Korea vs Somalia: Final consumption expenditure
Final consumption expenditure over time
- Korea
- Somalia
How they compare
Korea currently reports 1,523.31 trillion constant LCU against 429.85 trillion constant LCU in Somalia, a difference of 1,093.46 trillion constant LCU.
That makes Korea's figure about 3.5 times Somalia's.
Across all 43 years both countries report, Korea has been ahead every year.
Korea ranks 4th and Somalia ranks 6th of 176 countries.
Korea has averaged higher in every one of the 5 decades both report.
Head to head by decade
| Decade | Korea | Somalia | Difference | Ahead |
|---|---|---|---|---|
| 1960s | 58.71 trillion constant LCU | 51.55 billion constant LCU | 58.66 trillion constant LCU | Korea |
| 1970s | 130.01 trillion constant LCU | 67.97 billion constant LCU | 129.94 trillion constant LCU | Korea |
| 1980s | 252.32 trillion constant LCU | 97.51 billion constant LCU | 252.22 trillion constant LCU | Korea |
| 2010s | 1,241.13 trillion constant LCU | 284.08 trillion constant LCU | 957.05 trillion constant LCU | Korea |
| 2020s | 1,444.92 trillion constant LCU | 377.07 trillion constant LCU | 1,067.85 trillion constant LCU | Korea |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher final consumption expenditure, Korea or Somalia?
- Korea, at 1,523.31 trillion constant LCU against 429.85 trillion constant LCU in Somalia as of 2025.
- What is the difference in final consumption expenditure between Korea and Somalia?
- 1,093.46 trillion constant LCU, with Korea ahead.
- How many years of comparable data are there for Korea and Somalia?
- 43 years are reported by both, from 1960 to 2025.
- How do Korea and Somalia rank globally for final consumption expenditure?
- Korea ranks 4th and Somalia ranks 6th of 176 countries.
- Where does this data come from?
- Country official statistics, National Statistical Organizations and/or Central Banks, published as Final consumption expenditure (constant LCU). 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 varies by country. This series is expressed in local currency units.