Final consumption expenditure in High income
High income: Final consumption expenditure was 2.3% in 2024. ◆ Volatile
Final consumption expenditure in High income, 1971–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in annual % growth.
Analysis
High income recorded 2.3% for final consumption expenditure in 2024.
Compared with earlier readings it is up 11.6% on the previous year and up 24.4% over ten years.
Over the whole period, final consumption expenditure in High income peaked at 5.9% in 2021 and was at its lowest, -3.4%, in 2020.
That places High income 37th out of 40 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.
Final consumption expenditure in High income, year by year
| Year | annual % growth | Change |
|---|---|---|
| 1971 | 4.1% | — |
| 1972 | 5.3% | +28.0% |
| 1973 | 4.9% | -8.0% |
| 1974 | 1.2% | -76.3% |
| 1975 | 2.9% | +150.3% |
| 1976 | 4.1% | +40.3% |
| 1977 | 3.1% | -22.7% |
| 1978 | 3.8% | +22.0% |
| 1979 | 3.2% | -15.1% |
| 1980 | 1.3% | -60.5% |
| 1981 | 1.6% | +24.4% |
| 1982 | 1.7% | +4.8% |
| 1983 | 3.3% | +95.1% |
| 1984 | 3.0% | -8.0% |
| 1985 | 3.7% | +24.9% |
| 1986 | 3.9% | +5.4% |
| 1987 | 3.5% | -10.4% |
| 1988 | 3.9% | +10.0% |
| 1989 | 3.3% | -16.1% |
| 1990 | 2.9% | -12.0% |
| 1991 | 1.3% | -55.3% |
| 1992 | 2.4% | +89.0% |
| 1993 | 1.7% | -28.1% |
| 1994 | 2.6% | +50.6% |
| 1995 | 2.2% | -14.6% |
| 1996 | 2.6% | +17.9% |
| 1997 | 2.7% | +3.7% |
| 1998 | 3.0% | +9.4% |
| 1999 | 3.9% | +28.2% |
| 2000 | 3.8% | -2.4% |
| 2001 | 2.6% | -31.2% |
| 2002 | 2.5% | -3.9% |
| 2003 | 2.3% | -6.0% |
| 2004 | 2.9% | +23.9% |
| 2005 | 2.8% | -2.1% |
| 2006 | 2.7% | -6.1% |
| 2007 | 2.7% | +3.3% |
| 2008 | 1.2% | -58.2% |
| 2009 | -0.3% | -125.7% |
| 2010 | 1.7% | -668.6% |
| 2011 | 1.1% | -35.3% |
| 2012 | 1.0% | -3.7% |
| 2013 | 1.3% | +21.3% |
| 2014 | 1.8% | +43.8% |
| 2015 | 2.2% | +18.8% |
| 2016 | 2.0% | -8.9% |
| 2017 | 2.2% | +10.4% |
| 2018 | 2.2% | -1.0% |
| 2019 | 2.0% | -7.7% |
| 2020 | -3.4% | -272.5% |
| 2021 | 5.9% | -271.5% |
| 2022 | 3.2% | -45.2% |
| 2023 | 2.0% | -37.0% |
| 2024 | 2.3% | +11.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 3.6% | 1.2% | 5.3% | 9 |
| 1980s | 2.9% | 1.3% | 3.9% | 10 |
| 1990s | 2.5% | 1.3% | 3.9% | 10 |
| 2000s | 2.3% | -0.3% | 3.8% | 10 |
| 2010s | 1.7% | 1.0% | 2.2% | 10 |
| 2020s | 2.0% | -3.4% | 5.9% | 5 |
Countries ranked near High income
More economy & growth data for High income
- Manufacturing, value added 12.0% (2024)
- External balance on goods and services 0.9% (2025)
- Trade 60.5% (2024)
- Agriculture, forestry, and fishing, value added 717.59 billion constant 2015 US$ (2024)
- Agriculture, forestry, and fishing, value added -0.3% (2024)
- Trade in services 16.0% (2025)
- Manufacturing, value added 8.09 trillion constant 2015 US$ (2024)
- Services, value added 43.80 trillion current US$ (2021)
- Industry (including construction), value added 21.3% (2024)
- Industry (including construction), value added -0.3% (2024)
Frequently asked questions
- What is final consumption expenditure in High income?
- Final consumption expenditure in High income was 2.3% in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest final consumption expenditure recorded in High income?
- The highest recorded value was 5.9% in 2021.
- What is the lowest final consumption expenditure recorded in High income?
- The lowest recorded value was -3.4% in 2020.
- How does High income rank for final consumption expenditure?
- High income ranks 37th out of 40 groups with data for 2024.
- Is final consumption expenditure rising or falling in High income?
- Over the last ten years it is up 24.4%. The long-run trend across the full record is volatile.
- Where does this High income data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Final consumption expenditure (annual % growth). Statizoid updates them automatically from the source API.
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About this data
Final consumption expenditure is expenditure on goods and services by resident institutional units for the direct satisfaction of human needs or wants, whether individual or collective. Final consumption expenditure can be measured for households, general government, the central bank and non-profit institutions serving households. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.