Final consumption expenditure (constant 2015 US$), annual growth rate in World
World: Final consumption expenditure (constant 2015 US$), annual growth rate was 2.91 % change on previous year in 2024. ▼ Falling
Final consumption expenditure (constant 2015 US$), annual growth rate in World, 1971–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2024, final consumption expenditure (constant 2015 us$), annual growth rate in World stood at 2.91 % change on previous year.
That represents a change of down 10.9% on the previous year and up 9.8% over ten years.
Over the whole period, final consumption expenditure (constant 2015 us$), annual growth rate in World peaked at 6.47 % change on previous year in 2021 and was at its lowest, -2.97 % change on previous year, in 2020.
That places World 30th out of 42 groups with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently falling across the 54 years of available data.
Final consumption expenditure (constant 2015 US$), annual growth rate in World, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 4.43 % change on previous year | — |
| 1972 | 5.33 % change on previous year | +20.2% |
| 1973 | 5.03 % change on previous year | -5.6% |
| 1974 | 1.88 % change on previous year | -62.7% |
| 1975 | 3.17 % change on previous year | +68.7% |
| 1976 | 4.27 % change on previous year | +34.9% |
| 1977 | 3.29 % change on previous year | -23.0% |
| 1978 | 3.89 % change on previous year | +18.2% |
| 1979 | 3.59 % change on previous year | -7.6% |
| 1980 | 1.97 % change on previous year | -45.1% |
| 1981 | 1.65 % change on previous year | -16.2% |
| 1982 | 1.67 % change on previous year | +1.0% |
| 1983 | 2.95 % change on previous year | +76.9% |
| 1984 | 3.04 % change on previous year | +2.9% |
| 1985 | 3.47 % change on previous year | +14.3% |
| 1986 | 3.94 % change on previous year | +13.6% |
| 1987 | 3.33 % change on previous year | -15.6% |
| 1988 | 3.57 % change on previous year | +7.3% |
| 1989 | 3.14 % change on previous year | -11.9% |
| 1990 | 2.98 % change on previous year | -5.2% |
| 1991 | 1.55 % change on previous year | -47.9% |
| 1992 | 2.5 % change on previous year | +61.2% |
| 1993 | 1.94 % change on previous year | -22.5% |
| 1994 | 2.69 % change on previous year | +39.0% |
| 1995 | 2.4 % change on previous year | -10.9% |
| 1996 | 3.19 % change on previous year | +33.2% |
| 1997 | 3.17 % change on previous year | -0.9% |
| 1998 | 3.1 % change on previous year | -1.9% |
| 1999 | 3.95 % change on previous year | +27.2% |
| 2000 | 4.11 % change on previous year | +4.2% |
| 2001 | 2.72 % change on previous year | -33.8% |
| 2002 | 2.77 % change on previous year | +1.7% |
| 2003 | 2.73 % change on previous year | -1.5% |
| 2004 | 3.5 % change on previous year | +28.4% |
| 2005 | 3.72 % change on previous year | +6.2% |
| 2006 | 3.55 % change on previous year | -4.5% |
| 2007 | 3.88 % change on previous year | +9.1% |
| 2008 | 2.13 % change on previous year | -45.1% |
| 2009 | 0.8633 % change on previous year | -59.4% |
| 2010 | 2.96 % change on previous year | +242.7% |
| 2011 | 2.74 % change on previous year | -7.3% |
| 2012 | 2.25 % change on previous year | -17.9% |
| 2013 | 2.39 % change on previous year | +6.1% |
| 2014 | 2.65 % change on previous year | +11.1% |
| 2015 | 2.96 % change on previous year | +11.4% |
| 2016 | 2.81 % change on previous year | -4.8% |
| 2017 | 3.02 % change on previous year | +7.3% |
| 2018 | 3.1 % change on previous year | +2.8% |
| 2019 | 2.66 % change on previous year | -14.1% |
| 2020 | -2.97 % change on previous year | -211.5% |
| 2021 | 6.47 % change on previous year | -317.9% |
| 2022 | 3.62 % change on previous year | -44.1% |
| 2023 | 3.27 % change on previous year | -9.5% |
| 2024 | 2.91 % change on previous year | -10.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 3.87 % change on previous year | 1.88 % change on previous year | 5.33 % change on previous year | 9 |
| 1980s | 2.87 % change on previous year | 1.65 % change on previous year | 3.94 % change on previous year | 10 |
| 1990s | 2.75 % change on previous year | 1.55 % change on previous year | 3.95 % change on previous year | 10 |
| 2000s | 3 % change on previous year | 0.8633 % change on previous year | 4.11 % change on previous year | 10 |
| 2010s | 2.76 % change on previous year | 2.25 % change on previous year | 3.1 % change on previous year | 10 |
| 2020s | 2.66 % change on previous year | -2.97 % change on previous year | 6.47 % change on previous year | 5 |
Countries ranked near World
- 27 Cameroon 6.02 % change on previous year compare
- 28 Côte d'Ivoire 6 % change on previous year compare
- 29 Panama 5.96 % change on previous year compare
- 30 Niger 5.94 % change on previous year compare
- 31 Maldives 5.8 % change on previous year compare
- 32 Mongolia 5.71 % change on previous year compare
- 33 Kazakhstan 5.7 % change on previous year 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)
- Households and NPISHs Final consumption expenditure (constant 2015) 3.02 % change on previous year (2024)
- Households and NPISHs Final consumption expenditure (constant 2015) 0.4958 constant 2015 US$ per US$ of GDP (2024)
- Households and NPISHs Final consumption expenditure (constant 2015) 6,800 constant 2015 US$ per person (2024)
- Final consumption expenditure (current US$), annual growth rate 4.66 % change on previous year (2024)
- Final consumption expenditure (current US$), per unit of GDP 0.7313 current US$ per US$ of GDP (2024)
- Final consumption expenditure (current US$), per capita 10,031 current US$ per person (2024)
- Final consumption expenditure (constant 2015 US$), per unit of GDP 0.6351 constant 2015 US$ per US$ of GDP (2024)
- Final consumption expenditure (constant 2015 US$), per capita 8,712 constant 2015 US$ per person (2024)
Frequently asked questions
- What is final consumption expenditure (constant 2015 us$), annual growth rate in World?
- Final consumption expenditure (constant 2015 us$), annual growth rate in World was 2.91 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest final consumption expenditure (constant 2015 us$), annual growth rate recorded in World?
- The highest recorded value was 6.47 % change on previous year in 2021.
- What is the lowest final consumption expenditure (constant 2015 us$), annual growth rate recorded in World?
- The lowest recorded value was -2.97 % change on previous year in 2020.
- How does World rank for final consumption expenditure (constant 2015 us$), annual growth rate?
- World ranks 30th out of 42 groups with data for 2024.
- Is final consumption expenditure (constant 2015 us$), annual growth rate 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 Statizoid (derived), published as part of Final consumption expenditure (constant 2015 US$), annual growth rate. Statizoid updates them automatically from the source API.
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How this figure is calculated
The year-on-year percentage change in Final consumption expenditure (constant 2015 US$). 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.