Annual household expenditure South Korea 2015-2024

Published by L. Yoon, Mar 4, 2025

In 2024, the average annual household expenditure in South Korea amounted to approximately 31.7 million South Korean won, a slight increase from about 29.9 million won in the previous year. The annual household expenditure has been steadily increasing over the past few years.

Average annual household expenditure in South Korea from 2015 to 2024 (in million South Korean won)

CharacteristicExpenditure in million South Korean won
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Showing entries 1 to 10 (10 entries in total)
Statistic: Average annual household expenditure in South Korea from 2015 to 2024 (in million South Korean won)

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Release date

December 2024

Region

South Korea

Survey time period

2015 to 2024

Supplementary notes

The figures refer to the expenditures made in the previous year.

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 0.69 U.S. dollars or 0.65 euros as of March 2025.

Values have been rounded.

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