European Union vs Korea: Households and NPISHs Final consumption expenditure, PPP
Households and NPISHs Final consumption expenditure, PPP over time
- European Union
- Korea
How they compare
European Union currently reports 11.99 trillion constant 2021 international $ against 1.19 trillion constant 2021 international $ in Korea, a difference of 10.80 trillion constant 2021 international $.
That makes European Union's figure about 10.1 times Korea's.
Across all 36 years both countries report, European Union has been ahead every year.
European Union ranks 18th and Korea ranks 18th of 41 groups.
European Union has averaged higher in every one of the 4 decades both report.
Head to head by decade
| Decade | European Union | Korea | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 7.53 trillion constant 2021 international $ | 465.07 billion constant 2021 international $ | 7.06 trillion constant 2021 international $ | European Union |
| 2000s | 9.39 trillion constant 2021 international $ | 744.10 billion constant 2021 international $ | 8.65 trillion constant 2021 international $ | European Union |
| 2010s | 10.38 trillion constant 2021 international $ | 982.87 billion constant 2021 international $ | 9.39 trillion constant 2021 international $ | European Union |
| 2020s | 11.32 trillion constant 2021 international $ | 1.13 trillion constant 2021 international $ | 10.19 trillion constant 2021 international $ | European Union |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher households and npishs final consumption expenditure, ppp, European Union or Korea?
- European Union, at 11.99 trillion constant 2021 international $ against 1.19 trillion constant 2021 international $ in Korea as of 2025.
- What is the difference in households and npishs final consumption expenditure, ppp between European Union and Korea?
- 10.80 trillion constant 2021 international $, with European Union ahead.
- How many years of comparable data are there for European Union and Korea?
- 36 years are reported by both, from 1990 to 2025.
- How do European Union and Korea rank globally for households and npishs final consumption expenditure, ppp?
- European Union ranks 18th 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.