Consumer Spending in South Korea decreased to 209654.40 KRW Billion in the fourth quarter of 2020 from 212925.80 KRW Billion in the third quarter of 2020. source: The Bank of Korea

Consumer Spending in South Korea averaged 90182.91 KRW Billion from 1960 until 2020, 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 February of 2021.

Consumer Spending in South Korea is expected to be 213860.00 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 215944.00 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
209654.40 212925.80 224585.80 7263.90 1960 - 2020 KRW Billion Quarterly
Constant Prices 2015, SA

South Korea Consumer Last Previous Highest Lowest Unit
Consumer Confidence 97.40 95.40 121.50 67.70 points [+]
Retail Sales MoM 0.20 -1.00 5.50 -12.50 percent [+]
Retail Sales YoY -2.00 -1.50 20.20 -21.50 percent [+]
Consumer Spending 209654.40 212925.80 224585.80 7263.90 KRW Billion [+]
Disposable Personal Income 1925872.90 1890779.40 1925872.90 2866.70 KRW Billion [+]
Personal Savings 34.50 36.00 42.70 13.40 percent [+]
Consumer Credit 1682119.60 1637276.40 1682119.60 142746.90 KRW Billion [+]
Bank Lending Rate 2.74 2.71 17.01 2.63 percent [+]
Economic Optimism Index 93.00 83.00 117.00 55.00 Net Balance [+]
Gasoline Prices 1.32 1.28 1.84 0.54 USD/Liter [+]
Households Debt To GDP 98.60 95.90 98.60 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 [+]