Latin America & the Caribbean (IDA & IBRD countries) vs Mongolia: Final consumption expenditure
Final consumption expenditure over time
- Latin America & the Caribbean (IDA & IBRD countries)
- Mongolia
How they compare
Mongolia currently reports 5.7% against 2.4% in Latin America & the Caribbean (IDA & IBRD countries), a difference of 3.3%.
That makes Mongolia's figure about 2.4 times Latin America & the Caribbean (IDA & IBRD countries)'s.
The two have swapped places 2 times across 15 shared years of data; in 2011 it was Mongolia ahead.
Latin America & the Caribbean (IDA & IBRD countries) ranks 34th and Mongolia ranks 34th of 42 groups.
Mongolia has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | Latin America & the Caribbean (IDA & IBRD countries) | Mongolia | Difference | Ahead |
|---|---|---|---|---|
| 2010s | 2.0% | 9.1% | 7.1% | Mongolia |
| 2020s | 2.2% | 6.2% | 4.0% | Mongolia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher final consumption expenditure, Latin America & the Caribbean (IDA & IBRD countries) or Mongolia?
- Mongolia, at 5.7% against 2.4% in Latin America & the Caribbean (IDA & IBRD countries) as of 2025.
- What is the difference in final consumption expenditure between Latin America & the Caribbean (IDA & IBRD countries) and Mongolia?
- 3.3%, with Mongolia ahead.
- How many years of comparable data are there for Latin America & the Caribbean (IDA & IBRD countries) and Mongolia?
- 15 years are reported by both, from 2011 to 2025.
- How do Latin America & the Caribbean (IDA & IBRD countries) and Mongolia rank globally for final consumption expenditure?
- Latin America & the Caribbean (IDA & IBRD countries) ranks 34th and Mongolia ranks 34th of 42 groups.
- Where does this data come from?
- Country official statistics, National Statistical Organizations and/or Central Banks, published as Final consumption expenditure (annual % growth). Statizoid refreshes it automatically from the source and publishes the full history for both places.
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About this data
Final consumption expenditure is expenditure on goods and services by resident institutional units for the direct satisfaction of human needs or wants, whether individual or collective. Final consumption expenditure can be measured for households, general government, the central bank and non-profit institutions serving households. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.