Latin America & the Caribbean (IDA & IBRD countries) vs Saudi Arabia: Final consumption expenditure
Final consumption expenditure over time
- Latin America & the Caribbean (IDA & IBRD countries)
- Saudi Arabia
How they compare
Latin America & the Caribbean (IDA & IBRD countries) currently reports 5.76 trillion current US$ against 853.04 billion current US$ in Saudi Arabia, a difference of 4.91 trillion current US$.
That makes Latin America & the Caribbean (IDA & IBRD countries)'s figure about 6.8 times Saudi Arabia's.
Across all 58 years both countries report, Latin America & the Caribbean (IDA & IBRD countries) has been ahead every year.
Latin America & the Caribbean (IDA & IBRD countries) ranks 21st and Saudi Arabia ranks 19th of 43 groups.
Latin America & the Caribbean (IDA & IBRD countries) has averaged higher in every one of the 7 decades both report.
Head to head by decade
| Decade | Latin America & the Caribbean (IDA & IBRD countries) | Saudi Arabia | Difference | Ahead |
|---|---|---|---|---|
| 1960s | 113.23 billion current US$ | 2.21 billion current US$ | 111.02 billion current US$ | Latin America & the Caribbean (IDA & IBRD countries) |
| 1970s | 278.61 billion current US$ | 19.65 billion current US$ | 258.96 billion current US$ | Latin America & the Caribbean (IDA & IBRD countries) |
| 1980s | 600.38 billion current US$ | 83.55 billion current US$ | 516.83 billion current US$ | Latin America & the Caribbean (IDA & IBRD countries) |
| 1990s | 1.39 trillion current US$ | 102.68 billion current US$ | 1.28 trillion current US$ | Latin America & the Caribbean (IDA & IBRD countries) |
| 2000s | 2.29 trillion current US$ | 164.47 billion current US$ | 2.12 trillion current US$ | Latin America & the Caribbean (IDA & IBRD countries) |
| 2010s | 4.45 trillion current US$ | 452.44 billion current US$ | 4.00 trillion current US$ | Latin America & the Caribbean (IDA & IBRD countries) |
| 2020s | 4.85 trillion current US$ | 738.06 billion current US$ | 4.12 trillion current US$ | Latin America & the Caribbean (IDA & IBRD countries) |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher final consumption expenditure, Latin America & the Caribbean (IDA & IBRD countries) or Saudi Arabia?
- Latin America & the Caribbean (IDA & IBRD countries), at 5.76 trillion current US$ against 853.04 billion current US$ in Saudi Arabia as of 2025.
- What is the difference in final consumption expenditure between Latin America & the Caribbean (IDA & IBRD countries) and Saudi Arabia?
- 4.91 trillion current US$, with Latin America & the Caribbean (IDA & IBRD countries) ahead.
- How many years of comparable data are there for Latin America & the Caribbean (IDA & IBRD countries) and Saudi Arabia?
- 58 years are reported by both, from 1968 to 2025.
- How do Latin America & the Caribbean (IDA & IBRD countries) and Saudi Arabia rank globally for final consumption expenditure?
- Latin America & the Caribbean (IDA & IBRD countries) ranks 21st and Saudi Arabia ranks 19th of 43 groups.
- Where does this data come from?
- Country official statistics, National Statistical Offices (NSOs), published as Final consumption expenditure (current US$). 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.