Final consumption expenditure in OECD members
OECD members: Final consumption expenditure was 2.2% in 2024. ◆ Volatile
Final consumption expenditure in OECD members, 1971–2024
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 OECD members is 2.2%, measured in 2024.
The figure is up 15.1% on the previous year and up 25.4% over ten years.
Over the whole period, final consumption expenditure in OECD members peaked at 6.1% in 2021 and was at its lowest, -3.4%, in 2020.
OECD members ranks 38th of 40 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 OECD members, year by year
| Year | annual % growth | Change |
|---|---|---|
| 1971 | 4.2% | — |
| 1972 | 5.3% | +28.0% |
| 1973 | 4.9% | -8.0% |
| 1974 | 1.2% | -74.5% |
| 1975 | 3.0% | +136.6% |
| 1976 | 3.9% | +32.4% |
| 1977 | 3.2% | -17.7% |
| 1978 | 3.9% | +20.4% |
| 1979 | 3.4% | -13.4% |
| 1980 | 1.5% | -56.1% |
| 1981 | 1.7% | +17.8% |
| 1982 | 1.5% | -10.6% |
| 1983 | 3.0% | +95.3% |
| 1984 | 3.0% | -1.3% |
| 1985 | 3.7% | +24.4% |
| 1986 | 3.8% | +1.3% |
| 1987 | 3.4% | -10.6% |
| 1988 | 3.7% | +11.2% |
| 1989 | 3.2% | -13.6% |
| 1990 | 3.0% | -8.1% |
| 1991 | 1.6% | -47.0% |
| 1992 | 2.6% | +65.3% |
| 1993 | 1.8% | -32.0% |
| 1994 | 2.6% | +47.5% |
| 1995 | 2.2% | -17.2% |
| 1996 | 2.8% | +28.4% |
| 1997 | 2.9% | +3.1% |
| 1998 | 3.1% | +9.8% |
| 1999 | 3.9% | +25.2% |
| 2000 | 3.8% | -2.7% |
| 2001 | 2.4% | -37.5% |
| 2002 | 2.4% | +0.2% |
| 2003 | 2.3% | -4.2% |
| 2004 | 2.7% | +16.8% |
| 2005 | 2.6% | -1.7% |
| 2006 | 2.4% | -7.5% |
| 2007 | 2.4% | -1.7% |
| 2008 | 0.8% | -66.6% |
| 2009 | -0.2% | -130.9% |
| 2010 | 1.9% | -862.5% |
| 2011 | 1.0% | -49.1% |
| 2012 | 0.9% | -9.4% |
| 2013 | 1.2% | +34.2% |
| 2014 | 1.7% | +47.3% |
| 2015 | 2.5% | +43.1% |
| 2016 | 2.2% | -11.2% |
| 2017 | 2.1% | -4.6% |
| 2018 | 2.0% | -2.1% |
| 2019 | 1.9% | -8.1% |
| 2020 | -3.4% | -283.8% |
| 2021 | 6.1% | -277.3% |
| 2022 | 3.5% | -42.7% |
| 2023 | 1.9% | -46.5% |
| 2024 | 2.2% | +15.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 3.7% | 1.2% | 5.3% | 9 |
| 1980s | 2.9% | 1.5% | 3.8% | 10 |
| 1990s | 2.6% | 1.6% | 3.9% | 10 |
| 2000s | 2.2% | -0.2% | 3.8% | 10 |
| 2010s | 1.7% | 0.9% | 2.5% | 10 |
| 2020s | 2.0% | -3.4% | 6.1% | 5 |
Countries ranked near OECD members
- 35 Kazakhstan 5.7% compare
- 36 Angola 5.5% compare
- 37 Seychelles 5.4% compare
- 38 Malaysia 5.4% compare
- 39 Sri Lanka 5.3% compare
- 40 Tanzania, United Republic of 5.3% compare
- 41 Gabon 5.2% compare
More economy & growth data for OECD members
- Manufacturing, value added 7.62 trillion current US$ (2022)
- Imports of goods and services 3.8% (2025)
- Imports of goods and services 28.3% (2025)
- External balance on goods and services -0.1% (2025)
- Trade 56.9% (2024)
- Agriculture, forestry, and fishing, value added 731.26 billion constant 2015 US$ (2024)
- Trade in services 14.9% (2025)
- Industry (including construction), value added -0.8% (2024)
- Industry (including construction), value added 11.64 trillion constant 2015 US$ (2024)
- Industry (including construction), value added 12.98 trillion current US$ (2022)
Frequently asked questions
- What is final consumption expenditure in OECD members?
- Final consumption expenditure in OECD members was 2.2% in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest final consumption expenditure recorded in OECD members?
- The highest recorded value was 6.1% in 2021.
- What is the lowest final consumption expenditure recorded in OECD members?
- The lowest recorded value was -3.4% in 2020.
- How does OECD members rank for final consumption expenditure?
- OECD members ranks 38th out of 40 groups with data for 2024.
- Is final consumption expenditure rising or falling in OECD members?
- Over the last ten years it is up 25.4%. The long-run trend across the full record is volatile.
- Where does this OECD members 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.