Colombia vs South Korea: Final consumption expenditure
Final consumption expenditure over time
- Colombia
- South Korea
How they compare
South Korea currently reports 1,749.01 trillion current LCU against 1,644.11 trillion current LCU in Colombia, a difference of 104.90 trillion current LCU.
That makes South Korea's figure about 1.1 times Colombia's.
Across all 66 years both countries report, South Korea has been ahead every year.
Globally, Colombia ranks 6th and South Korea ranks 5th of 187 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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.