Korea vs Papua New Guinea: Final consumption expenditure
Final consumption expenditure over time
- Korea
- Papua New Guinea
How they compare
Papua New Guinea currently reports 66.8% against 65.7% in Korea, a difference of 1.1%.
The two have swapped places 8 times across 44 shared years of data; in 1961 it was Papua New Guinea ahead.
Korea ranks 161st and Papua New Guinea ranks 158th of 188 countries.
Papua New Guinea has averaged higher in every one of the 5 decades both report.
Head to head by decade
| Decade | Korea | Papua New Guinea | Difference | Ahead |
|---|---|---|---|---|
| 1960s | 90.1% | 98.8% | 8.6% | Papua New Guinea |
| 1970s | 77.2% | 83.5% | 6.3% | Papua New Guinea |
| 1980s | 66.5% | 87.8% | 21.4% | Papua New Guinea |
| 1990s | 62.0% | 73.0% | 10.9% | Papua New Guinea |
| 2000s | 65.9% | 66.5% | 0.6% | Papua New Guinea |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher final consumption expenditure, Korea or Papua New Guinea?
- Papua New Guinea, at 66.8% against 65.7% in Korea as of 2004.
- What is the difference in final consumption expenditure between Korea and Papua New Guinea?
- 1.1%, with Papua New Guinea ahead.
- How many years of comparable data are there for Korea and Papua New Guinea?
- 44 years are reported by both, from 1961 to 2004.
- How do Korea and Papua New Guinea rank globally for final consumption expenditure?
- Korea ranks 161st and Papua New Guinea ranks 158th of 188 countries.
- Where does this data come from?
- Country official statistics, National Statistical Organizations and/or Central Banks, published as Final consumption expenditure (% of GDP). Statizoid refreshes it automatically from the source and publishes the full history for both places.
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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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.