Final consumption expenditure in Latin America & Caribbean
Latin America & Caribbean: Final consumption expenditure was 5.05 trillion constant 2015 US$ in 2025. ◆ Volatile
Latest (2025)
5.05 trillion constant 2015 US$
Change on year
up 2.4%
Rank
18th
of 40 groups
All-time high
5.05 trillion constant 2015 US$
in 2025
All-time low
532.16 billion constant 2015 US$
in 1960
Years of data
66
1960–2025
Final consumption expenditure in Latin America & Caribbean, 1960–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant 2015 US$.
Analysis
In 2025, final consumption expenditure in Latin America & Caribbean stood at 5.05 trillion constant 2015 US$. That is the highest value across all 66 years on record.
That represents a change of up 2.4% on the previous year and up 17.4% over ten years.
Over the whole period, final consumption expenditure in Latin America & Caribbean peaked at 5.05 trillion constant 2015 US$ in 2025 and was at its lowest, 532.16 billion constant 2015 US$, in 1960.
That places Latin America & Caribbean 18th out of 40 groups with data for 2025, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Final consumption expenditure in Latin America & Caribbean, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 1960 | 532.16 billion constant 2015 US$ | — |
| 1961 | 570.55 billion constant 2015 US$ | +7.2% |
| 1962 | 592.56 billion constant 2015 US$ | +3.9% |
| 1963 | 607.39 billion constant 2015 US$ | +2.5% |
| 1964 | 646.91 billion constant 2015 US$ | +6.5% |
| 1965 | 713.27 billion constant 2015 US$ | +10.3% |
| 1966 | 743.27 billion constant 2015 US$ | +4.2% |
| 1967 | 786.30 billion constant 2015 US$ | +5.8% |
| 1968 | 837.79 billion constant 2015 US$ | +6.5% |
| 1969 | 871.38 billion constant 2015 US$ | +4.0% |
| 1970 | 969.39 billion constant 2015 US$ | +11.2% |
| 1971 | 1.04 trillion constant 2015 US$ | +7.6% |
| 1972 | 1.12 trillion constant 2015 US$ | +6.9% |
| 1973 | 1.20 trillion constant 2015 US$ | +7.7% |
| 1974 | 1.27 trillion constant 2015 US$ | +6.0% |
| 1975 | 1.31 trillion constant 2015 US$ | +2.8% |
| 1976 | 1.40 trillion constant 2015 US$ | +7.2% |
| 1977 | 1.44 trillion constant 2015 US$ | +2.8% |
| 1978 | 1.50 trillion constant 2015 US$ | +4.2% |
| 1979 | 1.62 trillion constant 2015 US$ | +7.8% |
| 1980 | 1.72 trillion constant 2015 US$ | +6.2% |
| 1981 | 1.73 trillion constant 2015 US$ | +0.5% |
| 1982 | 1.74 trillion constant 2015 US$ | +0.3% |
| 1983 | 1.70 trillion constant 2015 US$ | -1.8% |
| 1984 | 1.76 trillion constant 2015 US$ | +3.2% |
| 1985 | 1.78 trillion constant 2015 US$ | +1.2% |
| 1986 | 1.89 trillion constant 2015 US$ | +6.1% |
| 1987 | 1.93 trillion constant 2015 US$ | +2.1% |
| 1988 | 1.92 trillion constant 2015 US$ | -0.2% |
| 1989 | 1.96 trillion constant 2015 US$ | +2.1% |
| 1990 | 1.99 trillion constant 2015 US$ | +1.2% |
| 1991 | 2.06 trillion constant 2015 US$ | +3.4% |
| 1992 | 2.13 trillion constant 2015 US$ | +3.4% |
| 1993 | 2.19 trillion constant 2015 US$ | +3.0% |
| 1994 | 2.31 trillion constant 2015 US$ | +5.2% |
| 1995 | 2.35 trillion constant 2015 US$ | +1.7% |
| 1996 | 2.43 trillion constant 2015 US$ | +3.4% |
| 1997 | 2.55 trillion constant 2015 US$ | +5.2% |
| 1998 | 2.62 trillion constant 2015 US$ | +2.7% |
| 1999 | 2.65 trillion constant 2015 US$ | +1.1% |
| 2000 | 2.75 trillion constant 2015 US$ | +3.8% |
| 2001 | 2.77 trillion constant 2015 US$ | +0.7% |
| 2002 | 2.78 trillion constant 2015 US$ | +0.2% |
| 2003 | 2.83 trillion constant 2015 US$ | +1.8% |
| 2004 | 2.94 trillion constant 2015 US$ | +4.0% |
| 2005 | 3.07 trillion constant 2015 US$ | +4.3% |
| 2006 | 3.24 trillion constant 2015 US$ | +5.7% |
| 2007 | 3.40 trillion constant 2015 US$ | +5.1% |
| 2008 | 3.55 trillion constant 2015 US$ | +4.1% |
| 2009 | 3.55 trillion constant 2015 US$ | +0.0% |
| 2010 | 3.75 trillion constant 2015 US$ | +5.8% |
| 2011 | 3.94 trillion constant 2015 US$ | +5.0% |
| 2012 | 4.06 trillion constant 2015 US$ | +3.2% |
| 2013 | 4.20 trillion constant 2015 US$ | +3.4% |
| 2014 | 4.27 trillion constant 2015 US$ | +1.7% |
| 2015 | 4.30 trillion constant 2015 US$ | +0.8% |
| 2016 | 4.29 trillion constant 2015 US$ | -0.3% |
| 2017 | 4.38 trillion constant 2015 US$ | +2.0% |
| 2018 | 4.45 trillion constant 2015 US$ | +1.6% |
| 2019 | 4.47 trillion constant 2015 US$ | +0.5% |
| 2020 | 4.18 trillion constant 2015 US$ | -6.6% |
| 2021 | 4.48 trillion constant 2015 US$ | +7.3% |
| 2022 | 4.69 trillion constant 2015 US$ | +4.7% |
| 2023 | 4.81 trillion constant 2015 US$ | +2.5% |
| 2024 | 4.93 trillion constant 2015 US$ | +2.5% |
| 2025 | 5.05 trillion constant 2015 US$ | +2.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 690.16 billion constant 2015 US$ | 532.16 billion constant 2015 US$ | 871.38 billion constant 2015 US$ | 10 |
| 1970s | 1.29 trillion constant 2015 US$ | 969.39 billion constant 2015 US$ | 1.62 trillion constant 2015 US$ | 10 |
| 1980s | 1.81 trillion constant 2015 US$ | 1.70 trillion constant 2015 US$ | 1.96 trillion constant 2015 US$ | 10 |
| 1990s | 2.33 trillion constant 2015 US$ | 1.99 trillion constant 2015 US$ | 2.65 trillion constant 2015 US$ | 10 |
| 2000s | 3.09 trillion constant 2015 US$ | 2.75 trillion constant 2015 US$ | 3.55 trillion constant 2015 US$ | 10 |
| 2010s | 4.21 trillion constant 2015 US$ | 3.75 trillion constant 2015 US$ | 4.47 trillion constant 2015 US$ | 10 |
| 2020s | 4.69 trillion constant 2015 US$ | 4.18 trillion constant 2015 US$ | 5.05 trillion constant 2015 US$ | 6 |
Countries ranked near Latin America & Caribbean
- 15 Spain 1.12 trillion constant 2015 US$ compare
- 16 Turkey 1.11 trillion constant 2015 US$ compare
- 17 Indonesia 835.18 billion constant 2015 US$ compare
- 18 Saudi Arabia 654.59 billion constant 2015 US$ compare
- 19 Netherlands 650.39 billion constant 2015 US$ compare
- 20 Argentina 522.52 billion constant 2015 US$ compare
- 21 Poland 521.35 billion constant 2015 US$ compare
More economy & growth data for Latin America & Caribbean
- Industry (including construction), value added 1.2% (2025)
- Agriculture, forestry, and fishing, value added 363.36 billion constant 2015 US$ (2025)
- Agriculture, forestry, and fishing, value added 7.1% (2025)
- Manufacturing, value added 1.26 trillion current US$ (2025)
- Trade in services 8.7% (2025)
- Manufacturing, value added 17.1% (2025)
- Industry (including construction), value added 2.24 trillion current US$ (2025)
- Industry (including construction), value added 1.67 trillion constant 2015 US$ (2025)
- Services, value added 68.2% (2025)
- Services, value added 2.4% (2025)
Frequently asked questions
- What is final consumption expenditure in Latin America & Caribbean?
- Final consumption expenditure in Latin America & Caribbean was 5.05 trillion constant 2015 US$ in 2025, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest final consumption expenditure recorded in Latin America & Caribbean?
- The highest recorded value was 5.05 trillion constant 2015 US$ in 2025.
- What is the lowest final consumption expenditure recorded in Latin America & Caribbean?
- The lowest recorded value was 532.16 billion constant 2015 US$ in 1960.
- How does Latin America & Caribbean rank for final consumption expenditure?
- Latin America & Caribbean ranks 18th out of 40 groups with data for 2025.
- Is final consumption expenditure rising or falling in Latin America & Caribbean?
- Over the last ten years it is up 17.4%. The long-run trend across the full record is volatile.
- Where does this Latin America & Caribbean data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Final consumption expenditure (constant 2015 US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 66 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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 is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.