Consumer Spending in South Korea increased to 212175.70 KRW Billion in the first quarter of 2021 from 209654.40 KRW Billion in the fourth quarter of 2020. source: The Bank of Korea

Consumer Spending in South Korea averaged 90680.84 KRW Billion from 1960 until 2021, reaching an all time high of 224585.80 KRW Billion in the fourth quarter of 2019 and a record low of 7263.90 KRW Billion in the first quarter of 1960. This page provides - South Korea Consumer Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news. South Korea Consumer Spending - values, historical data and charts - was last updated on April of 2021.

Consumer Spending in South Korea is expected to be 219795.00 KRW Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Consumer Spending in South Korea to stand at 217692.00 in 12 months time. In the long-term, the South Korea Consumer Spending is projected to trend around 221343.00 KRW Billion in 2022 and 227762.00 KRW Billion in 2023, according to our econometric models.

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South Korea Consumer Spending

Actual Previous Highest Lowest Dates Unit Frequency
212175.70 209654.40 224585.80 7263.90 1960 - 2021 KRW Billion Quarterly
Constant Prices 2015, SA

South Korea Consumer Last Previous Highest Lowest Unit
Consumer Confidence 102.20 100.50 121.50 67.70 points [+]
Retail Sales MoM 2.30 -0.80 6.00 -12.50 percent [+]
Retail Sales YoY 10.90 8.30 20.20 -21.50 percent [+]
Consumer Spending 212175.70 209654.40 224585.80 7263.90 KRW Billion [+]
Disposable Personal Income 1938678.90 1925872.90 1938678.90 2866.70 KRW Billion [+]
Personal Savings 35.70 34.50 42.70 13.40 percent [+]
Consumer Credit 1726091.30 1681841.60 1726091.30 142746.90 KRW Billion [+]
Bank Lending Rate 2.74 2.72 17.01 2.63 percent [+]
Economic Optimism Index 101.00 97.00 117.00 55.00 Net Balance [+]
Gasoline Prices 1.38 1.35 1.84 0.54 USD/Liter [+]
Households Debt To GDP 101.10 98.60 101.10 1.40 percent of GDP [+]
Consumer Confidence Current Conditions 96.00 93.00 117.00 25.00 [+]
Consumer Confidence Economic Expectations 109.00 112.00 122.00 49.00 [+]
Consumer Confidence Financial Expectations 103.00 103.00 107.00 82.00 [+]
Consumer Confidence Major Purchases Expectations 97.00 96.00 97.00 73.00 [+]
Consumer Confidence Price Trends 139.00 139.00 163.00 129.00 [+]
Consumer Confidence Savings Expectations 97.00 97.00 102.00 82.00 [+]
Consumer Confidence Unemployment Expectations 110.00 121.00 121.00 41.00 [+]