Greenland vs Venezuela: Final consumption expenditure
Final consumption expenditure over time
- Greenland
- Venezuela
How they compare
Venezuela currently reports 16.82 billion constant LCU against 14.12 billion constant LCU in Greenland, a difference of 2.70 billion constant LCU.
That makes Venezuela's figure about 1.2 times Greenland's.
The two have swapped places 2 times across 21 shared years of data; in 2003 it was Venezuela ahead.
Globally, Greenland ranks 153rd and Venezuela ranks 151st 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.