Republic of Korea vs Lower middle income: General government final consumption expenditure
General government final consumption expenditure over time
- Republic of Korea
- Lower middle income
How they compare
Lower middle income currently reports 770.63 billion constant 2015 US$ against 332.27 billion constant 2015 US$ in Republic of Korea, a difference of 438.35 billion constant 2015 US$.
That makes Lower middle income's figure about 2.3 times Republic of Korea's.
Across all 66 years both countries report, Lower middle income has been ahead every year.
Republic of Korea ranks 11th and Lower middle income ranks 15th of 168 countries.
Lower middle income has averaged higher in every one of the 7 decades both report.
Head to head by decade
| Decade | Republic of Korea | Lower middle income | Difference | Ahead |
|---|---|---|---|---|
| 1960s | 13.55 billion constant 2015 US$ | 40.68 billion constant 2015 US$ | 27.12 billion constant 2015 US$ | Lower middle income |
| 1970s | 26.84 billion constant 2015 US$ | 77.08 billion constant 2015 US$ | 50.24 billion constant 2015 US$ | Lower middle income |
| 1980s | 46.97 billion constant 2015 US$ | 130.08 billion constant 2015 US$ | 83.11 billion constant 2015 US$ | Lower middle income |
| 1990s | 85.08 billion constant 2015 US$ | 193.10 billion constant 2015 US$ | 108.02 billion constant 2015 US$ | Lower middle income |
| 2000s | 133.66 billion constant 2015 US$ | 306.84 billion constant 2015 US$ | 173.19 billion constant 2015 US$ | Lower middle income |
| 2010s | 218.62 billion constant 2015 US$ | 532.32 billion constant 2015 US$ | 313.70 billion constant 2015 US$ | Lower middle income |
| 2020s | 310.13 billion constant 2015 US$ | 703.66 billion constant 2015 US$ | 393.54 billion constant 2015 US$ | Lower middle income |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher general government final consumption expenditure, Republic of Korea or Lower middle income?
- Lower middle income, at 770.63 billion constant 2015 US$ against 332.27 billion constant 2015 US$ in Republic of Korea as of 2025.
- What is the difference in general government final consumption expenditure between Republic of Korea and Lower middle income?
- 438.35 billion constant 2015 US$, with Lower middle income ahead.
- How many years of comparable data are there for Republic of Korea and Lower middle income?
- 66 years are reported by both, from 1960 to 2025.
- How do Republic of Korea and Lower middle income rank globally for general government final consumption expenditure?
- Republic of Korea ranks 11th and Lower middle income ranks 15th of 168 countries.
- Where does this data come from?
- Country official statistics, National Statistical Organizations and/or Central Banks, published as General government final consumption expenditure (constant 2015 US$). Statizoid refreshes it automatically from the source and publishes the full history for both places.
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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. 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.