Final consumption expenditure (constant 2015 US$) in North America
North America: Final consumption expenditure (constant 2015 US$) was 20.19 trillion constant 2015 US$ in 2024. ▲ Rising
Latest (2024)
20.19 trillion constant 2015 US$
Change on year
up 3.0%
Rank
10th
of 42 groups
All-time high
20.19 trillion constant 2015 US$
in 2024
All-time low
4.80 trillion constant 2015 US$
in 1970
Years of data
55
1970–2024
Final consumption expenditure in North America, 1970–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant 2015 US$.
Analysis
North America recorded 20.19 trillion constant 2015 US$ for final consumption expenditure in 2024. That is the highest value across all 55 years on record.
That represents a change of up 3.0% on the previous year and up 28.9% over ten years.
Over the whole period, final consumption expenditure in North America peaked at 20.19 trillion constant 2015 US$ in 2024 and was at its lowest, 4.80 trillion constant 2015 US$, in 1970.
That places North America 10th out of 42 groups with data for 2024, putting it in the top quarter.
The long-run direction has been consistently rising across the 55 years of available data.
Final consumption expenditure (constant 2015 US$) in North America, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 1970 | 4.80 trillion constant 2015 US$ | — |
| 1971 | 4.95 trillion constant 2015 US$ | +3.1% |
| 1972 | 5.20 trillion constant 2015 US$ | +4.9% |
| 1973 | 5.39 trillion constant 2015 US$ | +3.8% |
| 1974 | 5.41 trillion constant 2015 US$ | +0.3% |
| 1975 | 5.54 trillion constant 2015 US$ | +2.5% |
| 1976 | 5.78 trillion constant 2015 US$ | +4.3% |
| 1977 | 5.99 trillion constant 2015 US$ | +3.7% |
| 1978 | 6.22 trillion constant 2015 US$ | +3.7% |
| 1979 | 6.34 trillion constant 2015 US$ | +2.0% |
| 1980 | 6.36 trillion constant 2015 US$ | +0.2% |
| 1981 | 6.45 trillion constant 2015 US$ | +1.4% |
| 1982 | 6.54 trillion constant 2015 US$ | +1.4% |
| 1983 | 6.85 trillion constant 2015 US$ | +4.9% |
| 1984 | 7.15 trillion constant 2015 US$ | +4.4% |
| 1985 | 7.52 trillion constant 2015 US$ | +5.1% |
| 1986 | 7.83 trillion constant 2015 US$ | +4.1% |
| 1987 | 8.07 trillion constant 2015 US$ | +3.1% |
| 1988 | 8.37 trillion constant 2015 US$ | +3.7% |
| 1989 | 8.62 trillion constant 2015 US$ | +3.0% |
| 1990 | 8.80 trillion constant 2015 US$ | +2.1% |
| 1991 | 8.84 trillion constant 2015 US$ | +0.4% |
| 1992 | 9.10 trillion constant 2015 US$ | +2.9% |
| 1993 | 9.34 trillion constant 2015 US$ | +2.7% |
| 1994 | 9.63 trillion constant 2015 US$ | +3.1% |
| 1995 | 9.86 trillion constant 2015 US$ | +2.4% |
| 1996 | 10.14 trillion constant 2015 US$ | +2.8% |
| 1997 | 10.48 trillion constant 2015 US$ | +3.4% |
| 1998 | 10.96 trillion constant 2015 US$ | +4.5% |
| 1999 | 11.49 trillion constant 2015 US$ | +4.8% |
| 2000 | 11.99 trillion constant 2015 US$ | +4.4% |
| 2001 | 12.31 trillion constant 2015 US$ | +2.7% |
| 2002 | 12.66 trillion constant 2015 US$ | +2.8% |
| 2003 | 13.02 trillion constant 2015 US$ | +2.9% |
| 2004 | 13.45 trillion constant 2015 US$ | +3.3% |
| 2005 | 13.86 trillion constant 2015 US$ | +3.0% |
| 2006 | 14.23 trillion constant 2015 US$ | +2.7% |
| 2007 | 14.57 trillion constant 2015 US$ | +2.4% |
| 2008 | 14.69 trillion constant 2015 US$ | +0.8% |
| 2009 | 14.66 trillion constant 2015 US$ | -0.2% |
| 2010 | 14.90 trillion constant 2015 US$ | +1.7% |
| 2011 | 15.03 trillion constant 2015 US$ | +0.9% |
| 2012 | 15.16 trillion constant 2015 US$ | +0.9% |
| 2013 | 15.33 trillion constant 2015 US$ | +1.1% |
| 2014 | 15.66 trillion constant 2015 US$ | +2.2% |
| 2015 | 16.13 trillion constant 2015 US$ | +3.0% |
| 2016 | 16.50 trillion constant 2015 US$ | +2.3% |
| 2017 | 16.87 trillion constant 2015 US$ | +2.2% |
| 2018 | 17.30 trillion constant 2015 US$ | +2.5% |
| 2019 | 17.71 trillion constant 2015 US$ | +2.4% |
| 2020 | 17.40 trillion constant 2015 US$ | -1.8% |
| 2021 | 18.64 trillion constant 2015 US$ | +7.2% |
| 2022 | 19.11 trillion constant 2015 US$ | +2.5% |
| 2023 | 19.61 trillion constant 2015 US$ | +2.6% |
| 2024 | 20.19 trillion constant 2015 US$ | +3.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 5.56 trillion constant 2015 US$ | 4.80 trillion constant 2015 US$ | 6.34 trillion constant 2015 US$ | 10 |
| 1980s | 7.37 trillion constant 2015 US$ | 6.36 trillion constant 2015 US$ | 8.62 trillion constant 2015 US$ | 10 |
| 1990s | 9.86 trillion constant 2015 US$ | 8.80 trillion constant 2015 US$ | 11.49 trillion constant 2015 US$ | 10 |
| 2000s | 13.54 trillion constant 2015 US$ | 11.99 trillion constant 2015 US$ | 14.69 trillion constant 2015 US$ | 10 |
| 2010s | 16.06 trillion constant 2015 US$ | 14.90 trillion constant 2015 US$ | 17.71 trillion constant 2015 US$ | 10 |
| 2020s | 18.99 trillion constant 2015 US$ | 17.40 trillion constant 2015 US$ | 20.19 trillion constant 2015 US$ | 5 |
Countries ranked near North America
- 7 France 2.14 trillion constant 2015 US$ compare
- 8 Brazil 1.73 trillion constant 2015 US$ compare
- 9 Italy 1.56 trillion constant 2015 US$ compare
- 10 Canada 1.55 trillion constant 2015 US$ compare
- 11 Australia 1.35 trillion constant 2015 US$ compare
- 12 South Korea 1.26 trillion constant 2015 US$ compare
- 13 Russia 1.25 trillion constant 2015 US$ compare
More economy & growth data for North America
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0142 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 1,224 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual 30.35 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 469.55 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 1,250 BoP, current US$ per person (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0145 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), gaps 479.40 billion BoP, current US$ (2025)
- Gross value added at basic prices (GVA) (current US$), per capita 65,820 current US$ per person (2021)
- Services, value added (current US$), annual growth rate 10.37 % change on previous year (2021)
- Services, value added (current US$), per unit of GDP 0.7546 current US$ per US$ of GDP (2021)
Frequently asked questions
- What is final consumption expenditure in North America?
- Final consumption expenditure in North America was 20.19 trillion constant 2015 US$ in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest final consumption expenditure recorded in North America?
- The highest recorded value was 20.19 trillion constant 2015 US$ in 2024.
- What is the lowest final consumption expenditure recorded in North America?
- The lowest recorded value was 4.80 trillion constant 2015 US$ in 1970.
- How does North America rank for final consumption expenditure?
- North America ranks 10th out of 42 groups with data for 2024.
- Is final consumption expenditure rising or falling in North America?
- Over the last ten years it is up 28.9%. The long-run trend across the full record is rising.
- Where does this North America 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.
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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 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.