Consumer Spending in South Korea decreased to 210041.30 KRW Billion in the first quarter of 2020 from 223925.40 KRW Billion in the fourth quarter of 2019.

Consumer Spending in South Korea averaged 85985.95 KRW Billion from 1960 until 2020, reaching an all time high of 223925.40 KRW Billion in the fourth quarter of 2019 and a record low of 6809.67 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 July of 2020. source: The Bank of Korea

Consumer Spending in South Korea is expected to be 221376.00 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 217393.00 in 12 months time. In the long-term, the South Korea Consumer Spending is projected to trend around 232027.00 KRW Billion in 2021 and 237828.00 KRW Billion in 2022, according to our econometric models.

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South Korea Consumer Spending

Actual Previous Highest Lowest Dates Unit Frequency
210041.30 223925.40 223925.40 6809.67 1960 - 2020 KRW Billion Quarterly
Constant Prices 2015, SA

South Korea Consumer Last Previous Highest Lowest Unit
Consumer Confidence 81.80 77.60 121.50 67.70 points [+]
Retail Sales MoM 4.60 5.30 5.50 -12.50 percent [+]
Retail Sales YoY 1.70 -2.20 20.20 -21.50 percent [+]
Consumer Spending 210041.30 223925.40 223925.40 6809.67 KRW Billion [+]
Disposable Personal Income 1925872.90 1890779.40 1925872.90 2866.70 KRW Billion [+]
Personal Savings 35.00 34.60 42.70 13.40 percent [+]
Consumer Credit 1611271.40 1600132.20 1611271.40 142746.90 KRW Billion [+]
Bank Lending Rate 2.82 2.80 17.01 2.80 percent [+]
Economic Optimism Index 63.00 58.00 117.00 55.00 Net Balance [+]
Gasoline Prices 1.12 1.02 1.84 0.54 USD/Liter [+]
Households Debt To GDP 95.50 93.90 95.50 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 [+]