Gross national expenditure in North America
North America: Gross national expenditure was 25.71 trillion constant 2015 US$ in 2024. ▲ Rising
Latest (2024)
25.71 trillion constant 2015 US$
Change on year
up 3.0%
Rank
12th
of 39 groups
All-time high
25.71 trillion constant 2015 US$
in 2024
All-time low
5.73 trillion constant 2015 US$
in 1970
Years of data
55
1970–2024
Gross national expenditure in North America, 1970–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant 2015 US$.
Analysis
The most recent figure for gross national expenditure in North America is 25.71 trillion constant 2015 US$, measured in 2024. That is the highest value across all 55 years on record.
Compared with earlier readings it is up 3.0% on the previous year and up 30.1% over ten years.
Over the whole period, gross national expenditure in North America peaked at 25.71 trillion constant 2015 US$ in 2024 and was at its lowest, 5.73 trillion constant 2015 US$, in 1970.
North America ranks 12th of 39 groups on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 55 years of available data.
Gross national expenditure in North America, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 1970 | 5.73 trillion constant 2015 US$ | — |
| 1971 | 5.93 trillion constant 2015 US$ | +3.5% |
| 1972 | 6.25 trillion constant 2015 US$ | +5.3% |
| 1973 | 6.54 trillion constant 2015 US$ | +4.7% |
| 1974 | 6.52 trillion constant 2015 US$ | -0.4% |
| 1975 | 6.53 trillion constant 2015 US$ | +0.2% |
| 1976 | 6.90 trillion constant 2015 US$ | +5.8% |
| 1977 | 7.23 trillion constant 2015 US$ | +4.7% |
| 1978 | 7.57 trillion constant 2015 US$ | +4.7% |
| 1979 | 7.76 trillion constant 2015 US$ | +2.5% |
| 1980 | 7.67 trillion constant 2015 US$ | -1.2% |
| 1981 | 7.85 trillion constant 2015 US$ | +2.4% |
| 1982 | 7.78 trillion constant 2015 US$ | -0.9% |
| 1983 | 8.21 trillion constant 2015 US$ | +5.5% |
| 1984 | 8.81 trillion constant 2015 US$ | +7.4% |
| 1985 | 9.22 trillion constant 2015 US$ | +4.7% |
| 1986 | 9.57 trillion constant 2015 US$ | +3.7% |
| 1987 | 9.88 trillion constant 2015 US$ | +3.2% |
| 1988 | 10.22 trillion constant 2015 US$ | +3.5% |
| 1989 | 10.54 trillion constant 2015 US$ | +3.1% |
| 1990 | 10.69 trillion constant 2015 US$ | +1.4% |
| 1991 | 10.63 trillion constant 2015 US$ | -0.6% |
| 1992 | 10.97 trillion constant 2015 US$ | +3.2% |
| 1993 | 11.31 trillion constant 2015 US$ | +3.1% |
| 1994 | 11.78 trillion constant 2015 US$ | +4.1% |
| 1995 | 12.07 trillion constant 2015 US$ | +2.5% |
| 1996 | 12.50 trillion constant 2015 US$ | +3.6% |
| 1997 | 13.09 trillion constant 2015 US$ | +4.7% |
| 1998 | 13.77 trillion constant 2015 US$ | +5.2% |
| 1999 | 14.52 trillion constant 2015 US$ | +5.4% |
| 2000 | 15.21 trillion constant 2015 US$ | +4.8% |
| 2001 | 15.40 trillion constant 2015 US$ | +1.3% |
| 2002 | 15.77 trillion constant 2015 US$ | +2.4% |
| 2003 | 16.28 trillion constant 2015 US$ | +3.2% |
| 2004 | 16.96 trillion constant 2015 US$ | +4.2% |
| 2005 | 17.59 trillion constant 2015 US$ | +3.7% |
| 2006 | 18.08 trillion constant 2015 US$ | +2.8% |
| 2007 | 18.37 trillion constant 2015 US$ | +1.6% |
| 2008 | 18.27 trillion constant 2015 US$ | -0.5% |
| 2009 | 17.66 trillion constant 2015 US$ | -3.3% |
| 2010 | 18.22 trillion constant 2015 US$ | +3.2% |
| 2011 | 18.51 trillion constant 2015 US$ | +1.6% |
| 2012 | 18.89 trillion constant 2015 US$ | +2.1% |
| 2013 | 19.25 trillion constant 2015 US$ | +1.9% |
| 2014 | 19.76 trillion constant 2015 US$ | +2.7% |
| 2015 | 20.42 trillion constant 2015 US$ | +3.3% |
| 2016 | 20.79 trillion constant 2015 US$ | +1.8% |
| 2017 | 21.35 trillion constant 2015 US$ | +2.7% |
| 2018 | 22.02 trillion constant 2015 US$ | +3.1% |
| 2019 | 22.57 trillion constant 2015 US$ | +2.5% |
| 2020 | 22.09 trillion constant 2015 US$ | -2.1% |
| 2021 | 23.69 trillion constant 2015 US$ | +7.2% |
| 2022 | 24.41 trillion constant 2015 US$ | +3.0% |
| 2023 | 24.96 trillion constant 2015 US$ | +2.3% |
| 2024 | 25.71 trillion constant 2015 US$ | +3.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 6.69 trillion constant 2015 US$ | 5.73 trillion constant 2015 US$ | 7.76 trillion constant 2015 US$ | 10 |
| 1980s | 8.98 trillion constant 2015 US$ | 7.67 trillion constant 2015 US$ | 10.54 trillion constant 2015 US$ | 10 |
| 1990s | 12.13 trillion constant 2015 US$ | 10.63 trillion constant 2015 US$ | 14.52 trillion constant 2015 US$ | 10 |
| 2000s | 16.96 trillion constant 2015 US$ | 15.21 trillion constant 2015 US$ | 18.37 trillion constant 2015 US$ | 10 |
| 2010s | 20.18 trillion constant 2015 US$ | 18.22 trillion constant 2015 US$ | 22.57 trillion constant 2015 US$ | 10 |
| 2020s | 24.17 trillion constant 2015 US$ | 22.09 trillion constant 2015 US$ | 25.71 trillion constant 2015 US$ | 5 |
Countries ranked near North America
- 9 Italy 2.02 trillion constant 2015 US$ compare
- 10 Canada 1.95 trillion constant 2015 US$ compare
- 11 Republic of Korea 1.78 trillion constant 2015 US$ compare
- 12 Russian Federation 1.69 trillion constant 2015 US$ compare
- 13 Mexico 1.44 trillion constant 2015 US$ compare
- 14 Spain 1.42 trillion constant 2015 US$ compare
- 15 Indonesia 1.26 trillion constant 2015 US$ compare
More economy & growth data for North America
- Industry (including construction), value added 4.69 trillion current US$ (2021)
- Imports of goods and services 5.0% (2024)
- Imports of goods and services 15.4% (2024)
- External balance on goods and services -2.8% (2024)
- Trade 28.5% (2024)
- Manufacturing, value added 2.69 trillion current US$ (2021)
- Trade in services 7.5% (2025)
- Gross value added at basic prices (GVA) 24.38 trillion current US$ (2021)
- Inflation, GDP deflator 2.7% (2025)
- Services, value added 75.5% (2021)
Frequently asked questions
- What is gross national expenditure in North America?
- Gross national expenditure in North America was 25.71 trillion constant 2015 US$ in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross national expenditure recorded in North America?
- The highest recorded value was 25.71 trillion constant 2015 US$ in 2024.
- What is the lowest gross national expenditure recorded in North America?
- The lowest recorded value was 5.73 trillion constant 2015 US$ in 1970.
- How does North America rank for gross national expenditure?
- North America ranks 12th out of 39 groups with data for 2024.
- Is gross national expenditure rising or falling in North America?
- Over the last ten years it is up 30.1%. The long-run trend across the full record is rising.
- Where does this North America data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Gross national expenditure (constant 2015 US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 55 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Gross national expenditure is the sum of household final consumption expenditure, general government final consumption expenditure, and gross capital formation. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.