Colombia vs South Korea: General government final consumption expenditure
General government final consumption expenditure over time
- Colombia
- South Korea
How they compare
South Korea currently reports 470.02 trillion current LCU against 287.16 trillion current LCU in Colombia, a difference of 182.86 trillion current LCU.
That makes South Korea's figure about 1.6 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 4th of 186 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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.