United States vs World: Final consumption expenditure
Final consumption expenditure over time
- United States
- World
How they compare
World currently reports 70.92 trillion constant 2015 US$ against 18.68 trillion constant 2015 US$ in United States, a difference of 52.24 trillion constant 2015 US$.
That makes World's figure about 3.8 times United States's.
Across all 55 years both countries report, World has been ahead every year.
United States ranks 1st and World ranks 1st of 171 countries.
World has averaged higher in every one of the 6 decades both report.
Head to head by decade
| Decade | United States | World | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 5.11 trillion constant 2015 US$ | 17.38 trillion constant 2015 US$ | 12.27 trillion constant 2015 US$ | World |
| 1980s | 6.79 trillion constant 2015 US$ | 23.44 trillion constant 2015 US$ | 16.65 trillion constant 2015 US$ | World |
| 1990s | 9.14 trillion constant 2015 US$ | 31.01 trillion constant 2015 US$ | 21.87 trillion constant 2015 US$ | World |
| 2000s | 12.58 trillion constant 2015 US$ | 42.28 trillion constant 2015 US$ | 29.70 trillion constant 2015 US$ | World |
| 2010s | 14.83 trillion constant 2015 US$ | 55.19 trillion constant 2015 US$ | 40.35 trillion constant 2015 US$ | World |
| 2020s | 17.57 trillion constant 2015 US$ | 66.29 trillion constant 2015 US$ | 48.72 trillion constant 2015 US$ | World |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher final consumption expenditure, United States or World?
- World, at 70.92 trillion constant 2015 US$ against 18.68 trillion constant 2015 US$ in United States as of 2024.
- What is the difference in final consumption expenditure between United States and World?
- 52.24 trillion constant 2015 US$, with World ahead.
- How many years of comparable data are there for United States and World?
- 55 years are reported by both, from 1970 to 2024.
- How do United States and World rank globally for final consumption expenditure?
- United States ranks 1st and World ranks 1st of 171 countries.
- Where does this data come from?
- Country official statistics, National Statistical Organizations and/or Central Banks, published as Final consumption expenditure (constant 2015 US$). 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.