Republic of Korea vs Lower middle income: Households and NPISHs Final consumption expenditure
Households and NPISHs Final consumption expenditure over time
- Republic of Korea
- Lower middle income
How they compare
Lower middle income currently reports 5.26 trillion constant 2015 US$ against 922.75 billion constant 2015 US$ in Republic of Korea, a difference of 4.34 trillion constant 2015 US$.
That makes Lower middle income's figure about 5.7 times Republic of Korea's.
Across all 66 years both countries report, Lower middle income has been ahead every year.
Republic of Korea ranks 15th and Lower middle income ranks 19th of 172 countries.
Lower middle income has averaged higher in every one of the 7 decades both report.
Head to head by decade
| Decade | Republic of Korea | Lower middle income | Difference | Ahead |
|---|---|---|---|---|
| 1960s | 36.75 billion constant 2015 US$ | 418.57 billion constant 2015 US$ | 381.81 billion constant 2015 US$ | Lower middle income |
| 1970s | 82.73 billion constant 2015 US$ | 542.58 billion constant 2015 US$ | 459.86 billion constant 2015 US$ | Lower middle income |
| 1980s | 163.50 billion constant 2015 US$ | 759.35 billion constant 2015 US$ | 595.85 billion constant 2015 US$ | Lower middle income |
| 1990s | 361.86 billion constant 2015 US$ | 1.15 trillion constant 2015 US$ | 785.01 billion constant 2015 US$ | Lower middle income |
| 2000s | 578.96 billion constant 2015 US$ | 1.81 trillion constant 2015 US$ | 1.23 trillion constant 2015 US$ | Lower middle income |
| 2010s | 764.74 billion constant 2015 US$ | 3.10 trillion constant 2015 US$ | 2.34 trillion constant 2015 US$ | Lower middle income |
| 2020s | 880.40 billion constant 2015 US$ | 4.54 trillion constant 2015 US$ | 3.66 trillion constant 2015 US$ | Lower middle income |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher households and npishs final consumption expenditure, Republic of Korea or Lower middle income?
- Lower middle income, at 5.26 trillion constant 2015 US$ against 922.75 billion constant 2015 US$ in Republic of Korea as of 2025.
- What is the difference in households and npishs final consumption expenditure between Republic of Korea and Lower middle income?
- 4.34 trillion constant 2015 US$, with Lower middle income ahead.
- How many years of comparable data are there for Republic of Korea and Lower middle income?
- 66 years are reported by both, from 1960 to 2025.
- How do Republic of Korea and Lower middle income rank globally for households and npishs final consumption expenditure?
- Republic of Korea ranks 15th and Lower middle income ranks 19th of 172 countries.
- Where does this data come from?
- Country official statistics, National Statistical Organizations and/or Central Banks, published as Households and NPISHs Final consumption expenditure (constant 2015 US$). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
This field includes expenditure on goods and services by the Household and NPISH sector for the direct satisfaction of human needs or wants, whether individual or collective. 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.