General government final consumption expenditure (current US$) in Upper middle income
Upper middle income: General government final consumption expenditure (current US$) was 5.09 trillion current US$ in 2024. ◆ Volatile
General government final consumption expenditure in Upper middle income, 1960–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current US$.
Analysis
The most recent figure for general government final consumption expenditure in Upper middle income is 5.09 trillion current US$, measured in 2024. That is the highest value across all 65 years on record.
That represents a change of up 1.9% on the previous year and up 53.3% over ten years.
Over the whole period, general government final consumption expenditure in Upper middle income peaked at 5.09 trillion current US$ in 2024 and was at its lowest, 20.25 billion current US$, in 1960.
That places Upper middle income 11th out of 43 groups with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
General government final consumption expenditure (current US$) in Upper middle income, year by year
| Year | current US$ | Change |
|---|---|---|
| 1960 | 20.25 billion current US$ | — |
| 1961 | 20.30 billion current US$ | +0.2% |
| 1962 | 20.29 billion current US$ | -0.0% |
| 1963 | 22.65 billion current US$ | +11.6% |
| 1964 | 24.08 billion current US$ | +6.3% |
| 1965 | 26.64 billion current US$ | +10.6% |
| 1966 | 30.76 billion current US$ | +15.4% |
| 1967 | 29.76 billion current US$ | -3.2% |
| 1968 | 31.55 billion current US$ | +6.0% |
| 1969 | 35.92 billion current US$ | +13.9% |
| 1970 | 40.32 billion current US$ | +12.3% |
| 1971 | 46.24 billion current US$ | +14.7% |
| 1972 | 53.18 billion current US$ | +15.0% |
| 1973 | 69.12 billion current US$ | +30.0% |
| 1974 | 91.08 billion current US$ | +31.8% |
| 1975 | 105.98 billion current US$ | +16.4% |
| 1976 | 115.56 billion current US$ | +9.0% |
| 1977 | 126.33 billion current US$ | +9.3% |
| 1978 | 145.08 billion current US$ | +14.8% |
| 1979 | 165.24 billion current US$ | +13.9% |
| 1980 | 188.37 billion current US$ | +14.0% |
| 1981 | 211.82 billion current US$ | +12.4% |
| 1982 | 217.54 billion current US$ | +2.7% |
| 1983 | 211.26 billion current US$ | -2.9% |
| 1984 | 217.83 billion current US$ | +3.1% |
| 1985 | 229.39 billion current US$ | +5.3% |
| 1986 | 241.88 billion current US$ | +5.4% |
| 1987 | 239.56 billion current US$ | -1.0% |
| 1988 | 254.88 billion current US$ | +6.4% |
| 1989 | 289.19 billion current US$ | +13.5% |
| 1990 | 324.81 billion current US$ | +12.3% |
| 1991 | 308.42 billion current US$ | -5.0% |
| 1992 | 327.63 billion current US$ | +6.2% |
| 1993 | 378.58 billion current US$ | +15.6% |
| 1994 | 430.94 billion current US$ | +13.8% |
| 1995 | 520.40 billion current US$ | +20.8% |
| 1996 | 561.20 billion current US$ | +7.8% |
| 1997 | 605.73 billion current US$ | +7.9% |
| 1998 | 613.92 billion current US$ | +1.4% |
| 1999 | 599.47 billion current US$ | -2.4% |
| 2000 | 641.03 billion current US$ | +6.9% |
| 2001 | 650.00 billion current US$ | +1.4% |
| 2002 | 652.54 billion current US$ | +0.4% |
| 2003 | 716.41 billion current US$ | +9.8% |
| 2004 | 826.45 billion current US$ | +15.4% |
| 2005 | 986.45 billion current US$ | +19.4% |
| 2006 | 1.17 trillion current US$ | +18.6% |
| 2007 | 1.44 trillion current US$ | +23.4% |
| 2008 | 1.76 trillion current US$ | +22.0% |
| 2009 | 1.87 trillion current US$ | +6.1% |
| 2010 | 2.24 trillion current US$ | +19.6% |
| 2011 | 2.74 trillion current US$ | +22.7% |
| 2012 | 2.97 trillion current US$ | +8.2% |
| 2013 | 3.18 trillion current US$ | +7.3% |
| 2014 | 3.32 trillion current US$ | +4.3% |
| 2015 | 3.28 trillion current US$ | -1.3% |
| 2016 | 3.32 trillion current US$ | +1.3% |
| 2017 | 3.63 trillion current US$ | +9.3% |
| 2018 | 3.90 trillion current US$ | +7.6% |
| 2019 | 4.04 trillion current US$ | +3.5% |
| 2020 | 4.08 trillion current US$ | +0.9% |
| 2021 | 4.52 trillion current US$ | +10.7% |
| 2022 | 4.70 trillion current US$ | +4.1% |
| 2023 | 5.00 trillion current US$ | +6.3% |
| 2024 | 5.09 trillion current US$ | +1.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 26.22 billion current US$ | 20.25 billion current US$ | 35.92 billion current US$ | 10 |
| 1970s | 95.81 billion current US$ | 40.32 billion current US$ | 165.24 billion current US$ | 10 |
| 1980s | 230.17 billion current US$ | 188.37 billion current US$ | 289.19 billion current US$ | 10 |
| 1990s | 467.11 billion current US$ | 308.42 billion current US$ | 613.92 billion current US$ | 10 |
| 2000s | 1.07 trillion current US$ | 641.03 billion current US$ | 1.87 trillion current US$ | 10 |
| 2010s | 3.26 trillion current US$ | 2.24 trillion current US$ | 4.04 trillion current US$ | 10 |
| 2020s | 4.68 trillion current US$ | 4.08 trillion current US$ | 5.09 trillion current US$ | 5 |
Countries ranked near Upper middle income
- 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
- 12 Australia 416.33 billion current US$ compare
- 13 Spain 366.08 billion current US$ compare
- 14 Netherlands 344.80 billion current US$ compare
More economy & growth data for Upper middle income
- Foreign direct investment, net outflows (BoP, current US$), gaps 228.01 billion BoP, current US$ (2025)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) 3.62 % change on previous year (2025)
- Gross capital formation (current US$), per unit of GDP 0.3372 current US$ per US$ of GDP (2024)
- Gross capital formation (current US$), per capita 3,522 current US$ per person (2024)
- Gross capital formation (constant 2015 US$), annual growth rate 2.14 % change on previous year (2025)
- Gross capital formation (constant 2015 US$), per unit of GDP 0.3068 constant 2015 US$ per US$ of GDP (2025)
- Gross capital formation (constant 2015 US$), per capita 3,341 constant 2015 US$ per person (2025)
- Imports of goods and services (current US$), annual growth rate 4.7 % change on previous year (2025)
- Imports of goods and services (current US$), per unit of GDP 0.2376 current US$ per US$ of GDP (2025)
- Imports of goods and services (current US$), per capita 2,587 current US$ per person (2025)
Frequently asked questions
- What is general government final consumption expenditure in Upper middle income?
- General government final consumption expenditure in Upper middle income was 5.09 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 Upper middle income?
- The highest recorded value was 5.09 trillion current US$ in 2024.
- What is the lowest general government final consumption expenditure recorded in Upper middle income?
- The lowest recorded value was 20.25 billion current US$ in 1960.
- How does Upper middle income rank for general government final consumption expenditure?
- Upper middle income ranks 11th out of 43 groups with data for 2024.
- Is general government final consumption expenditure rising or falling in Upper middle income?
- Over the last ten years it is up 53.3%. 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 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.