Australia vs South Korea: Final consumption expenditure (constant 2015 US$)
Final consumption expenditure (constant 2015 US$) over time
- Australia
- South Korea
How they compare
Australia currently reports 1.35 trillion constant 2015 US$ against 1.26 trillion constant 2015 US$ in South Korea, a difference of 92.03 billion constant 2015 US$.
That makes Australia's figure about 1.1 times South Korea's.
Across all 66 years both countries report, Australia has been ahead every year.
Australia ranks 11th and South Korea ranks 12th of 172 countries.
Australia has averaged higher in every one of the 7 decades both report.
Head to head by decade
| Decade | Australia | South Korea | Difference | Ahead |
|---|---|---|---|---|
| 1960s | 175.71 billion constant 2015 US$ | 48.41 billion constant 2015 US$ | 127.30 billion constant 2015 US$ | Australia |
| 1970s | 279.93 billion constant 2015 US$ | 107.20 billion constant 2015 US$ | 172.73 billion constant 2015 US$ | Australia |
| 1980s | 381.77 billion constant 2015 US$ | 208.04 billion constant 2015 US$ | 173.72 billion constant 2015 US$ | Australia |
| 1990s | 515.51 billion constant 2015 US$ | 445.90 billion constant 2015 US$ | 69.60 billion constant 2015 US$ | Australia |
| 2000s | 747.38 billion constant 2015 US$ | 712.48 billion constant 2015 US$ | 34.90 billion constant 2015 US$ | Australia |
| 2010s | 1.02 trillion constant 2015 US$ | 983.40 billion constant 2015 US$ | 36.60 billion constant 2015 US$ | Australia |
| 2020s | 1.25 trillion constant 2015 US$ | 1.19 trillion constant 2015 US$ | 60.92 billion constant 2015 US$ | Australia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher final consumption expenditure, Australia or South Korea?
- Australia, at 1.35 trillion constant 2015 US$ against 1.26 trillion constant 2015 US$ in South Korea as of 2025.
- What is the difference in final consumption expenditure between Australia and South Korea?
- 92.03 billion constant 2015 US$, with Australia ahead.
- How many years of comparable data are there for Australia and South Korea?
- 66 years are reported by both, from 1960 to 2025.
- How do Australia and South Korea rank globally for final consumption expenditure?
- Australia ranks 11th and South Korea ranks 12th of 172 countries.
- Where does this data come from?
- Country official statistics, National Statistical Organizations and/or Central Banks, published as Final consumption expenditure (constant 2015 US$). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
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. Final consumption expenditure can be measured for households, general government, the central bank and non-profit institutions serving households. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.