General government final consumption expenditure in Low & middle income
Low & middle income: General government final consumption expenditure was 6.03 trillion current US$ in 2024. ◆ Volatile
General government final consumption expenditure in Low & middle income, 1960–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current US$.
Analysis
In 2024, general government final consumption expenditure in Low & middle income stood at 6.03 trillion current US$. That is the highest value across all 65 years on record.
That represents a change of up 2.4% on the previous year and up 53.0% over ten years.
Over the whole period, general government final consumption expenditure in Low & middle income peaked at 6.03 trillion current US$ in 2024 and was at its lowest, 28.00 billion current US$, in 1960.
Low & middle income ranks 8th of 41 groups on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
General government final consumption expenditure in Low & middle income, year by year
| Year | current US$ | Change |
|---|---|---|
| 1960 | 28.00 billion current US$ | — |
| 1961 | 28.59 billion current US$ | +2.1% |
| 1962 | 29.49 billion current US$ | +3.2% |
| 1963 | 33.72 billion current US$ | +14.4% |
| 1964 | 35.99 billion current US$ | +6.7% |
| 1965 | 40.00 billion current US$ | +11.1% |
| 1966 | 43.57 billion current US$ | +8.9% |
| 1967 | 43.02 billion current US$ | -1.3% |
| 1968 | 46.44 billion current US$ | +7.9% |
| 1969 | 52.50 billion current US$ | +13.0% |
| 1970 | 58.49 billion current US$ | +11.4% |
| 1971 | 67.20 billion current US$ | +14.9% |
| 1972 | 75.97 billion current US$ | +13.1% |
| 1973 | 94.41 billion current US$ | +24.3% |
| 1974 | 121.42 billion current US$ | +28.6% |
| 1975 | 142.65 billion current US$ | +17.5% |
| 1976 | 156.16 billion current US$ | +9.5% |
| 1977 | 171.22 billion current US$ | +9.6% |
| 1978 | 196.53 billion current US$ | +14.8% |
| 1979 | 225.41 billion current US$ | +14.7% |
| 1980 | 261.05 billion current US$ | +15.8% |
| 1981 | 287.54 billion current US$ | +10.1% |
| 1982 | 295.58 billion current US$ | +2.8% |
| 1983 | 290.47 billion current US$ | -1.7% |
| 1984 | 294.56 billion current US$ | +1.4% |
| 1985 | 312.04 billion current US$ | +5.9% |
| 1986 | 333.03 billion current US$ | +6.7% |
| 1987 | 336.85 billion current US$ | +1.1% |
| 1988 | 355.99 billion current US$ | +5.7% |
| 1989 | 389.24 billion current US$ | +9.3% |
| 1990 | 431.31 billion current US$ | +10.8% |
| 1991 | 409.57 billion current US$ | -5.0% |
| 1992 | 431.03 billion current US$ | +5.2% |
| 1993 | 483.76 billion current US$ | +12.2% |
| 1994 | 538.90 billion current US$ | +11.4% |
| 1995 | 638.55 billion current US$ | +18.5% |
| 1996 | 687.52 billion current US$ | +7.7% |
| 1997 | 741.49 billion current US$ | +7.9% |
| 1998 | 757.07 billion current US$ | +2.1% |
| 1999 | 749.65 billion current US$ | -1.0% |
| 2000 | 797.46 billion current US$ | +6.4% |
| 2001 | 807.23 billion current US$ | +1.2% |
| 2002 | 814.24 billion current US$ | +0.9% |
| 2003 | 898.38 billion current US$ | +10.3% |
| 2004 | 1.03 trillion current US$ | +14.7% |
| 2005 | 1.22 trillion current US$ | +18.4% |
| 2006 | 1.44 trillion current US$ | +17.7% |
| 2007 | 1.77 trillion current US$ | +23.3% |
| 2008 | 2.13 trillion current US$ | +20.4% |
| 2009 | 2.28 trillion current US$ | +7.0% |
| 2010 | 2.71 trillion current US$ | +18.6% |
| 2011 | 3.28 trillion current US$ | +21.3% |
| 2012 | 3.52 trillion current US$ | +7.3% |
| 2013 | 3.77 trillion current US$ | +6.9% |
| 2014 | 3.94 trillion current US$ | +4.7% |
| 2015 | 3.89 trillion current US$ | -1.3% |
| 2016 | 3.95 trillion current US$ | +1.6% |
| 2017 | 4.33 trillion current US$ | +9.4% |
| 2018 | 4.63 trillion current US$ | +6.9% |
| 2019 | 4.79 trillion current US$ | +3.7% |
| 2020 | 4.84 trillion current US$ | +0.9% |
| 2021 | 5.34 trillion current US$ | +10.4% |
| 2022 | 5.59 trillion current US$ | +4.7% |
| 2023 | 5.89 trillion current US$ | +5.4% |
| 2024 | 6.03 trillion current US$ | +2.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 38.13 billion current US$ | 28.00 billion current US$ | 52.50 billion current US$ | 10 |
| 1970s | 130.95 billion current US$ | 58.49 billion current US$ | 225.41 billion current US$ | 10 |
| 1980s | 315.63 billion current US$ | 261.05 billion current US$ | 389.24 billion current US$ | 10 |
| 1990s | 586.88 billion current US$ | 409.57 billion current US$ | 757.07 billion current US$ | 10 |
| 2000s | 1.32 trillion current US$ | 797.46 billion current US$ | 2.28 trillion current US$ | 10 |
| 2010s | 3.88 trillion current US$ | 2.71 trillion current US$ | 4.79 trillion current US$ | 10 |
| 2020s | 5.54 trillion current US$ | 4.84 trillion current US$ | 6.03 trillion current US$ | 5 |
Countries ranked near Low & middle income
- 5 Japan 844.05 billion current US$ compare
- 6 France 820.11 billion current US$ compare
- 7 Canada 508.18 billion current US$ compare
- 8 Russia 489.23 billion current US$ compare
- 9 Italy 465.68 billion current US$ compare
- 10 Brazil 436.24 billion current US$ compare
- 11 India 426.05 billion current US$ compare
More economy & growth data for Low & middle income
- Final consumption expenditure 26.76 trillion current US$ (2024)
- Households and NPISHs Final consumption expenditure per capita growth 3.6% (2024)
- Services, value added 22.45 trillion constant 2015 US$ (2025)
- Services, value added 23.90 trillion current US$ (2025)
- Households and NPISHs final consumption expenditure 52.9% (2024)
- Final consumption expenditure 4.4% (2025)
- Gross national expenditure 38.54 trillion constant 2015 US$ (2025)
- Gross national expenditure 39.85 trillion current US$ (2024)
- Households and NPISHs Final consumption expenditure per capita 2,984 constant 2015 US$ (2024)
- Final consumption expenditure 26.18 trillion constant 2015 US$ (2025)
Frequently asked questions
- What is general government final consumption expenditure in Low & middle income?
- General government final consumption expenditure in Low & middle income was 6.03 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 Low & middle income?
- The highest recorded value was 6.03 trillion current US$ in 2024.
- What is the lowest general government final consumption expenditure recorded in Low & middle income?
- The lowest recorded value was 28.00 billion current US$ in 1960.
- How does Low & middle income rank for general government final consumption expenditure?
- Low & middle income ranks 8th out of 41 groups with data for 2024.
- Is general government final consumption expenditure rising or falling in Low & middle income?
- Over the last ten years it is up 53.0%. The long-run trend across the full record is volatile.
- Where does this Low & middle 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.