Indonesia vs South Korea: Final consumption expenditure
Final consumption expenditure over time
- Indonesia
- South Korea
How they compare
Indonesia currently reports 8,309.82 trillion constant LCU against 1,523.31 trillion constant LCU in South Korea, a difference of 6,786.51 trillion constant LCU.
That makes Indonesia's figure about 5.5 times South Korea's.
Across all 66 years both countries report, Indonesia has been ahead every year.
Globally, Indonesia ranks 2nd 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.