Annual household consumption expenditure South Korea 2012-2023

Published by L. Yoon, Dec 15, 2023
In 2023, the average annual household expenditure in South Korea amounted to approximately 29.87 million South Korean won, a slight increase from about 28.56 million won in the previous year. The 2023 amount was the highest average expenditure since 2012.

Average annual household consumption expenditure in South Korea from 2012 to 2023 (in million South Korean won)

© Statista 2024
Download
Show detailed source information?
Register for free
Already a member?
Log in
Sources

Use Ask Statista Research Service

Release date

December 2023

Region

South Korea

Survey time period

2012 to 2023

Supplementary notes

Household consumption expenditure includes consumer spending on products and services for food and drinks, housing, education, health, transport, communication, and others.

1,000 South Korean won equals 0.77 U.S. dollars or 0.70 euros as of December 2023.

Values have been rounded.

Reference period is the calendar year preceding the survey year.

Citation formats
Statista Accounts: Access All Statistics. Starting from $2,388 USD / Year
Basic Account
Get to know the platform

You only have access to basic statistics.
This statistic is not included in your account.

Starter Account
The ideal entry-level account for individual users
  • Instant access to 1m statistics
  • Download in XLS, PDF & PNG format
  • Detailed references
$199 USD / Month *
Professional Account
Full access

Business Solutions including all features.

* Prices do not include sales tax.

Statistics on " Demographics of South Korea "

The most important statistics
The most important statistics
The most important statistics
The most important statistics
The most important statistics
The most important statistics

Other statistics that may interest you Demographics of South Korea

Population

8

Age structure

7

Births and deaths

6

Marriages and divorces

5

Households

6

Income and expenditure

8

Further related statistics

14

Further Content: You might find this interesting as well

Statistics

Topics

Demographics of South KoreaWomen in South KoreaUnemployment in South KoreaEconomic impact of the coronavirus (COVID-19) in South KoreaWeddings in South Korea
Statista Accounts: Access All Statistics. Starting from $2,388 USD / Year
Learn more about how Statista can support your business.
Menu