Colombia vs South Korea: Final consumption expenditure
Final consumption expenditure over time
- Colombia
- South Korea
How they compare
South Korea currently reports 1,523.31 trillion constant LCU against 955.92 trillion constant LCU in Colombia, a difference of 567.38 trillion constant LCU.
That makes South Korea's figure about 1.6 times Colombia's.
The two have swapped places 1 time across 66 shared years of data; in 1960 it was Colombia ahead.
Globally, Colombia ranks 5th and South Korea ranks 4th of 176 countries.
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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 varies by country. This series is expressed in local currency units.