Iran vs South Korea: General government final consumption expenditure
General government final consumption expenditure over time
- Iran
- South Korea
How they compare
Iran currently reports 35,797.60 trillion current LCU against 470.02 trillion current LCU in South Korea, a difference of 35,327.58 trillion current LCU.
That makes Iran's figure about 76.2 times South Korea's.
The two have swapped places 1 time across 66 shared years of data; in 1960 it was South Korea ahead.
Globally, Iran ranks 1st and South Korea ranks 4th of 186 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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.