Annual growth of the general government final consumption expenditure in Caribbean
Caribbean: Annual growth of the general government final consumption expenditure was -3.4% in 2024. ◆ Volatile
Annual growth of the general government final consumption expenditure in Caribbean, 2000–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
In 2024, annual growth of the general government final consumption expenditure in Caribbean stood at -3.4%.
The figure is up 42.8% on the previous year and down 338.6% over ten years.
Over the whole period, annual growth of the general government final consumption expenditure in Caribbean peaked at 8.2% in 2021 and was at its lowest, -6.0%, in 2023.
That places Caribbean 31st out of 32 groups with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Annual growth of the general government final consumption expenditure in Caribbean, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 0.9% | — |
| 2001 | 4.0% | +361.6% |
| 2002 | 5.0% | +26.4% |
| 2003 | 2.6% | -47.4% |
| 2004 | 5.1% | +95.5% |
| 2005 | 7.6% | +46.7% |
| 2006 | 5.6% | -25.8% |
| 2007 | 7.1% | +26.9% |
| 2008 | 1.3% | -82.1% |
| 2009 | 2.4% | +86.8% |
| 2010 | 1.3% | -45.3% |
| 2011 | -1.3% | -196.4% |
| 2012 | -0.2% | -82.9% |
| 2013 | 0.7% | -412.6% |
| 2014 | 1.4% | +115.9% |
| 2015 | -1.2% | -183.8% |
| 2016 | -0.7% | -43.6% |
| 2017 | 3.2% | -571.5% |
| 2018 | 1.3% | -58.6% |
| 2019 | 4.4% | +232.0% |
| 2020 | -3.3% | -175.1% |
| 2021 | 8.2% | -347.8% |
| 2022 | 2.4% | -70.9% |
| 2023 | -6.0% | -350.9% |
| 2024 | -3.4% | -42.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 4.2% | 0.9% | 7.6% | 10 |
| 2010s | 0.9% | -1.3% | 4.4% | 10 |
| 2020s | -0.4% | -6.0% | 8.2% | 5 |
Countries ranked near Caribbean
- 28 Croatia 7.3% compare
- 29 Philippines 7.3% compare
- 30 Paraguay 7.1% compare
- 31 Latvia 7.0% compare
- 32 Solomon Islands 6.9% compare
- 33 Sierra Leone 6.8% compare
- 34 Samoa 6.8% compare
More economy & growth data for Caribbean
- Gross Domestic Product, GDP in millions constant 2021 international $ 828,667 (2027)
- Gross Domestic Product — Value US$ 592,877 million USD (2024)
- Gross Fixed Capital Formation — Value US$, 2015 prices 64,099 million USD (2024)
- Gross Domestic Product — Value US$ per capita 13,606 USD (2024)
- Gross Domestic Product — Value US$ per capita, 2015 prices 8,773 USD (2024)
- Gross Domestic Product — Value US$, 2015 prices 382,272 million USD (2024)
- Gross Domestic Product — Annual growth US$ 6.85 % (2024)
- Gross Domestic Product — Annual growth US$ per capita 6.36 % (2024)
- Gross Fixed Capital Formation — Annual growth US$ 0.3236 % (2024)
- Gross Fixed Capital Formation — Share of GDP US$, 2015 prices 16.77 % (2024)
Frequently asked questions
- What is annual growth of the general government final consumption expenditure in Caribbean?
- Annual growth of the general government final consumption expenditure in Caribbean was -3.4% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest annual growth of the general government final consumption expenditure recorded in Caribbean?
- The highest recorded value was 8.2% in 2021.
- What is the lowest annual growth of the general government final consumption expenditure recorded in Caribbean?
- The lowest recorded value was -6.0% in 2023.
- How does Caribbean rank for annual growth of the general government final consumption expenditure?
- Caribbean ranks 31st out of 32 groups with data for 2024.
- Is annual growth of the general government final consumption expenditure rising or falling in Caribbean?
- Over the last ten years it is down 338.6%. The long-run trend across the full record is volatile.
- Where does this Caribbean data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Annual growth of the general government final consumption expenditure (%). Statizoid updates them automatically from the source API.
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