Final consumption expenditure in High income
High income: Final consumption expenditure was 54.90 trillion current US$ in 2024. ◆ Volatile
Final consumption expenditure in High income, 1970–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
The most recent figure for final consumption expenditure in High income is 54.90 trillion current US$, measured in 2024. That is the highest value across all 55 years on record.
That represents a change of up 4.6% on the previous year and up 33.6% over ten years.
Over the whole period, final consumption expenditure in High income peaked at 54.90 trillion current US$ in 2024 and was at its lowest, 1.84 trillion current US$, in 1970.
High income ranks 2nd of 43 groups on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Final consumption expenditure in High income, year by year
| Year | current US$ | Change |
|---|---|---|
| 1970 | 1.84 trillion current US$ | — |
| 1971 | 2.05 trillion current US$ | +11.5% |
| 1972 | 2.37 trillion current US$ | +15.6% |
| 1973 | 2.83 trillion current US$ | +19.3% |
| 1974 | 3.20 trillion current US$ | +13.2% |
| 1975 | 3.69 trillion current US$ | +15.3% |
| 1976 | 3.98 trillion current US$ | +7.9% |
| 1977 | 4.50 trillion current US$ | +13.1% |
| 1978 | 5.36 trillion current US$ | +19.0% |
| 1979 | 6.19 trillion current US$ | +15.5% |
| 1980 | 6.97 trillion current US$ | +12.5% |
| 1981 | 7.06 trillion current US$ | +1.4% |
| 1982 | 7.15 trillion current US$ | +1.2% |
| 1983 | 7.43 trillion current US$ | +4.0% |
| 1984 | 7.63 trillion current US$ | +2.7% |
| 1985 | 8.06 trillion current US$ | +5.5% |
| 1986 | 9.76 trillion current US$ | +21.2% |
| 1987 | 11.30 trillion current US$ | +15.8% |
| 1988 | 12.58 trillion current US$ | +11.3% |
| 1989 | 13.04 trillion current US$ | +3.6% |
| 1990 | 14.70 trillion current US$ | +12.7% |
| 1991 | 15.53 trillion current US$ | +5.7% |
| 1992 | 16.70 trillion current US$ | +7.6% |
| 1993 | 16.93 trillion current US$ | +1.3% |
| 1994 | 18.05 trillion current US$ | +6.6% |
| 1995 | 19.84 trillion current US$ | +9.9% |
| 1996 | 20.06 trillion current US$ | +1.1% |
| 1997 | 19.72 trillion current US$ | -1.7% |
| 1998 | 19.80 trillion current US$ | +0.4% |
| 1999 | 20.82 trillion current US$ | +5.2% |
| 2000 | 21.27 trillion current US$ | +2.1% |
| 2001 | 21.42 trillion current US$ | +0.7% |
| 2002 | 22.56 trillion current US$ | +5.4% |
| 2003 | 25.36 trillion current US$ | +12.4% |
| 2004 | 28.12 trillion current US$ | +10.9% |
| 2005 | 29.75 trillion current US$ | +5.8% |
| 2006 | 31.37 trillion current US$ | +5.5% |
| 2007 | 34.36 trillion current US$ | +9.5% |
| 2008 | 37.11 trillion current US$ | +8.0% |
| 2009 | 35.68 trillion current US$ | -3.9% |
| 2010 | 37.10 trillion current US$ | +4.0% |
| 2011 | 39.97 trillion current US$ | +7.7% |
| 2012 | 40.00 trillion current US$ | +0.1% |
| 2013 | 40.51 trillion current US$ | +1.3% |
| 2014 | 41.08 trillion current US$ | +1.4% |
| 2015 | 38.39 trillion current US$ | -6.6% |
| 2016 | 39.20 trillion current US$ | +2.1% |
| 2017 | 40.97 trillion current US$ | +4.5% |
| 2018 | 43.35 trillion current US$ | +5.8% |
| 2019 | 43.83 trillion current US$ | +1.1% |
| 2020 | 43.08 trillion current US$ | -1.7% |
| 2021 | 47.91 trillion current US$ | +11.2% |
| 2022 | 49.58 trillion current US$ | +3.5% |
| 2023 | 52.50 trillion current US$ | +5.9% |
| 2024 | 54.90 trillion current US$ | +4.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 3.60 trillion current US$ | 1.84 trillion current US$ | 6.19 trillion current US$ | 10 |
| 1980s | 9.10 trillion current US$ | 6.97 trillion current US$ | 13.04 trillion current US$ | 10 |
| 1990s | 18.21 trillion current US$ | 14.70 trillion current US$ | 20.82 trillion current US$ | 10 |
| 2000s | 28.70 trillion current US$ | 21.27 trillion current US$ | 37.11 trillion current US$ | 10 |
| 2010s | 40.44 trillion current US$ | 37.10 trillion current US$ | 43.83 trillion current US$ | 10 |
| 2020s | 49.60 trillion current US$ | 43.08 trillion current US$ | 54.90 trillion current US$ | 5 |
Countries ranked near High income
- 1 United States 23.89 trillion current US$ compare
- 2 China 10.62 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 High income
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0126 BoP, current US$ per US$ of GDP (2025)
- General government final consumption expenditure (constant 2015 US$) 2.76 % change on previous year (2024)
- General government final consumption expenditure (current US$), per 8,900 current US$ per person (2024)
- General government final consumption expenditure (current US$), per 0.1748 current US$ per US$ of GDP (2024)
- General government final consumption expenditure (current US$) 5.41 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 679.7 BoP, current US$ per person (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 855.36 BoP, current US$ per person (2025)
- Foreign direct investment, net outflows (BoP, current US$), gaps 1.22 trillion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0158 BoP, current US$ per US$ of GDP (2025)
- Final consumption expenditure (current US$), annual growth rate 4.57 % change on previous year (2024)
Frequently asked questions
- What is final consumption expenditure in High income?
- Final consumption expenditure in High income was 54.90 trillion current US$ in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest final consumption expenditure recorded in High income?
- The highest recorded value was 54.90 trillion current US$ in 2024.
- What is the lowest final consumption expenditure recorded in High income?
- The lowest recorded value was 1.84 trillion current US$ in 1970.
- How does High income rank for final consumption expenditure?
- High income ranks 2nd out of 43 groups with data for 2024.
- Is final consumption expenditure rising or falling in High income?
- Over the last ten years it is up 33.6%. The long-run trend across the full record is volatile.
- Where does this High income 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.