Annual growth of the general government final consumption expenditure in Least Developed Countries (LDCs)
Least Developed Countries (LDCs): Annual growth of the general government final consumption expenditure was 5.6% in 2024. ◆ Volatile
Annual growth of the general government final consumption expenditure in Least Developed Countries (LDCs), 2003–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
In 2024, annual growth of the general government final consumption expenditure in Least Developed Countries (LDCs) stood at 5.6%.
That represents a change of up 5,177.3% on the previous year and up 1,865.1% over ten years.
Over the whole period, annual growth of the general government final consumption expenditure in Least Developed Countries (LDCs) peaked at 12.5% in 2011 and was at its lowest, -0.6%, in 2015.
That places Least Developed Countries (LDCs) 2nd out of 32 groups with data for 2024, putting it in the top 10%.
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 Least Developed Countries (LDCs), year by year
| Year | % | Change |
|---|---|---|
| 2003 | 4.0% | — |
| 2004 | 4.5% | +14.2% |
| 2005 | 7.7% | +70.4% |
| 2006 | 8.9% | +15.5% |
| 2007 | 9.0% | +0.9% |
| 2008 | 2.9% | -68.3% |
| 2009 | 3.4% | +18.4% |
| 2010 | 2.5% | -24.5% |
| 2011 | 12.5% | +392.1% |
| 2012 | 2.4% | -81.2% |
| 2013 | 9.3% | +293.6% |
| 2014 | -0.3% | -103.4% |
| 2015 | -0.6% | +104.0% |
| 2016 | 1.1% | -265.2% |
| 2017 | 2.7% | +148.6% |
| 2018 | 2.3% | -12.5% |
| 2019 | 4.2% | +79.5% |
| 2020 | 0.1% | -98.1% |
| 2021 | 3.8% | +4660.3% |
| 2022 | 4.7% | +23.5% |
| 2023 | 0.1% | -97.7% |
| 2024 | 5.6% | +5177.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 5.8% | 2.9% | 9.0% | 7 |
| 2010s | 3.6% | -0.6% | 12.5% | 10 |
| 2020s | 2.9% | 0.1% | 5.6% | 5 |
Countries ranked near Least Developed Countries (LDCs)
More economy & growth data for Least Developed Countries (LDCs)
- Gross Fixed Capital Formation — Value US$, 2015 prices 437,904 million USD (2024)
- Gross Fixed Capital Formation — Annual growth US$, 2015 prices 6.33 % (2024)
- Gross Fixed Capital Formation — Annual growth US$ 2.46 % (2024)
- Gross Fixed Capital Formation — Share of GDP US$, 2015 prices 31.16 % (2024)
- Gross Fixed Capital Formation — Share of GDP US$ 25.21 % (2024)
- Gross Domestic Product — Value US$ 1.51 million million USD (2024)
- Gross Domestic Product — Value US$ per capita 1,271 USD (2024)
- Gross Domestic Product — Value US$ per capita, 2015 prices 1,183 USD (2024)
- Gross Domestic Product — Annual growth US$ 5.94 % (2024)
- Gross Fixed Capital Formation — Value US$ 380,646 million USD (2024)
Frequently asked questions
- What is annual growth of the general government final consumption expenditure in Least Developed Countries (LDCs)?
- Annual growth of the general government final consumption expenditure in Least Developed Countries (LDCs) was 5.6% 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 Least Developed Countries (LDCs)?
- The highest recorded value was 12.5% in 2011.
- What is the lowest annual growth of the general government final consumption expenditure recorded in Least Developed Countries (LDCs)?
- The lowest recorded value was -0.6% in 2015.
- How does Least Developed Countries (LDCs) rank for annual growth of the general government final consumption expenditure?
- Least Developed Countries (LDCs) ranks 2nd out of 32 groups with data for 2024.
- Is annual growth of the general government final consumption expenditure rising or falling in Least Developed Countries (LDCs)?
- Over the last ten years it is up 1,865.1%. The long-run trend across the full record is volatile.
- Where does this Least Developed Countries (LDCs) 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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