General Government Final Consumption Expenditure (As % of GDP) in South Korea

General government final consumption expenditure as a share of gdp reached 18.9% in 2023 in South Korea, according to the National Statistical Office. This is 0.700% more than in the previous year.

Historically, general government final consumption expenditure as a share of GDP in South Korea reached an all time high of 18.9% in 2023 and an all time low of 8.21% in 1964.

South Korea has been ranked 50th within the group of 153 countries we follow in terms of general government final consumption expenditure as a share of GDP.