Final consumption expenditure in United States
United States: Final consumption expenditure was 18.68 trillion constant 2015 US$ in 2024. ▲ Rising
Latest (2024)
18.68 trillion constant 2015 US$
Change on year
up 3.0%
World rank
1st
of 172 countries
All-time high
18.68 trillion constant 2015 US$
in 2024
All-time low
4.45 trillion constant 2015 US$
in 1970
Years of data
55
1970–2024
Final consumption expenditure in United States, 1970–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant 2015 US$.
Analysis
United States recorded 18.68 trillion constant 2015 US$ for final consumption expenditure in 2024. That is the highest value across all 55 years on record.
The figure is up 3.0% on the previous year and up 29.2% over ten years.
Over the whole period, final consumption expenditure in United States peaked at 18.68 trillion constant 2015 US$ in 2024 and was at its lowest, 4.45 trillion constant 2015 US$, in 1970.
That places United States 1st out of 172 countries with data for 2024, putting it in the top 10%.
The long-run direction has been consistently rising across the 55 years of available data.
Final consumption expenditure in United States, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 1970 | 4.45 trillion constant 2015 US$ | — |
| 1971 | 4.58 trillion constant 2015 US$ | +2.9% |
| 1972 | 4.80 trillion constant 2015 US$ | +4.8% |
| 1973 | 4.97 trillion constant 2015 US$ | +3.6% |
| 1974 | 4.96 trillion constant 2015 US$ | -0.2% |
| 1975 | 5.08 trillion constant 2015 US$ | +2.3% |
| 1976 | 5.30 trillion constant 2015 US$ | +4.3% |
| 1977 | 5.49 trillion constant 2015 US$ | +3.7% |
| 1978 | 5.70 trillion constant 2015 US$ | +3.8% |
| 1979 | 5.82 trillion constant 2015 US$ | +2.0% |
| 1980 | 5.82 trillion constant 2015 US$ | +0.1% |
| 1981 | 5.90 trillion constant 2015 US$ | +1.4% |
| 1982 | 6.00 trillion constant 2015 US$ | +1.6% |
| 1983 | 6.31 trillion constant 2015 US$ | +5.1% |
| 1984 | 6.59 trillion constant 2015 US$ | +4.5% |
| 1985 | 6.93 trillion constant 2015 US$ | +5.1% |
| 1986 | 7.22 trillion constant 2015 US$ | +4.2% |
| 1987 | 7.44 trillion constant 2015 US$ | +3.1% |
| 1988 | 7.72 trillion constant 2015 US$ | +3.7% |
| 1989 | 7.95 trillion constant 2015 US$ | +2.9% |
| 1990 | 8.12 trillion constant 2015 US$ | +2.2% |
| 1991 | 8.16 trillion constant 2015 US$ | +0.5% |
| 1992 | 8.41 trillion constant 2015 US$ | +3.1% |
| 1993 | 8.64 trillion constant 2015 US$ | +2.8% |
| 1994 | 8.92 trillion constant 2015 US$ | +3.2% |
| 1995 | 9.14 trillion constant 2015 US$ | +2.4% |
| 1996 | 9.40 trillion constant 2015 US$ | +2.9% |
| 1997 | 9.73 trillion constant 2015 US$ | +3.4% |
| 1998 | 10.18 trillion constant 2015 US$ | +4.7% |
| 1999 | 10.68 trillion constant 2015 US$ | +4.9% |
| 2000 | 11.15 trillion constant 2015 US$ | +4.4% |
| 2001 | 11.45 trillion constant 2015 US$ | +2.7% |
| 2002 | 11.77 trillion constant 2015 US$ | +2.8% |
| 2003 | 12.11 trillion constant 2015 US$ | +2.9% |
| 2004 | 12.52 trillion constant 2015 US$ | +3.4% |
| 2005 | 12.90 trillion constant 2015 US$ | +3.0% |
| 2006 | 13.23 trillion constant 2015 US$ | +2.6% |
| 2007 | 13.53 trillion constant 2015 US$ | +2.3% |
| 2008 | 13.61 trillion constant 2015 US$ | +0.6% |
| 2009 | 13.57 trillion constant 2015 US$ | -0.3% |
| 2010 | 13.78 trillion constant 2015 US$ | +1.5% |
| 2011 | 13.89 trillion constant 2015 US$ | +0.8% |
| 2012 | 14.00 trillion constant 2015 US$ | +0.8% |
| 2013 | 14.15 trillion constant 2015 US$ | +1.1% |
| 2014 | 14.46 trillion constant 2015 US$ | +2.2% |
| 2015 | 14.90 trillion constant 2015 US$ | +3.1% |
| 2016 | 15.25 trillion constant 2015 US$ | +2.3% |
| 2017 | 15.58 trillion constant 2015 US$ | +2.2% |
| 2018 | 15.97 trillion constant 2015 US$ | +2.5% |
| 2019 | 16.36 trillion constant 2015 US$ | +2.5% |
| 2020 | 16.11 trillion constant 2015 US$ | -1.6% |
| 2021 | 17.28 trillion constant 2015 US$ | +7.3% |
| 2022 | 17.67 trillion constant 2015 US$ | +2.3% |
| 2023 | 18.13 trillion constant 2015 US$ | +2.6% |
| 2024 | 18.68 trillion constant 2015 US$ | +3.0% |
United States compared with similar countries
- United States's 18.68 trillion constant 2015 US$ is above the median for high income countries, which is 177.97 billion constant 2015 US$, 104.9× the median. (61 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 5.11 trillion constant 2015 US$ | 4.45 trillion constant 2015 US$ | 5.82 trillion constant 2015 US$ | 10 |
| 1980s | 6.79 trillion constant 2015 US$ | 5.82 trillion constant 2015 US$ | 7.95 trillion constant 2015 US$ | 10 |
| 1990s | 9.14 trillion constant 2015 US$ | 8.12 trillion constant 2015 US$ | 10.68 trillion constant 2015 US$ | 10 |
| 2000s | 12.58 trillion constant 2015 US$ | 11.15 trillion constant 2015 US$ | 13.61 trillion constant 2015 US$ | 10 |
| 2010s | 14.83 trillion constant 2015 US$ | 13.78 trillion constant 2015 US$ | 16.36 trillion constant 2015 US$ | 10 |
| 2020s | 17.57 trillion constant 2015 US$ | 16.11 trillion constant 2015 US$ | 18.68 trillion constant 2015 US$ | 5 |
Countries ranked near United States
More economy & growth data for United States
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.63 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.12 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 422.23 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0137 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 1,235 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 400.52 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual 34.83 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.013 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 1,172 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 52.24 % change on previous year (2025)
Frequently asked questions
- What is final consumption expenditure in United States?
- Final consumption expenditure in United States was 18.68 trillion constant 2015 US$ in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest final consumption expenditure recorded in United States?
- The highest recorded value was 18.68 trillion constant 2015 US$ in 2024.
- What is the lowest final consumption expenditure recorded in United States?
- The lowest recorded value was 4.45 trillion constant 2015 US$ in 1970.
- How does United States rank for final consumption expenditure?
- United States ranks 1st out of 172 countries with data for 2024.
- Is final consumption expenditure rising or falling in United States?
- Over the last ten years it is up 29.2%. The long-run trend across the full record is rising.
- Where does this United States 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 — 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.