Republic of Korea vs Least developed countries: Households and NPISHs Final consumption expenditure per capita, PPP
Households and NPISHs Final consumption expenditure per capita, PPP over time
- Republic of Korea
- Least developed countries
How they compare
Republic of Korea currently reports 22,946 constant 2021 international $ against 2,670 constant 2021 international $ in Least developed countries, a difference of 20,276 constant 2021 international $.
That makes Republic of Korea's figure about 8.6 times Least developed countries's.
Across all 36 years both countries report, Republic of Korea has been ahead every year.
Republic of Korea ranks 38th and Least developed countries ranks 38th of 170 countries.
Republic of Korea has averaged higher in every one of the 4 decades both report.
Head to head by decade
| Decade | Republic of Korea | Least developed countries | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 10,336 constant 2021 international $ | 1,511 constant 2021 international $ | 8,826 constant 2021 international $ | Republic of Korea |
| 2000s | 15,430 constant 2021 international $ | 1,736 constant 2021 international $ | 13,694 constant 2021 international $ | Republic of Korea |
| 2010s | 19,340 constant 2021 international $ | 2,160 constant 2021 international $ | 17,181 constant 2021 international $ | Republic of Korea |
| 2020s | 21,871 constant 2021 international $ | 2,531 constant 2021 international $ | 19,339 constant 2021 international $ | Republic of Korea |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher households and npishs final consumption expenditure per capita, ppp, Republic of Korea or Least developed countries?
- Republic of Korea, at 22,946 constant 2021 international $ against 2,670 constant 2021 international $ in Least developed countries as of 2025.
- What is the difference in households and npishs final consumption expenditure per capita, ppp between Republic of Korea and Least developed countries?
- 20,276 constant 2021 international $, with Republic of Korea ahead.
- How many years of comparable data are there for Republic of Korea and Least developed countries?
- 36 years are reported by both, from 1990 to 2025.
- How do Republic of Korea and Least developed countries rank globally for households and npishs final consumption expenditure per capita, ppp?
- Republic of Korea ranks 38th and Least developed countries ranks 38th of 170 countries.
- Where does this data come from?
- International Comparison Program (ICP), World Bank (WB), note: This information is for PPP conversion factors., publisher: International Comparison Program (ICP), date published: May 30, 2024, published as Households and NPISHs Final consumption expenditure per capita, PPP (constant 2021 international $). Statizoid refreshes it automatically from the source and publishes the full history for both places.
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About this data
This indicator provides values for final consumption expenditure per person expressed in constant international dollars, converted by purchasing power parities (PPPs). PPPs account for the different price levels across countries and thus PPP-based comparisons of economic output are more appropriate for comparing the output of economies and the average material well-being of their inhabitants than exchange-rate based comparisons. Households and NPISHs final consumption expenditure 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. The core indicator has been divided by the general population to achieve a per capita estimate. 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 2021. The PPP conversion factor is a currency conversion factor and a spatial price deflator. PPPs convert different currencies to a common currency and, in the process of conversion, equalize their purchasing power by eliminating the differences in price levels between countries, thereby allowing volume or output comparisons of GDP and its expenditure components.