Consumer Spending in South Korea increased to 213186.30 KRW Billion in the second quarter of 2020 from 210078.60 KRW Billion in the first quarter of 2020.

Consumer Spending in South Korea averaged 89182.02 KRW Billion from 1960 until 2020, reaching an all time high of 224585.80 KRW Billion in the fourth quarter of 2019 and a record low of 7263.90 KRW Billion in the first quarter of 1960. This page provides - South Korea Consumer Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news. South Korea Consumer Spending - values, historical data and charts - was last updated on September of 2020. source: The Bank of Korea

Consumer Spending in South Korea is expected to be 221376.00 KRW Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Consumer Spending in South Korea to stand at 217393.00 in 12 months time. In the long-term, the South Korea Consumer Spending is projected to trend around 232027.00 KRW Billion in 2021 and 237828.00 KRW Billion in 2022, according to our econometric models.

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South Korea Consumer Spending

Actual Previous Highest Lowest Dates Unit Frequency
213186.30 210078.60 224585.80 7263.90 1960 - 2020 KRW Billion Quarterly
Constant Prices 2015, SA

South Korea Consumer Last Previous Highest Lowest Unit
Consumer Confidence 79.40 88.20 121.50 67.70 points [+]
Retail Sales MoM -6.00 3.40 5.50 -12.50 percent [+]
Retail Sales YoY 0.50 6.30 20.20 -21.50 percent [+]
Consumer Spending 213186.30 210078.60 224585.80 7263.90 KRW Billion [+]
Disposable Personal Income 1925872.90 1890779.40 1925872.90 2866.70 KRW Billion [+]
Personal Savings 34.50 36.00 42.70 13.40 percent [+]
Consumer Credit 1637276.40 1611271.40 1637276.40 142746.90 KRW Billion [+]
Bank Lending Rate 2.70 2.72 17.01 2.70 percent [+]
Economic Optimism Index 80.00 70.00 117.00 55.00 Net Balance [+]
Gasoline Prices 1.15 1.14 1.84 0.54 USD/Liter [+]
Households Debt To GDP 95.90 95.50 95.90 1.40 percent of GDP [+]
Consumer Confidence Current Conditions 96.00 93.00 117.00 25.00 [+]
Consumer Confidence Economic Expectations 109.00 112.00 122.00 49.00 [+]
Consumer Confidence Financial Expectations 103.00 103.00 107.00 82.00 [+]
Consumer Confidence Major Purchases Expectations 97.00 96.00 97.00 73.00 [+]
Consumer Confidence Price Trends 139.00 139.00 163.00 129.00 [+]
Consumer Confidence Savings Expectations 97.00 97.00 102.00 82.00 [+]
Consumer Confidence Unemployment Expectations 110.00 121.00 121.00 41.00 [+]