Australia vs South Korea: Final consumption expenditure
Final consumption expenditure over time
- Australia
- South Korea
How they compare
Australia currently reports 1.35 trillion current US$ against 1.23 trillion current US$ in South Korea, a difference of 119.37 billion current US$.
That makes Australia's figure about 1.1 times South Korea's.
The two have swapped places 8 times across 66 shared years of data; in 1960 it was Australia ahead.
Globally, Australia ranks 14th and South Korea ranks 15th of 187 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 current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.