South Korea vs Spain: Final consumption expenditure
Final consumption expenditure over time
- South Korea
- Spain
How they compare
Spain currently reports 1.43 trillion current US$ against 1.23 trillion current US$ in South Korea, a difference of 195.80 billion current US$.
That makes Spain's figure about 1.2 times South Korea's.
The two have swapped places 2 times across 56 shared years of data; in 1970 it was Spain ahead.
South Korea ranks 15th and Spain ranks 13th of 186 countries.
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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.