Republic of Korea vs Latin America & Caribbean: Gross national expenditure
Gross national expenditure over time
- Republic of Korea
- Latin America & Caribbean
How they compare
Latin America & Caribbean currently reports 7.46 trillion current US$ against 1.78 trillion current US$ in Republic of Korea, a difference of 5.69 trillion current US$.
That makes Latin America & Caribbean's figure about 4.2 times Republic of Korea's.
Across all 66 years both countries report, Latin America & Caribbean has been ahead every year.
Republic of Korea ranks 15th and Latin America & Caribbean ranks 20th of 186 countries.
Latin America & Caribbean has averaged higher in every one of the 7 decades both report.
Head to head by decade
| Decade | Republic of Korea | Latin America & Caribbean | Difference | Ahead |
|---|---|---|---|---|
| 1960s | 4.70 billion current US$ | 117.77 billion current US$ | 113.06 billion current US$ | Latin America & Caribbean |
| 1970s | 29.23 billion current US$ | 394.49 billion current US$ | 365.27 billion current US$ | Latin America & Caribbean |
| 1980s | 123.17 billion current US$ | 826.52 billion current US$ | 703.35 billion current US$ | Latin America & Caribbean |
| 1990s | 458.34 billion current US$ | 1.82 trillion current US$ | 1.36 trillion current US$ | Latin America & Caribbean |
| 2000s | 859.40 billion current US$ | 3.02 trillion current US$ | 2.16 trillion current US$ | Latin America & Caribbean |
| 2010s | 1.46 trillion current US$ | 5.79 trillion current US$ | 4.33 trillion current US$ | Latin America & Caribbean |
| 2020s | 1.79 trillion current US$ | 6.31 trillion current US$ | 4.51 trillion current US$ | Latin America & Caribbean |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher gross national expenditure, Republic of Korea or Latin America & Caribbean?
- Latin America & Caribbean, at 7.46 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 Republic of Korea and Latin America & Caribbean?
- 5.69 trillion current US$, with Latin America & Caribbean ahead.
- How many years of comparable data are there for Republic of Korea and Latin America & Caribbean?
- 66 years are reported by both, from 1960 to 2025.
- How do Republic of Korea and Latin America & Caribbean rank globally for gross national expenditure?
- Republic of Korea ranks 15th and Latin America & Caribbean ranks 20th of 186 countries.
- Where does this data come from?
- Country official statistics, National Statistical Organizations and/or Central Banks, published as Gross national expenditure (current US$). 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.