Republic of Korea - Final consumption expenditure in current prices

1,118,979,542,322 (US dollars) in 2022

In 2022, final consumption for Republic of Korea was 1,118,979 million US dollars. Between 1973 and 2022, final consumption of Republic of Korea grew substantially from 10,769 million to 1,118,979 million US dollars rising at an increasing annual rate that reached a maximum of 42.41% in 1974 and then decreased to -4.03% in 2022.

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What is final consumption?

Final consumption expenditure consists of household final consumption expenditure, government final consumption expenditure and final consumption expenditure of NPISH's.

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What is Republic of Korea final consumption?