Final consumption expenditure in United States
United States: Final consumption expenditure was 3.0% in 2024. ◆ Volatile
Final consumption expenditure in United States, 1971–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in annual % growth.
Analysis
In 2024, final consumption expenditure in United States stood at 3.0%.
Compared with earlier readings it is up 14.0% on the previous year and up 38.7% over ten years.
Over the whole period, final consumption expenditure in United States peaked at 7.3% in 2021 and was at its lowest, -1.6%, in 2020.
That places United States 93rd out of 175 countries with data for 2024, putting it 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 United States, year by year
| Year | annual % growth | Change |
|---|---|---|
| 1971 | 2.9% | — |
| 1972 | 4.8% | +62.0% |
| 1973 | 3.6% | -24.1% |
| 1974 | -0.2% | -105.1% |
| 1975 | 2.3% | -1355.2% |
| 1976 | 4.3% | +87.6% |
| 1977 | 3.7% | -14.5% |
| 1978 | 3.8% | +3.5% |
| 1979 | 2.0% | -46.6% |
| 1980 | 0.1% | -97.3% |
| 1981 | 1.4% | +2481.8% |
| 1982 | 1.6% | +14.9% |
| 1983 | 5.1% | +210.4% |
| 1984 | 4.5% | -12.3% |
| 1985 | 5.1% | +13.9% |
| 1986 | 4.2% | -17.3% |
| 1987 | 3.1% | -26.7% |
| 1988 | 3.7% | +20.6% |
| 1989 | 2.9% | -21.1% |
| 1990 | 2.2% | -26.7% |
| 1991 | 0.5% | -77.2% |
| 1992 | 3.1% | +521.0% |
| 1993 | 2.8% | -9.3% |
| 1994 | 3.2% | +16.0% |
| 1995 | 2.4% | -24.2% |
| 1996 | 2.9% | +19.1% |
| 1997 | 3.4% | +17.5% |
| 1998 | 4.7% | +37.4% |
| 1999 | 4.9% | +4.8% |
| 2000 | 4.4% | -10.2% |
| 2001 | 2.7% | -39.6% |
| 2002 | 2.8% | +4.2% |
| 2003 | 2.9% | +4.3% |
| 2004 | 3.4% | +15.8% |
| 2005 | 3.0% | -9.4% |
| 2006 | 2.6% | -14.9% |
| 2007 | 2.3% | -12.0% |
| 2008 | 0.6% | -74.8% |
| 2009 | -0.3% | -144.2% |
| 2010 | 1.5% | -702.1% |
| 2011 | 0.8% | -50.3% |
| 2012 | 0.8% | +9.3% |
| 2013 | 1.1% | +27.6% |
| 2014 | 2.2% | +104.0% |
| 2015 | 3.1% | +42.5% |
| 2016 | 2.3% | -24.3% |
| 2017 | 2.2% | -7.0% |
| 2018 | 2.5% | +15.7% |
| 2019 | 2.4% | -2.4% |
| 2020 | -1.6% | -163.5% |
| 2021 | 7.3% | -567.4% |
| 2022 | 2.3% | -69.0% |
| 2023 | 2.6% | +16.7% |
| 2024 | 3.0% | +14.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 3.0% | -0.2% | 4.8% | 9 |
| 1980s | 3.2% | 0.1% | 5.1% | 10 |
| 1990s | 3.0% | 0.5% | 4.9% | 10 |
| 2000s | 2.4% | -0.3% | 4.4% | 10 |
| 2010s | 1.9% | 0.8% | 3.1% | 10 |
| 2020s | 2.7% | -1.6% | 7.3% | 5 |
Countries ranked near United States
More economy & growth data for United States
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.63 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.12 Percent per annum (2029)
- Gross value added at basic prices (GVA) (current US$), annual growth 10.53 % change on previous year (2021)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.9477 current US$ per US$ of GDP (2021)
- Gross value added at basic prices (GVA) (current US$), per capita 67,708 current US$ per person (2021)
- Gross value added at basic prices (GVA) (current LCU), annual growth 10.53 % change on previous year (2021)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 0.9477 current LCU per US$ of GDP (2021)
- Gross value added at basic prices (GVA) (current LCU), per capita 67,708 current LCU per person (2021)
- GDP (current US$), annual growth rate 5.02 % change on previous year (2025)
- GDP (current US$), per capita 90,026 current US$ per person (2025)
Frequently asked questions
- What is final consumption expenditure in United States?
- Final consumption expenditure in United States 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 United States?
- The highest recorded value was 7.3% in 2021.
- What is the lowest final consumption expenditure recorded in United States?
- The lowest recorded value was -1.6% in 2020.
- How does United States rank for final consumption expenditure?
- United States ranks 93rd out of 175 countries with data for 2024.
- Is final consumption expenditure rising or falling in United States?
- Over the last ten years it is up 38.7%. The long-run trend across the full record is volatile.
- Where does this United States 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.