Korea GDP: USD: Final Consumption Expenditure: Household: Include Discrepancy

Korea GDP: USD: Final Consumption Expenditure: Household: Include Discrepancy data was reported at 688.407 USD bn in 2016. This records an increase from the previous number of 679.092 USD bn for 2015. Korea GDP: USD: Final Consumption Expenditure: Household: Include Discrepancy data is updated yearly, averaging 95.567 USD bn from Dec 1960 (Median) to 2016, with 57 observations. The data reached an all-time high of 710.568 USD bn in 2014 and a record low of 2.029 USD bn in 1961. Korea GDP: USD: Final Consumption Expenditure: Household: Include Discrepancy data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Korea – Table KR.World Bank: Gross Domestic Product: Nominal. Household final consumption expenditure (formerly private consumption) is the market value of all goods and services, including durable products (such as cars, washing machines, and home computers), purchased by households. It excludes purchases of dwellings but includes imputed rent for owner-occupied dwellings. It also includes payments and fees to governments to obtain permits and licenses. Here, household consumption expenditure includes the expenditures of nonprofit institutions serving households, even when reported separately by the country. This item also includes any statistical discrepancy in the use of resources relative to the supply of resources. Data are in current U.S. dollars.; ; World Bank national accounts data, and OECD National Accounts data files.; Gap-filled total;

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