Gross national expenditure in Low & middle income
Low & middle income: Gross national expenditure was 39.85 trillion current US$ in 2024. ◆ Volatile
Latest (2024)
39.85 trillion current US$
Change on year
up 4.1%
Rank
7th
of 41 groups
All-time high
39.85 trillion current US$
in 2024
All-time low
268.08 billion current US$
in 1960
Years of data
65
1960–2024
Gross national expenditure in Low & middle income, 1960–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current US$.
Analysis
The most recent figure for gross national expenditure in Low & middle income is 39.85 trillion current US$, measured in 2024. That is the highest value across all 65 years on record.
The figure is up 4.1% on the previous year and up 50.2% over ten years.
Over the whole period, gross national expenditure in Low & middle income peaked at 39.85 trillion current US$ in 2024 and was at its lowest, 268.08 billion current US$, in 1960.
That places Low & middle income 7th out of 41 groups with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross national expenditure in Low & middle income, year by year
| Year | current US$ | Change |
|---|---|---|
| 1960 | 268.08 billion current US$ | — |
| 1961 | 269.52 billion current US$ | +0.5% |
| 1962 | 277.50 billion current US$ | +3.0% |
| 1963 | 305.56 billion current US$ | +10.1% |
| 1964 | 342.40 billion current US$ | +12.1% |
| 1965 | 372.91 billion current US$ | +8.9% |
| 1966 | 384.33 billion current US$ | +3.1% |
| 1967 | 397.88 billion current US$ | +3.5% |
| 1968 | 420.89 billion current US$ | +5.8% |
| 1969 | 464.53 billion current US$ | +10.4% |
| 1970 | 516.29 billion current US$ | +11.1% |
| 1971 | 565.82 billion current US$ | +9.6% |
| 1972 | 626.76 billion current US$ | +10.8% |
| 1973 | 784.91 billion current US$ | +25.2% |
| 1974 | 999.26 billion current US$ | +27.3% |
| 1975 | 1.13 trillion current US$ | +13.3% |
| 1976 | 1.20 trillion current US$ | +6.2% |
| 1977 | 1.36 trillion current US$ | +13.2% |
| 1978 | 1.52 trillion current US$ | +12.0% |
| 1979 | 1.73 trillion current US$ | +13.6% |
| 1980 | 2.06 trillion current US$ | +18.8% |
| 1981 | 2.27 trillion current US$ | +10.7% |
| 1982 | 2.25 trillion current US$ | -1.2% |
| 1983 | 2.20 trillion current US$ | -2.1% |
| 1984 | 2.27 trillion current US$ | +3.0% |
| 1985 | 2.34 trillion current US$ | +3.3% |
| 1986 | 2.48 trillion current US$ | +5.8% |
| 1987 | 2.50 trillion current US$ | +1.1% |
| 1988 | 2.73 trillion current US$ | +9.1% |
| 1989 | 2.91 trillion current US$ | +6.5% |
| 1990 | 3.36 trillion current US$ | +15.7% |
| 1991 | 3.27 trillion current US$ | -2.8% |
| 1992 | 3.47 trillion current US$ | +6.2% |
| 1993 | 3.75 trillion current US$ | +7.9% |
| 1994 | 4.19 trillion current US$ | +11.8% |
| 1995 | 4.77 trillion current US$ | +13.9% |
| 1996 | 5.24 trillion current US$ | +9.7% |
| 1997 | 5.53 trillion current US$ | +5.6% |
| 1998 | 5.40 trillion current US$ | -2.4% |
| 1999 | 5.33 trillion current US$ | -1.2% |
| 2000 | 5.74 trillion current US$ | +7.7% |
| 2001 | 5.78 trillion current US$ | +0.6% |
| 2002 | 5.83 trillion current US$ | +0.9% |
| 2003 | 6.55 trillion current US$ | +12.4% |
| 2004 | 7.66 trillion current US$ | +17.0% |
| 2005 | 8.95 trillion current US$ | +16.9% |
| 2006 | 10.41 trillion current US$ | +16.2% |
| 2007 | 12.84 trillion current US$ | +23.4% |
| 2008 | 15.27 trillion current US$ | +19.0% |
| 2009 | 15.59 trillion current US$ | +2.1% |
| 2010 | 18.92 trillion current US$ | +21.4% |
| 2011 | 22.40 trillion current US$ | +18.4% |
| 2012 | 23.93 trillion current US$ | +6.8% |
| 2013 | 25.40 trillion current US$ | +6.2% |
| 2014 | 26.53 trillion current US$ | +4.4% |
| 2015 | 25.68 trillion current US$ | -3.2% |
| 2016 | 26.01 trillion current US$ | +1.3% |
| 2017 | 28.47 trillion current US$ | +9.4% |
| 2018 | 30.39 trillion current US$ | +6.8% |
| 2019 | 31.06 trillion current US$ | +2.2% |
| 2020 | 30.03 trillion current US$ | -3.3% |
| 2021 | 35.30 trillion current US$ | +17.6% |
| 2022 | 36.83 trillion current US$ | +4.3% |
| 2023 | 38.28 trillion current US$ | +3.9% |
| 2024 | 39.85 trillion current US$ | +4.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 350.36 billion current US$ | 268.08 billion current US$ | 464.53 billion current US$ | 10 |
| 1970s | 1.04 trillion current US$ | 516.29 billion current US$ | 1.73 trillion current US$ | 10 |
| 1980s | 2.40 trillion current US$ | 2.06 trillion current US$ | 2.91 trillion current US$ | 10 |
| 1990s | 4.43 trillion current US$ | 3.27 trillion current US$ | 5.53 trillion current US$ | 10 |
| 2000s | 9.46 trillion current US$ | 5.74 trillion current US$ | 15.59 trillion current US$ | 10 |
| 2010s | 25.88 trillion current US$ | 18.92 trillion current US$ | 31.06 trillion current US$ | 10 |
| 2020s | 36.06 trillion current US$ | 30.03 trillion current US$ | 39.85 trillion current US$ | 5 |
Countries ranked near Low & middle income
- 4 Japan 4.23 trillion current US$ compare
- 5 United Kingdom 4.06 trillion current US$ compare
- 6 India 4.04 trillion current US$ compare
- 7 France 3.38 trillion current US$ compare
- 8 Italy 2.50 trillion current US$ compare
- 9 Russia 2.47 trillion current US$ compare
- 10 Canada 2.34 trillion current US$ compare
More economy & growth data for Low & middle income
- Households and NPISHs final consumption expenditure 52.9% (2024)
- Households and NPISHs Final consumption expenditure per capita 2,984 constant 2015 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)
- Final consumption expenditure 26.18 trillion constant 2015 US$ (2025)
- Gross national expenditure 38.54 trillion constant 2015 US$ (2025)
- Final consumption expenditure 4.4% (2025)
- Households and NPISHs Final consumption expenditure 4.7% (2024)
- Final consumption expenditure 26.76 trillion current US$ (2024)
Frequently asked questions
- What is gross national expenditure in Low & middle income?
- Gross national expenditure in Low & middle income was 39.85 trillion current US$ in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross national expenditure recorded in Low & middle income?
- The highest recorded value was 39.85 trillion current US$ in 2024.
- What is the lowest gross national expenditure recorded in Low & middle income?
- The lowest recorded value was 268.08 billion current US$ in 1960.
- How does Low & middle income rank for gross national expenditure?
- Low & middle income ranks 7th out of 41 groups with data for 2024.
- Is gross national expenditure rising or falling in Low & middle income?
- Over the last ten years it is up 50.2%. 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 Gross national expenditure (current US$). Statizoid updates them automatically from the source API.
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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 current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.