South Korea vs Latin America & Caribbean: General government final consumption expenditure (constant 2015 US$)
General government final consumption expenditure (constant 2015 US$) over time
- South Korea
- Latin America & Caribbean
How they compare
Latin America & Caribbean currently reports 1.00 trillion constant 2015 US$ against 332.27 billion constant 2015 US$ in South Korea, a difference of 669.10 billion constant 2015 US$.
That makes Latin America & Caribbean's figure about 3.0 times South Korea's.
Across all 66 years both countries report, Latin America & Caribbean has been ahead every year.
South Korea ranks 11th and Latin America & Caribbean ranks 10th of 168 countries.
Latin America & Caribbean has averaged higher in every one of the 7 decades both report.
Head to head by decade
| Decade | South Korea | Latin America & Caribbean | Difference | Ahead |
|---|---|---|---|---|
| 1960s | 13.55 billion constant 2015 US$ | 134.57 billion constant 2015 US$ | 121.02 billion constant 2015 US$ | Latin America & Caribbean |
| 1970s | 26.84 billion constant 2015 US$ | 261.11 billion constant 2015 US$ | 234.27 billion constant 2015 US$ | Latin America & Caribbean |
| 1980s | 46.97 billion constant 2015 US$ | 324.82 billion constant 2015 US$ | 277.85 billion constant 2015 US$ | Latin America & Caribbean |
| 1990s | 85.08 billion constant 2015 US$ | 499.54 billion constant 2015 US$ | 414.46 billion constant 2015 US$ | Latin America & Caribbean |
| 2000s | 133.66 billion constant 2015 US$ | 649.04 billion constant 2015 US$ | 515.38 billion constant 2015 US$ | Latin America & Caribbean |
| 2010s | 218.62 billion constant 2015 US$ | 856.18 billion constant 2015 US$ | 637.56 billion constant 2015 US$ | Latin America & Caribbean |
| 2020s | 310.13 billion constant 2015 US$ | 950.86 billion constant 2015 US$ | 640.73 billion constant 2015 US$ | Latin America & Caribbean |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher general government final consumption expenditure, South Korea or Latin America & Caribbean?
- Latin America & Caribbean, at 1.00 trillion constant 2015 US$ against 332.27 billion constant 2015 US$ in South Korea as of 2025.
- What is the difference in general government final consumption expenditure between South Korea and Latin America & Caribbean?
- 669.10 billion constant 2015 US$, with Latin America & Caribbean ahead.
- How many years of comparable data are there for South Korea and Latin America & Caribbean?
- 66 years are reported by both, from 1960 to 2025.
- How do South Korea and Latin America & Caribbean rank globally for general government final consumption expenditure?
- South Korea ranks 11th and Latin America & Caribbean ranks 10th of 168 countries.
- Where does this data come from?
- Country official statistics, National Statistical Organizations and/or Central Banks, published as General government final consumption expenditure (constant 2015 US$). 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. General government FCE includes all government current expenditures for purchases of goods and services (including compensation of employees), and most expenditures on national defense and security, but excludes government military expenditures that are part of government capital formation. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.