European Union vs United States of America: Final consumption expenditure
Final consumption expenditure over time
- European Union
- United States of America
How they compare
United States of America currently reports 18.68 trillion constant 2015 US$ against 11.88 trillion constant 2015 US$ in European Union, a difference of 6.80 trillion constant 2015 US$.
That makes United States of America's figure about 1.6 times European Union's.
Across all 55 years both countries report, United States of America has been ahead every year.
European Union ranks 16th and United States of America ranks 1st of 42 groups.
United States of America has averaged higher in every one of the 6 decades both report.
Head to head by decade
| Decade | European Union | United States of America | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 4.67 trillion constant 2015 US$ | 5.11 trillion constant 2015 US$ | 440.02 billion constant 2015 US$ | United States of America |
| 1980s | 6.08 trillion constant 2015 US$ | 6.79 trillion constant 2015 US$ | 712.02 billion constant 2015 US$ | United States of America |
| 1990s | 7.57 trillion constant 2015 US$ | 9.14 trillion constant 2015 US$ | 1.57 trillion constant 2015 US$ | United States of America |
| 2000s | 9.31 trillion constant 2015 US$ | 12.58 trillion constant 2015 US$ | 3.27 trillion constant 2015 US$ | United States of America |
| 2010s | 10.33 trillion constant 2015 US$ | 14.83 trillion constant 2015 US$ | 4.51 trillion constant 2015 US$ | United States of America |
| 2020s | 11.21 trillion constant 2015 US$ | 17.57 trillion constant 2015 US$ | 6.36 trillion constant 2015 US$ | United States of America |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher final consumption expenditure, European Union or United States of America?
- United States of America, at 18.68 trillion constant 2015 US$ against 11.88 trillion constant 2015 US$ in European Union as of 2024.
- What is the difference in final consumption expenditure between European Union and United States of America?
- 6.80 trillion constant 2015 US$, with United States of America ahead.
- How many years of comparable data are there for European Union and United States of America?
- 55 years are reported by both, from 1970 to 2024.
- How do European Union and United States of America rank globally for final consumption expenditure?
- European Union ranks 16th and United States of America ranks 1st of 42 groups.
- Where does this data come from?
- Country official statistics, National Statistical Organizations and/or Central Banks, published as Final consumption expenditure (constant 2015 US$). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
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 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 2015. This indicator is expressed in United States dollars.