General government final consumption expenditure in World
World: General government final consumption expenditure was 18.65 trillion current US$ in 2024. ◆ Volatile
General government final consumption expenditure in World, 1970–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current US$.
Analysis
World recorded 18.65 trillion current US$ for general government final consumption expenditure in 2024. That is the highest value across all 55 years on record.
Compared with earlier readings it is up 4.4% on the previous year and up 37.5% over ten years.
Over the whole period, general government final consumption expenditure in World peaked at 18.65 trillion current US$ in 2024 and was at its lowest, 475.83 billion current US$, in 1970.
That places World 1st out of 43 groups with data for 2024, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
General government final consumption expenditure in World, year by year
| Year | current US$ | Change |
|---|---|---|
| 1970 | 475.83 billion current US$ | — |
| 1971 | 539.53 billion current US$ | +13.4% |
| 1972 | 621.41 billion current US$ | +15.2% |
| 1973 | 739.80 billion current US$ | +19.1% |
| 1974 | 871.68 billion current US$ | +17.8% |
| 1975 | 1.03 trillion current US$ | +18.6% |
| 1976 | 1.10 trillion current US$ | +6.8% |
| 1977 | 1.24 trillion current US$ | +11.9% |
| 1978 | 1.46 trillion current US$ | +18.4% |
| 1979 | 1.68 trillion current US$ | +14.8% |
| 1980 | 1.92 trillion current US$ | +14.3% |
| 1981 | 1.98 trillion current US$ | +3.1% |
| 1982 | 2.01 trillion current US$ | +1.7% |
| 1983 | 2.05 trillion current US$ | +1.9% |
| 1984 | 2.07 trillion current US$ | +1.0% |
| 1985 | 2.18 trillion current US$ | +5.1% |
| 1986 | 2.61 trillion current US$ | +19.9% |
| 1987 | 2.98 trillion current US$ | +14.2% |
| 1988 | 3.26 trillion current US$ | +9.4% |
| 1989 | 3.39 trillion current US$ | +4.1% |
| 1990 | 3.87 trillion current US$ | +13.9% |
| 1991 | 4.07 trillion current US$ | +5.2% |
| 1992 | 4.37 trillion current US$ | +7.4% |
| 1993 | 4.42 trillion current US$ | +1.2% |
| 1994 | 4.67 trillion current US$ | +5.6% |
| 1995 | 5.18 trillion current US$ | +11.0% |
| 1996 | 5.24 trillion current US$ | +1.1% |
| 1997 | 5.14 trillion current US$ | -1.9% |
| 1998 | 5.13 trillion current US$ | -0.2% |
| 1999 | 5.33 trillion current US$ | +4.0% |
| 2000 | 5.44 trillion current US$ | +2.0% |
| 2001 | 5.53 trillion current US$ | +1.7% |
| 2002 | 5.89 trillion current US$ | +6.5% |
| 2003 | 6.71 trillion current US$ | +13.9% |
| 2004 | 7.49 trillion current US$ | +11.7% |
| 2005 | 8.04 trillion current US$ | +7.4% |
| 2006 | 8.63 trillion current US$ | +7.3% |
| 2007 | 9.69 trillion current US$ | +12.2% |
| 2008 | 10.88 trillion current US$ | +12.3% |
| 2009 | 11.00 trillion current US$ | +1.2% |
| 2010 | 11.71 trillion current US$ | +6.4% |
| 2011 | 12.90 trillion current US$ | +10.2% |
| 2012 | 13.04 trillion current US$ | +1.1% |
| 2013 | 13.35 trillion current US$ | +2.4% |
| 2014 | 13.57 trillion current US$ | +1.7% |
| 2015 | 12.68 trillion current US$ | -6.5% |
| 2016 | 12.88 trillion current US$ | +1.6% |
| 2017 | 13.59 trillion current US$ | +5.5% |
| 2018 | 14.47 trillion current US$ | +6.5% |
| 2019 | 14.82 trillion current US$ | +2.4% |
| 2020 | 15.43 trillion current US$ | +4.1% |
| 2021 | 16.85 trillion current US$ | +9.2% |
| 2022 | 16.98 trillion current US$ | +0.8% |
| 2023 | 17.86 trillion current US$ | +5.2% |
| 2024 | 18.65 trillion current US$ | +4.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 976.59 billion current US$ | 475.83 billion current US$ | 1.68 trillion current US$ | 10 |
| 1980s | 2.44 trillion current US$ | 1.92 trillion current US$ | 3.39 trillion current US$ | 10 |
| 1990s | 4.74 trillion current US$ | 3.87 trillion current US$ | 5.33 trillion current US$ | 10 |
| 2000s | 7.93 trillion current US$ | 5.44 trillion current US$ | 11.00 trillion current US$ | 10 |
| 2010s | 13.30 trillion current US$ | 11.71 trillion current US$ | 14.82 trillion current US$ | 10 |
| 2020s | 17.15 trillion current US$ | 15.43 trillion current US$ | 18.65 trillion current US$ | 5 |
Countries ranked near World
- 1 United States 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 849.56 billion current US$ compare
More economy & growth data for World
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.23 Percent per annum (2028)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.11 Percent per annum (2028)
- Foreign direct investment, net outflows (BoP, current US$), gaps 1.49 trillion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0126 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 180.85 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 1.35 trillion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -14.25 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0114 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 163.93 BoP, current US$ per person (2025)
- General government final consumption expenditure (current US$) 4.45 % change on previous year (2024)
Frequently asked questions
- What is general government final consumption expenditure in World?
- General government final consumption expenditure in World was 18.65 trillion current US$ 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 World?
- The highest recorded value was 18.65 trillion current US$ in 2024.
- What is the lowest general government final consumption expenditure recorded in World?
- The lowest recorded value was 475.83 billion current US$ in 1970.
- How does World rank for general government final consumption expenditure?
- World ranks 1st out of 43 groups with data for 2024.
- Is general government final consumption expenditure rising or falling in World?
- Over the last ten years it is up 37.5%. The long-run trend across the full record is volatile.
- Where does this World 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.