{"version":1,"asset_type":"statistical_series","data_type":"time_series","slug":"kr-household-consumption-gdp","url":"https://apiardata.com/statistics/kr-household-consumption-gdp","html_url":"https://apiardata.com/statistics/kr-household-consumption-gdp/","title":"South Korea Household Final Consumption (% of GDP) (2025)","description":"South Korea's Household Final Consumption (% of GDP): 48 % of GDP in 2025, -0.5pp YoY. World Bank (NE.CON.PRVT.ZS), 1976–2025.","domain":"macro","category":"Economy & Macro","keywords":["Economy & Macro","World Bank","South Korea","2025"],"publisher":"World Bank","frequency":"Annual","geography":"South Korea","temporal_coverage":"1976/2025","unit":"% of GDP","last_updated":"2026-07-25","last_updated_text":"25 July 2026","data_as_of":"2025","variable_measured":"South Korea Household Final Consumption (% of GDP)","license":"https://apiardata.com/data-license","is_accessible_for_free":true,"sources":[{"name":"World Bank","url":"https://data.worldbank.org/indicator/NE.CON.PRVT.ZS?locations=KR"}],"meta":[{"label":"Frequency","value":"Annual"},{"label":"Coverage","value":"1976–2025"},{"label":"Observations","value":"50"},{"label":"Geography","value":"South Korea"},{"label":"Last updated","value":"25 July 2026"}],"kpis":[{"label":"South Korea (2025)","value":"48","unit":"% of GDP","trend":{"direction":"down","value":"-0.5pp YoY"}},{"label":"YoY Change","value":"-0.5pp","unit":"percentage points"},{"label":"Trend","value":"down","unit":""},{"label":"Series length","value":"50","unit":"years of data"}],"series":[{"key":"value","label":"South Korea Household Final Consumption (% of GDP)"}],"observation_count":50,"observations":[{"period":"1976","value":64.2595716890255},{"period":"1977","value":61.0005712109672},{"period":"1978","value":59.6608154197566},{"period":"1979","value":59.9388212159283},{"period":"1980","value":62.5716787801125},{"period":"1981","value":62.566068018928},{"period":"1982","value":61.2863089003443},{"period":"1983","value":58.143936942185},{"period":"1984","value":56.1941046671592},{"period":"1985","value":55.6185960986741},{"period":"1986","value":52.956229402002},{"period":"1987","value":50.4679464656467},{"period":"1988","value":48.7203951023385},{"period":"1989","value":50.4932973421343},{"period":"1990","value":50.0506500329443},{"period":"1991","value":50.2308124060618},{"period":"1992","value":50.8400090211683},{"period":"1993","value":51.0900119699872},{"period":"1994","value":51.8489773675923},{"period":"1995","value":52.0868684666148},{"period":"1996","value":53.4499192939143},{"period":"1997","value":53.5959907368752},{"period":"1998","value":50.4651779702432},{"period":"1999","value":52.6964080569684},{"period":"2000","value":54.6008139906229},{"period":"2001","value":55.4672426732554},{"period":"2002","value":56.2767960764629},{"period":"2003","value":54.4504467518309},{"period":"2004","value":52.0528849055129},{"period":"2005","value":52.8103234052687},{"period":"2006","value":53.6213763666925},{"period":"2007","value":53.1403219962112},{"period":"2008","value":53.2921980204209},{"period":"2009","value":52.5417039915781},{"period":"2010","value":51.200788540329},{"period":"2011","value":52.1481999282606},{"period":"2012","value":52.2526173607959},{"period":"2013","value":51.5410854481736},{"period":"2014","value":51.0825916725013},{"period":"2015","value":49.7932416347652},{"period":"2016","value":49.2498253980602},{"period":"2017","value":48.9548601128333},{"period":"2018","value":49.4138963898146},{"period":"2019","value":50.1058294635048},{"period":"2020","value":47.8068503908128},{"period":"2021","value":47.1113066583303},{"period":"2022","value":49.0320281833727},{"period":"2023","value":49.9486442283876},{"period":"2024","value":48.4862941515628},{"period":"2025","value":48.0219630775252}],"table":{"columns":[{"key":"year","label":"Year"},{"key":"value","label":"% of GDP"},{"key":"yoyChange","label":"YoY Change"}],"rows":[{"year":"2025","value":"48.0","yoyChange":"-0.5pp"},{"year":"2024","value":"48.5","yoyChange":"-1.4pp"},{"year":"2023","value":"49.9","yoyChange":"+0.9pp"},{"year":"2022","value":"49.0","yoyChange":"+1.9pp"},{"year":"2021","value":"47.1","yoyChange":"-0.7pp"},{"year":"2020","value":"47.8","yoyChange":"-2.3pp"},{"year":"2019","value":"50.1","yoyChange":"+0.7pp"},{"year":"2018","value":"49.4","yoyChange":"+0.4pp"},{"year":"2017","value":"49.0","yoyChange":"-0.2pp"},{"year":"2016","value":"49.2","yoyChange":"-0.6pp"},{"year":"2015","value":"49.8","yoyChange":"-1.3pp"},{"year":"2014","value":"51.1","yoyChange":"-0.4pp"},{"year":"2013","value":"51.5","yoyChange":"-0.8pp"},{"year":"2012","value":"52.3","yoyChange":"+0.2pp"},{"year":"2011","value":"52.1","yoyChange":"+0.9pp"},{"year":"2010","value":"51.2","yoyChange":"-1.3pp"},{"year":"2009","value":"52.5","yoyChange":"-0.8pp"},{"year":"2008","value":"53.3","yoyChange":"+0.2pp"},{"year":"2007","value":"53.1","yoyChange":"-0.5pp"},{"year":"2006","value":"53.6","yoyChange":"+0.8pp"}]},"qa":[{"question":"What does this indicator measure?","answer":"This page tracks household final consumption expenditure as a share of GDP in South Korea from 1990 to present. Consumer spending weight reflects the importance of domestic demand as a growth driver relative to exports or investment. It is published by World Bank and updated annually."},{"question":"How current is this data?","answer":"The most recent observation covers 2025. World Bank typically publishes this series with a lag of several months after the reference period. The series runs 1976–2025 (50 observations)."},{"question":"What is the long-term trend?","answer":"The series peaked at 64.3 % of GDP in 1976 and reached its lowest recorded value of 47.1 in 2021. The latest reading of 48 in 2025 represents a change of -0.5pp."}]}