Japan vs Korea: Economic Outlook No 115 — Private final consumption expenditure
Economic Outlook No 115 — Private final consumption expenditure over time
- Japan
- Korea
How they compare
Korea currently reports 1,190.11 trillion against 336.40 trillion in Japan, a difference of 853.71 trillion.
That makes Korea's figure about 3.5 times Japan's.
The two have swapped places 3 times across 66 shared years of data; in 1960 it was Japan ahead.
Japan ranks 4th and Korea ranks 1st of 37 countries.
Across the 7 decades both report, Japan averaged higher in 4 and Korea in 3.
Head to head by decade
| Decade | Japan | Korea | Difference | Ahead |
|---|---|---|---|---|
| 1960s | 18.20 trillion | 724.63 billion | 17.48 trillion | Japan |
| 1970s | 75.11 trillion | 7.94 trillion | 67.17 trillion | Japan |
| 1980s | 172.95 trillion | 49.68 trillion | 123.27 trillion | Japan |
| 1990s | 268.28 trillion | 207.73 trillion | 60.54 trillion | Japan |
| 2000s | 290.44 trillion | 494.36 trillion | 203.92 trillion | Korea |
| 2010s | 296.47 trillion | 801.49 trillion | 505.02 trillion | Korea |
| 2020s | 314.04 trillion | 1,053.22 trillion | 739.18 trillion | Korea |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher economic outlook no 115 — private final consumption expenditure, Japan or Korea?
- Korea, at 1,190.11 trillion against 336.40 trillion in Japan as of 2025.
- What is the difference in economic outlook no 115 — private final consumption expenditure between Japan and Korea?
- 853.71 trillion, with Korea ahead.
- How many years of comparable data are there for Japan and Korea?
- 66 years are reported by both, from 1960 to 2025.
- How do Japan and Korea rank globally for economic outlook no 115 — private final consumption expenditure?
- Japan ranks 4th and Korea ranks 1st of 37 countries.
- Where does this data come from?
- Organisation for Economic Co-operation and Development, published as Economic Outlook No 115 — Private final consumption expenditure, nominal value, GDP expenditure approach. Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
May 2024 - The OECD Economic Outlook presents the OECD’s analysis of the major global economic trends and prospects for the next two years. The Outlook puts forward a consistent set of projections for output, employment, government spending, prices and current balances based on a review of each member country and of the induced effect on each of them on international developments. OECD (2024), OECD Economic Outlook No 115 (Edition 2024/1) EO115 Database documentation EO115 Last historical points gdp inflation cpi population unemployment real gdp gdp per capita employment OECD Economic Outlook website: https://www.oecd.org/economic-outlook/ Contact: eco.outlook@oecd.org Keywords: Outlook, forecasts, forecast, GDP