Final consumption expenditure (constant 2015 US$), annual growth rate in OECD members
OECD members: Final consumption expenditure (constant 2015 US$), annual growth rate was 2.16 % change on previous year in 2024. ◆ Volatile
Final consumption expenditure (constant 2015 US$), annual growth rate in OECD members, 1971–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2024, final consumption expenditure (constant 2015 us$), annual growth rate in OECD members stood at 2.16 % change on previous year.
The figure is up 15.1% on the previous year and up 25.4% over ten years.
Over the whole period, final consumption expenditure (constant 2015 us$), annual growth rate in OECD members peaked at 6.11 % change on previous year in 2021 and was at its lowest, -3.45 % change on previous year, in 2020.
That places OECD members 38th out of 42 groups with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Final consumption expenditure (constant 2015 US$), annual growth rate in OECD members, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 4.15 % change on previous year | — |
| 1972 | 5.31 % change on previous year | +28.0% |
| 1973 | 4.89 % change on previous year | -8.0% |
| 1974 | 1.25 % change on previous year | -74.5% |
| 1975 | 2.95 % change on previous year | +136.5% |
| 1976 | 3.91 % change on previous year | +32.4% |
| 1977 | 3.21 % change on previous year | -17.7% |
| 1978 | 3.87 % change on previous year | +20.4% |
| 1979 | 3.35 % change on previous year | -13.4% |
| 1980 | 1.47 % change on previous year | -56.2% |
| 1981 | 1.73 % change on previous year | +17.8% |
| 1982 | 1.55 % change on previous year | -10.6% |
| 1983 | 3.02 % change on previous year | +95.3% |
| 1984 | 2.98 % change on previous year | -1.3% |
| 1985 | 3.71 % change on previous year | +24.3% |
| 1986 | 3.76 % change on previous year | +1.3% |
| 1987 | 3.36 % change on previous year | -10.6% |
| 1988 | 3.73 % change on previous year | +11.3% |
| 1989 | 3.23 % change on previous year | -13.6% |
| 1990 | 2.96 % change on previous year | -8.1% |
| 1991 | 1.57 % change on previous year | -47.0% |
| 1992 | 2.6 % change on previous year | +65.3% |
| 1993 | 1.77 % change on previous year | -32.0% |
| 1994 | 2.61 % change on previous year | +47.6% |
| 1995 | 2.16 % change on previous year | -17.2% |
| 1996 | 2.77 % change on previous year | +28.4% |
| 1997 | 2.86 % change on previous year | +3.1% |
| 1998 | 3.14 % change on previous year | +9.8% |
| 1999 | 3.93 % change on previous year | +25.2% |
| 2000 | 3.82 % change on previous year | -2.7% |
| 2001 | 2.39 % change on previous year | -37.5% |
| 2002 | 2.39 % change on previous year | +0.2% |
| 2003 | 2.29 % change on previous year | -4.1% |
| 2004 | 2.68 % change on previous year | +16.8% |
| 2005 | 2.63 % change on previous year | -1.7% |
| 2006 | 2.43 % change on previous year | -7.5% |
| 2007 | 2.39 % change on previous year | -1.7% |
| 2008 | 0.8004 % change on previous year | -66.6% |
| 2009 | -0.247 % change on previous year | -130.9% |
| 2010 | 1.88 % change on previous year | -862.8% |
| 2011 | 0.9598 % change on previous year | -49.1% |
| 2012 | 0.8693 % change on previous year | -9.4% |
| 2013 | 1.17 % change on previous year | +34.2% |
| 2014 | 1.72 % change on previous year | +47.3% |
| 2015 | 2.46 % change on previous year | +43.1% |
| 2016 | 2.18 % change on previous year | -11.2% |
| 2017 | 2.08 % change on previous year | -4.6% |
| 2018 | 2.04 % change on previous year | -2.1% |
| 2019 | 1.88 % change on previous year | -8.1% |
| 2020 | -3.45 % change on previous year | -283.8% |
| 2021 | 6.11 % change on previous year | -277.3% |
| 2022 | 3.5 % change on previous year | -42.7% |
| 2023 | 1.87 % change on previous year | -46.5% |
| 2024 | 2.16 % change on previous year | +15.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 3.65 % change on previous year | 1.25 % change on previous year | 5.31 % change on previous year | 9 |
| 1980s | 2.85 % change on previous year | 1.47 % change on previous year | 3.76 % change on previous year | 10 |
| 1990s | 2.64 % change on previous year | 1.57 % change on previous year | 3.93 % change on previous year | 10 |
| 2000s | 2.16 % change on previous year | -0.247 % change on previous year | 3.82 % change on previous year | 10 |
| 2010s | 1.72 % change on previous year | 0.8693 % change on previous year | 2.46 % change on previous year | 10 |
| 2020s | 2.04 % change on previous year | -3.45 % change on previous year | 6.11 % change on previous year | 5 |
Countries ranked near OECD members
- 35 Seychelles 5.42 % change on previous year compare
- 36 Malaysia 5.41 % change on previous year compare
- 37 Sri Lanka 5.33 % change on previous year compare
- 38 Tanzania, United Republic of 5.32 % change on previous year compare
- 39 Gabon 5.16 % change on previous year compare
- 40 Philippines 5.16 % change on previous year compare
- 41 Kenya 5.15 % change on previous year compare
More economy & growth data for OECD members
- Final consumption expenditure (current US$), per capita 37,842 current US$ per person (2024)
- Final consumption expenditure (current US$), per unit of GDP 0.7742 current US$ per US$ of GDP (2024)
- Final consumption expenditure (current US$), annual growth rate 4.73 % change on previous year (2024)
- Households and NPISHs Final consumption expenditure (constant 2015) 24,690 constant 2015 US$ per person (2024)
- Households and NPISHs Final consumption expenditure (constant 2015) 0.5051 constant 2015 US$ per US$ of GDP (2024)
- Households and NPISHs Final consumption expenditure (constant 2015) 2 % change on previous year (2024)
- Inflation, GDP deflator 3.1% (2025)
- GDP growth 1.8% (2025)
- GDP 57.86 trillion constant 2015 US$ (2025)
- GDP 72.54 trillion current US$ (2025)
Frequently asked questions
- What is final consumption expenditure (constant 2015 us$), annual growth rate in OECD members?
- Final consumption expenditure (constant 2015 us$), annual growth rate in OECD members was 2.16 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest final consumption expenditure (constant 2015 us$), annual growth rate recorded in OECD members?
- The highest recorded value was 6.11 % change on previous year in 2021.
- What is the lowest final consumption expenditure (constant 2015 us$), annual growth rate recorded in OECD members?
- The lowest recorded value was -3.45 % change on previous year in 2020.
- How does OECD members rank for final consumption expenditure (constant 2015 us$), annual growth rate?
- OECD members ranks 38th out of 42 groups with data for 2024.
- Is final consumption expenditure (constant 2015 us$), annual growth rate 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 Statizoid (derived), published as part of Final consumption expenditure (constant 2015 US$), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
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How this figure is calculated
The year-on-year percentage change in Final consumption expenditure (constant 2015 US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Final consumption expenditure Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Final consumption expenditure (constant 2015 US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.