East Asia & Pacific vs South Korea: Final consumption expenditure
Final consumption expenditure over time
- East Asia & Pacific
- South Korea
How they compare
East Asia & Pacific currently reports 19.98 trillion current US$ against 1.23 trillion current US$ in South Korea, a difference of 18.75 trillion current US$.
That makes East Asia & Pacific's figure about 16.2 times South Korea's.
Across all 65 years both countries report, East Asia & Pacific has been ahead every year.
East Asia & Pacific ranks 12th and South Korea ranks 15th of 41 groups.
East Asia & Pacific has averaged higher in every one of the 7 decades both report.
Head to head by decade
| Decade | East Asia & Pacific | South Korea | Difference | Ahead |
|---|---|---|---|---|
| 1960s | 178.85 billion current US$ | 3.81 billion current US$ | 175.04 billion current US$ | East Asia & Pacific |
| 1970s | 627.19 billion current US$ | 20.39 billion current US$ | 606.80 billion current US$ | East Asia & Pacific |
| 1980s | 1.88 trillion current US$ | 80.07 billion current US$ | 1.80 trillion current US$ | East Asia & Pacific |
| 1990s | 4.63 trillion current US$ | 286.52 billion current US$ | 4.34 trillion current US$ | East Asia & Pacific |
| 2000s | 7.10 trillion current US$ | 576.35 billion current US$ | 6.52 trillion current US$ | East Asia & Pacific |
| 2010s | 14.37 trillion current US$ | 989.76 billion current US$ | 13.38 trillion current US$ | East Asia & Pacific |
| 2020s | 19.13 trillion current US$ | 1.21 trillion current US$ | 17.92 trillion current 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 19.98 trillion current US$ against 1.23 trillion current US$ in South Korea as of 2024.
- What is the difference in final consumption expenditure between East Asia & Pacific and South Korea?
- 18.75 trillion current US$, with East Asia & Pacific ahead.
- How many years of comparable data are there for East Asia & Pacific and South Korea?
- 65 years are reported by both, from 1960 to 2024.
- How do East Asia & Pacific and South Korea rank globally for final consumption expenditure?
- East Asia & Pacific ranks 12th and South Korea ranks 15th of 41 groups.
- Where does this data come from?
- Country official statistics, National Statistical Offices (NSOs), published as Final consumption expenditure (current US$). 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.