South Korea vs Late-demographic dividend: General government final consumption expenditure
General government final consumption expenditure over time
- South Korea
- Late-demographic dividend
How they compare
Late-demographic dividend currently reports 4.99 trillion current US$ against 330.43 billion current US$ in South Korea, a difference of 4.66 trillion current US$.
That makes Late-demographic dividend's figure about 15.1 times South Korea's.
Across all 65 years both countries report, Late-demographic dividend has been ahead every year.
South Korea ranks 15th and Late-demographic dividend ranks 12th of 186 countries.
Late-demographic dividend has averaged higher in every one of the 7 decades both report.
Head to head by decade
| Decade | South Korea | Late-demographic dividend | Difference | Ahead |
|---|---|---|---|---|
| 1960s | 449.29 million current US$ | 31.63 billion current US$ | 31.18 billion current US$ | Late-demographic dividend |
| 1970s | 2.76 billion current US$ | 94.55 billion current US$ | 91.79 billion current US$ | Late-demographic dividend |
| 1980s | 12.89 billion current US$ | 223.75 billion current US$ | 210.86 billion current US$ | Late-demographic dividend |
| 1990s | 47.47 billion current US$ | 443.19 billion current US$ | 395.72 billion current US$ | Late-demographic dividend |
| 2000s | 108.40 billion current US$ | 1.05 trillion current US$ | 941.96 billion current US$ | Late-demographic dividend |
| 2010s | 221.29 billion current US$ | 3.16 trillion current US$ | 2.94 trillion current US$ | Late-demographic dividend |
| 2020s | 320.01 billion current US$ | 4.62 trillion current US$ | 4.30 trillion current US$ | Late-demographic dividend |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher general government final consumption expenditure, South Korea or Late-demographic dividend?
- Late-demographic dividend, at 4.99 trillion current US$ against 330.43 billion current US$ in South Korea as of 2024.
- What is the difference in general government final consumption expenditure between South Korea and Late-demographic dividend?
- 4.66 trillion current US$, with Late-demographic dividend ahead.
- How many years of comparable data are there for South Korea and Late-demographic dividend?
- 65 years are reported by both, from 1960 to 2024.
- How do South Korea and Late-demographic dividend rank globally for general government final consumption expenditure?
- South Korea ranks 15th and Late-demographic dividend ranks 12th of 186 countries.
- Where does this data come from?
- Country official statistics, National Statistical Organizations and/or Central Banks, published as General government final consumption expenditure (current US$). 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 current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.