Final consumption expenditure (current US$) in Low & middle income
Low & middle income: Final consumption expenditure (current US$) was 26.76 trillion current US$ in 2024. ◆ Volatile
Latest (2024)
26.76 trillion current US$
Change on year
up 4.8%
Rank
7th
of 43 groups
All-time high
26.76 trillion current US$
in 2024
All-time low
206.63 billion current US$
in 1960
Years of data
65
1960–2024
Final consumption expenditure in Low & middle income, 1960–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
The most recent figure for final consumption expenditure in Low & middle income is 26.76 trillion current US$, measured in 2024. That is the highest value across all 65 years on record.
The figure is up 4.8% on the previous year and up 52.2% over ten years.
Over the whole period, final consumption expenditure in Low & middle income peaked at 26.76 trillion current US$ in 2024 and was at its lowest, 206.63 billion current US$, in 1960.
Low & middle income ranks 7th of 43 groups on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Final consumption expenditure (current US$) in Low & middle income, year by year
| Year | current US$ | Change |
|---|---|---|
| 1960 | 206.63 billion current US$ | — |
| 1961 | 218.62 billion current US$ | +5.8% |
| 1962 | 232.02 billion current US$ | +6.1% |
| 1963 | 251.83 billion current US$ | +8.5% |
| 1964 | 276.81 billion current US$ | +9.9% |
| 1965 | 296.14 billion current US$ | +7.0% |
| 1966 | 303.49 billion current US$ | +2.5% |
| 1967 | 321.56 billion current US$ | +6.0% |
| 1968 | 338.54 billion current US$ | +5.3% |
| 1969 | 369.66 billion current US$ | +9.2% |
| 1970 | 399.71 billion current US$ | +8.1% |
| 1971 | 438.82 billion current US$ | +9.8% |
| 1972 | 486.62 billion current US$ | +10.9% |
| 1973 | 601.02 billion current US$ | +23.5% |
| 1974 | 755.76 billion current US$ | +25.7% |
| 1975 | 843.26 billion current US$ | +11.6% |
| 1976 | 896.97 billion current US$ | +6.4% |
| 1977 | 1.01 trillion current US$ | +12.1% |
| 1978 | 1.14 trillion current US$ | +13.3% |
| 1979 | 1.31 trillion current US$ | +14.7% |
| 1980 | 1.53 trillion current US$ | +17.5% |
| 1981 | 1.70 trillion current US$ | +10.7% |
| 1982 | 1.71 trillion current US$ | +0.9% |
| 1983 | 1.70 trillion current US$ | -0.5% |
| 1984 | 1.75 trillion current US$ | +3.0% |
| 1985 | 1.79 trillion current US$ | +2.2% |
| 1986 | 1.92 trillion current US$ | +7.1% |
| 1987 | 1.93 trillion current US$ | +0.6% |
| 1988 | 2.08 trillion current US$ | +7.5% |
| 1989 | 2.20 trillion current US$ | +5.9% |
| 1990 | 2.51 trillion current US$ | +14.3% |
| 1991 | 2.48 trillion current US$ | -1.2% |
| 1992 | 2.61 trillion current US$ | +5.1% |
| 1993 | 2.81 trillion current US$ | +7.6% |
| 1994 | 3.11 trillion current US$ | +10.7% |
| 1995 | 3.56 trillion current US$ | +14.5% |
| 1996 | 3.92 trillion current US$ | +10.0% |
| 1997 | 4.17 trillion current US$ | +6.3% |
| 1998 | 4.10 trillion current US$ | -1.6% |
| 1999 | 4.05 trillion current US$ | -1.1% |
| 2000 | 4.36 trillion current US$ | +7.6% |
| 2001 | 4.34 trillion current US$ | -0.4% |
| 2002 | 4.34 trillion current US$ | -0.1% |
| 2003 | 4.78 trillion current US$ | +10.2% |
| 2004 | 5.45 trillion current US$ | +14.0% |
| 2005 | 6.37 trillion current US$ | +16.9% |
| 2006 | 7.32 trillion current US$ | +14.9% |
| 2007 | 8.88 trillion current US$ | +21.3% |
| 2008 | 10.40 trillion current US$ | +17.1% |
| 2009 | 10.59 trillion current US$ | +1.8% |
| 2010 | 12.61 trillion current US$ | +19.1% |
| 2011 | 14.87 trillion current US$ | +18.0% |
| 2012 | 15.88 trillion current US$ | +6.8% |
| 2013 | 16.81 trillion current US$ | +5.8% |
| 2014 | 17.57 trillion current US$ | +4.5% |
| 2015 | 17.18 trillion current US$ | -2.2% |
| 2016 | 17.52 trillion current US$ | +2.0% |
| 2017 | 19.07 trillion current US$ | +8.8% |
| 2018 | 20.07 trillion current US$ | +5.3% |
| 2019 | 20.71 trillion current US$ | +3.2% |
| 2020 | 19.92 trillion current US$ | -3.8% |
| 2021 | 22.95 trillion current US$ | +15.2% |
| 2022 | 24.04 trillion current US$ | +4.7% |
| 2023 | 25.52 trillion current US$ | +6.2% |
| 2024 | 26.76 trillion current US$ | +4.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 281.53 billion current US$ | 206.63 billion current US$ | 369.66 billion current US$ | 10 |
| 1970s | 787.20 billion current US$ | 399.71 billion current US$ | 1.31 trillion current US$ | 10 |
| 1980s | 1.83 trillion current US$ | 1.53 trillion current US$ | 2.20 trillion current US$ | 10 |
| 1990s | 3.33 trillion current US$ | 2.48 trillion current US$ | 4.17 trillion current US$ | 10 |
| 2000s | 6.69 trillion current US$ | 4.34 trillion current US$ | 10.59 trillion current US$ | 10 |
| 2010s | 17.23 trillion current US$ | 12.61 trillion current US$ | 20.71 trillion current US$ | 10 |
| 2020s | 23.84 trillion current US$ | 19.92 trillion current US$ | 26.76 trillion current US$ | 5 |
Countries ranked near Low & middle income
- 4 United Kingdom 3.27 trillion current US$ compare
- 5 Japan 3.07 trillion current US$ compare
- 6 India 2.67 trillion current US$ compare
- 7 France 2.64 trillion current US$ compare
- 8 Italy 1.93 trillion current US$ compare
- 9 Brazil 1.88 trillion current US$ compare
- 10 Russia 1.80 trillion current US$ compare
More economy & growth data for Low & middle income
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0065 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 39.46 BoP, current US$ per person (2025)
- Foreign direct investment, net outflows (BoP, current US$), gaps 267.99 billion BoP, current US$ (2025)
- GDP (current US$), annual growth rate 5.03 % change on previous year (2025)
- Services, value added (current US$), per unit of GDP 0.5761 current US$ per US$ of GDP (2025)
- Services, value added (current US$), per capita 3,519 current US$ per person (2025)
- Services, value added (constant 2015 US$), annual growth rate 5.02 % change on previous year (2025)
- Services, value added (constant 2015 US$), per unit of GDP 0.5412 constant 2015 US$ per US$ of GDP (2025)
- Services, value added (constant 2015 US$), per capita 3,305 constant 2015 US$ per person (2025)
- GDP (constant 2015 US$), annual growth rate 4.53 % change on previous year (2025)
Frequently asked questions
- What is final consumption expenditure in Low & middle income?
- Final consumption expenditure in Low & middle income was 26.76 trillion current US$ in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest final consumption expenditure recorded in Low & middle income?
- The highest recorded value was 26.76 trillion current US$ in 2024.
- What is the lowest final consumption expenditure recorded in Low & middle income?
- The lowest recorded value was 206.63 billion current US$ in 1960.
- How does Low & middle income rank for final consumption expenditure?
- Low & middle income ranks 7th out of 43 groups with data for 2024.
- Is final consumption expenditure rising or falling in Low & middle income?
- Over the last ten years it is up 52.2%. The long-run trend across the full record is volatile.
- Where does this Low & middle 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.
Download this data
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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.