South Korea vs Somalia: Final consumption expenditure
Final consumption expenditure over time
- South Korea
- Somalia
How they compare
South Korea currently reports 1,523.31 trillion constant LCU against 429.85 trillion constant LCU in Somalia, a difference of 1,093.46 trillion constant LCU.
That makes South Korea's figure about 3.5 times Somalia's.
Across all 43 years both countries report, South Korea has been ahead every year.
Globally, South Korea ranks 4th and Somalia ranks 6th of 176 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 varies by country. This series is expressed in local currency units.