Final consumption expenditure in Upper middle income
Upper middle income: Final consumption expenditure was 20.74 trillion current US$ in 2024. ◆ Volatile
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$, in 1960.
Upper middle income ranks 11th of 44 groups on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 176.70 billion current US$ | 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
- GNI per capita, Atlas method 10,938 current US$ (2025)
- GNI 33.12 trillion current US$ (2025)
- GNI, Atlas method 33.68 trillion current US$ (2025)
- Gross domestic savings 35.3% (2024)
- Gross domestic savings 11.31 trillion current US$ (2024)
- GDP per capita growth 3.9% (2025)
- GDP per capita 10,192 constant 2015 US$ (2025)
- GDP per capita 10,890 current US$ (2025)
- GDP growth 4.2% (2025)
- GDP 31.38 trillion constant 2015 US$ (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 44 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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CSV · JSON — 65 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.