Final consumption expenditure in OECD members
OECD members: Final consumption expenditure was 52.86 trillion current US$ in 2024. ◆ Volatile
Final consumption expenditure in OECD members, 1970–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
OECD members recorded 52.86 trillion current US$ for final consumption expenditure in 2024. That is the highest value across all 55 years on record.
The figure is up 4.7% on the previous year and up 33.6% over ten years.
Over the whole period, final consumption expenditure in OECD members peaked at 52.86 trillion current US$ in 2024 and was at its lowest, 1.78 trillion current US$, in 1970.
That places OECD members 3rd out of 43 groups with data for 2024, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Final consumption expenditure in OECD members, year by year
| Year | current US$ | Change |
|---|---|---|
| 1970 | 1.78 trillion current US$ | — |
| 1971 | 1.99 trillion current US$ | +11.4% |
| 1972 | 2.30 trillion current US$ | +15.7% |
| 1973 | 2.74 trillion current US$ | +19.2% |
| 1974 | 3.11 trillion current US$ | +13.5% |
| 1975 | 3.59 trillion current US$ | +15.4% |
| 1976 | 3.86 trillion current US$ | +7.6% |
| 1977 | 4.34 trillion current US$ | +12.4% |
| 1978 | 5.16 trillion current US$ | +18.9% |
| 1979 | 5.97 trillion current US$ | +15.6% |
| 1980 | 6.72 trillion current US$ | +12.6% |
| 1981 | 6.83 trillion current US$ | +1.6% |
| 1982 | 6.83 trillion current US$ | +0.0% |
| 1983 | 7.08 trillion current US$ | +3.7% |
| 1984 | 7.29 trillion current US$ | +2.9% |
| 1985 | 7.70 trillion current US$ | +5.6% |
| 1986 | 9.30 trillion current US$ | +20.8% |
| 1987 | 10.77 trillion current US$ | +15.8% |
| 1988 | 12.01 trillion current US$ | +11.5% |
| 1989 | 12.53 trillion current US$ | +4.4% |
| 1990 | 14.19 trillion current US$ | +13.2% |
| 1991 | 15.07 trillion current US$ | +6.2% |
| 1992 | 16.35 trillion current US$ | +8.5% |
| 1993 | 16.65 trillion current US$ | +1.8% |
| 1994 | 17.72 trillion current US$ | +6.4% |
| 1995 | 19.36 trillion current US$ | +9.3% |
| 1996 | 19.59 trillion current US$ | +1.2% |
| 1997 | 19.29 trillion current US$ | -1.5% |
| 1998 | 19.51 trillion current US$ | +1.2% |
| 1999 | 20.64 trillion current US$ | +5.8% |
| 2000 | 21.15 trillion current US$ | +2.5% |
| 2001 | 21.23 trillion current US$ | +0.4% |
| 2002 | 22.37 trillion current US$ | +5.3% |
| 2003 | 25.08 trillion current US$ | +12.1% |
| 2004 | 27.75 trillion current US$ | +10.6% |
| 2005 | 29.34 trillion current US$ | +5.7% |
| 2006 | 30.81 trillion current US$ | +5.0% |
| 2007 | 33.60 trillion current US$ | +9.1% |
| 2008 | 36.06 trillion current US$ | +7.3% |
| 2009 | 34.65 trillion current US$ | -3.9% |
| 2010 | 36.12 trillion current US$ | +4.3% |
| 2011 | 38.65 trillion current US$ | +7.0% |
| 2012 | 38.53 trillion current US$ | -0.3% |
| 2013 | 38.94 trillion current US$ | +1.1% |
| 2014 | 39.56 trillion current US$ | +1.6% |
| 2015 | 37.12 trillion current US$ | -6.2% |
| 2016 | 37.86 trillion current US$ | +2.0% |
| 2017 | 39.33 trillion current US$ | +3.9% |
| 2018 | 41.51 trillion current US$ | +5.5% |
| 2019 | 41.91 trillion current US$ | +1.0% |
| 2020 | 41.13 trillion current US$ | -1.9% |
| 2021 | 45.81 trillion current US$ | +11.4% |
| 2022 | 47.28 trillion current US$ | +3.2% |
| 2023 | 50.47 trillion current US$ | +6.8% |
| 2024 | 52.86 trillion current US$ | +4.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 3.48 trillion current US$ | 1.78 trillion current US$ | 5.97 trillion current US$ | 10 |
| 1980s | 8.71 trillion current US$ | 6.72 trillion current US$ | 12.53 trillion current US$ | 10 |
| 1990s | 17.84 trillion current US$ | 14.19 trillion current US$ | 20.64 trillion current US$ | 10 |
| 2000s | 28.20 trillion current US$ | 21.15 trillion current US$ | 36.06 trillion current US$ | 10 |
| 2010s | 38.95 trillion current US$ | 36.12 trillion current US$ | 41.91 trillion current US$ | 10 |
| 2020s | 47.51 trillion current US$ | 41.13 trillion current US$ | 52.86 trillion current US$ | 5 |
Countries ranked near OECD members
More economy & growth data for OECD members
- Foreign direct investment, net outflows (BoP, current US$), per capita 779.17 BoP, current US$ per person (2025)
- General government final consumption expenditure (constant 2015 US$) 0.1456 constant 2015 US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0151 BoP, current US$ per US$ of GDP (2025)
- General government final consumption expenditure (constant 2015 US$) 2.7 % change on previous year (2024)
- General government final consumption expenditure (current US$), per 8,471 current US$ per person (2024)
- General government final consumption expenditure (current US$), per 0.1733 current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0107 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual 2.6 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 777.22 billion BoP, current US$ (2025)
- General government final consumption expenditure (constant 2015 US$) 7,116 constant 2015 US$ per person (2024)
Frequently asked questions
- What is final consumption expenditure in OECD members?
- Final consumption expenditure in OECD members was 52.86 trillion current US$ in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest final consumption expenditure recorded in OECD members?
- The highest recorded value was 52.86 trillion current US$ in 2024.
- What is the lowest final consumption expenditure recorded in OECD members?
- The lowest recorded value was 1.78 trillion current US$ in 1970.
- How does OECD members rank for final consumption expenditure?
- OECD members ranks 3rd out of 43 groups with data for 2024.
- Is final consumption expenditure rising or falling in OECD members?
- Over the last ten years it is up 33.6%. The long-run trend across the full record is volatile.
- Where does this OECD members 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.