East Asia & Pacific vs South Korea: Final consumption expenditure (constant 2015 US$)
Final consumption expenditure (constant 2015 US$) over time
- East Asia & Pacific
- South Korea
How they compare
East Asia & Pacific currently reports 20.45 trillion constant 2015 US$ against 1.26 trillion constant 2015 US$ in South Korea, a difference of 19.19 trillion constant 2015 US$.
That makes East Asia & Pacific's figure about 16.3 times South Korea's.
Across all 31 years both countries report, East Asia & Pacific has been ahead every year.
East Asia & Pacific ranks 9th and South Korea ranks 12th of 42 groups.
East Asia & Pacific has averaged higher in every one of the 4 decades both report.
Head to head by decade
| Decade | East Asia & Pacific | South Korea | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 6.33 trillion constant 2015 US$ | 512.26 billion constant 2015 US$ | 5.82 trillion constant 2015 US$ | East Asia & Pacific |
| 2000s | 8.66 trillion constant 2015 US$ | 712.48 billion constant 2015 US$ | 7.95 trillion constant 2015 US$ | East Asia & Pacific |
| 2010s | 13.78 trillion constant 2015 US$ | 983.40 billion constant 2015 US$ | 12.80 trillion constant 2015 US$ | East Asia & Pacific |
| 2020s | 18.56 trillion constant 2015 US$ | 1.19 trillion constant 2015 US$ | 17.37 trillion constant 2015 US$ | East Asia & Pacific |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher final consumption expenditure, East Asia & Pacific or South Korea?
- East Asia & Pacific, at 20.45 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 East Asia & Pacific and South Korea?
- 19.19 trillion constant 2015 US$, with East Asia & Pacific ahead.
- How many years of comparable data are there for East Asia & Pacific and South Korea?
- 31 years are reported by both, from 1995 to 2025.
- How do East Asia & Pacific and South Korea rank globally for final consumption expenditure?
- East Asia & Pacific ranks 9th and South Korea ranks 12th of 42 groups.
- Where does this data come from?
- Country official statistics, National Statistical Organizations and/or Central Banks, published as Final consumption expenditure (constant 2015 US$). Statizoid refreshes it automatically from the source and publishes the full history for both places.
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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.