Final consumption expenditure in North America
North America: Final consumption expenditure was 20.19 trillion constant 2015 US$ in 2024. β² Rising
Final consumption expenditure in North America, 1970β2024
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$, in 1970.
That places North America 10th out of 41 groups with data for 2024, putting it in the top quarter.
The long-run direction has been consistently rising across the 55 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 5.56 trillion constant 2015 US$ | 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 Korea 1.26 trillion constant 2015 US$ compare
- 13 Russian Federation 1.25 trillion constant 2015 US$ compare
More economy & growth data for North America
- Households and NPISHs Final consumption expenditure 21.16 trillion current US$ (2024)
- Final consumption expenditure 25.64 trillion current US$ (2024)
- Households and NPISHs final consumption expenditure 67.0% (2024)
- Imports of goods and services 5.0% (2024)
- Imports of goods and services 15.4% (2024)
- Households and NPISHs Final consumption expenditure per capita growth 1.7% (2024)
- Households and NPISHs Final consumption expenditure per capita 43,939 constant 2015 US$ (2024)
- Households and NPISHs Final consumption expenditure 2.9% (2024)
- Households and NPISHs Final consumption expenditure 16.76 trillion constant 2015 US$ (2024)
- Manufacturing, value added 2.69 trillion current US$ (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 41 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.
Download this data
CSV Β· JSON β 55 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.