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Classification of household consumption in South Korea

South Korea: Classification of household consumption was 1 in 2023. ▬ Flat

Latest (2023)
1
Change on year
unchanged
World rank
1st
of 188 countries
All-time high
1
in 2004
All-time low
1
in 2004
Years of data
20
2004–2023

Classification of household consumption in South Korea, 2004–2023

00.20.40.60.812004201320232004: 12005: 12006: 12007: 12008: 12009: 12010: 12011: 12012: 12013: 12014: 12015: 12016: 12017: 12018: 12019: 12020: 12021: 12022: 12023: 1

Source: Statistical Performance Indicators, The World Bank (https://datacatalog.worldbank.org/dataset/statistical-performance-indicators).

Analysis

South Korea recorded 1 for classification of household consumption in 2023. That is the highest value across all 20 years on record.

That represents a change of unchanged over ten years.

Over the whole period, classification of household consumption in South Korea peaked at 1 in 2004 and was at its lowest, 1, in 2004.

South Korea ranks 1st of 188 countries on this measure, in the top 10%.

Averages by decade

DecadeAverage LowestHighest Years
2000s 1 1 1 6
2010s 1 1 1 10
2020s 1 1 1 4

Countries ranked near South Korea

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See the full ranking of 190 places →

More reference data data for South Korea

All data for South Korea →

Frequently asked questions

What is classification of household consumption in South Korea?
Classification of household consumption in South Korea was 1 in 2023, according to Statistical Performance Indicators, The World Bank (https://datacatalog.worldbank.org/dataset/statistical-performance-indicators).
What is the highest classification of household consumption recorded in South Korea?
The highest recorded value was 1 in 2004.
What is the lowest classification of household consumption recorded in South Korea?
The lowest recorded value was 1 in 2004.
How does South Korea rank for classification of household consumption?
South Korea ranks 1st out of 188 countries with data for 2023.
Is classification of household consumption rising or falling in South Korea?
Over the last ten years it is unchanged. The long-run trend across the full record is flat.
Where does this South Korea data come from?
The figures come from Statistical Performance Indicators, The World Bank (https://datacatalog.worldbank.org/dataset/statistical-performance-indicators), published as part of Classification of household consumption. Statizoid updates them automatically from the source API.

Download this data

CSV · JSON — 20 observations, free to reuse under CC BY 4.0 (World Bank Open Data).

About this data

Indicator
Classification of household consumption
Source
Statistical Performance Indicators, The World Bank (https://datacatalog.worldbank.org/dataset/statistical-performance-indicators)
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
190 places, 1,940 data points, 2004–2023
Last refreshed

Classification of Individual Consumption According to Purpose (COICOP) is used in household budget surveys, consumer price indices and international comparisons of gross domestic product (GDP) and its component expenditures. Although COICOP is not strictly linked to any particular model of consumer behavior, the classification is designed to broadly reflect differences in income elasticities. It is an integral part of the SNA1993 and more detailed subdivision of the classes provide comparability between countries and between statistics in these different areas.