Annual household final consumption expenditure of durable goods and in Korea
Korea: Annual household final consumption expenditure of durable goods and was 120.58 Index in 2024. ◆ Volatile
Annual household final consumption expenditure of durable goods and in Korea, 1970–2024
Source: Organisation for Economic Co-operation and Development. Measured in Index.
Analysis
In 2024, annual household final consumption expenditure of durable goods and in Korea stood at 120.58 Index. That is the highest value across all 55 years on record.
The figure is up 2.6% on the previous year and up 28.1% over ten years.
Over the whole period, annual household final consumption expenditure of durable goods and in Korea peaked at 120.58 Index in 2024 and was at its lowest, 2.95 Index, in 1970.
The series is highly variable year to year, so single readings are best treated with caution.
Annual household final consumption expenditure of durable goods and in Korea, year by year
| Year | Index | Change |
|---|---|---|
| 1970 | 2.95 Index | — |
| 1971 | 3.46 Index | +17.3% |
| 1972 | 3.93 Index | +13.6% |
| 1973 | 4.43 Index | +12.7% |
| 1974 | 5.96 Index | +34.5% |
| 1975 | 7.54 Index | +26.5% |
| 1976 | 8.94 Index | +18.6% |
| 1977 | 10.32 Index | +15.4% |
| 1978 | 12.53 Index | +21.4% |
| 1979 | 14.67 Index | +17.1% |
| 1980 | 18.49 Index | +26.0% |
| 1981 | 22.4 Index | +21.1% |
| 1982 | 22.78 Index | +1.7% |
| 1983 | 22.57 Index | -0.9% |
| 1984 | 23.11 Index | +2.4% |
| 1985 | 23.79 Index | +2.9% |
| 1986 | 23.42 Index | -1.6% |
| 1987 | 23.94 Index | +2.2% |
| 1988 | 24.87 Index | +3.9% |
| 1989 | 25.92 Index | +4.2% |
| 1990 | 27.62 Index | +6.6% |
| 1991 | 29.63 Index | +7.3% |
| 1992 | 30.65 Index | +3.4% |
| 1993 | 31.93 Index | +4.2% |
| 1994 | 35.22 Index | +10.3% |
| 1995 | 37.24 Index | +5.7% |
| 1996 | 39.63 Index | +6.4% |
| 1997 | 42.79 Index | +8.0% |
| 1998 | 48.34 Index | +13.0% |
| 1999 | 51.75 Index | +7.1% |
| 2000 | 55.02 Index | +6.3% |
| 2001 | 57.84 Index | +5.1% |
| 2002 | 59.65 Index | +3.1% |
| 2003 | 62.6 Index | +4.9% |
| 2004 | 66.21 Index | +5.8% |
| 2005 | 69.34 Index | +4.7% |
| 2006 | 71.12 Index | +2.6% |
| 2007 | 72.72 Index | +2.2% |
| 2008 | 77.6 Index | +6.7% |
| 2009 | 79.87 Index | +2.9% |
| 2010 | 83.67 Index | +4.8% |
| 2011 | 89.21 Index | +6.6% |
| 2012 | 92.45 Index | +3.6% |
| 2013 | 93.39 Index | +1.0% |
| 2014 | 94.1 Index | +0.8% |
| 2015 | 94.6 Index | +0.5% |
| 2016 | 94.51 Index | -0.1% |
| 2017 | 96.38 Index | +2.0% |
| 2018 | 98.24 Index | +1.9% |
| 2019 | 98.12 Index | -0.1% |
| 2020 | 100 Index | +1.9% |
| 2021 | 104.14 Index | +4.1% |
| 2022 | 112.06 Index | +7.6% |
| 2023 | 117.5 Index | +4.9% |
| 2024 | 120.58 Index | +2.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 7.47 Index | 2.95 Index | 14.67 Index | 10 |
| 1980s | 23.13 Index | 18.49 Index | 25.92 Index | 10 |
| 1990s | 37.48 Index | 27.62 Index | 51.75 Index | 10 |
| 2000s | 67.2 Index | 55.02 Index | 79.87 Index | 10 |
| 2010s | 93.47 Index | 83.67 Index | 98.24 Index | 10 |
| 2020s | 110.86 Index | 100 Index | 120.58 Index | 5 |
Countries ranked near Korea
More population data for Korea
- Africa's Development Dynamics (AfDD) Table 03 - Annual population -0.199 Percent per annum (2030)
- Africa's Development Dynamics (AfDD) Table 05 - Demographic estimates 45,771 Persons (2050)
- Africa's Development Dynamics (AfDD) Table 05 - Demographic estimates -0.1991 % change on previous year (2030)
- Annual Purchasing Power Parities and exchange rates — Purchasing 880.12 National currency per US dollar (2025)
- Population projections 37.18 million Persons (2070)
- Historical population data 51.68 million Persons (2025)
- Population by 5-year age groups - Regions 51.22 million Persons (2024)
- Population density - Regions 51.22 million Persons (2024)
- Population by broad age groups - Regions 51.22 million Persons (2024)
- NAAG Chapter 6: Government — Social benefits and social transfers in 12.51 Percentage of GDP (2024)
Frequently asked questions
- What is annual household final consumption expenditure of durable goods and in Korea?
- Annual household final consumption expenditure of durable goods and in Korea was 120.58 Index in 2024, according to Organisation for Economic Co-operation and Development.
- What is the highest annual household final consumption expenditure of durable goods and recorded in Korea?
- The highest recorded value was 120.58 Index in 2024.
- What is the lowest annual household final consumption expenditure of durable goods and recorded in Korea?
- The lowest recorded value was 2.95 Index in 1970.
- How does Korea rank for annual household final consumption expenditure of durable goods and?
- Korea ranks 1st out of 1 groups with data for 2024.
- Is annual household final consumption expenditure of durable goods and rising or falling in Korea?
- Over the last ten years it is up 28.1%. The long-run trend across the full record is volatile.
- Where does this Korea data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Annual household final consumption expenditure of durable goods and other goods and services (COICOP 2018) — Final consumption expenditure of non-durable goods. Statizoid updates them automatically from the source API.
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About this data
This table shows breakdowns of household final consumption expenditure on durable goods, semi-durable goods, non-durable goods, and services. Durable goods are defined as goods that can be used repeatedly or continuously over a period of considerably more than one year and have a substantially higher purchasers’ price than semi-durable goods and non-durable goods. Non-durable goods can only be used once or have a lifetime of considerably less than one year. Semi-durable goods differ from non-durable goods in that they can be used repeatedly or continuously over a period longer than a year and they differ from durable goods in that their expected lifetime of use, though longer than a year, is often significantly shorter and their purchasers’ price is substantially less. Data is presented for each country in national currency as well as in euros for the European Union and the euro area. The information is presented in current prices, but users can select chain linked volumes and previous year prices using the ‘Price base’ filter. These indicators were presented in the previous dissemination system in the SNA_TABLE5 dataset. See ANA Changes for information on changes in methodology: ANA Changes Explore also the GDP and non-financial accounts webpage: GDP and non-financial accounts webpage OECD statistics contact: STAT.Contact@oecd.org