Australia vs Latin America & the Caribbean (IDA & IBRD countries): Households and NPISHs Final consumption expenditure, PPP
Households and NPISHs Final consumption expenditure, PPP over time
- Australia
- Latin America & the Caribbean (IDA & IBRD countries)
How they compare
Latin America & the Caribbean (IDA & IBRD countries) currently reports 8.10 trillion constant 2021 international $ against 804.25 billion constant 2021 international $ in Australia, a difference of 7.30 trillion constant 2021 international $.
That makes Latin America & the Caribbean (IDA & IBRD countries)'s figure about 10.1 times Australia's.
Across all 36 years both countries report, Latin America & the Caribbean (IDA & IBRD countries) has been ahead every year.
Australia ranks 24th and Latin America & the Caribbean (IDA & IBRD countries) ranks 24th of 170 countries.
Latin America & the Caribbean (IDA & IBRD countries) has averaged higher in every one of the 4 decades both report.
Head to head by decade
| Decade | Australia | Latin America & the Caribbean (IDA & IBRD countries) | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 323.75 billion constant 2021 international $ | 3.56 trillion constant 2021 international $ | 3.24 trillion constant 2021 international $ | Latin America & the Caribbean (IDA & IBRD countries) |
| 2000s | 476.81 billion constant 2021 international $ | 4.76 trillion constant 2021 international $ | 4.29 trillion constant 2021 international $ | Latin America & the Caribbean (IDA & IBRD countries) |
| 2010s | 654.31 billion constant 2021 international $ | 6.60 trillion constant 2021 international $ | 5.95 trillion constant 2021 international $ | Latin America & the Caribbean (IDA & IBRD countries) |
| 2020s | 756.20 billion constant 2021 international $ | 7.48 trillion constant 2021 international $ | 6.73 trillion constant 2021 international $ | Latin America & the Caribbean (IDA & IBRD countries) |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher households and npishs final consumption expenditure, ppp, Australia or Latin America & the Caribbean (IDA & IBRD countries)?
- Latin America & the Caribbean (IDA & IBRD countries), at 8.10 trillion constant 2021 international $ against 804.25 billion constant 2021 international $ in Australia as of 2025.
- What is the difference in households and npishs final consumption expenditure, ppp between Australia and Latin America & the Caribbean (IDA & IBRD countries)?
- 7.30 trillion constant 2021 international $, with Latin America & the Caribbean (IDA & IBRD countries) ahead.
- How many years of comparable data are there for Australia and Latin America & the Caribbean (IDA & IBRD countries)?
- 36 years are reported by both, from 1990 to 2025.
- How do Australia and Latin America & the Caribbean (IDA & IBRD countries) rank globally for households and npishs final consumption expenditure, ppp?
- Australia ranks 24th and Latin America & the Caribbean (IDA & IBRD countries) ranks 24th of 170 countries.
- Where does this data come from?
- International Comparison Program (ICP), World Bank (WB), published as Households and NPISHs Final consumption expenditure, 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 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. 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.