Korea vs United States of America: Economic Outlook No 116 — General government final consumption
Economic Outlook No 116 — General government final consumption over time
- Korea
- United States of America
How they compare
Korea currently reports 468.90 trillion against 4.19 trillion in United States of America, a difference of 464.70 trillion.
That makes Korea's figure about 111.8 times United States of America's.
Across all 57 years both countries report, Korea has been ahead every year.
Korea ranks 1st and United States of America ranks 4th of 3 groups.
Korea has averaged higher in every one of the 6 decades both report.
Head to head by decade
| Decade | Korea | United States of America | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 1.27 trillion | 285.95 billion | 986.45 billion | Korea |
| 1980s | 9.77 trillion | 665.27 billion | 9.11 trillion | Korea |
| 1990s | 42.79 trillion | 1.13 trillion | 41.66 trillion | Korea |
| 2000s | 119.97 trillion | 1.92 trillion | 118.04 trillion | Korea |
| 2010s | 248.49 trillion | 2.65 trillion | 245.85 trillion | Korea |
| 2020s | 417.74 trillion | 3.72 trillion | 414.02 trillion | Korea |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher economic outlook no 116 — general government final consumption, Korea or United States of America?
- Korea, at 468.90 trillion against 4.19 trillion in United States of America as of 2026.
- What is the difference in economic outlook no 116 — general government final consumption between Korea and United States of America?
- 464.70 trillion, with Korea ahead.
- How many years of comparable data are there for Korea and United States of America?
- 57 years are reported by both, from 1970 to 2026.
- How do Korea and United States of America rank globally for economic outlook no 116 — general government final consumption?
- Korea ranks 1st and United States of America ranks 4th of 3 groups.
- Where does this data come from?
- Organisation for Economic Co-operation and Development, published as Economic Outlook No 116 — General government final consumption expenditure, nominal value, appropriation account. Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
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 116 (Edition 2024/2) EO116 Database documentation EO116 Last historical points OECD Economic Outlook website: https://www.oecd.org/economic-outlook/ Contact: eco.outlook@oecd.org