Final consumption expenditure in United States
United States: Final consumption expenditure was 20.19 trillion constant LCU in 2024. ▲ Rising
Final consumption expenditure in United States, 1970–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant LCU.
Analysis
The most recent figure for final consumption expenditure in United States is 20.19 trillion constant LCU, measured in 2024. That is the highest value across all 55 years on record.
Compared with earlier readings it 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 20.19 trillion constant LCU in 2024 and was at its lowest, 4.81 trillion constant LCU, in 1970.
That places United States 30th out of 176 countries 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 | 5.53 trillion constant LCU | 4.81 trillion constant LCU | 6.29 trillion constant LCU | 10 |
| 1980s | 7.34 trillion constant LCU | 6.29 trillion constant LCU | 8.59 trillion constant LCU | 10 |
| 1990s | 9.88 trillion constant LCU | 8.78 trillion constant LCU | 11.55 trillion constant LCU | 10 |
| 2000s | 13.60 trillion constant LCU | 12.06 trillion constant LCU | 14.71 trillion constant LCU | 10 |
| 2010s | 16.03 trillion constant LCU | 14.90 trillion constant LCU | 17.69 trillion constant LCU | 10 |
| 2020s | 19.00 trillion constant LCU | 17.41 trillion constant LCU | 20.19 trillion constant LCU | 5 |
Countries ranked near United States
More economy & growth data for United States
- External balance on goods and services as a percent of GDP -3.1% (2024)
- Inflation of consumer prices 2.9% (2024)
- GDP per capita 67,946 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 10.5% (2021)
- Gross domestic product (GDP) 23.22 trillion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 67,946 constant 2015 US$ (2025)
- DEC alternative conversion factor 1 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) -273.12 billion current LCU (2024)
- Net secondary income (Net current transfers from abroad) -273.12 billion current US$ (2024)
- Taxes less subsidies on products 829.22 billion current LCU (2021)
Frequently asked questions
- What is final consumption expenditure in United States?
- Final consumption expenditure in United States was 20.19 trillion constant LCU 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 20.19 trillion constant LCU in 2024.
- What is the lowest final consumption expenditure recorded in United States?
- The lowest recorded value was 4.81 trillion constant LCU in 1970.
- How does United States rank for final consumption expenditure?
- United States ranks 30th out of 176 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 LCU). Statizoid updates them automatically from the source API.
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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 varies by country. This series is expressed in local currency units.