Final consumption expenditure (constant 2015 US$) in OECD members
OECD members: Final consumption expenditure (constant 2015 US$) was 44.42 trillion constant 2015 US$ in 2024. ▲ Rising
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$, in 1970.
That places OECD members 3rd out of 42 groups with data for 2024, putting it in the top 10%.
The long-run direction has been consistently rising across the 55 years of available data.
Final consumption expenditure (constant 2015 US$) 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
- GDP (constant 2015 US$), per unit of GDP 0.7976 constant 2015 US$ per US$ of GDP (2025)
- Gross national expenditure (constant 2015 US$), annual growth rate 1.84 % change on previous year (2024)
- GDP (current US$), per capita 51,734 current US$ per person (2025)
- GDP (constant 2015 US$), annual growth rate 1.77 % change on previous year (2025)
- Gross national expenditure (current US$), per capita 48,824 current US$ per person (2024)
- Gross domestic savings (current US$), annual growth rate 3.16 % change on previous year (2024)
- Gross domestic savings (current US$), per unit of GDP 0.2258 current US$ per US$ of GDP (2024)
- Gross national expenditure (current US$), per unit of GDP 0.9988 current US$ per US$ of GDP (2024)
- GDP (current US$), annual growth rate 6.24 % change on previous year (2025)
- GDP (constant 2015 US$), per capita 41,261 constant 2015 US$ per person (2025)
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.