Australia vs South Korea: General government final consumption expenditure
General government final consumption expenditure over time
- Australia
- South Korea
How they compare
Australia currently reports 416.33 billion current US$ against 330.43 billion current US$ in South Korea, a difference of 85.91 billion current US$.
That makes Australia's figure about 1.3 times South Korea's.
The two have swapped places 6 times across 66 shared years of data; in 1960 it was Australia ahead.
Globally, Australia ranks 12th and South Korea ranks 15th 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 indicator is expressed in United States dollars.