General government final consumption expenditure in Latin America & Caribbean
Latin America & Caribbean: General government final consumption expenditure was 1.19 trillion current US$ in 2025. ◆ Volatile
General government final consumption expenditure in Latin America & Caribbean, 1960–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current US$.
Analysis
Latin America & Caribbean recorded 1.19 trillion current US$ for general government final consumption expenditure in 2025. That is the highest value across all 66 years on record.
That represents a change of up 6.0% on the previous year and up 35.9% over ten years.
Over the whole period, general government final consumption expenditure in Latin America & Caribbean peaked at 1.19 trillion current US$ in 2025 and was at its lowest, 8.03 billion current US$, in 1960.
Latin America & Caribbean ranks 18th of 41 groups on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
General government final consumption expenditure in Latin America & Caribbean, year by year
| Year | current US$ | Change |
|---|---|---|
| 1960 | 8.03 billion current US$ | — |
| 1961 | 8.37 billion current US$ | +4.2% |
| 1962 | 9.81 billion current US$ | +17.3% |
| 1963 | 10.51 billion current US$ | +7.1% |
| 1964 | 10.29 billion current US$ | -2.1% |
| 1965 | 11.24 billion current US$ | +9.3% |
| 1966 | 13.47 billion current US$ | +19.8% |
| 1967 | 13.59 billion current US$ | +0.9% |
| 1968 | 14.60 billion current US$ | +7.4% |
| 1969 | 16.28 billion current US$ | +11.5% |
| 1970 | 18.75 billion current US$ | +15.2% |
| 1971 | 21.80 billion current US$ | +16.3% |
| 1972 | 24.51 billion current US$ | +12.4% |
| 1973 | 32.53 billion current US$ | +32.7% |
| 1974 | 42.46 billion current US$ | +30.5% |
| 1975 | 46.34 billion current US$ | +9.1% |
| 1976 | 50.04 billion current US$ | +8.0% |
| 1977 | 52.69 billion current US$ | +5.3% |
| 1978 | 65.00 billion current US$ | +23.4% |
| 1979 | 72.90 billion current US$ | +12.2% |
| 1980 | 84.74 billion current US$ | +16.2% |
| 1981 | 101.16 billion current US$ | +19.4% |
| 1982 | 94.87 billion current US$ | -6.2% |
| 1983 | 77.93 billion current US$ | -17.9% |
| 1984 | 76.47 billion current US$ | -1.9% |
| 1985 | 79.92 billion current US$ | +4.5% |
| 1986 | 83.75 billion current US$ | +4.8% |
| 1987 | 93.30 billion current US$ | +11.4% |
| 1988 | 101.96 billion current US$ | +9.3% |
| 1989 | 124.85 billion current US$ | +22.4% |
| 1990 | 143.10 billion current US$ | +14.6% |
| 1991 | 139.09 billion current US$ | -2.8% |
| 1992 | 145.74 billion current US$ | +4.8% |
| 1993 | 196.26 billion current US$ | +34.7% |
| 1994 | 239.89 billion current US$ | +22.2% |
| 1995 | 298.55 billion current US$ | +24.5% |
| 1996 | 315.11 billion current US$ | +5.5% |
| 1997 | 337.49 billion current US$ | +7.1% |
| 1998 | 344.88 billion current US$ | +2.2% |
| 1999 | 299.25 billion current US$ | -13.2% |
| 2000 | 316.13 billion current US$ | +5.6% |
| 2001 | 309.76 billion current US$ | -2.0% |
| 2002 | 281.89 billion current US$ | -9.0% |
| 2003 | 292.24 billion current US$ | +3.7% |
| 2004 | 326.16 billion current US$ | +11.6% |
| 2005 | 402.07 billion current US$ | +23.3% |
| 2006 | 472.54 billion current US$ | +17.5% |
| 2007 | 566.08 billion current US$ | +19.8% |
| 2008 | 666.16 billion current US$ | +17.7% |
| 2009 | 675.28 billion current US$ | +1.4% |
| 2010 | 822.38 billion current US$ | +21.8% |
| 2011 | 952.70 billion current US$ | +15.8% |
| 2012 | 948.34 billion current US$ | -0.5% |
| 2013 | 991.84 billion current US$ | +4.6% |
| 2014 | 1.00 trillion current US$ | +1.2% |
| 2015 | 874.37 billion current US$ | -12.9% |
| 2016 | 863.30 billion current US$ | -1.3% |
| 2017 | 959.38 billion current US$ | +11.1% |
| 2018 | 912.30 billion current US$ | -4.9% |
| 2019 | 903.17 billion current US$ | -1.0% |
| 2020 | 807.36 billion current US$ | -10.6% |
| 2021 | 867.20 billion current US$ | +7.4% |
| 2022 | 967.54 billion current US$ | +11.6% |
| 2023 | 1.11 trillion current US$ | +14.9% |
| 2024 | 1.12 trillion current US$ | +0.9% |
| 2025 | 1.19 trillion current US$ | +6.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 11.62 billion current US$ | 8.03 billion current US$ | 16.28 billion current US$ | 10 |
| 1970s | 42.70 billion current US$ | 18.75 billion current US$ | 72.90 billion current US$ | 10 |
| 1980s | 91.90 billion current US$ | 76.47 billion current US$ | 124.85 billion current US$ | 10 |
| 1990s | 245.94 billion current US$ | 139.09 billion current US$ | 344.88 billion current US$ | 10 |
| 2000s | 430.83 billion current US$ | 281.89 billion current US$ | 675.28 billion current US$ | 10 |
| 2010s | 923.15 billion current US$ | 822.38 billion current US$ | 1.00 trillion current US$ | 10 |
| 2020s | 1.01 trillion current US$ | 807.36 billion current US$ | 1.19 trillion current US$ | 6 |
Countries ranked near Latin America & Caribbean
- 15 Republic of Korea 330.43 billion current US$ compare
- 16 Saudi Arabia 263.17 billion current US$ compare
- 17 Türkiye 221.44 billion current US$ compare
- 18 Poland 220.69 billion current US$ compare
- 19 Mexico 216.08 billion current US$ compare
- 20 Sweden 176.83 billion current US$ compare
- 21 Belgium 173.77 billion current US$ compare
More economy & growth data for Latin America & Caribbean
- Manufacturing, value added 17.1% (2025)
- Trade 49.1% (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per 8,438 constant 2015 US$ per person (2025)
- Agriculture, forestry, and fishing, value added 363.36 billion constant 2015 US$ (2025)
- Agriculture, forestry, and fishing, value added 7.1% (2025)
- GDP (current US$), annual growth rate 4.33 % change on previous year (2025)
- Manufacturing, value added 1.26 trillion current US$ (2025)
- Manufacturing, value added 957.00 billion constant 2015 US$ (2025)
- GDP (current US$), per capita 11,095 current US$ per person (2025)
- Industry (including construction), value added 30.3% (2025)
Frequently asked questions
- What is general government final consumption expenditure in Latin America & Caribbean?
- General government final consumption expenditure in Latin America & Caribbean was 1.19 trillion current US$ in 2025, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest general government final consumption expenditure recorded in Latin America & Caribbean?
- The highest recorded value was 1.19 trillion current US$ in 2025.
- What is the lowest general government final consumption expenditure recorded in Latin America & Caribbean?
- The lowest recorded value was 8.03 billion current US$ in 1960.
- How does Latin America & Caribbean rank for general government final consumption expenditure?
- Latin America & Caribbean ranks 18th out of 41 groups with data for 2025.
- Is general government final consumption expenditure rising or falling in Latin America & Caribbean?
- Over the last ten years it is up 35.9%. The long-run trend across the full record is volatile.
- Where does this Latin America & Caribbean 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.