Australia vs South Korea: Final consumption expenditure
Final consumption expenditure over time
- Australia
- South Korea
How they compare
Australia currently reports 1.35 trillion current US$ against 1.23 trillion current US$ in South Korea, a difference of 119.37 billion current US$.
That makes Australia's figure about 1.1 times South Korea's.
The two have swapped places 8 times across 66 shared years of data; in 1960 it was Australia ahead.
Australia ranks 14th and South Korea ranks 15th of 186 countries.
Across the 7 decades both report, Australia averaged higher in 4 and South Korea in 3.
Head to head by decade
| Decade | Australia | South Korea | Difference | Ahead |
|---|---|---|---|---|
| 1960s | 17.84 billion current US$ | 3.81 billion current US$ | 14.03 billion current US$ | Australia |
| 1970s | 61.98 billion current US$ | 20.39 billion current US$ | 41.59 billion current US$ | Australia |
| 1980s | 147.28 billion current US$ | 80.07 billion current US$ | 67.21 billion current US$ | Australia |
| 1990s | 272.32 billion current US$ | 286.52 billion current US$ | 14.20 billion current US$ | South Korea |
| 2000s | 490.66 billion current US$ | 576.35 billion current US$ | 85.69 billion current US$ | South Korea |
| 2010s | 1.03 trillion current US$ | 989.76 billion current US$ | 44.05 billion current US$ | Australia |
| 2020s | 1.20 trillion current US$ | 1.22 trillion current US$ | 10.87 billion current US$ | South Korea |
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 current US$ against 1.23 trillion current US$ in South Korea as of 2025.
- What is the difference in final consumption expenditure between Australia and South Korea?
- 119.37 billion current US$, with Australia ahead.
- How many years of comparable data are there for Australia and South Korea?
- 66 years are reported by both, from 1960 to 2025.
- How do Australia and South Korea rank globally for final consumption expenditure?
- Australia ranks 14th and South Korea ranks 15th of 186 countries.
- Where does this data come from?
- Country official statistics, National Statistical Offices (NSOs), published as Final consumption expenditure (current US$). 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 current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.