Final consumption expenditure (current US$) in United States
United States: Final consumption expenditure (current US$) was 23.89 trillion current US$ in 2024. ◆ Volatile
Final consumption expenditure in United States, 1970–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
The most recent figure for final consumption expenditure in United States is 23.89 trillion current US$, measured in 2024. That is the highest value across all 55 years on record.
The figure 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 US$ in 2024 and was at its lowest, 839.51 billion current US$, in 1970.
United States ranks 1st of 188 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Final consumption expenditure (current US$) in United States, year by year
| Year | current US$ | Change |
|---|---|---|
| 1970 | 839.51 billion current US$ | — |
| 1971 | 908.90 billion current US$ | +8.3% |
| 1972 | 993.65 billion current US$ | +9.3% |
| 1973 | 1.09 trillion current US$ | +9.6% |
| 1974 | 1.20 trillion current US$ | +9.8% |
| 1975 | 1.33 trillion current US$ | +11.0% |
| 1976 | 1.46 trillion current US$ | +10.2% |
| 1977 | 1.62 trillion current US$ | +10.5% |
| 1978 | 1.79 trillion current US$ | +11.0% |
| 1979 | 1.99 trillion current US$ | +11.0% |
| 1980 | 2.20 trillion current US$ | +10.8% |
| 1981 | 2.44 trillion current US$ | +10.7% |
| 1982 | 2.63 trillion current US$ | +7.6% |
| 1983 | 2.88 trillion current US$ | +9.6% |
| 1984 | 3.13 trillion current US$ | +8.7% |
| 1985 | 3.40 trillion current US$ | +8.8% |
| 1986 | 3.62 trillion current US$ | +6.5% |
| 1987 | 3.85 trillion current US$ | +6.3% |
| 1988 | 4.15 trillion current US$ | +7.7% |
| 1989 | 4.46 trillion current US$ | +7.4% |
| 1990 | 4.76 trillion current US$ | +6.7% |
| 1991 | 4.95 trillion current US$ | +4.0% |
| 1992 | 5.25 trillion current US$ | +6.0% |
| 1993 | 5.53 trillion current US$ | +5.3% |
| 1994 | 5.83 trillion current US$ | +5.5% |
| 1995 | 6.10 trillion current US$ | +4.7% |
| 1996 | 6.42 trillion current US$ | +5.1% |
| 1997 | 6.76 trillion current US$ | +5.3% |
| 1998 | 7.14 trillion current US$ | +5.7% |
| 1999 | 7.64 trillion current US$ | +6.9% |
| 2000 | 8.20 trillion current US$ | +7.5% |
| 2001 | 8.61 trillion current US$ | +5.0% |
| 2002 | 8.99 trillion current US$ | +4.4% |
| 2003 | 9.49 trillion current US$ | +5.5% |
| 2004 | 10.08 trillion current US$ | +6.3% |
| 2005 | 10.73 trillion current US$ | +6.4% |
| 2006 | 11.35 trillion current US$ | +5.8% |
| 2007 | 11.95 trillion current US$ | +5.2% |
| 2008 | 12.40 trillion current US$ | +3.8% |
| 2009 | 12.32 trillion current US$ | -0.6% |
| 2010 | 12.77 trillion current US$ | +3.6% |
| 2011 | 13.21 trillion current US$ | +3.4% |
| 2012 | 13.56 trillion current US$ | +2.7% |
| 2013 | 13.92 trillion current US$ | +2.6% |
| 2014 | 14.44 trillion current US$ | +3.7% |
| 2015 | 14.90 trillion current US$ | +3.2% |
| 2016 | 15.38 trillion current US$ | +3.2% |
| 2017 | 16.01 trillion current US$ | +4.1% |
| 2018 | 16.79 trillion current US$ | +4.9% |
| 2019 | 17.45 trillion current US$ | +3.9% |
| 2020 | 17.41 trillion current US$ | -0.2% |
| 2021 | 19.50 trillion current US$ | +12.0% |
| 2022 | 21.25 trillion current US$ | +9.0% |
| 2023 | 22.60 trillion current US$ | +6.3% |
| 2024 | 23.89 trillion current US$ | +5.7% |
United States compared with similar countries
- United States's 23.89 trillion current US$ is above the median for high income countries, which is 123.73 billion current US$, 193.1× the median. (67 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1.32 trillion current US$ | 839.51 billion current US$ | 1.99 trillion current US$ | 10 |
| 1980s | 3.28 trillion current US$ | 2.20 trillion current US$ | 4.46 trillion current US$ | 10 |
| 1990s | 6.04 trillion current US$ | 4.76 trillion current US$ | 7.64 trillion current US$ | 10 |
| 2000s | 10.41 trillion current US$ | 8.20 trillion current US$ | 12.40 trillion current US$ | 10 |
| 2010s | 14.84 trillion current US$ | 12.77 trillion current US$ | 17.45 trillion current US$ | 10 |
| 2020s | 20.93 trillion current US$ | 17.41 trillion current US$ | 23.89 trillion current US$ | 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)
- SDRs holdings, US dollar, annual growth rate 4.26 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0057 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 509.07 units per person (2025)
- SDRs holdings, SDR, annual growth rate -0.7205 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0041 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 371.72 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 0.9623 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0027 units per US$ of GDP (2025)
Frequently asked questions
- What is final consumption expenditure in United States?
- Final consumption expenditure in United States was 23.89 trillion current US$ in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest final consumption expenditure recorded in United States?
- The highest recorded value was 23.89 trillion current US$ in 2024.
- What is the lowest final consumption expenditure recorded in United States?
- The lowest recorded value was 839.51 billion current US$ in 1970.
- How does United States rank for final consumption expenditure?
- United States ranks 1st 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 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.