Final consumption expenditure in Upper middle income
Upper middle income: Final consumption expenditure was 20.74 trillion current US$ in 2024. ◆ Volatile
Latest (2024)
20.74 trillion current US$
Change on year
up 4.1%
Rank
11th
of 43 groups
All-time high
20.74 trillion current US$
in 2024
All-time low
126.70 billion current US$
in 1960
Years of data
65
1960–2024
Final consumption expenditure in Upper middle income, 1960–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
Upper middle income recorded 20.74 trillion current US$ for final consumption expenditure in 2024. That is the highest value across all 65 years on record.
Compared with earlier readings it is up 4.1% on the previous year and up 50.7% over ten years.
Over the whole period, final consumption expenditure in Upper middle income peaked at 20.74 trillion current US$ in 2024 and was at its lowest, 126.70 billion current US$, in 1960.
Upper middle income ranks 11th of 43 groups on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Final consumption expenditure in Upper middle income, year by year
| Year | current US$ | Change |
|---|---|---|
| 1960 | 126.70 billion current US$ | — |
| 1961 | 134.06 billion current US$ | +5.8% |
| 1962 | 142.97 billion current US$ | +6.6% |
| 1963 | 153.41 billion current US$ | +7.3% |
| 1964 | 168.14 billion current US$ | +9.6% |
| 1965 | 179.24 billion current US$ | +6.6% |
| 1966 | 197.52 billion current US$ | +10.2% |
| 1967 | 205.83 billion current US$ | +4.2% |
| 1968 | 219.13 billion current US$ | +6.5% |
| 1969 | 239.96 billion current US$ | +9.5% |
| 1970 | 260.10 billion current US$ | +8.4% |
| 1971 | 286.16 billion current US$ | +10.0% |
| 1972 | 326.41 billion current US$ | +14.1% |
| 1973 | 417.22 billion current US$ | +27.8% |
| 1974 | 531.36 billion current US$ | +27.4% |
| 1975 | 592.01 billion current US$ | +11.4% |
| 1976 | 641.13 billion current US$ | +8.3% |
| 1977 | 713.52 billion current US$ | +11.3% |
| 1978 | 799.05 billion current US$ | +12.0% |
| 1979 | 916.86 billion current US$ | +14.7% |
| 1980 | 1.06 trillion current US$ | +16.0% |
| 1981 | 1.20 trillion current US$ | +13.2% |
| 1982 | 1.21 trillion current US$ | +0.2% |
| 1983 | 1.18 trillion current US$ | -2.5% |
| 1984 | 1.25 trillion current US$ | +6.1% |
| 1985 | 1.26 trillion current US$ | +1.1% |
| 1986 | 1.35 trillion current US$ | +6.8% |
| 1987 | 1.33 trillion current US$ | -1.3% |
| 1988 | 1.44 trillion current US$ | +8.0% |
| 1989 | 1.57 trillion current US$ | +9.2% |
| 1990 | 1.82 trillion current US$ | +16.0% |
| 1991 | 1.82 trillion current US$ | -0.4% |
| 1992 | 1.94 trillion current US$ | +7.1% |
| 1993 | 2.12 trillion current US$ | +9.1% |
| 1994 | 2.38 trillion current US$ | +12.1% |
| 1995 | 2.76 trillion current US$ | +15.9% |
| 1996 | 3.04 trillion current US$ | +10.2% |
| 1997 | 3.24 trillion current US$ | +6.6% |
| 1998 | 3.15 trillion current US$ | -2.7% |
| 1999 | 3.07 trillion current US$ | -2.7% |
| 2000 | 3.31 trillion current US$ | +7.9% |
| 2001 | 3.29 trillion current US$ | -0.6% |
| 2002 | 3.26 trillion current US$ | -0.7% |
| 2003 | 3.58 trillion current US$ | +9.7% |
| 2004 | 4.11 trillion current US$ | +14.9% |
| 2005 | 4.85 trillion current US$ | +17.9% |
| 2006 | 5.59 trillion current US$ | +15.4% |
| 2007 | 6.76 trillion current US$ | +20.9% |
| 2008 | 8.03 trillion current US$ | +18.7% |
| 2009 | 8.06 trillion current US$ | +0.3% |
| 2010 | 9.68 trillion current US$ | +20.1% |
| 2011 | 11.55 trillion current US$ | +19.4% |
| 2012 | 12.39 trillion current US$ | +7.2% |
| 2013 | 13.21 trillion current US$ | +6.6% |
| 2014 | 13.76 trillion current US$ | +4.1% |
| 2015 | 13.35 trillion current US$ | -2.9% |
| 2016 | 13.53 trillion current US$ | +1.3% |
| 2017 | 14.74 trillion current US$ | +8.9% |
| 2018 | 15.60 trillion current US$ | +5.9% |
| 2019 | 16.03 trillion current US$ | +2.7% |
| 2020 | 15.34 trillion current US$ | -4.3% |
| 2021 | 17.71 trillion current US$ | +15.4% |
| 2022 | 18.53 trillion current US$ | +4.7% |
| 2023 | 19.92 trillion current US$ | +7.5% |
| 2024 | 20.74 trillion current US$ | +4.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 176.70 billion current US$ | 126.70 billion current US$ | 239.96 billion current US$ | 10 |
| 1970s | 548.38 billion current US$ | 260.10 billion current US$ | 916.86 billion current US$ | 10 |
| 1980s | 1.29 trillion current US$ | 1.06 trillion current US$ | 1.57 trillion current US$ | 10 |
| 1990s | 2.53 trillion current US$ | 1.82 trillion current US$ | 3.24 trillion current US$ | 10 |
| 2000s | 5.08 trillion current US$ | 3.26 trillion current US$ | 8.06 trillion current US$ | 10 |
| 2010s | 13.38 trillion current US$ | 9.68 trillion current US$ | 16.03 trillion current US$ | 10 |
| 2020s | 18.45 trillion current US$ | 15.34 trillion current US$ | 20.74 trillion current US$ | 5 |
Countries ranked near Upper middle income
- 8 Italy 1.93 trillion current US$ compare
- 9 Brazil 1.88 trillion current US$ compare
- 10 Russia 1.80 trillion current US$ compare
- 11 Canada 1.80 trillion current US$ compare
- 12 Mexico 1.50 trillion current US$ compare
- 13 Spain 1.43 trillion current US$ compare
- 14 Australia 1.35 trillion current US$ compare
More economy & growth data for Upper middle income
- Foreign direct investment, net outflows (BoP, current US$), gaps 228.01 billion BoP, current US$ (2025)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) 0.0644 constant 2015 US$ per US$ of GDP (2025)
- Gross capital formation (current US$), per capita 3,522 current US$ per person (2024)
- Gross capital formation (constant 2015 US$), annual growth rate 2.14 % change on previous year (2025)
- Gross capital formation (constant 2015 US$), per unit of GDP 0.3068 constant 2015 US$ per US$ of GDP (2025)
- Gross capital formation (constant 2015 US$), per capita 3,341 constant 2015 US$ per person (2025)
- Imports of goods and services (current US$), annual growth rate 4.7 % change on previous year (2025)
- Imports of goods and services (current US$), per unit of GDP 0.2376 current US$ per US$ of GDP (2025)
- Imports of goods and services (current US$), per capita 2,587 current US$ per person (2025)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) 3.62 % change on previous year (2025)
Frequently asked questions
- What is final consumption expenditure in Upper middle income?
- Final consumption expenditure in Upper middle income was 20.74 trillion current US$ in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest final consumption expenditure recorded in Upper middle income?
- The highest recorded value was 20.74 trillion current US$ in 2024.
- What is the lowest final consumption expenditure recorded in Upper middle income?
- The lowest recorded value was 126.70 billion current US$ in 1960.
- How does Upper middle income rank for final consumption expenditure?
- Upper middle income ranks 11th out of 43 groups with data for 2024.
- Is final consumption expenditure rising or falling in Upper middle income?
- Over the last ten years it is up 50.7%. The long-run trend across the full record is volatile.
- Where does this Upper 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.
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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.