Republic of Korea vs Latin America & Caribbean: General government final consumption expenditure
General government final consumption expenditure over time
- Republic of Korea
- Latin America & Caribbean
How they compare
Latin America & Caribbean currently reports 1.19 trillion current US$ against 330.43 billion current US$ in Republic of Korea, a difference of 857.75 billion current US$.
That makes Latin America & Caribbean's figure about 3.6 times Republic of Korea's.
Across all 66 years both countries report, Latin America & Caribbean has been ahead every year.
Republic of Korea ranks 15th and Latin America & Caribbean ranks 20th of 187 countries.
Latin America & Caribbean has averaged higher in every one of the 7 decades both report.
Head to head by decade
| Decade | Republic of Korea | Latin America & Caribbean | Difference | Ahead |
|---|---|---|---|---|
| 1960s | 449.29 million current US$ | 11.62 billion current US$ | 11.17 billion current US$ | Latin America & Caribbean |
| 1970s | 2.76 billion current US$ | 42.70 billion current US$ | 39.94 billion current US$ | Latin America & Caribbean |
| 1980s | 12.89 billion current US$ | 91.90 billion current US$ | 79.01 billion current US$ | Latin America & Caribbean |
| 1990s | 47.47 billion current US$ | 245.94 billion current US$ | 198.46 billion current US$ | Latin America & Caribbean |
| 2000s | 108.40 billion current US$ | 430.83 billion current US$ | 322.43 billion current US$ | Latin America & Caribbean |
| 2010s | 221.29 billion current US$ | 923.15 billion current US$ | 701.86 billion current US$ | Latin America & Caribbean |
| 2020s | 321.75 billion current US$ | 1.01 trillion current US$ | 688.75 billion current US$ | Latin America & Caribbean |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher general government final consumption expenditure, Republic of Korea or Latin America & Caribbean?
- Latin America & Caribbean, at 1.19 trillion current US$ against 330.43 billion current US$ in Republic of Korea as of 2025.
- What is the difference in general government final consumption expenditure between Republic of Korea and Latin America & Caribbean?
- 857.75 billion current US$, with Latin America & Caribbean ahead.
- How many years of comparable data are there for Republic of Korea and Latin America & Caribbean?
- 66 years are reported by both, from 1960 to 2025.
- How do Republic of Korea and Latin America & Caribbean rank globally for general government final consumption expenditure?
- Republic of Korea ranks 15th and Latin America & Caribbean ranks 20th of 187 countries.
- Where does this data come from?
- Country official statistics, National Statistical Organizations and/or Central Banks, published as General government final consumption expenditure (current US$). 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.