Final consumption expenditure in Latin America & Caribbean
Latin America & Caribbean: Final consumption expenditure was 2.4% in 2025. ◆ Volatile
Final consumption expenditure in Latin America & Caribbean, 1961–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in annual % growth.
Analysis
The most recent figure for final consumption expenditure in Latin America & Caribbean is 2.4%, measured in 2025.
Compared with earlier readings it is down 3.3% on the previous year and up 210.3% over ten years.
Over the whole period, final consumption expenditure in Latin America & Caribbean peaked at 11.2% in 1970 and was at its lowest, -6.6%, in 2020.
Latin America & Caribbean ranks 33rd of 42 groups on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Final consumption expenditure in Latin America & Caribbean, year by year
| Year | annual % growth | Change |
|---|---|---|
| 1961 | 7.2% | — |
| 1962 | 3.9% | -46.5% |
| 1963 | 2.5% | -35.1% |
| 1964 | 6.5% | +159.9% |
| 1965 | 10.3% | +57.6% |
| 1966 | 4.2% | -59.0% |
| 1967 | 5.8% | +37.6% |
| 1968 | 6.5% | +13.1% |
| 1969 | 4.0% | -38.8% |
| 1970 | 11.2% | +180.5% |
| 1971 | 7.6% | -32.3% |
| 1972 | 6.9% | -9.5% |
| 1973 | 7.7% | +11.2% |
| 1974 | 6.0% | -21.8% |
| 1975 | 2.8% | -53.7% |
| 1976 | 7.2% | +161.2% |
| 1977 | 2.8% | -60.9% |
| 1978 | 4.2% | +49.8% |
| 1979 | 7.8% | +82.8% |
| 1980 | 6.2% | -19.6% |
| 1981 | 0.5% | -91.9% |
| 1982 | 0.3% | -38.4% |
| 1983 | -1.8% | -680.4% |
| 1984 | 3.2% | -277.7% |
| 1985 | 1.2% | -62.3% |
| 1986 | 6.1% | +401.9% |
| 1987 | 2.1% | -65.5% |
| 1988 | -0.2% | -110.8% |
| 1989 | 2.1% | -1018.8% |
| 1990 | 1.2% | -40.6% |
| 1991 | 3.4% | +178.5% |
| 1992 | 3.4% | -2.0% |
| 1993 | 3.0% | -9.7% |
| 1994 | 5.2% | +72.4% |
| 1995 | 1.7% | -66.7% |
| 1996 | 3.4% | +95.3% |
| 1997 | 5.2% | +53.2% |
| 1998 | 2.7% | -48.5% |
| 1999 | 1.1% | -58.4% |
| 2000 | 3.8% | +243.2% |
| 2001 | 0.7% | -81.3% |
| 2002 | 0.2% | -68.4% |
| 2003 | 1.8% | +700.8% |
| 2004 | 4.0% | +119.1% |
| 2005 | 4.3% | +7.1% |
| 2006 | 5.7% | +33.1% |
| 2007 | 5.1% | -11.0% |
| 2008 | 4.1% | -18.5% |
| 2009 | 0.0% | -99.9% |
| 2010 | 5.8% | +190648.0% |
| 2011 | 5.0% | -13.1% |
| 2012 | 3.2% | -36.1% |
| 2013 | 3.4% | +5.9% |
| 2014 | 1.7% | -51.3% |
| 2015 | 0.8% | -52.5% |
| 2016 | -0.3% | -141.9% |
| 2017 | 2.0% | -716.2% |
| 2018 | 1.6% | -22.3% |
| 2019 | 0.5% | -65.7% |
| 2020 | -6.6% | -1312.7% |
| 2021 | 7.3% | -211.4% |
| 2022 | 4.7% | -35.8% |
| 2023 | 2.5% | -46.0% |
| 2024 | 2.5% | -0.4% |
| 2025 | 2.4% | -3.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 5.7% | 2.5% | 10.3% | 9 |
| 1970s | 6.4% | 2.8% | 11.2% | 10 |
| 1980s | 2.0% | -1.8% | 6.2% | 10 |
| 1990s | 3.1% | 1.1% | 5.2% | 10 |
| 2000s | 3.0% | 0.0% | 5.7% | 10 |
| 2010s | 2.4% | -0.3% | 5.8% | 10 |
| 2020s | 2.2% | -6.6% | 7.3% | 6 |
Countries ranked near Latin America & Caribbean
More economy & growth data for Latin America & Caribbean
- Industry (including construction), value added 1.2% (2025)
- Agriculture, forestry, and fishing, value added 363.36 billion constant 2015 US$ (2025)
- Agriculture, forestry, and fishing, value added 7.1% (2025)
- Services, value added (constant 2015 US$), per capita 6,555 constant 2015 US$ per person (2025)
- Manufacturing, value added 957.00 billion constant 2015 US$ (2025)
- Gross value added at basic prices (GVA) (current US$), annual growth 4.22 % change on previous year (2025)
- Industry (including construction), value added 2.24 trillion current US$ (2025)
- Industry (including construction), value added 1.67 trillion constant 2015 US$ (2025)
- Gross value added at basic prices (GVA) (current US$), per capita 10,278 current US$ per person (2025)
- Services, value added 68.2% (2025)
Frequently asked questions
- What is final consumption expenditure in Latin America & Caribbean?
- Final consumption expenditure in Latin America & Caribbean was 2.4% in 2025, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest final consumption expenditure recorded in Latin America & Caribbean?
- The highest recorded value was 11.2% in 1970.
- What is the lowest final consumption expenditure recorded in Latin America & Caribbean?
- The lowest recorded value was -6.6% in 2020.
- How does Latin America & Caribbean rank for final consumption expenditure?
- Latin America & Caribbean ranks 33rd out of 42 groups with data for 2025.
- Is final consumption expenditure rising or falling in Latin America & Caribbean?
- Over the last ten years it is up 210.3%. The long-run trend across the full record is volatile.
- Where does this Latin America & Caribbean 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.