General government final consumption expenditure in North America
North America: General government final consumption expenditure was 3.3% in 2024. ◆ Volatile
General government final consumption expenditure in North America, 1971–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in annual % growth.
Analysis
In 2024, general government final consumption expenditure in North America stood at 3.3%.
Compared with earlier readings it is up 14.9% on the previous year and up 590.5% over ten years.
Over the whole period, general government final consumption expenditure in North America peaked at 4.7% in 1985 and was at its lowest, -2.6%, in 2011.
That places North America 14th out of 33 groups with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
General government final consumption expenditure in North America, year by year
| Year | annual % growth | Change |
|---|---|---|
| 1971 | 0.4% | — |
| 1972 | 0.6% | +59.9% |
| 1973 | -0.3% | -154.0% |
| 1974 | 2.5% | -846.5% |
| 1975 | 2.8% | +12.1% |
| 1976 | 0.2% | -93.4% |
| 1977 | 2.0% | +969.8% |
| 1978 | 1.7% | -15.8% |
| 1979 | 0.8% | -54.1% |
| 1980 | 1.6% | +107.4% |
| 1981 | 1.6% | -0.6% |
| 1982 | 2.2% | +36.6% |
| 1983 | 2.8% | +27.7% |
| 1984 | 1.6% | -43.9% |
| 1985 | 4.7% | +198.9% |
| 1986 | 4.3% | -9.4% |
| 1987 | 1.9% | -55.5% |
| 1988 | 2.1% | +9.4% |
| 1989 | 3.0% | +44.6% |
| 1990 | 2.8% | -7.0% |
| 1991 | 1.8% | -35.4% |
| 1992 | 0.7% | -63.1% |
| 1993 | -0.1% | -110.6% |
| 1994 | 0.3% | -589.7% |
| 1995 | 0.1% | -58.8% |
| 1996 | 0.2% | +48.2% |
| 1997 | 1.6% | +656.4% |
| 1998 | 1.9% | +17.7% |
| 1999 | 2.7% | +43.5% |
| 2000 | 1.7% | -36.1% |
| 2001 | 3.5% | +105.9% |
| 2002 | 3.7% | +4.2% |
| 2003 | 1.8% | -50.5% |
| 2004 | 1.6% | -14.7% |
| 2005 | 0.8% | -45.6% |
| 2006 | 1.4% | +60.1% |
| 2007 | 1.7% | +22.8% |
| 2008 | 2.6% | +54.4% |
| 2009 | 4.1% | +58.8% |
| 2010 | 0.2% | -94.4% |
| 2011 | -2.6% | -1239.9% |
| 2012 | -1.2% | -53.2% |
| 2013 | -1.8% | +46.7% |
| 2014 | -0.7% | -62.4% |
| 2015 | 1.7% | -350.3% |
| 2016 | 1.8% | +3.6% |
| 2017 | 0.2% | -90.5% |
| 2018 | 1.6% | +853.0% |
| 2019 | 3.6% | +126.5% |
| 2020 | 2.8% | -21.3% |
| 2021 | 1.1% | -62.5% |
| 2022 | -0.8% | -178.7% |
| 2023 | 2.9% | -446.0% |
| 2024 | 3.3% | +14.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1.2% | -0.3% | 2.8% | 9 |
| 1980s | 2.6% | 1.6% | 4.7% | 10 |
| 1990s | 1.2% | -0.1% | 2.8% | 10 |
| 2000s | 2.3% | 0.8% | 4.1% | 10 |
| 2010s | 0.3% | -2.6% | 3.6% | 10 |
| 2020s | 1.9% | -0.8% | 3.3% | 5 |
Countries ranked near North America
- 11 Central African Republic 15.6% compare
- 12 Tanzania, United Republic of 15.2% compare
- 13 Eswatini 14.0% compare
- 14 Equatorial Guinea 13.4% compare
- 15 Nepal 12.0% compare
- 16 Viet Nam 11.9% compare
- 17 Gambia 11.4% compare
More economy & growth data for North America
- Gross capital formation 21.6% (2024)
- Gross fixed capital formation 3.3% (2024)
- Gross fixed capital formation 21.5% (2024)
- Gross capital formation 6.84 trillion current US$ (2024)
- Gross capital formation 5.52 trillion constant 2015 US$ (2024)
- Gross capital formation 3.2% (2024)
- Imports of goods and services 5.0% (2024)
- External balance on goods and services -2.8% (2024)
- Imports of goods and services 15.4% (2024)
- Gross fixed capital formation 5.42 trillion constant 2015 US$ (2024)
Frequently asked questions
- What is general government final consumption expenditure in North America?
- General government final consumption expenditure in North America was 3.3% in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest general government final consumption expenditure recorded in North America?
- The highest recorded value was 4.7% in 1985.
- What is the lowest general government final consumption expenditure recorded in North America?
- The lowest recorded value was -2.6% in 2011.
- How does North America rank for general government final consumption expenditure?
- North America ranks 14th out of 33 groups with data for 2024.
- Is general government final consumption expenditure rising or falling in North America?
- Over the last ten years it is up 590.5%. The long-run trend across the full record is volatile.
- Where does this North America data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of General government final consumption expenditure (annual % growth). 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. General government FCE includes all government current expenditures for purchases of goods and services (including compensation of employees), and most expenditures on national defense and security, but excludes government military expenditures that are part of government capital formation. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.