Economic Outlook No 115 — Private final consumption expenditure, nominal value, GDP expenditure approach by country
May 2024 - The OECD Economic Outlook presents the OECD’s analysis of the major global economic trends and prospects for the next two years. The Outlook puts forward a consistent set of projections for output, employment, government spending, prices and current balances based on a review of each member country and...
What the numbers show
Economic Outlook No 115 — Private final consumption expenditure, nominal value, GDP expenditure approach is currently reported for 37 countries. The highest value is 13,421.10 trillion in Indonesia; the lowest is 27.92 billion in Luxembourg.
The median across all reporting countries is 1.72 trillion, and the mean is 441.67 trillion.
Economic Outlook No 115 — Private final consumption expenditure: full country ranking
| # | Country | Latest | Year | 10-year change | Trend |
|---|---|---|---|---|---|
| 1 | Indonesia | 13,421.10 trillion | 2025 | up 102.7% | volatile |
| 2 | Colombia | 1,395.55 trillion | 2025 | up 153.3% | volatile |
| 3 | Argentina | 621.95 trillion | 2025 | up 15,748.5% | volatile |
| 4 | Japan | 336.40 trillion | 2025 | up 12.1% | volatile |
| 5 | India | 210.14 trillion | 2025 | up 158.6% | volatile |
| 6 | Chile | 193.39 trillion | 2025 | up 97.4% | volatile |
| 7 | Hungary | 42.67 trillion | 2025 | up 148.9% | volatile |
| 8 | Costa Rica | 34.01 trillion | 2025 | up 73.6% | volatile |
| 9 | Mexico | 25.09 trillion | 2025 | up 88.7% | volatile |
| 10 | United States | 20.26 trillion | 2025 | up 64.7% | volatile |
| 11 | Brazil | 7.88 trillion | 2025 | up 105.5% | volatile |
| 12 | South Africa | 5.06 trillion | 2025 | up 79.9% | volatile |
| 13 | Czechia | 3.66 trillion | 2025 | up 67.9% | rising |
| 14 | Sweden | 2.94 trillion | 2025 | up 50.1% | volatile |
| 15 | Iceland | 2.43 trillion | 2025 | up 111.4% | volatile |
| 16 | Germany | 2.22 trillion | 2025 | up 38.5% | rising |
| 17 | Norway | 2.12 trillion | 2025 | up 56.8% | volatile |
| 18 | United Kingdom | 1.77 trillion | 2025 | up 44.0% | volatile |
| 19 | Canada | 1.72 trillion | 2025 | up 49.3% | volatile |
| 20 | France | 1.62 trillion | 2025 | up 36.4% | volatile |
| 21 | Australia | 1.44 trillion | 2025 | up 54.8% | volatile |
| 22 | Denmark | 1.38 trillion | 2025 | up 43.5% | volatile |
| 23 | Italy | 1.29 trillion | 2025 | up 28.5% | volatile |
| 24 | Romania | 1.17 trillion | 2025 | up 167.6% | volatile |
| 25 | Israel | 1.01 trillion | 2025 | up 62.4% | rising |
| 26 | Spain | 893.45 billion | 2025 | up 41.8% | volatile |
| 27 | Peru | 715.00 billion | 2025 | up 81.2% | rising |
| 28 | Switzerland | 433.65 billion | 2025 | up 22.8% | volatile |
| 29 | Belgium | 330.24 billion | 2025 | up 54.4% | volatile |
| 30 | Austria | 271.29 billion | 2025 | up 49.6% | volatile |
| 31 | New Zealand | 254.38 billion | 2025 | up 75.7% | volatile |
| 32 | Portugal | 179.45 billion | 2025 | up 52.3% | volatile |
| 33 | Greece | 164.02 billion | 2025 | up 36.2% | rising |
| 34 | Finland | 153.98 billion | 2025 | up 33.7% | volatile |
| 35 | Ireland | 149.55 billion | 2025 | up 72.4% | rising |
| 36 | Bulgaria | 122.54 billion | 2025 | up 120.5% | volatile |
| 37 | Luxembourg | 27.92 billion | 2025 | up 58.6% | volatile |
Regions and income groups
Aggregates are excluded from the country ranking above so that a region can never outrank a country.
- Korea 1,190.11 trillion
- Türkiye 33.03 trillion
- Euro area (17 countries) 8.01 trillion
- Slovak Republic 79.72 billion
- Poland 2.26 trillion
- Croatia 49.93 billion
- Netherlands 493.60 billion
- Lithuania 47.16 billion
- Slovenia 37.29 billion
- Latvia 27.15 billion
- Estonia 21.69 billion
About this data
May 2024 - The OECD Economic Outlook presents the OECD’s analysis of the major global economic trends and prospects for the next two years. The Outlook puts forward a consistent set of projections for output, employment, government spending, prices and current balances based on a review of each member country and of the induced effect on each of them on international developments. OECD (2024), OECD Economic Outlook No 115 (Edition 2024/1) EO115 Database documentation EO115 Last historical points gdp inflation cpi population unemployment real gdp gdp per capita employment OECD Economic Outlook website: https://www.oecd.org/economic-outlook/ Contact: eco.outlook@oecd.org Keywords: Outlook, forecasts, forecast, GDP