Economic Outlook No 117 — Private final consumption expenditure, volume, growth by country
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...
What the numbers show
Economic Outlook No 117 — Private final consumption expenditure, volume, growth is currently reported for 46 countries. The highest value is 6.72 in India; the lowest is 0.5725 in Japan.
The median across all reporting countries is 1.85, and the mean is 2.24.
The gap between the highest and lowest reporting country is a factor of about 12.
Over the past decade 11 countries rose and 35 fell. The largest increase was in Argentina (up 587.9%), and the largest decrease in United Kingdom of Great Britain and Northern Ireland (down 75.9%).
Economic Outlook No 117 — Private final consumption expenditure: full country ranking
| # | Country | Latest | Year | 10-year change | Trend |
|---|---|---|---|---|---|
| 1 | India | 6.72 | 2026 | down 17.4% | rising |
| 1 | Lithuania | 4.01 | 2026 | up 5.9% | volatile |
| 1 | Croatia | 2.45 | 2026 | down 22.5% | volatile |
| 2 | Israel | 5.83 | 2026 | down 6.2% | volatile |
| 2 | Poland | 3.49 | 2026 | down 6.6% | volatile |
| 3 | Indonesia | 5.19 | 2026 | up 2.8% | volatile |
| 3 | Türkiye | 2.95 | 2026 | down 23.3% | volatile |
| 4 | Hungary | 3.93 | 2026 | down 18.9% | volatile |
| 4 | Estonia | 1.91 | 2026 | down 51.6% | volatile |
| 5 | Argentina | 3.81 | 2026 | up 587.9% | volatile |
| 5 | Slovenia | 1.67 | 2026 | down 59.2% | volatile |
| 6 | Costa Rica | 3.57 | 2026 | down 4.9% | volatile |
| 6 | Netherlands | 1.61 | 2026 | up 33.0% | volatile |
| 7 | Bulgaria | 3.03 | 2026 | up 45.5% | volatile |
| 7 | Latvia | 1.52 | 2026 | down 60.9% | volatile |
| 8 | Czechia | 2.79 | 2026 | down 21.4% | volatile |
| 9 | Peru | 2.77 | 2026 | down 25.4% | volatile |
| 10 | Iceland | 2.6 | 2026 | down 61.4% | volatile |
| 11 | Romania | 2.4 | 2026 | down 60.2% | volatile |
| 12 | Australia | 2.32 | 2026 | down 12.7% | volatile |
| 13 | Sweden | 2.23 | 2026 | down 0.5% | volatile |
| 14 | Norway | 2.21 | 2026 | up 96.4% | volatile |
| 15 | Brazil | 1.91 | 2026 | up 149.5% | volatile |
| 16 | Ireland | 1.89 | 2026 | down 52.2% | volatile |
| 17 | Colombia | 1.87 | 2026 | up 18.3% | volatile |
| 18 | Spain | 1.86 | 2026 | down 30.1% | volatile |
| 19 | Mexico | 1.83 | 2026 | down 4.8% | volatile |
| 20 | New Zealand | 1.79 | 2026 | down 68.9% | volatile |
| 21 | Finland | 1.7 | 2026 | down 7.8% | volatile |
| 22 | Luxembourg | 1.69 | 2026 | down 49.7% | volatile |
| 23 | Greece | 1.69 | 2026 | up 398.8% | volatile |
| 24 | Portugal | 1.6 | 2026 | down 32.1% | volatile |
| 25 | Denmark | 1.58 | 2026 | down 51.7% | volatile |
| 26 | Chile | 1.53 | 2026 | down 51.6% | volatile |
| 27 | OECD | 1.48 | 2026 | down 32.3% | volatile |
| 28 | Austria | 1.41 | 2026 | down 23.6% | volatile |
| 29 | Switzerland | 1.39 | 2026 | down 14.3% | volatile |
| 30 | United States | 1.33 | 2026 | down 45.8% | volatile |
| 31 | South Africa | 1.29 | 2026 | up 88.8% | volatile |
| 32 | France | 1.14 | 2026 | down 26.0% | volatile |
| 33 | Germany | 0.9591 | 2026 | down 52.4% | volatile |
| 34 | Canada | 0.9408 | 2026 | down 55.3% | volatile |
| 35 | United Kingdom of Great Britain and Northern Ireland | 0.8878 | 2026 | down 75.9% | volatile |
| 36 | Belgium | 0.8024 | 2026 | down 50.1% | volatile |
| 37 | Italy | 0.7396 | 2026 | down 4.8% | volatile |
| 38 | Japan | 0.5725 | 2026 | up 234.2% | volatile |
Regions and income groups
Aggregates are excluded from the country ranking above so that a region can never outrank a country.
- Korea 2.41
- Slovak Republic 1.08
- Euro area (17 countries) 1.2
About this data
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 (2025), OECD Economic Outlook No 117 (Edition 2025/1) EO117 Database documentation EO117 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