Australia vs Latin America & Caribbean: Final consumption expenditure
Final consumption expenditure over time
- Australia
- Latin America & Caribbean
How they compare
Latin America & Caribbean currently reports 6.06 trillion current US$ against 1.35 trillion current US$ in Australia, a difference of 4.71 trillion current US$.
That makes Latin America & Caribbean's figure about 4.5 times Australia's.
Across all 66 years both countries report, Latin America & Caribbean has been ahead every year.
Australia ranks 14th and Latin America & Caribbean ranks 17th of 187 countries.
Latin America & Caribbean has averaged higher in every one of the 7 decades both report.
Head to head by decade
| Decade | Australia | Latin America & Caribbean | Difference | Ahead |
|---|---|---|---|---|
| 1960s | 17.84 billion current US$ | 92.35 billion current US$ | 74.51 billion current US$ | Latin America & Caribbean |
| 1970s | 61.98 billion current US$ | 299.14 billion current US$ | 237.16 billion current US$ | Latin America & Caribbean |
| 1980s | 147.28 billion current US$ | 644.08 billion current US$ | 496.80 billion current US$ | Latin America & Caribbean |
| 1990s | 272.32 billion current US$ | 1.45 trillion current US$ | 1.18 trillion current US$ | Latin America & Caribbean |
| 2000s | 490.66 billion current US$ | 2.40 trillion current US$ | 1.91 trillion current US$ | Latin America & Caribbean |
| 2010s | 1.03 trillion current US$ | 4.62 trillion current US$ | 3.58 trillion current US$ | Latin America & Caribbean |
| 2020s | 1.20 trillion current US$ | 5.11 trillion current US$ | 3.90 trillion current US$ | Latin America & Caribbean |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher final consumption expenditure, Australia or Latin America & Caribbean?
- Latin America & Caribbean, at 6.06 trillion current US$ against 1.35 trillion current US$ in Australia as of 2025.
- What is the difference in final consumption expenditure between Australia and Latin America & Caribbean?
- 4.71 trillion current US$, with Latin America & Caribbean ahead.
- How many years of comparable data are there for Australia and Latin America & Caribbean?
- 66 years are reported by both, from 1960 to 2025.
- How do Australia and Latin America & Caribbean rank globally for final consumption expenditure?
- Australia ranks 14th and Latin America & Caribbean ranks 17th of 187 countries.
- Where does this data come from?
- Country official statistics, National Statistical Offices (NSOs), published as Final consumption expenditure (current US$). 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 current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.