Oil Consumption by Korea from 1980 to 2014

한국의오일 소비량은 세계 10위 (경제규모는 13위) 입니다 . 한국의오일 소비량은 1998년까지는 빠른속도로 증가했습니다. 이유는 이기간 한국의 경제는 경의로운 경제성장률을 보여왔습니다. 하지만 아시아외환위기 이후로는 오일소비량이 크게늘지않고 서서히 늘다가 2008년 다시 한번 소비량이 줄었습니다. 그이후 다시 서서히 증가하지만 증가속도가 거의 달팽이가 기어가는 수준입니다. 한국경제성장속도가 낮기때문일것입니다.

The crude oil consumption is strongly related to the economic growth. The crude oil consumption by Korea had been increasing very fast during 80’s due to the strong economic growth of Korean economy. The big drop in 1998 was due to Asian currency crisis, but the consumptions grew again in 2000s at steady rate.  However, the oil consumption has been growing very slowly (almost at snail pace) since 2013 due to slow growth rate of Korea economy.

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The crude oil consumption had been growing very high before 1998. It was growing steady, but been growing very slowing since 2013.  The annual average growth rate of oil consumption by Korea from 1980 to 2014 is 4.7% which is slightly lower than the annual average growth rate of oil consumption by China.

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