Colombia vs South Korea: Classification of household consumption
Classification of household consumption over time
- Colombia
- South Korea
How they compare
Colombia currently reports 1 against 1 in South Korea, a difference of 0.
Across all 8 years both countries report, South Korea has been ahead every year.
Colombia ranks 1st and South Korea ranks 1st of 188 countries.
South Korea has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | Colombia | South Korea | Difference | Ahead |
|---|---|---|---|---|
| 2010s | 0 | 1 | 1 | South Korea |
| 2020s | 0.75 | 1 | 0.25 | South Korea |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher classification of household consumption, Colombia or South Korea?
- Colombia, at 1 against 1 in South Korea as of 2023.
- What is the difference in classification of household consumption between Colombia and South Korea?
- 0, with Colombia ahead.
- How many years of comparable data are there for Colombia and South Korea?
- 8 years are reported by both, from 2016 to 2023.
- How do Colombia and South Korea rank globally for classification of household consumption?
- Colombia ranks 1st and South Korea ranks 1st of 188 countries.
- Where does this data come from?
- Statistical Performance Indicators, The World Bank (https://datacatalog.worldbank.org/dataset/statistical-performance-indicators), published as Classification of household consumption. Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Classification of Individual Consumption According to Purpose (COICOP) is used in household budget surveys, consumer price indices and international comparisons of gross domestic product (GDP) and its component expenditures. Although COICOP is not strictly linked to any particular model of consumer behavior, the classification is designed to broadly reflect differences in income elasticities. It is an integral part of the SNA1993 and more detailed subdivision of the classes provide comparability between countries and between statistics in these different areas.