Final consumption expenditure in World
World: Final consumption expenditure was 70.92 trillion constant 2015 US$ in 2024. ▲ Rising
Final consumption expenditure in World, 1970–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant 2015 US$.
Analysis
In 2024, final consumption expenditure in World stood at 70.92 trillion constant 2015 US$. That is the highest value across all 55 years on record.
The figure is up 2.9% on the previous year and up 31.3% over ten years.
Over the whole period, final consumption expenditure in World peaked at 70.92 trillion constant 2015 US$ in 2024 and was at its lowest, 14.45 trillion constant 2015 US$, in 1970.
World ranks 1st of 42 groups on this measure, in the top 10%.
The long-run direction has been consistently rising across the 55 years of available data.
Final consumption expenditure in World, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 1970 | 14.45 trillion constant 2015 US$ | — |
| 1971 | 15.09 trillion constant 2015 US$ | +4.4% |
| 1972 | 15.89 trillion constant 2015 US$ | +5.3% |
| 1973 | 16.69 trillion constant 2015 US$ | +5.0% |
| 1974 | 17.00 trillion constant 2015 US$ | +1.9% |
| 1975 | 17.54 trillion constant 2015 US$ | +3.2% |
| 1976 | 18.29 trillion constant 2015 US$ | +4.3% |
| 1977 | 18.89 trillion constant 2015 US$ | +3.3% |
| 1978 | 19.63 trillion constant 2015 US$ | +3.9% |
| 1979 | 20.33 trillion constant 2015 US$ | +3.6% |
| 1980 | 20.73 trillion constant 2015 US$ | +2.0% |
| 1981 | 21.07 trillion constant 2015 US$ | +1.7% |
| 1982 | 21.43 trillion constant 2015 US$ | +1.7% |
| 1983 | 22.06 trillion constant 2015 US$ | +2.9% |
| 1984 | 22.73 trillion constant 2015 US$ | +3.0% |
| 1985 | 23.52 trillion constant 2015 US$ | +3.5% |
| 1986 | 24.44 trillion constant 2015 US$ | +3.9% |
| 1987 | 25.26 trillion constant 2015 US$ | +3.3% |
| 1988 | 26.16 trillion constant 2015 US$ | +3.6% |
| 1989 | 26.98 trillion constant 2015 US$ | +3.1% |
| 1990 | 27.78 trillion constant 2015 US$ | +3.0% |
| 1991 | 28.21 trillion constant 2015 US$ | +1.6% |
| 1992 | 28.92 trillion constant 2015 US$ | +2.5% |
| 1993 | 29.48 trillion constant 2015 US$ | +1.9% |
| 1994 | 30.27 trillion constant 2015 US$ | +2.7% |
| 1995 | 31.00 trillion constant 2015 US$ | +2.4% |
| 1996 | 31.99 trillion constant 2015 US$ | +3.2% |
| 1997 | 33.00 trillion constant 2015 US$ | +3.2% |
| 1998 | 34.03 trillion constant 2015 US$ | +3.1% |
| 1999 | 35.37 trillion constant 2015 US$ | +3.9% |
| 2000 | 36.83 trillion constant 2015 US$ | +4.1% |
| 2001 | 37.83 trillion constant 2015 US$ | +2.7% |
| 2002 | 38.88 trillion constant 2015 US$ | +2.8% |
| 2003 | 39.94 trillion constant 2015 US$ | +2.7% |
| 2004 | 41.34 trillion constant 2015 US$ | +3.5% |
| 2005 | 42.87 trillion constant 2015 US$ | +3.7% |
| 2006 | 44.40 trillion constant 2015 US$ | +3.6% |
| 2007 | 46.12 trillion constant 2015 US$ | +3.9% |
| 2008 | 47.10 trillion constant 2015 US$ | +2.1% |
| 2009 | 47.50 trillion constant 2015 US$ | +0.9% |
| 2010 | 48.91 trillion constant 2015 US$ | +3.0% |
| 2011 | 50.25 trillion constant 2015 US$ | +2.7% |
| 2012 | 51.38 trillion constant 2015 US$ | +2.3% |
| 2013 | 52.61 trillion constant 2015 US$ | +2.4% |
| 2014 | 54.01 trillion constant 2015 US$ | +2.7% |
| 2015 | 55.60 trillion constant 2015 US$ | +3.0% |
| 2016 | 57.17 trillion constant 2015 US$ | +2.8% |
| 2017 | 58.89 trillion constant 2015 US$ | +3.0% |
| 2018 | 60.72 trillion constant 2015 US$ | +3.1% |
| 2019 | 62.34 trillion constant 2015 US$ | +2.7% |
| 2020 | 60.49 trillion constant 2015 US$ | -3.0% |
| 2021 | 64.40 trillion constant 2015 US$ | +6.5% |
| 2022 | 66.73 trillion constant 2015 US$ | +3.6% |
| 2023 | 68.91 trillion constant 2015 US$ | +3.3% |
| 2024 | 70.92 trillion constant 2015 US$ | +2.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 17.38 trillion constant 2015 US$ | 14.45 trillion constant 2015 US$ | 20.33 trillion constant 2015 US$ | 10 |
| 1980s | 23.44 trillion constant 2015 US$ | 20.73 trillion constant 2015 US$ | 26.98 trillion constant 2015 US$ | 10 |
| 1990s | 31.01 trillion constant 2015 US$ | 27.78 trillion constant 2015 US$ | 35.37 trillion constant 2015 US$ | 10 |
| 2000s | 42.28 trillion constant 2015 US$ | 36.83 trillion constant 2015 US$ | 47.50 trillion constant 2015 US$ | 10 |
| 2010s | 55.19 trillion constant 2015 US$ | 48.91 trillion constant 2015 US$ | 62.34 trillion constant 2015 US$ | 10 |
| 2020s | 66.29 trillion constant 2015 US$ | 60.49 trillion constant 2015 US$ | 70.92 trillion constant 2015 US$ | 5 |
Countries ranked near World
More economy & growth data for World
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.23 Percent per annum (2028)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.11 Percent per annum (2028)
- Foreign direct investment, net outflows (BoP, current US$), gaps 1.49 trillion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0126 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 180.85 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 1.35 trillion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -14.25 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0114 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 163.93 BoP, current US$ per person (2025)
- General government final consumption expenditure (current US$) 4.45 % change on previous year (2024)
Frequently asked questions
- What is final consumption expenditure in World?
- Final consumption expenditure in World was 70.92 trillion constant 2015 US$ in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest final consumption expenditure recorded in World?
- The highest recorded value was 70.92 trillion constant 2015 US$ in 2024.
- What is the lowest final consumption expenditure recorded in World?
- The lowest recorded value was 14.45 trillion constant 2015 US$ in 1970.
- How does World rank for final consumption expenditure?
- World ranks 1st out of 42 groups with data for 2024.
- Is final consumption expenditure rising or falling in World?
- Over the last ten years it is up 31.3%. The long-run trend across the full record is rising.
- Where does this World 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.