Final consumption expenditure in OECD members
OECD members: Final consumption expenditure was 44.42 trillion constant 2015 US$ in 2024. ▲ Rising
Latest (2024)
44.42 trillion constant 2015 US$
Change on year
up 2.2%
Rank
3rd
of 42 groups
All-time high
44.42 trillion constant 2015 US$
in 2024
All-time low
11.56 trillion constant 2015 US$
in 1970
Years of data
55
1970–2024
Final consumption expenditure in OECD members, 1970–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant 2015 US$.
Analysis
OECD members recorded 44.42 trillion constant 2015 US$ for final consumption expenditure in 2024. That is the highest value across all 55 years on record.
That represents a change of up 2.2% on the previous year and up 22.6% over ten years.
Over the whole period, final consumption expenditure in OECD members peaked at 44.42 trillion constant 2015 US$ in 2024 and was at its lowest, 11.56 trillion constant 2015 US$, in 1970.
That places OECD members 3rd out of 42 groups with data for 2024, putting it in the top 10%.
The long-run direction has been consistently rising across the 55 years of available data.
Final consumption expenditure in OECD members, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 1970 | 11.56 trillion constant 2015 US$ | — |
| 1971 | 12.04 trillion constant 2015 US$ | +4.2% |
| 1972 | 12.68 trillion constant 2015 US$ | +5.3% |
| 1973 | 13.30 trillion constant 2015 US$ | +4.9% |
| 1974 | 13.47 trillion constant 2015 US$ | +1.2% |
| 1975 | 13.87 trillion constant 2015 US$ | +2.9% |
| 1976 | 14.41 trillion constant 2015 US$ | +3.9% |
| 1977 | 14.87 trillion constant 2015 US$ | +3.2% |
| 1978 | 15.45 trillion constant 2015 US$ | +3.9% |
| 1979 | 15.96 trillion constant 2015 US$ | +3.4% |
| 1980 | 16.20 trillion constant 2015 US$ | +1.5% |
| 1981 | 16.48 trillion constant 2015 US$ | +1.7% |
| 1982 | 16.73 trillion constant 2015 US$ | +1.5% |
| 1983 | 17.24 trillion constant 2015 US$ | +3.0% |
| 1984 | 17.75 trillion constant 2015 US$ | +3.0% |
| 1985 | 18.41 trillion constant 2015 US$ | +3.7% |
| 1986 | 19.10 trillion constant 2015 US$ | +3.8% |
| 1987 | 19.74 trillion constant 2015 US$ | +3.4% |
| 1988 | 20.48 trillion constant 2015 US$ | +3.7% |
| 1989 | 21.14 trillion constant 2015 US$ | +3.2% |
| 1990 | 21.77 trillion constant 2015 US$ | +3.0% |
| 1991 | 22.11 trillion constant 2015 US$ | +1.6% |
| 1992 | 22.68 trillion constant 2015 US$ | +2.6% |
| 1993 | 23.09 trillion constant 2015 US$ | +1.8% |
| 1994 | 23.69 trillion constant 2015 US$ | +2.6% |
| 1995 | 24.20 trillion constant 2015 US$ | +2.2% |
| 1996 | 24.87 trillion constant 2015 US$ | +2.8% |
| 1997 | 25.58 trillion constant 2015 US$ | +2.9% |
| 1998 | 26.38 trillion constant 2015 US$ | +3.1% |
| 1999 | 27.42 trillion constant 2015 US$ | +3.9% |
| 2000 | 28.47 trillion constant 2015 US$ | +3.8% |
| 2001 | 29.15 trillion constant 2015 US$ | +2.4% |
| 2002 | 29.84 trillion constant 2015 US$ | +2.4% |
| 2003 | 30.53 trillion constant 2015 US$ | +2.3% |
| 2004 | 31.35 trillion constant 2015 US$ | +2.7% |
| 2005 | 32.17 trillion constant 2015 US$ | +2.6% |
| 2006 | 32.96 trillion constant 2015 US$ | +2.4% |
| 2007 | 33.74 trillion constant 2015 US$ | +2.4% |
| 2008 | 34.01 trillion constant 2015 US$ | +0.8% |
| 2009 | 33.93 trillion constant 2015 US$ | -0.2% |
| 2010 | 34.57 trillion constant 2015 US$ | +1.9% |
| 2011 | 34.90 trillion constant 2015 US$ | +1.0% |
| 2012 | 35.21 trillion constant 2015 US$ | +0.9% |
| 2013 | 35.62 trillion constant 2015 US$ | +1.2% |
| 2014 | 36.23 trillion constant 2015 US$ | +1.7% |
| 2015 | 37.12 trillion constant 2015 US$ | +2.5% |
| 2016 | 37.93 trillion constant 2015 US$ | +2.2% |
| 2017 | 38.72 trillion constant 2015 US$ | +2.1% |
| 2018 | 39.51 trillion constant 2015 US$ | +2.0% |
| 2019 | 40.25 trillion constant 2015 US$ | +1.9% |
| 2020 | 38.86 trillion constant 2015 US$ | -3.4% |
| 2021 | 41.24 trillion constant 2015 US$ | +6.1% |
| 2022 | 42.68 trillion constant 2015 US$ | +3.5% |
| 2023 | 43.48 trillion constant 2015 US$ | +1.9% |
| 2024 | 44.42 trillion constant 2015 US$ | +2.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 13.76 trillion constant 2015 US$ | 11.56 trillion constant 2015 US$ | 15.96 trillion constant 2015 US$ | 10 |
| 1980s | 18.33 trillion constant 2015 US$ | 16.20 trillion constant 2015 US$ | 21.14 trillion constant 2015 US$ | 10 |
| 1990s | 24.18 trillion constant 2015 US$ | 21.77 trillion constant 2015 US$ | 27.42 trillion constant 2015 US$ | 10 |
| 2000s | 31.62 trillion constant 2015 US$ | 28.47 trillion constant 2015 US$ | 34.01 trillion constant 2015 US$ | 10 |
| 2010s | 37.01 trillion constant 2015 US$ | 34.57 trillion constant 2015 US$ | 40.25 trillion constant 2015 US$ | 10 |
| 2020s | 42.14 trillion constant 2015 US$ | 38.86 trillion constant 2015 US$ | 44.42 trillion constant 2015 US$ | 5 |
Countries ranked near OECD members
- 1 United States 18.68 trillion constant 2015 US$ compare
- 2 China 10.72 trillion constant 2015 US$ compare
- 3 Japan 3.45 trillion constant 2015 US$ compare
- 4 Germany 2.85 trillion constant 2015 US$ compare
- 5 United Kingdom 2.75 trillion constant 2015 US$ compare
- 6 India 2.54 trillion constant 2015 US$ compare
More economy & growth data for OECD members
- Foreign direct investment, net outflows (BoP, current US$), per capita 779.17 BoP, current US$ per person (2025)
- General government final consumption expenditure (constant 2015 US$) 0.1456 constant 2015 US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0151 BoP, current US$ per US$ of GDP (2025)
- General government final consumption expenditure (constant 2015 US$) 2.7 % change on previous year (2024)
- General government final consumption expenditure (current US$), per 8,471 current US$ per person (2024)
- General government final consumption expenditure (current US$), per 0.1733 current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0107 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual 2.6 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 777.22 billion BoP, current US$ (2025)
- General government final consumption expenditure (constant 2015 US$) 7,116 constant 2015 US$ per person (2024)
Frequently asked questions
- What is final consumption expenditure in OECD members?
- Final consumption expenditure in OECD members was 44.42 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 OECD members?
- The highest recorded value was 44.42 trillion constant 2015 US$ in 2024.
- What is the lowest final consumption expenditure recorded in OECD members?
- The lowest recorded value was 11.56 trillion constant 2015 US$ in 1970.
- How does OECD members rank for final consumption expenditure?
- OECD members ranks 3rd out of 42 groups with data for 2024.
- Is final consumption expenditure rising or falling in OECD members?
- Over the last ten years it is up 22.6%. The long-run trend across the full record is rising.
- Where does this OECD members 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.