Australia vs South Korea: Final consumption expenditure
Final consumption expenditure over time
- Australia
- South Korea
How they compare
Australia currently reports 1.35 trillion constant 2015 US$ against 1.26 trillion constant 2015 US$ in South Korea, a difference of 92.03 billion constant 2015 US$.
That makes Australia's figure about 1.1 times South Korea's.
Across all 66 years both countries report, Australia has been ahead every year.
Globally, Australia ranks 11th and South Korea ranks 12th of 171 countries.
Individual pages
About this data
Final consumption expenditure is expenditure on goods and services by resident institutional units for the direct satisfaction of human needs or wants, whether individual or collective. Final consumption expenditure can be measured for households, general government, the central bank and non-profit institutions serving households. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.