Average household spending South Korea Q4 2019-Q4 2022

Published by L. Yoon, Feb 28, 2023
In the fourth quarter of 2022, a South Korean household spent an average of about 3.62 million South Korean won per year, down from about 3.28 million South Korean won in the same quarter of 2021. Real household spending in South Korea declined following the outbreak of the COVID-19 pandemic, but has started to increase again in the recent year.

Average household expenditure in South Korea from 4th quarter 2019 to 4th quarter 2022 (in million South Korean won)

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Release date

February 2023

Region

South Korea

Survey time period

Q4 2019 to Q4 2022

Special properties

real household expenditure

Supplementary notes

1,000 South Korean won equals 0.81 U.S. dollars or 0.75 euros as of February 2023.

Figures have been rounded.

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