South Korea Household Expenditure per Capita

2003 - 2023 | Yearly | USD | CEIC Data

Key information about South Korea Household Expenditure per Capita

  • South Korea Annual Household Expenditure per Capita reached 15,398.973 USD in Dec 2023, compared with the last update number of 14,314.247 USD in Dec 2022.
  • South Korea Annual Household Expenditure per Capita data is updated yearly, available from Dec 2003 to Dec 2023, with an averaged value of 10,987.557 USD.
  • The data reached an all-time high of 15,398.973 USD in Dec 2023 and a record low of 6,271.386 USD in Dec 2003.
  • In the latest reports, Retail Sales of South Korea dropped 0.473 % YoY in May 2023.

CEIC calculates Annual Household Expenditure per Capita from annual Monthly Household Expenditure multiplied by 12 and annual Average Household Size and converts it into USD. Statistics Korea provides Household Expenditure in local currency and Average Household Size. Federal Reserve Board average market exchange rate is used for currency conversions. Household Expenditure prior to 2017 excludes single person and farm households. Household Expenditure per Capita prior to 2019 is based on old methodology.

View South Korea's Household Expenditure per Capita from 2003 to 2023 in the chart:

South Korea Household Expenditure per Capita

What was South Korea's Household Expenditure per Capita in 2023?

South Korea Annual Household Expenditure per Capita reached 15,398.973 USD in Dec 2023, compared with the last update number of 14,314.247 USD in Dec 2022. See the table below for more data.

Last Previous Min Max Unit Frequency Range
15,398.973 2023 14,314.247 2022 6,271.386 2003 15,398.973 2023 USD yearly 2003 - 2023

Household Expenditure per Capita by Country Comparison

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Includes Household Expenditure per Capita on 74 economies standardised by CEIC. Instant access to full history data in excel.
country/region Last Frequency Range
Armenia (USD) 1,190.878 2021 yearly 1996 - 2021
Australia (USD) 27,595.458 2016 yearly 2004 - 2016
Austria (USD) 19,784.084 2019 yearly 1999 - 2019
Azerbaijan (USD) 3,860.678 2022 yearly 2000 - 2022
Bangladesh (USD) 967.146 2022 yearly 2000 - 2022
Belgium (USD) 19,127.378 2022 yearly 1999 - 2022
Botswana (USD) 1,112.824 2003 yearly 1994 - 2003
Brazil (USD) 5,769.489 2017 yearly 2002 - 2017
Brunei (USD) 4,119.540 2015 yearly 2005 - 2015
Bulgaria (USD) 4,509.871 2022 yearly 1999 - 2022
Cambodia (USD) 1,252.868 2021 yearly 2009 - 2021
Chile (USD) 7,357.334 2017 yearly 2017 - 2017
China (USD) 4,660.367 2023 yearly 1957 - 2023
Croatia (USD) 4,449.842 2017 yearly 1998 - 2017
Czech Republic (USD) 7,340.138 2021 yearly 2006 - 2021
Egypt (USD) 950.771 2020 yearly 2005 - 2020
Estonia (USD) 6,522.886 2020 yearly 2010 - 2020
Finland (USD) 20,207.060 2016 yearly 1990 - 2016
Georgia (USD) 1,473.893 2022 yearly 2001 - 2022
Germany (USD) 18,766.086 2018 yearly 1998 - 2018
Ghana (USD) 1,161.488 2018 yearly 2006 - 2018
Greece (USD) 7,919.141 2022 yearly 2008 - 2022
Hong Kong SAR, China (USD) 16,528.216 2020 yearly 1990 - 2020
Hungary (USD) 4,444.141 2020 yearly 2000 - 2020
Iceland (USD) 17,805.253 2016 yearly 2002 - 2016
India (USD) 573.740 2012 yearly 1973 - 2012
Indonesia (USD) 1,143.438 2023 yearly 2000 - 2023
Ireland (USD) 19,069.327 2016 yearly 2005 - 2016
Israel (USD) 17,500.734 2021 yearly 2000 - 2021
Italy (USD) 15,016.703 2019 yearly 2011 - 2019
Japan (USD) 8,691.523 2023 yearly 2000 - 2023
Jordan (USD) 3,577.653 2016 yearly 2016 - 2016
Kazakhstan (USD) 1,873.115 2022 yearly 1997 - 2022
South Korea (USD) 15,398.973 2023 yearly 2003 - 2023
Kosovo (USD) 2,001.076 2022 yearly 2003 - 2022
Kyrgyzstan (USD) 663.722 2021 yearly 2004 - 2021
Latvia (USD) 5,681.782 2019 yearly 2002 - 2019
Lithuania (USD) 6,223.549 2021 yearly 2003 - 2021
Macau SAR, China (USD) 26,555.353 2018 yearly 2003 - 2018
North Macedonia (USD) 1,642.901 2022 yearly 2005 - 2022
Malawi (USD) 348.612 2011 yearly 2005 - 2011
Malaysia (USD) 3,865.421 2022 yearly 2005 - 2022
Mauritius (USD) 2,864.128 2017 yearly 1987 - 2017
Mexico (USD) 1,569.416 2020 yearly 2006 - 2020
Moldova (USD) 2,806.524 2023 yearly 2006 - 2023
Mongolia (USD) 1,889.489 2022 yearly 1997 - 2022
Montenegro (USD) 2,679.162 2021 yearly 2005 - 2021
Morocco (USD) 1,814.924 2012 yearly 1960 - 2012
Nepal (USD) 581.732 2015 yearly 2006 - 2015
Netherlands (USD) 18,752.114 2020 yearly 1994 - 2020
New Zealand (USD) 19,525.848 2023 yearly 2007 - 2023
Norway (USD) 34,978.543 2012 yearly 2005 - 2012
Oman (USD) 3,110.731 2011 yearly 2007 - 2011
Pakistan (USD) 525.459 2019 yearly 2002 - 2019
Palestinian Territory (USD) 3,102.630 2017 yearly 1997 - 2017
Poland (USD) 3,971.198 2022 yearly 1995 - 2022
Qatar (USD) 15,978.396 2013 yearly 1983 - 2013
Romania (USD) 5,552.321 2021 yearly 2001 - 2021
Russia (USD) 5,573.189 2023 yearly 2000 - 2023
Serbia (USD) 3,166.692 2022 yearly 2003 - 2022
Slovakia (USD) 6,278.373 2019 yearly 2004 - 2019
Slovenia (USD) 10,161.163 2018 yearly 2000 - 2018
Spain (USD) 13,438.164 2022 yearly 2006 - 2022
Sri Lanka (USD) 1,182.126 2019 yearly 1981 - 2019
Sweden (USD) 45,985.059 2012 yearly 2003 - 2012
Switzerland (USD) 48,874.685 2020 yearly 2006 - 2020
Taiwan (USD) 12,673.515 2022 yearly 1997 - 2022
Tajikistan (USD) 829.579 2021 yearly 2010 - 2021
Thailand (USD) 2,946.833 2021 yearly 1981 - 2021
Turkey (USD) 3,062.756 2019 yearly 2007 - 2019
Ukraine (USD) 1,916.533 2021 yearly 1999 - 2021
United Kingdom (USD) 14,365.462 2022 yearly 2006 - 2022
United States (USD) 30,402.917 2022 yearly 1984 - 2022
Vietnam (USD) 1,441.275 2022 yearly 1999 - 2022

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South Korea Key Series

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Includes 470 key indicators for South Korea, curated by CEIC analysts. Instant access to full history data in excel.
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -1.6 Dec 2023 quarterly Jun 2000 - Dec 2023
Consolidated Fiscal Balance (USD mn) -30,900.574 Feb 2024 monthly Jul 1999 - Feb 2024
Tax Revenue (USD mn) 9,088.625 Feb 2024 monthly Jan 2000 - Feb 2024
Tax Revenue: % of GDP (%) 22.7 Dec 2023 quarterly Mar 2000 - Dec 2023
National Government Debt (USD mn) 815,782.8 Sep 2023 quarterly Sep 2002 - Sep 2023
Government Debt: % of GDP (%) 49.9 Sep 2023 quarterly Sep 2002 - Sep 2023
Forecast: Government Expenditure (KRW bn) 679,848.650 2028 yearly 1995 - 2028
Forecast: Government Net Debt (KRW bn) 1,606,994.340 2028 yearly 1990 - 2028
Forecast: Government Revenue (KRW bn) 679,687.380 2028 yearly 1995 - 2028
National Debt (ND) (KRW bn) 1,067,700.000 2022 yearly 1997 - 2022
Central Govt Debt: Foreign (KRW bn) 11,791.000 Sep 2023 quarterly Dec 2002 - Sep 2023
Central Govt Debt (KRW bn) 1,099,561.000 Sep 2023 quarterly Sep 2002 - Sep 2023
Central Govt Debt: Domestic (KRW bn) 1,087,771.000 Sep 2023 quarterly Dec 2002 - Sep 2023
Central Govt Debt: Medium & Long Term (KRW bn) 1,099,507.000 Sep 2023 quarterly Sep 2002 - Sep 2023
Central Govt Debt: Short-Term (KRW bn) 0.000 Sep 2023 quarterly Sep 2002 - Sep 2023
Public Sector Debt (KRW bn) 1,588,700.000 2022 yearly 2011 - 2022
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 3.043 2028 yearly 1980 - 2028
Trade Balance (USD mn) 4,279.0 Mar 2024 monthly Jan 1966 - Mar 2024
Total Exports (USD mn) 56,563.0 Mar 2024 monthly Jan 1966 - Mar 2024
Total Exports Growth (%) 3.1 Mar 2024 monthly Jan 1967 - Mar 2024
Aluminum: Exports (USD th) 4,568,165.809 2022 yearly 1995 - 2022
Exports: Medicament (USD th) 1,062,354.931 2022 yearly 1995 - 2022
Exports: Medicinal and Pharmaceutical Product (USD th) 6,513,466.420 2022 yearly 1995 - 2022
Total Imports (USD mn) 52,284.0 Mar 2024 monthly Jan 1966 - Mar 2024
Total Imports Growth (%) -12.3 Mar 2024 monthly Jan 1967 - Mar 2024
Imports: Medicament (USD th) 4,532,213.079 2022 yearly 1995 - 2022
Imports: Medicinal and Pharmaceutical Product (USD th) 4,747,831.996 2022 yearly 1995 - 2022
Total Exports to USA (USD mn) 10,911.000 Mar 2024 monthly Apr 1964 - Mar 2024
Total Imports from USA (USD mn) 5,974.000 Mar 2024 monthly Apr 1964 - Mar 2024
Total Exports to China (USD mn) 10,520.000 Mar 2024 monthly Jan 1988 - Mar 2024
Total Imports from China (USD mn) 11,396.000 Mar 2024 monthly Jan 1988 - Mar 2024
Trade Balance: First 10 days (USD mn) -1,987.404 Apr 2024 monthly Jan 2016 - Apr 2024
Imports: First 10 days (USD mn) 18,428.230 Apr 2024 monthly Jan 2016 - Apr 2024
Exports: First 10 days (USD mn) 16,440.826 Apr 2024 monthly Jan 2016 - Apr 2024
Imports: Middle East: Qatar (USD th) 1,140,352.000 Feb 2024 monthly Jan 1993 - Feb 2024
Imports: Natural Gas: Quantity (Ton th) 4,552.00 Feb 2018 monthly Nov 1990 - Feb 2018
Motor Vehicle: Exports (Unit) 249,718.000 Mar 2024 monthly Jan 1981 - Mar 2024
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 3,304.1 Feb 2024 monthly Jan 1980 - Feb 2024
Current Account Balance (USD mn) 7,671.1 Feb 2024 monthly Jan 1980 - Feb 2024
Current Account Balance: % of GDP (USD mn) 7,671.1 Feb 2024 monthly Jan 1980 - Feb 2024
Foreign Direct Investment (USD mn) 2,558.8 Jun 2023 monthly Jan 1980 - Jun 2023
Foreign Direct Investment: % of GDP (%) 1.2 Dec 2023 quarterly Mar 1980 - Dec 2023
Foreign Portfolio Investment (USD mn) 7,450.600 Dec 2023 quarterly Mar 1980 - Dec 2023
Foreign Portfolio Investment: % of GDP (%) 1.7 Dec 2023 quarterly Mar 1980 - Dec 2023
Foreign Portfolio Investment: Equity Securities (USD mn) 3,253.2 Dec 2023 quarterly Mar 1980 - Dec 2023
Foreign Portfolio Investment: Debt Securities (USD mn) 4,197.400 Dec 2023 quarterly Mar 1980 - Dec 2023
External Debt (USD mn) 663,631.1 Dec 2023 quarterly Dec 1994 - Dec 2023
External Debt: % of GDP (%) 38.8 2023 yearly 1994 - 2023
External Debt: Short Term (USD mn) 136,202.8 Dec 2023 quarterly Dec 1994 - Dec 2023
External Debt: Short Term: % of GDP (%) 8.0 2023 yearly 1994 - 2023
Total Debt: % of GDP (%) 757.9 Dec 2023 quarterly Dec 2008 - Dec 2023
Forecast: Current Account Balance (USD bn) 66.020 2028 yearly 1980 - 2028
Net International Investment Position (USD mn) 779,876.500 Dec 2023 quarterly Dec 1994 - Dec 2023
BoP: CA: G&S: Goods: Exports fob (USD mn) 53,778.700 May 2018 monthly Jan 1980 - May 2018
BoP: CA: G&S: Services (SV) (USD mn) -2,093.900 May 2018 monthly Jan 1980 - May 2018
BoP: CA: G&S: Goods: Imports fob (USD mn) 42,392.700 May 2018 monthly Jan 1980 - May 2018
BoP: CA: Secondary Incomes: Credit (USD mn) 873.600 May 2018 monthly Jan 1980 - May 2018
BoP: CA: G&S: SV: Credit (USD mn) 8,183.800 May 2018 monthly Jan 1980 - May 2018
BoP: CA: Secondary Incomes: Debit (USD mn) 1,713.900 May 2018 monthly Jan 1980 - May 2018
BoP: CF: FA: Direct Investment (DI) (USD mn) 6,056.900 May 2018 monthly Jan 1980 - May 2018
BoP: CF: FA: PI: Portfolio Investment Asset (PIA) (USD mn) 3,416.100 May 2018 monthly Jan 1980 - May 2018
BoP: CF: FA: PI: Portfolio Investment Liabilities (PIL) (USD mn) 3,008.700 May 2018 monthly Jan 1980 - May 2018
BoP: CF: FA: Financial Derivatives (FD) (USD mn) -484.100 May 2018 monthly Mar 1987 - May 2018
BoP: CF: FA: FD: Assets (USD mn) -4,690.900 May 2018 monthly Mar 1987 - May 2018
BoP: CF: FA: FD: Liabilities (USD mn) -4,206.800 May 2018 monthly Mar 1987 - May 2018
BoP: CF: FA: Other Investment (OI) (USD mn) -2,828.400 May 2018 monthly Jan 1980 - May 2018
BoP: CF: FA: OI: Other Investment Assets (OIA) (USD mn) 4,833.400 May 2018 monthly Jan 1980 - May 2018
BoP: CF: FA: OI: Other Investment Liabilities (OIL) (USD mn) 7,661.800 May 2018 monthly Jan 1980 - May 2018
BoP: CF: FA: Portfolio Investment (PI) (USD mn) 407.400 May 2018 monthly Jan 1980 - May 2018
BoP: CF: FA: DI: Direct Investment Assets (USD mn) 6,294.200 May 2018 monthly Jan 1980 - May 2018
BoP: CA: G&S: SV: Debit (USD mn) 10,277.700 May 2018 monthly Jan 1980 - May 2018
BoP: sa: CA: Primary Income: Credit (USD mn) 6,100.500 Feb 2024 monthly Jan 1980 - Feb 2024
BoP: sa: CA: Secondary Income: Credit (USD mn) 802.100 Feb 2024 monthly Jan 1980 - Feb 2024
BoP: sa: CA: G&S: Goods: Imports fob (USD mn) 49,468.000 Feb 2024 monthly Jan 1980 - Feb 2024
BoP: sa: CA: G&S: Services: Debit (USD mn) 13,034.100 Feb 2024 monthly Jan 1980 - Feb 2024
BoP: sa: CA: G&S: Goods (USD mn) 8,227.000 Feb 2024 monthly Jan 1980 - Feb 2024
BoP: sa: CA: G&S: Goods: Exports fob (USD mn) 57,695.000 Feb 2024 monthly Jan 1980 - Feb 2024
BoP: sa: CA: G&S: Services (USD mn) -2,186.800 Feb 2024 monthly Jan 1980 - Feb 2024
BoP: sa: CA: Primary Income (USD mn) 2,187.800 Feb 2024 monthly Jan 1980 - Feb 2024
BoP: sa: CA: Primary Income: Debit (USD mn) 3,912.700 Feb 2024 monthly Jan 1980 - Feb 2024
BoP: sa: CA: Secondary Income (USD mn) -556.900 Feb 2024 monthly Jan 1980 - Feb 2024
BoP: sa: CA: Secondary Income: Debit (USD mn) 1,359.000 Feb 2024 monthly Jan 1980 - Feb 2024
BoP: sa: CA: G&S: Services: Credit (USD mn) 10,847.300 Feb 2024 monthly Jan 1980 - Feb 2024
International Investment Position: Liabilities (USD mn) 1,507,236.500 Dec 2023 quarterly Dec 1994 - Dec 2023
International Investment Position: Net (USD mn) 779,876.500 Dec 2023 quarterly Dec 1994 - Dec 2023
International Investment Position: Assets (USD mn) 2,287,113.000 Dec 2023 quarterly Dec 1994 - Dec 2023
External Debt: Gross: Long Term (LT) (USD mn) 527,428.300 Dec 2023 quarterly Dec 1994 - Dec 2023
ODI: Total Invested: Real Estate (USD mn) 725,563.42 Jun 2018 monthly Dec 1980 - Jun 2018
Smalll Business Health Index (SBHI): Economic Outlook (EO) (Index) 72.400 Feb 2024 monthly Jan 2015 - Feb 2024
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 0.4 Dec 2023 quarterly Jun 2001 - Dec 2023
Household Debt: % of GDP (%) 103.5 Dec 2023 quarterly Dec 2002 - Dec 2023
Non-Performing Loans (USD mn) 7,165.465 Dec 2023 quarterly Jun 2001 - Dec 2023
Money Supply M1 (USD mn) 916,308.413 Jan 2024 monthly Jan 1970 - Jan 2024
Money Supply M2 (USD mn) 2,934,712.413 Jan 2024 monthly Jan 1970 - Jan 2024
M2 Growth (%) 3.8 Jan 2024 monthly Jan 1971 - Jan 2024
Reserve Requirement Ratio (%) 7.0 Mar 2024 monthly Nov 1979 - Mar 2024
Foreign Exchange Reserves (USD mn) 395,420.3 Mar 2024 monthly Dec 1956 - Mar 2024
Foreign Exchange Reserves: % of GDP (%) 7.000 Mar 2024 monthly Nov 1979 - Mar 2024
Foreign Exchange Reserves: Months of Import (NA) 7.6 Mar 2024 monthly Jan 1971 - Mar 2024
Gold Reserves (USD mn) 4,794.759 Mar 2024 monthly Dec 1956 - Mar 2024
Total Deposits (USD mn) 1,873,942.617 Jan 2024 monthly Sep 1992 - Jan 2024
Total Deposits Growth (%) 3.8 Jan 2024 monthly Sep 1993 - Jan 2024
Domestic Credit (USD mn) 3,462,458.6 Feb 2024 monthly Dec 2001 - Feb 2024
Domestic Credit Growth (%) 4.9 Feb 2024 monthly Dec 2002 - Feb 2024
Debt Service Ratio: Households (%) 14.200 Sep 2023 quarterly Mar 1999 - Sep 2023
Debt Service Ratio: Private Non-Financial Sector (%) 23.800 Sep 2023 quarterly Mar 1999 - Sep 2023
Credit to Households (USD bn) 1,663.027 Sep 2023 quarterly Dec 1962 - Sep 2023
Credit to Private Non-Financial Sector (USD bn) 3,695.718 Sep 2023 quarterly Dec 1962 - Sep 2023
Household Debt (USD mn) 1,742,901.9 Mar 2023 quarterly Dec 2002 - Mar 2023
Total Loans (USD mn) 1,704,813.020 Jan 2024 monthly Jan 1965 - Jan 2024
Total Loans Growth (%) 4.94 Jan 2024 monthly Jan 1966 - Jan 2024
Private Debt: % of Nominal GDP (%) 176.79 Dec 2023 quarterly Mar 1991 - Dec 2023
Money Supply: New M2: Certificate of Deposit (KRW bn) 24,533.00 Mar 2018 monthly Jun 1984 - Mar 2018
Money Supply: New M1: sa (KRW bn) 1,223,180.100 Jan 2024 monthly Jan 1970 - Jan 2024
Money Supply: New M2: sa (KRW bn) 3,917,547.600 Jan 2024 monthly Jan 1970 - Jan 2024
Deposits: CSB: Corporations (KRW bn) 396,621.30 Mar 2018 monthly Jan 1975 - Mar 2018
Deposits: CSB: Households (KRW bn) 614,344.50 Mar 2018 monthly Jan 1975 - Mar 2018
Loans of CSBs: CH: Corporate (KRW bn) 796,021.70 Mar 2018 monthly Dec 2006 - Mar 2018
Loans of Commercial and Specialized Banks (CSB): Total (KRW bn) 1,525,815.40 Mar 2018 monthly Jan 1965 - Mar 2018
Loans of CSBs: CH: Household (KRW tn) 1,098.600 Mar 2024 monthly Dec 2013 - Mar 2024
Loans of CSBs: Corporate and Household (CH) (KRW tn) 2,371.400 Mar 2024 monthly Dec 2013 - Mar 2024
Loans of CSBs: CH: Household: Mortgage (KRW tn) 860.500 Mar 2024 monthly Dec 2013 - Mar 2024
KR: Non-performing Loans (NPL): Commercial & Specialized Banks (KRW bn) 12,186.500 Dec 2018 quarterly Jun 2001 - Dec 2018
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) 9.0 Mar 2024 monthly Feb 2004 - Mar 2024
Busniess Survey Index: Forecast: Manufacturing: sa (NA) 81.000 Jul 2018 monthly Feb 2003 - Jul 2018
Business Survey Index: Forecast: Non-manufacturing: sa (NA) 81.000 Jul 2018 monthly Feb 2003 - Jul 2018
BSI: Forecast: BC: Services (NA) 81.000 Jul 2018 monthly Sep 2009 - Jul 2018
Business Survey Index: Actual: Manufacturing: sa (NA) 79.000 Jun 2018 monthly Jan 2003 - Jun 2018
Business Survey Index: Actual: Non-manufacturing: sa (NA) 79.000 Jun 2018 monthly Jan 2003 - Jun 2018

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