Final consumption expenditure in United States
United States: Final consumption expenditure 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 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
- 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 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.