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 971.76 trillion against 300.42 trillion in Japan, a difference of 671.34 trillion.
That makes Korea's figure about 3.2 times Japan's.
The two have swapped places 1 time across 66 shared years of data; in 1960 it was Japan ahead.
Japan ranks 3rd and Korea ranks 1st of 38 countries.
Across the 7 decades both report, Japan averaged higher in 3 and Korea in 4.
Head to head by decade
| Decade | Japan | Korea | Difference | Ahead |
|---|---|---|---|---|
| 1960s | 63.72 trillion | 40.80 trillion | 22.93 trillion | Japan |
| 1970s | 126.49 trillion | 90.65 trillion | 35.85 trillion | Japan |
| 1980s | 183.65 trillion | 177.49 trillion | 6.16 trillion | Japan |
| 1990s | 250.40 trillion | 387.96 trillion | 137.55 trillion | Korea |
| 2000s | 281.26 trillion | 615.52 trillion | 334.26 trillion | Korea |
| 2010s | 298.54 trillion | 803.86 trillion | 505.32 trillion | Korea |
| 2020s | 294.76 trillion | 917.52 trillion | 622.76 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 971.76 trillion against 300.42 trillion in Japan as of 2025.
- What is the difference in economic outlook no 115 — private final consumption expenditure between Japan and Korea?
- 671.34 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 3rd and Korea ranks 1st of 38 countries.
- Where does this data come from?
- Organisation for Economic Co-operation and Development, published as Economic Outlook No 115 — Private final consumption expenditure, volume. 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