China (People's Republic of) vs United States: Final consumption expenditure
Final consumption expenditure over time
- China (People's Republic of)
- United States
How they compare
United States currently reports 23.89 trillion current US$ against 10.62 trillion current US$ in China (People's Republic of), a difference of 13.27 trillion current US$.
That makes United States's figure about 2.3 times China (People's Republic of)'s.
Across all 55 years both countries report, United States has been ahead every year.
China (People's Republic of) ranks 2nd and United States ranks 1st of 187 countries.
United States has averaged higher in every one of the 6 decades both report.
Head to head by decade
| Decade | China (People's Republic of) | United States | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 89.39 billion current US$ | 1.32 trillion current US$ | 1.23 trillion current US$ | United States |
| 1980s | 170.70 billion current US$ | 3.28 trillion current US$ | 3.11 trillion current US$ | United States |
| 1990s | 417.75 billion current US$ | 6.04 trillion current US$ | 5.62 trillion current US$ | United States |
| 2000s | 1.42 trillion current US$ | 10.41 trillion current US$ | 8.99 trillion current US$ | United States |
| 2010s | 5.77 trillion current US$ | 14.84 trillion current US$ | 9.07 trillion current US$ | United States |
| 2020s | 9.86 trillion current US$ | 20.93 trillion current US$ | 11.07 trillion current US$ | United States |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher final consumption expenditure, China (People's Republic of) or United States?
- United States, at 23.89 trillion current US$ against 10.62 trillion current US$ in China (People's Republic of) as of 2024.
- What is the difference in final consumption expenditure between China (People's Republic of) and United States?
- 13.27 trillion current US$, with United States ahead.
- How many years of comparable data are there for China (People's Republic of) and United States?
- 55 years are reported by both, from 1970 to 2024.
- How do China (People's Republic of) and United States rank globally for final consumption expenditure?
- China (People's Republic of) ranks 2nd and United States ranks 1st of 187 countries.
- Where does this data come from?
- Country official statistics, National Statistical Offices (NSOs), published as Final consumption expenditure (current US$). Statizoid refreshes it automatically from the source and publishes the full history for both places.
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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 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.