Statistics Korea

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Title	Household Expenditure Trends in 2020
Date	2021-04-08
□ In 2020, the average monthly consumption expenditures of the nation recorded 2.40 million won per household, dropping by 2.3% from 2019. (A 2.8% year-on-year decrease in real consumption expenditures when reflecting price changes) ○ The consumption expenditures on 'Food and soft drinks' (14.6%), ‘Household equipment and housekeeping services’ (9.9%) and ‘Health’ (9.0%) showed a year-on-year increase. Whereas, the consumption expenditures on ‘Clothing and footwear’ (-14.5%), ‘Entertainment and culture’ (-22.6%), ‘Education’ (-22.3%) and ‘Restaurants and hotels’ (-7.7%) showed a year-on-year decrease. ○ As for consumption expenditures by item, 'Food and soft drinks' (15.9%) occupied the largest share of the total consumption expenditures, which was followed by 'Restaurants and hotels' (13.3%), 'Transportation' (12.0%) and 'Housing, water, electricity, gas and other fuels' (11.9%). ※ For more information, refer to the attached file.
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