Italy vs Low & middle income: Final consumption expenditure
Final consumption expenditure over time
- Italy
- Low & middle income
How they compare
Low & middle income currently reports 26.76 trillion current US$ against 1.93 trillion current US$ in Italy, a difference of 24.82 trillion current US$.
That makes Low & middle income's figure about 13.8 times Italy's.
Across all 55 years both countries report, Low & middle income has been ahead every year.
Italy ranks 8th and Low & middle income ranks 7th of 187 countries.
Low & middle income has averaged higher in every one of the 6 decades both report.
Head to head by decade
| Decade | Italy | Low & middle income | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 162.40 billion current US$ | 787.20 billion current US$ | 624.80 billion current US$ | Low & middle income |
| 1980s | 457.30 billion current US$ | 1.83 trillion current US$ | 1.38 trillion current US$ | Low & middle income |
| 1990s | 936.92 billion current US$ | 3.33 trillion current US$ | 2.39 trillion current US$ | Low & middle income |
| 2000s | 1.39 trillion current US$ | 6.69 trillion current US$ | 5.30 trillion current US$ | Low & middle income |
| 2010s | 1.65 trillion current US$ | 17.23 trillion current US$ | 15.58 trillion current US$ | Low & middle income |
| 2020s | 1.67 trillion current US$ | 23.84 trillion current US$ | 22.17 trillion current US$ | Low & middle income |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher final consumption expenditure, Italy or Low & middle income?
- Low & middle income, at 26.76 trillion current US$ against 1.93 trillion current US$ in Italy as of 2024.
- What is the difference in final consumption expenditure between Italy and Low & middle income?
- 24.82 trillion current US$, with Low & middle income ahead.
- How many years of comparable data are there for Italy and Low & middle income?
- 55 years are reported by both, from 1970 to 2024.
- How do Italy and Low & middle income rank globally for final consumption expenditure?
- Italy ranks 8th and Low & middle income ranks 7th of 187 countries.
- Where does this data come from?
- Country official statistics, National Statistical Offices (NSOs), published as Final consumption expenditure (current US$). 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.