | -1.3pp |
| 2009 | 52.5 | -0.8pp |
| 2008 | 53.3 | +0.2pp |
| 2007 | 53.1 | -0.5pp |
| 2006 | 53.6 | +0.8pp |
| 2005 | 52.8 | n/a |
About this Dataset
South Korea recorded 48.5 % of GDP in 2024. The most recent year-on-year change was -1.5pp. The historical series (1990–2024) shows a peak of 56.3 in 2002 and a trough of 47.1 in 2021.
Data sourced from World Bank Open Data API. Values use World Bank standardised methodology ensuring cross-country comparability.
The chart above shows the full historical trend; the table below lists annual values with year-on-year changes.
Frequently Asked Questions
This indicator tracks south korea household final consumption (% of gdp) in South Korea, published by World Bank. Data covers 1990–2024 at annual frequency using harmonised methodology.
The most recent observation covers 2024. World Bank typically publishes this series with a lag of several months after the reference period. Data is updated annual.
The series peaked at 56.3 % of GDP in 2002 and reached its lowest recorded value of 47.1 in 2021. The latest reading of 48.5 in 2024 represents a year-on-year change of -1.5pp.