Italy vs Republic of Korea: Final consumption expenditure
Final consumption expenditure over time
- Italy
- Republic of Korea
How they compare
Italy currently reports 1.56 trillion constant 2015 US$ against 1.26 trillion constant 2015 US$ in Republic of Korea, a difference of 301.39 billion constant 2015 US$.
That makes Italy's figure about 1.2 times Republic of Korea's.
Across all 56 years both countries report, Italy has been ahead every year.
Italy ranks 9th and Republic of Korea ranks 12th of 171 countries.
Italy has averaged higher in every one of the 6 decades both report.
Head to head by decade
| Decade | Italy | Republic of Korea | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 782.72 billion constant 2015 US$ | 107.20 billion constant 2015 US$ | 675.52 billion constant 2015 US$ | Italy |
| 1980s | 1.07 trillion constant 2015 US$ | 208.04 billion constant 2015 US$ | 865.32 billion constant 2015 US$ | Italy |
| 1990s | 1.31 trillion constant 2015 US$ | 445.90 billion constant 2015 US$ | 865.01 billion constant 2015 US$ | Italy |
| 2000s | 1.51 trillion constant 2015 US$ | 712.48 billion constant 2015 US$ | 798.27 billion constant 2015 US$ | Italy |
| 2010s | 1.49 trillion constant 2015 US$ | 983.40 billion constant 2015 US$ | 510.40 billion constant 2015 US$ | Italy |
| 2020s | 1.50 trillion constant 2015 US$ | 1.19 trillion constant 2015 US$ | 304.62 billion constant 2015 US$ | Italy |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher final consumption expenditure, Italy or Republic of Korea?
- Italy, at 1.56 trillion constant 2015 US$ against 1.26 trillion constant 2015 US$ in Republic of Korea as of 2025.
- What is the difference in final consumption expenditure between Italy and Republic of Korea?
- 301.39 billion constant 2015 US$, with Italy ahead.
- How many years of comparable data are there for Italy and Republic of Korea?
- 56 years are reported by both, from 1970 to 2025.
- How do Italy and Republic of Korea rank globally for final consumption expenditure?
- Italy ranks 9th and Republic of Korea ranks 12th of 171 countries.
- Where does this data come from?
- Country official statistics, National Statistical Organizations and/or Central Banks, published as Final consumption expenditure (constant 2015 US$). 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.