Australia vs Upper middle income: Final consumption expenditure
Final consumption expenditure over time
- Australia
- Upper middle income
How they compare
Upper middle income currently reports 20.74 trillion current US$ against 1.35 trillion current US$ in Australia, a difference of 19.39 trillion current US$.
That makes Upper middle income's figure about 15.4 times Australia's.
Across all 65 years both countries report, Upper middle income has been ahead every year.
Australia ranks 14th and Upper middle income ranks 11th of 186 countries.
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.