South Korea vs Spain: General government final consumption expenditure
General government final consumption expenditure over time
- South Korea
- Spain
How they compare
South Korea currently reports 332.27 billion constant 2015 US$ against 293.91 billion constant 2015 US$ in Spain, a difference of 38.37 billion constant 2015 US$.
That makes South Korea's figure about 1.1 times Spain's.
The two have swapped places 1 time across 56 shared years of data; in 1970 it was Spain ahead.
Globally, South Korea ranks 11th and Spain ranks 13th of 167 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. General government FCE includes all government current expenditures for purchases of goods and services (including compensation of employees), and most expenditures on national defense and security, but excludes government military expenditures that are part of government capital formation. 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 is 2015. This indicator is expressed in United States dollars.