Economic Outlook No 115 — Private final consumption expenditure, volume 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, volume is currently reported for 38 countries. The highest value is 7,346.86 trillion in Indonesia; the lowest is 22.45 billion in Luxembourg.
The median across all reporting countries is 1.36 trillion, and the mean is 231.81 trillion.
Over the past decade 37 countries rose and 1 fell. The largest increase was in India (up 65.6%), and the largest decrease in Argentina (down 1.9%).
Economic Outlook No 115 — Private final consumption expenditure: full country ranking
| # | Country | Latest | Year | 10-year change | Trend |
|---|---|---|---|---|---|
| 1 | Indonesia | 7,346.86 trillion | 2025 | up 47.5% | rising |
| 2 | Colombia | 769.32 trillion | 2025 | up 39.6% | rising |
| 3 | Japan | 300.42 trillion | 2025 | up 0.1% | rising |
| 4 | Chile | 133.44 trillion | 2025 | up 26.0% | rising |
| 5 | India | 105.71 trillion | 2025 | up 65.6% | rising |
| 6 | OECD | 39.35 trillion | 2025 | up 20.9% | rising |
| 7 | Costa Rica | 27.32 trillion | 2025 | up 33.8% | rising |
| 8 | Hungary | 24.42 trillion | 2025 | up 42.4% | rising |
| 9 | Mexico | 18.42 trillion | 2025 | up 19.0% | volatile |
| 10 | United States of America | 16.09 trillion | 2025 | up 27.3% | volatile |
| 11 | South Africa | 3.15 trillion | 2025 | up 12.0% | volatile |
| 12 | Sweden | 2.66 trillion | 2025 | up 15.2% | rising |
| 13 | Czechia | 2.44 trillion | 2025 | up 12.0% | rising |
| 14 | Norway | 1.76 trillion | 2025 | up 12.8% | volatile |
| 15 | Germany | 1.73 trillion | 2025 | up 7.9% | rising |
| 16 | Iceland | 1.65 trillion | 2025 | up 43.5% | volatile |
| 17 | United Kingdom of Great Britain and Northern Ireland | 1.43 trillion | 2025 | up 8.9% | rising |
| 18 | Brazil | 1.42 trillion | 2025 | up 13.5% | rising |
| 19 | Canada | 1.40 trillion | 2025 | up 19.8% | volatile |
| 20 | France | 1.31 trillion | 2025 | up 10.6% | rising |
| 21 | Australia | 1.23 trillion | 2025 | up 19.5% | volatile |
| 22 | Italy | 1.06 trillion | 2025 | up 5.6% | rising |
| 23 | Denmark | 1.06 trillion | 2025 | up 17.9% | rising |
| 24 | Israel | 866.06 billion | 2025 | up 38.8% | rising |
| 25 | Romania | 810.73 billion | 2025 | up 60.1% | rising |
| 26 | Spain | 714.96 billion | 2025 | up 13.4% | rising |
| 27 | Argentina | 511.20 billion | 2025 | down 1.9% | rising |
| 28 | Switzerland | 397.92 billion | 2025 | up 12.7% | rising |
| 29 | Peru | 390.56 billion | 2025 | up 25.7% | rising |
| 30 | Belgium | 242.71 billion | 2025 | up 13.5% | rising |
| 31 | Austria | 197.61 billion | 2025 | up 9.0% | rising |
| 32 | New Zealand | 181.54 billion | 2025 | up 34.5% | rising |
| 33 | Portugal | 142.41 billion | 2025 | up 19.7% | rising |
| 34 | Greece | 141.69 billion | 2025 | up 17.6% | rising |
| 35 | Finland | 127.18 billion | 2025 | up 10.4% | rising |
| 36 | Ireland | 124.46 billion | 2025 | up 29.3% | rising |
| 37 | Bulgaria | 81.02 billion | 2025 | up 45.8% | rising |
| 38 | Luxembourg | 22.45 billion | 2025 | up 27.5% | volatile |
Regions and income groups
Aggregates are excluded from the country ranking above so that a region can never outrank a country.
- Korea 971.76 trillion
- Euro area (17 countries) 6.31 trillion
- Türkiye 1.76 trillion
- Slovak Republic 54.02 billion
- Poland 1.43 trillion
- Croatia 37.52 billion
- Netherlands 356.60 billion
- Lithuania 30.05 billion
- Slovenia 26.20 billion
- Latvia 18.53 billion
- Estonia 13.90 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