General government final consumption expenditure in High income
High income: General government final consumption expenditure was 12.62 trillion current US$ in 2024. ◆ Volatile
General government final consumption expenditure in High income, 1970–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current US$.
Analysis
In 2024, general government final consumption expenditure in High income stood at 12.62 trillion current US$. That is the highest value across all 55 years on record.
That represents a change of up 5.4% on the previous year and up 31.4% over ten years.
Over the whole period, general government final consumption expenditure in High income peaked at 12.62 trillion current US$ in 2024 and was at its lowest, 413.89 billion current US$, in 1970.
High income ranks 2nd of 41 groups on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
General government final consumption expenditure in High income, year by year
| Year | current US$ | Change |
|---|---|---|
| 1970 | 413.89 billion current US$ | — |
| 1971 | 468.53 billion current US$ | +13.2% |
| 1972 | 540.89 billion current US$ | +15.4% |
| 1973 | 640.41 billion current US$ | +18.4% |
| 1974 | 745.46 billion current US$ | +16.4% |
| 1975 | 885.51 billion current US$ | +18.8% |
| 1976 | 942.47 billion current US$ | +6.4% |
| 1977 | 1.06 trillion current US$ | +12.3% |
| 1978 | 1.26 trillion current US$ | +18.9% |
| 1979 | 1.44 trillion current US$ | +14.8% |
| 1980 | 1.65 trillion current US$ | +14.0% |
| 1981 | 1.68 trillion current US$ | +2.1% |
| 1982 | 1.71 trillion current US$ | +1.5% |
| 1983 | 1.75 trillion current US$ | +2.5% |
| 1984 | 1.77 trillion current US$ | +1.0% |
| 1985 | 1.85 trillion current US$ | +4.9% |
| 1986 | 2.26 trillion current US$ | +21.8% |
| 1987 | 2.62 trillion current US$ | +15.9% |
| 1988 | 2.88 trillion current US$ | +9.8% |
| 1989 | 2.98 trillion current US$ | +3.5% |
| 1990 | 3.40 trillion current US$ | +14.3% |
| 1991 | 3.62 trillion current US$ | +6.4% |
| 1992 | 3.90 trillion current US$ | +7.6% |
| 1993 | 3.90 trillion current US$ | +0.0% |
| 1994 | 4.09 trillion current US$ | +4.9% |
| 1995 | 4.50 trillion current US$ | +10.0% |
| 1996 | 4.51 trillion current US$ | +0.3% |
| 1997 | 4.36 trillion current US$ | -3.3% |
| 1998 | 4.33 trillion current US$ | -0.6% |
| 1999 | 4.54 trillion current US$ | +4.8% |
| 2000 | 4.60 trillion current US$ | +1.3% |
| 2001 | 4.68 trillion current US$ | +1.8% |
| 2002 | 5.03 trillion current US$ | +7.5% |
| 2003 | 5.76 trillion current US$ | +14.4% |
| 2004 | 6.41 trillion current US$ | +11.2% |
| 2005 | 6.77 trillion current US$ | +5.6% |
| 2006 | 7.14 trillion current US$ | +5.6% |
| 2007 | 7.86 trillion current US$ | +10.0% |
| 2008 | 8.68 trillion current US$ | +10.5% |
| 2009 | 8.67 trillion current US$ | -0.2% |
| 2010 | 8.96 trillion current US$ | +3.3% |
| 2011 | 9.58 trillion current US$ | +6.9% |
| 2012 | 9.48 trillion current US$ | -1.0% |
| 2013 | 9.56 trillion current US$ | +0.8% |
| 2014 | 9.60 trillion current US$ | +0.5% |
| 2015 | 8.78 trillion current US$ | -8.6% |
| 2016 | 8.92 trillion current US$ | +1.6% |
| 2017 | 9.26 trillion current US$ | +3.8% |
| 2018 | 9.84 trillion current US$ | +6.3% |
| 2019 | 10.02 trillion current US$ | +1.9% |
| 2020 | 10.58 trillion current US$ | +5.6% |
| 2021 | 11.50 trillion current US$ | +8.7% |
| 2022 | 11.39 trillion current US$ | -0.9% |
| 2023 | 11.97 trillion current US$ | +5.1% |
| 2024 | 12.62 trillion current US$ | +5.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 839.75 billion current US$ | 413.89 billion current US$ | 1.44 trillion current US$ | 10 |
| 1980s | 2.11 trillion current US$ | 1.65 trillion current US$ | 2.98 trillion current US$ | 10 |
| 1990s | 4.12 trillion current US$ | 3.40 trillion current US$ | 4.54 trillion current US$ | 10 |
| 2000s | 6.56 trillion current US$ | 4.60 trillion current US$ | 8.68 trillion current US$ | 10 |
| 2010s | 9.40 trillion current US$ | 8.78 trillion current US$ | 10.02 trillion current US$ | 10 |
| 2020s | 11.61 trillion current US$ | 10.58 trillion current US$ | 12.62 trillion current US$ | 5 |
Countries ranked near High income
- 1 United States of America 3.99 trillion current US$ compare
- 2 China 3.13 trillion current US$ compare
- 3 Germany 1.14 trillion current US$ compare
- 4 United Kingdom of Great Britain and Northern Ireland 849.56 billion current US$ compare
- 5 Japan 844.05 billion current US$ compare
More economy & growth data for High income
- Trade 60.5% (2024)
- Gross capital formation 22.6% (2024)
- Imports of goods and services 23.69 trillion current US$ (2025)
- Imports of goods and services 19.90 trillion constant 2015 US$ (2025)
- Imports of goods and services 5.2% (2025)
- Imports of goods and services 30.8% (2025)
- Trade in services 16.0% (2025)
- Manufacturing, value added 8.66 trillion current US$ (2024)
- Manufacturing, value added 12.0% (2024)
- Manufacturing, value added 8.09 trillion constant 2015 US$ (2024)
Frequently asked questions
- What is general government final consumption expenditure in High income?
- General government final consumption expenditure in High income was 12.62 trillion current US$ 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 High income?
- The highest recorded value was 12.62 trillion current US$ in 2024.
- What is the lowest general government final consumption expenditure recorded in High income?
- The lowest recorded value was 413.89 billion current US$ in 1970.
- How does High income rank for general government final consumption expenditure?
- High income ranks 2nd out of 41 groups with data for 2024.
- Is general government final consumption expenditure rising or falling in High income?
- Over the last ten years it is up 31.4%. The long-run trend across the full record is volatile.
- Where does this High income 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 (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. 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 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.