Korea vs Latvia: Economic Outlook No 117 — Government final consumption expenditure
Economic Outlook No 117 — Government final consumption expenditure over time
- Korea
- Latvia
How they compare
Latvia currently reports 4.18 against 1.77 in Korea, a difference of 2.41.
That makes Latvia's figure about 2.4 times Korea's.
The two have swapped places 5 times across 31 shared years of data; in 1996 it was Korea ahead.
Korea ranks 2nd and Latvia ranks 1st of 3 groups.
Across the 4 decades both report, Korea averaged higher in 3 and Latvia in 1.
Head to head by decade
| Decade | Korea | Latvia | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 4.56 | 2.3 | 2.26 | Korea |
| 2000s | 5.27 | 1.77 | 3.51 | Korea |
| 2010s | 4.62 | 1.5 | 3.12 | Korea |
| 2020s | 3.12 | 4.75 | 1.63 | Latvia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher economic outlook no 117 — government final consumption expenditure, Korea or Latvia?
- Latvia, at 4.18 against 1.77 in Korea as of 2026.
- What is the difference in economic outlook no 117 — government final consumption expenditure between Korea and Latvia?
- 2.41, with Latvia ahead.
- How many years of comparable data are there for Korea and Latvia?
- 31 years are reported by both, from 1996 to 2026.
- How do Korea and Latvia rank globally for economic outlook no 117 — government final consumption expenditure?
- Korea ranks 2nd and Latvia ranks 1st of 3 groups.
- Where does this data come from?
- Organisation for Economic Co-operation and Development, published as Economic Outlook No 117 — Government final consumption expenditure, volume, growth. 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 (2025), OECD Economic Outlook No 117 (Edition 2025/1) EO117 Database documentation EO117 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