Final consumption expenditure (current LCU) in United States
United States: Final consumption expenditure (current LCU) was 23.89 trillion current LCU in 2024. ◆ Volatile
Final consumption expenditure in United States, 1970–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
In 2024, final consumption expenditure in United States stood at 23.89 trillion current LCU. That is the highest value across all 55 years on record.
Compared with earlier readings it is up 5.7% on the previous year and up 65.5% over ten years.
Over the whole period, final consumption expenditure in United States peaked at 23.89 trillion current LCU in 2024 and was at its lowest, 839.51 billion current LCU, in 1970.
That places United States 40th out of 188 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Final consumption expenditure (current LCU) in United States, year by year
| Year | current LCU | Change |
|---|---|---|
| 1970 | 839.51 billion current LCU | — |
| 1971 | 908.90 billion current LCU | +8.3% |
| 1972 | 993.65 billion current LCU | +9.3% |
| 1973 | 1.09 trillion current LCU | +9.6% |
| 1974 | 1.20 trillion current LCU | +9.8% |
| 1975 | 1.33 trillion current LCU | +11.0% |
| 1976 | 1.46 trillion current LCU | +10.2% |
| 1977 | 1.62 trillion current LCU | +10.5% |
| 1978 | 1.79 trillion current LCU | +11.0% |
| 1979 | 1.99 trillion current LCU | +11.0% |
| 1980 | 2.20 trillion current LCU | +10.8% |
| 1981 | 2.44 trillion current LCU | +10.7% |
| 1982 | 2.63 trillion current LCU | +7.6% |
| 1983 | 2.88 trillion current LCU | +9.6% |
| 1984 | 3.13 trillion current LCU | +8.7% |
| 1985 | 3.40 trillion current LCU | +8.8% |
| 1986 | 3.62 trillion current LCU | +6.5% |
| 1987 | 3.85 trillion current LCU | +6.3% |
| 1988 | 4.15 trillion current LCU | +7.7% |
| 1989 | 4.46 trillion current LCU | +7.4% |
| 1990 | 4.76 trillion current LCU | +6.7% |
| 1991 | 4.95 trillion current LCU | +4.0% |
| 1992 | 5.25 trillion current LCU | +6.0% |
| 1993 | 5.53 trillion current LCU | +5.3% |
| 1994 | 5.83 trillion current LCU | +5.5% |
| 1995 | 6.10 trillion current LCU | +4.7% |
| 1996 | 6.42 trillion current LCU | +5.1% |
| 1997 | 6.76 trillion current LCU | +5.3% |
| 1998 | 7.14 trillion current LCU | +5.7% |
| 1999 | 7.64 trillion current LCU | +6.9% |
| 2000 | 8.20 trillion current LCU | +7.5% |
| 2001 | 8.61 trillion current LCU | +5.0% |
| 2002 | 8.99 trillion current LCU | +4.4% |
| 2003 | 9.49 trillion current LCU | +5.5% |
| 2004 | 10.08 trillion current LCU | +6.3% |
| 2005 | 10.73 trillion current LCU | +6.4% |
| 2006 | 11.35 trillion current LCU | +5.8% |
| 2007 | 11.95 trillion current LCU | +5.2% |
| 2008 | 12.40 trillion current LCU | +3.8% |
| 2009 | 12.32 trillion current LCU | -0.6% |
| 2010 | 12.77 trillion current LCU | +3.6% |
| 2011 | 13.21 trillion current LCU | +3.4% |
| 2012 | 13.56 trillion current LCU | +2.7% |
| 2013 | 13.92 trillion current LCU | +2.6% |
| 2014 | 14.44 trillion current LCU | +3.7% |
| 2015 | 14.90 trillion current LCU | +3.2% |
| 2016 | 15.38 trillion current LCU | +3.2% |
| 2017 | 16.01 trillion current LCU | +4.1% |
| 2018 | 16.79 trillion current LCU | +4.9% |
| 2019 | 17.45 trillion current LCU | +3.9% |
| 2020 | 17.41 trillion current LCU | -0.2% |
| 2021 | 19.50 trillion current LCU | +12.0% |
| 2022 | 21.25 trillion current LCU | +9.0% |
| 2023 | 22.60 trillion current LCU | +6.3% |
| 2024 | 23.89 trillion current LCU | +5.7% |
United States compared with similar countries
- United States's 23.89 trillion current LCU is above the median for high income countries, which is 326.40 billion current LCU, 73.2× the median. (67 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1.32 trillion current LCU | 839.51 billion current LCU | 1.99 trillion current LCU | 10 |
| 1980s | 3.28 trillion current LCU | 2.20 trillion current LCU | 4.46 trillion current LCU | 10 |
| 1990s | 6.04 trillion current LCU | 4.76 trillion current LCU | 7.64 trillion current LCU | 10 |
| 2000s | 10.41 trillion current LCU | 8.20 trillion current LCU | 12.40 trillion current LCU | 10 |
| 2010s | 14.84 trillion current LCU | 12.77 trillion current LCU | 17.45 trillion current LCU | 10 |
| 2020s | 20.93 trillion current LCU | 17.41 trillion current LCU | 23.89 trillion current LCU | 5 |
Countries ranked near United States
More economy & growth data for United States
- Real gdp growth, annual growth rate -24.2 % change on previous year (2025)
- 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)
- SDRs holdings, US dollar, annual growth rate 4.26 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0057 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 509.07 units per person (2025)
- SDRs holdings, SDR, annual growth rate -0.7205 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0041 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 371.72 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 0.9623 % change on previous year (2025)
Frequently asked questions
- What is final consumption expenditure in United States?
- Final consumption expenditure in United States was 23.89 trillion current 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 23.89 trillion current LCU in 2024.
- What is the lowest final consumption expenditure recorded in United States?
- The lowest recorded value was 839.51 billion current LCU in 1970.
- How does United States rank for final consumption expenditure?
- United States ranks 40th out of 188 countries with data for 2024.
- Is final consumption expenditure rising or falling in United States?
- Over the last ten years it is up 65.5%. The long-run trend across the full record is volatile.
- 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 (current LCU). 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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.