East Asia & Pacific (IDA & IBRD countries) vs Korea: Households and NPISHs Final consumption expenditure, PPP
Households and NPISHs Final consumption expenditure, PPP over time
- East Asia & Pacific (IDA & IBRD countries)
- Korea
How they compare
East Asia & Pacific (IDA & IBRD countries) currently reports 18.57 trillion constant 2021 international $ against 1.19 trillion constant 2021 international $ in Korea, a difference of 17.38 trillion constant 2021 international $.
That makes East Asia & Pacific (IDA & IBRD countries)'s figure about 15.7 times Korea's.
Across all 30 years both countries report, East Asia & Pacific (IDA & IBRD countries) has been ahead every year.
East Asia & Pacific (IDA & IBRD countries) ranks 17th and Korea ranks 18th of 41 groups.
East Asia & Pacific (IDA & IBRD countries) has averaged higher in every one of the 4 decades both report.
Head to head by decade
| Decade | East Asia & Pacific (IDA & IBRD countries) | Korea | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 3.04 trillion constant 2021 international $ | 538.03 billion constant 2021 international $ | 2.50 trillion constant 2021 international $ | East Asia & Pacific (IDA & IBRD countries) |
| 2000s | 5.01 trillion constant 2021 international $ | 744.10 billion constant 2021 international $ | 4.26 trillion constant 2021 international $ | East Asia & Pacific (IDA & IBRD countries) |
| 2010s | 11.01 trillion constant 2021 international $ | 982.87 billion constant 2021 international $ | 10.02 trillion constant 2021 international $ | East Asia & Pacific (IDA & IBRD countries) |
| 2020s | 16.56 trillion constant 2021 international $ | 1.12 trillion constant 2021 international $ | 15.44 trillion constant 2021 international $ | East Asia & Pacific (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, East Asia & Pacific (IDA & IBRD countries) or Korea?
- East Asia & Pacific (IDA & IBRD countries), at 18.57 trillion constant 2021 international $ against 1.19 trillion constant 2021 international $ in Korea as of 2024.
- What is the difference in households and npishs final consumption expenditure, ppp between East Asia & Pacific (IDA & IBRD countries) and Korea?
- 17.38 trillion constant 2021 international $, with East Asia & Pacific (IDA & IBRD countries) ahead.
- How many years of comparable data are there for East Asia & Pacific (IDA & IBRD countries) and Korea?
- 30 years are reported by both, from 1995 to 2024.
- How do East Asia & Pacific (IDA & IBRD countries) and Korea rank globally for households and npishs final consumption expenditure, ppp?
- East Asia & Pacific (IDA & IBRD countries) ranks 17th and Korea ranks 18th of 41 groups.
- 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.