Australia vs Republic of Korea: Gross national expenditure
Gross national expenditure over time
- Australia
- Republic of Korea
How they compare
Australia currently reports 1.79 trillion current US$ against 1.78 trillion current US$ in Republic of Korea, a difference of 13.86 billion current US$.
The two have swapped places 6 times across 66 shared years of data; in 1960 it was Australia ahead.
Australia ranks 14th and Republic of Korea ranks 15th of 185 countries.
Across the 7 decades both report, Australia averaged higher in 3 and Republic of Korea in 4.
Head to head by decade
| Decade | Australia | Republic of Korea | Difference | Ahead |
|---|---|---|---|---|
| 1960s | 26.12 billion current US$ | 4.70 billion current US$ | 21.42 billion current US$ | Australia |
| 1970s | 86.09 billion current US$ | 29.23 billion current US$ | 56.86 billion current US$ | Australia |
| 1980s | 202.77 billion current US$ | 123.17 billion current US$ | 79.60 billion current US$ | Australia |
| 1990s | 362.49 billion current US$ | 458.34 billion current US$ | 95.85 billion current US$ | Republic of Korea |
| 2000s | 667.72 billion current US$ | 859.40 billion current US$ | 191.68 billion current US$ | Republic of Korea |
| 2010s | 1.39 trillion current US$ | 1.46 trillion current US$ | 68.31 billion current US$ | Republic of Korea |
| 2020s | 1.59 trillion current US$ | 1.79 trillion current US$ | 200.58 billion current US$ | Republic of Korea |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher gross national expenditure, Australia or Republic of Korea?
- Australia, at 1.79 trillion current US$ against 1.78 trillion current US$ in Republic of Korea as of 2025.
- What is the difference in gross national expenditure between Australia and Republic of Korea?
- 13.86 billion current US$, with Australia ahead.
- How many years of comparable data are there for Australia and Republic of Korea?
- 66 years are reported by both, from 1960 to 2025.
- How do Australia and Republic of Korea rank globally for gross national expenditure?
- Australia ranks 14th and Republic of Korea ranks 15th of 185 countries.
- Where does this data come from?
- Country official statistics, National Statistical Organizations and/or Central Banks, published as Gross national expenditure (current US$). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Gross national expenditure is the sum of household final consumption expenditure, general government final consumption expenditure, and gross 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.