Final consumption expenditure in China
China: Final consumption expenditure was 10.62 trillion current US$ in 2024. ◆ Volatile
Latest (2024)
10.62 trillion current US$
Change on year
up 2.4%
World rank
2nd
of 188 countries
All-time high
10.62 trillion current US$
in 2024
All-time low
37.69 billion current US$
in 1960
Years of data
65
1960–2024
Final consumption expenditure in China, 1960–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
In 2024, final consumption expenditure in China stood at 10.62 trillion current US$. That is the highest value across all 65 years on record.
That represents a change of up 2.4% on the previous year and up 88.1% over ten years.
Over the whole period, final consumption expenditure in China peaked at 10.62 trillion current US$ in 2024 and was at its lowest, 37.69 billion current US$, in 1960.
China ranks 2nd of 188 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Final consumption expenditure in China, year by year
| Year | current US$ | Change |
|---|---|---|
| 1960 | 37.69 billion current US$ | — |
| 1961 | 40.44 billion current US$ | +7.3% |
| 1962 | 40.16 billion current US$ | -0.7% |
| 1963 | 41.26 billion current US$ | +2.7% |
| 1964 | 43.83 billion current US$ | +6.2% |
| 1965 | 47.08 billion current US$ | +7.4% |
| 1966 | 50.89 billion current US$ | +8.1% |
| 1967 | 52.01 billion current US$ | +2.2% |
| 1968 | 51.75 billion current US$ | -0.5% |
| 1969 | 55.30 billion current US$ | +6.9% |
| 1970 | 59.32 billion current US$ | +7.3% |
| 1971 | 63.24 billion current US$ | +6.6% |
| 1972 | 73.27 billion current US$ | +15.9% |
| 1973 | 88.13 billion current US$ | +20.3% |
| 1974 | 92.41 billion current US$ | +4.9% |
| 1975 | 101.57 billion current US$ | +9.9% |
| 1976 | 101.59 billion current US$ | +0.0% |
| 1977 | 110.93 billion current US$ | +9.2% |
| 1978 | 91.04 billion current US$ | -17.9% |
| 1979 | 112.43 billion current US$ | +23.5% |
| 1980 | 123.99 billion current US$ | +10.3% |
| 1981 | 130.44 billion current US$ | +5.2% |
| 1982 | 136.91 billion current US$ | +5.0% |
| 1983 | 156.05 billion current US$ | +14.0% |
| 1984 | 171.45 billion current US$ | +9.9% |
| 1985 | 201.96 billion current US$ | +17.8% |
| 1986 | 195.65 billion current US$ | -3.1% |
| 1987 | 171.86 billion current US$ | -12.2% |
| 1988 | 194.56 billion current US$ | +13.2% |
| 1989 | 224.17 billion current US$ | +15.2% |
| 1990 | 230.38 billion current US$ | +2.8% |
| 1991 | 238.36 billion current US$ | +3.5% |
| 1992 | 256.21 billion current US$ | +7.5% |
| 1993 | 261.06 billion current US$ | +1.9% |
| 1994 | 330.59 billion current US$ | +26.6% |
| 1995 | 437.14 billion current US$ | +32.2% |
| 1996 | 523.13 billion current US$ | +19.7% |
| 1997 | 579.18 billion current US$ | +10.7% |
| 1998 | 628.83 billion current US$ | +8.6% |
| 1999 | 692.60 billion current US$ | +10.1% |
| 2000 | 779.96 billion current US$ | +12.6% |
| 2001 | 841.94 billion current US$ | +7.9% |
| 2002 | 911.88 billion current US$ | +8.3% |
| 2003 | 981.18 billion current US$ | +7.6% |
| 2004 | 1.10 trillion current US$ | +12.3% |
| 2005 | 1.27 trillion current US$ | +15.3% |
| 2006 | 1.48 trillion current US$ | +16.6% |
| 2007 | 1.85 trillion current US$ | +25.3% |
| 2008 | 2.35 trillion current US$ | +26.5% |
| 2009 | 2.62 trillion current US$ | +11.9% |
| 2010 | 3.06 trillion current US$ | +16.7% |
| 2011 | 3.89 trillion current US$ | +27.2% |
| 2012 | 4.48 trillion current US$ | +15.0% |
| 2013 | 5.07 trillion current US$ | +13.3% |
| 2014 | 5.64 trillion current US$ | +11.2% |
| 2015 | 6.13 trillion current US$ | +8.6% |
| 2016 | 6.37 trillion current US$ | +3.9% |
| 2017 | 6.95 trillion current US$ | +9.2% |
| 2018 | 7.89 trillion current US$ | +13.5% |
| 2019 | 8.23 trillion current US$ | +4.2% |
| 2020 | 8.36 trillion current US$ | +1.7% |
| 2021 | 9.96 trillion current US$ | +19.1% |
| 2022 | 9.97 trillion current US$ | +0.1% |
| 2023 | 10.37 trillion current US$ | +4.0% |
| 2024 | 10.62 trillion current US$ | +2.4% |
China compared with similar countries
- China's 10.62 trillion current US$ is above the median for upper middle income countries, which is 47.37 billion current US$, 224.1× the median. (52 countries reporting)
- China's 10.62 trillion current US$ is above the median for East Asia & Pacific, which is 16.77 billion current US$, 633.0× the median. (29 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 46.04 billion current US$ | 37.69 billion current US$ | 55.30 billion current US$ | 10 |
| 1970s | 89.39 billion current US$ | 59.32 billion current US$ | 112.43 billion current US$ | 10 |
| 1980s | 170.70 billion current US$ | 123.99 billion current US$ | 224.17 billion current US$ | 10 |
| 1990s | 417.75 billion current US$ | 230.38 billion current US$ | 692.60 billion current US$ | 10 |
| 2000s | 1.42 trillion current US$ | 779.96 billion current US$ | 2.62 trillion current US$ | 10 |
| 2010s | 5.77 trillion current US$ | 3.06 trillion current US$ | 8.23 trillion current US$ | 10 |
| 2020s | 9.86 trillion current US$ | 8.36 trillion current US$ | 10.62 trillion current US$ | 5 |
Countries ranked near China
- 1 United States 23.89 trillion current US$ compare
- 3 Germany 3.82 trillion current US$ compare
- 4 United Kingdom 3.27 trillion current US$ compare
- 5 Japan 3.07 trillion current US$ compare
More economy & growth data for China
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 3.46 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.31 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 157.21 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0081 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 111.77 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 79.98 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual 87.54 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0041 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 56.86 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 8.47 % change on previous year (2025)
Frequently asked questions
- What is final consumption expenditure in China?
- Final consumption expenditure in China was 10.62 trillion current US$ in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest final consumption expenditure recorded in China?
- The highest recorded value was 10.62 trillion current US$ in 2024.
- What is the lowest final consumption expenditure recorded in China?
- The lowest recorded value was 37.69 billion current US$ in 1960.
- How does China rank for final consumption expenditure?
- China ranks 2nd out of 188 countries with data for 2024.
- Is final consumption expenditure rising or falling in China?
- Over the last ten years it is up 88.1%. The long-run trend across the full record is volatile.
- Where does this China data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Final consumption expenditure (current US$). 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 indicator is expressed in United States dollars.