South Korea vs Spain: General government final consumption expenditure
General government final consumption expenditure over time
- South Korea
- Spain
How they compare
Spain currently reports 366.08 billion current US$ against 330.43 billion current US$ in South Korea, a difference of 35.65 billion current US$.
That makes Spain's figure about 1.1 times South Korea's.
The two have swapped places 2 times across 56 shared years of data; in 1970 it was Spain ahead.
Globally, South Korea ranks 15th and Spain ranks 13th 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.