Chile vs Colombia: General government final consumption expenditure
General government final consumption expenditure over time
- Chile
- Colombia
How they compare
Colombia currently reports 171.23 trillion constant LCU against 35.92 trillion constant LCU in Chile, a difference of 135.30 trillion constant LCU.
That makes Colombia's figure about 4.8 times Chile's.
Across all 66 years both countries report, Colombia has been ahead every year.
Globally, Chile ranks 8th and Colombia ranks 5th of 175 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. 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 varies by country. This series is expressed in local currency units.