Final consumption expenditure in World
World: Final consumption expenditure was 2.9% in 2024. ▼ Falling
Final consumption expenditure in World, 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 World is 2.9%, measured in 2024.
Compared with earlier readings it is down 10.9% on the previous year and up 9.8% over ten years.
Over the whole period, final consumption expenditure in World peaked at 6.5% in 2021 and was at its lowest, -3.0%, in 2020.
That places World 30th out of 40 regions with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently falling across the 54 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 3.9% | 1.9% | 5.3% | 9 |
| 1980s | 2.9% | 1.7% | 3.9% | 10 |
| 1990s | 2.7% | 1.6% | 3.9% | 10 |
| 2000s | 3.0% | 0.9% | 4.1% | 10 |
| 2010s | 2.8% | 2.3% | 3.1% | 10 |
| 2020s | 2.7% | -3.0% | 6.5% | 5 |
Countries ranked near World
- 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
- 33 Maldives 5.8% compare
More economy & growth data for World
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.23 Percent per annum (2028)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.11 Percent per annum (2028)
- GNI per capita, Atlas method 14,244 current US$ (2025)
- GNI 117.70 trillion current US$ (2025)
- GNI, Atlas method 117.02 trillion current US$ (2025)
- Gross domestic savings 26.9% (2024)
- Gross domestic savings 30.01 trillion current US$ (2024)
- GDP per capita growth 2.0% (2025)
- GDP per capita 12,131 constant 2015 US$ (2025)
- GDP per capita 14,406 current US$ (2025)
Frequently asked questions
- What is final consumption expenditure in World?
- Final consumption expenditure in World was 2.9% in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest final consumption expenditure recorded in World?
- The highest recorded value was 6.5% in 2021.
- What is the lowest final consumption expenditure recorded in World?
- The lowest recorded value was -3.0% in 2020.
- How does World rank for final consumption expenditure?
- World ranks 30th out of 40 regions with data for 2024.
- Is final consumption expenditure rising or falling in World?
- Over the last ten years it is up 9.8%. The long-run trend across the full record is falling.
- Where does this World 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.