Korea, Rep. | General government final consumption expenditure (% of GDP)
General government final consumption expenditure (formerly general government consumption) includes all government current expenditures for purchases of goods and services (including compensation of employees). It also includes most expenditures on national defense and security, but excludes government military expenditures that are part of government capital formation. Limitations and exceptions: Because policymakers have tended to focus on fostering the growth of output, and because data on production are easier to collect than data on spending, many countries generate their primary estimate of GDP using the production approach. Moreover, many countries do not estimate all the components of national expenditures but instead derive some of the main aggregates indirectly using GDP (based on the production approach) as the control total. Statistical concept and methodology: Gross domestic product (GDP) from the expenditure side is made up of household final consumption expenditure, general government final consumption expenditure, gross capital formation (private and public investment in fixed assets, changes in inventories, and net acquisitions of valuables), and net exports (exports minus imports) of goods and services. Such expenditures are recorded in purchaser prices and include net taxes on products.
Publisher
The World Bank
Origin
Republic of Korea
Records
63
Source
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Korea, Rep. | General government final consumption expenditure (% of GDP)
14.24569828 1960
13.29134902 1961
13.55561629 1962
10.53037608 1963
8.20602947 1964
8.94876113 1965
9.68014258 1966
9.87362972 1967
10.15417331 1968
9.92000723 1969
9.89415719 1970
10.18033741 1971
10.46933946 1972
8.88317985 1973
9.60531309 1974
11.09013999 1975
10.80509646 1976
10.68728135 1977
9.91194418 1978
9.82985776 1979
11.90557104 1980
12.07172165 1981
11.78303478 1982
11.11778625 1983
10.55396717 1984
10.6165118 1985
10.2642306 1986
9.98489702 1987
9.91508596 1988
10.75567334 1989
10.97358247 1990
10.75279682 1991
11.060572 1992
10.74895624 1993
10.27548408 1994
10.03936485 1995
10.38983528 1996
10.21027974 1997
11.40300732 1998
11.0764338 1999
10.90000773 2000
11.75504896 2001
11.74164021 2002
12.15204839 2003
12.38732322 2004
12.86225735 2005
13.37064434 2006
13.44286962 2007
14.04856888 2008
14.66063278 2009
14.20483208 2010
14.37265846 2011
14.68586389 2012
14.97654181 2013
15.22522234 2014
15.08352973 2015
15.24002234 2016
15.41897247 2017
16.05172731 2018
17.07786565 2019
18.03934527 2020
18.15980062 2021
18.7672078 2022
Korea, Rep. | General government final consumption expenditure (% of GDP)
General government final consumption expenditure (formerly general government consumption) includes all government current expenditures for purchases of goods and services (including compensation of employees). It also includes most expenditures on national defense and security, but excludes government military expenditures that are part of government capital formation. Limitations and exceptions: Because policymakers have tended to focus on fostering the growth of output, and because data on production are easier to collect than data on spending, many countries generate their primary estimate of GDP using the production approach. Moreover, many countries do not estimate all the components of national expenditures but instead derive some of the main aggregates indirectly using GDP (based on the production approach) as the control total. Statistical concept and methodology: Gross domestic product (GDP) from the expenditure side is made up of household final consumption expenditure, general government final consumption expenditure, gross capital formation (private and public investment in fixed assets, changes in inventories, and net acquisitions of valuables), and net exports (exports minus imports) of goods and services. Such expenditures are recorded in purchaser prices and include net taxes on products.
Publisher
The World Bank
Origin
Republic of Korea
Records
63
Source
Create chart Download showed records Download Full dataset