In 2023, the average annual household expenditure in South Korea amounted to approximately 29.87 million South Korean won, a slight increase from about 28.56 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 2012 to 2023
(in million South Korean won)
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 0.75 U.S. dollars or 0.67 euros as of September 2024.
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KOSIS. (February 28, 2024). Average annual household expenditure in South Korea from 2012 to 2023 (in million South Korean won) [Graph]. In Statista. Retrieved December 19, 2024, from https://www.statista.com/statistics/995777/south-korea-annual-household-consumption-expenditure/
KOSIS. "Average annual household expenditure in South Korea from 2012 to 2023 (in million South Korean won)." Chart. February 28, 2024. Statista. Accessed December 19, 2024. https://www.statista.com/statistics/995777/south-korea-annual-household-consumption-expenditure/
KOSIS. (2024). Average annual household expenditure in South Korea from 2012 to 2023 (in million South Korean won). Statista. Statista Inc.. Accessed: December 19, 2024. https://www.statista.com/statistics/995777/south-korea-annual-household-consumption-expenditure/
KOSIS. "Average Annual Household Expenditure in South Korea from 2012 to 2023 (in Million South Korean Won)." Statista, Statista Inc., 28 Feb 2024, https://www.statista.com/statistics/995777/south-korea-annual-household-consumption-expenditure/
KOSIS, Average annual household expenditure in South Korea from 2012 to 2023 (in million South Korean won) Statista, https://www.statista.com/statistics/995777/south-korea-annual-household-consumption-expenditure/ (last visited December 19, 2024)
Average annual household expenditure in South Korea from 2012 to 2023 (in million South Korean won) [Graph], KOSIS, February 28, 2024. [Online]. Available: https://www.statista.com/statistics/995777/south-korea-annual-household-consumption-expenditure/
