Final consumption expenditure in North America
North America: Final consumption expenditure was 3.0% in 2024. ◆ Volatile
Final consumption expenditure in North America, 1971–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in annual % growth.
Analysis
North America recorded 3.0% for final consumption expenditure in 2024.
Compared with earlier readings it is up 13.9% on the previous year and up 38.0% over ten years.
Over the whole period, final consumption expenditure in North America peaked at 7.2% in 2021 and was at its lowest, -1.8%, in 2020.
North America ranks 29th of 40 groups on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Final consumption expenditure in North America, year by year
| Year | annual % growth | Change |
|---|---|---|
| 1971 | 3.1% | — |
| 1972 | 4.9% | +57.0% |
| 1973 | 3.8% | -21.5% |
| 1974 | 0.3% | -93.4% |
| 1975 | 2.5% | +897.7% |
| 1976 | 4.3% | +72.7% |
| 1977 | 3.7% | -15.2% |
| 1978 | 3.7% | +1.4% |
| 1979 | 2.0% | -45.1% |
| 1980 | 0.2% | -89.4% |
| 1981 | 1.4% | +556.1% |
| 1982 | 1.4% | -2.8% |
| 1983 | 4.9% | +251.2% |
| 1984 | 4.4% | -9.6% |
| 1985 | 5.1% | +15.4% |
| 1986 | 4.1% | -18.7% |
| 1987 | 3.1% | -24.7% |
| 1988 | 3.7% | +20.5% |
| 1989 | 3.0% | -20.8% |
| 1990 | 2.1% | -27.8% |
| 1991 | 0.4% | -79.1% |
| 1992 | 2.9% | +556.1% |
| 1993 | 2.7% | -9.2% |
| 1994 | 3.1% | +16.8% |
| 1995 | 2.4% | -24.1% |
| 1996 | 2.8% | +19.2% |
| 1997 | 3.4% | +21.4% |
| 1998 | 4.5% | +32.8% |
| 1999 | 4.8% | +6.1% |
| 2000 | 4.4% | -9.0% |
| 2001 | 2.7% | -39.1% |
| 2002 | 2.8% | +6.2% |
| 2003 | 2.9% | +2.0% |
| 2004 | 3.3% | +14.6% |
| 2005 | 3.0% | -8.0% |
| 2006 | 2.7% | -12.3% |
| 2007 | 2.4% | -10.6% |
| 2008 | 0.8% | -68.1% |
| 2009 | -0.2% | -123.4% |
| 2010 | 1.7% | -1027.4% |
| 2011 | 0.9% | -48.3% |
| 2012 | 0.9% | +3.8% |
| 2013 | 1.1% | +25.0% |
| 2014 | 2.2% | +94.3% |
| 2015 | 3.0% | +39.5% |
| 2016 | 2.3% | -23.1% |
| 2017 | 2.2% | -2.6% |
| 2018 | 2.5% | +12.4% |
| 2019 | 2.4% | -6.2% |
| 2020 | -1.8% | -174.2% |
| 2021 | 7.2% | -506.4% |
| 2022 | 2.5% | -65.0% |
| 2023 | 2.6% | +4.2% |
| 2024 | 3.0% | +13.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 3.1% | 0.3% | 4.9% | 9 |
| 1980s | 3.1% | 0.2% | 5.1% | 10 |
| 1990s | 2.9% | 0.4% | 4.8% | 10 |
| 2000s | 2.5% | -0.2% | 4.4% | 10 |
| 2010s | 1.9% | 0.9% | 3.0% | 10 |
| 2020s | 2.7% | -1.8% | 7.2% | 5 |
Countries ranked near North America
- 26 Guinea-Bissau 6.4% compare
- 27 Equatorial Guinea 6.2% compare
- 28 Bangladesh 6.2% compare
- 29 Cameroon 6.0% compare
- 30 Côte d'Ivoire 6.0% compare
- 31 Panama 6.0% compare
- 32 Niger 5.9% compare
More economy & growth data for North America
- Industry (including construction), value added 4.69 trillion current US$ (2021)
- Imports of goods and services 5.0% (2024)
- Imports of goods and services 15.4% (2024)
- External balance on goods and services -2.8% (2024)
- Trade 28.5% (2024)
- Manufacturing, value added 2.69 trillion current US$ (2021)
- Trade in services 7.5% (2025)
- Gross value added at basic prices (GVA) 24.38 trillion current US$ (2021)
- Inflation, GDP deflator 2.7% (2025)
- Services, value added 75.5% (2021)
Frequently asked questions
- What is final consumption expenditure in North America?
- Final consumption expenditure in North America was 3.0% in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest final consumption expenditure recorded in North America?
- The highest recorded value was 7.2% in 2021.
- What is the lowest final consumption expenditure recorded in North America?
- The lowest recorded value was -1.8% in 2020.
- How does North America rank for final consumption expenditure?
- North America ranks 29th out of 40 groups with data for 2024.
- Is final consumption expenditure rising or falling in North America?
- Over the last ten years it is up 38.0%. The long-run trend across the full record is volatile.
- Where does this North America 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.