Gross national expenditure (current US$) in North America
North America: Gross national expenditure (current US$) was 32.48 trillion current US$ in 2024. ◆ Volatile
Latest (2024)
32.48 trillion current US$
Change on year
up 5.5%
Rank
9th
of 43 groups
All-time high
32.48 trillion current US$
in 2024
All-time low
1.16 trillion current 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 current US$.
Analysis
North America recorded 32.48 trillion current US$ for gross national expenditure in 2024. That is the highest value across all 55 years on record.
Compared with earlier readings it is up 5.5% on the previous year and up 62.8% over ten years.
Over the whole period, gross national expenditure in North America peaked at 32.48 trillion current US$ in 2024 and was at its lowest, 1.16 trillion current US$, in 1970.
That places North America 9th out of 43 groups with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross national expenditure (current US$) in North America, year by year
| Year | current US$ | Change |
|---|---|---|
| 1970 | 1.16 trillion current US$ | — |
| 1971 | 1.26 trillion current US$ | +9.3% |
| 1972 | 1.40 trillion current US$ | +10.5% |
| 1973 | 1.55 trillion current US$ | +11.2% |
| 1974 | 1.71 trillion current US$ | +10.0% |
| 1975 | 1.85 trillion current US$ | +8.2% |
| 1976 | 2.09 trillion current US$ | +12.9% |
| 1977 | 2.32 trillion current US$ | +11.3% |
| 1978 | 2.60 trillion current US$ | +11.9% |
| 1979 | 2.90 trillion current US$ | +11.4% |
| 1980 | 3.14 trillion current US$ | +8.6% |
| 1981 | 3.53 trillion current US$ | +12.2% |
| 1982 | 3.67 trillion current US$ | +4.0% |
| 1983 | 4.02 trillion current US$ | +9.6% |
| 1984 | 4.49 trillion current US$ | +11.6% |
| 1985 | 4.81 trillion current US$ | +7.3% |
| 1986 | 5.09 trillion current US$ | +5.8% |
| 1987 | 5.43 trillion current US$ | +6.7% |
| 1988 | 5.85 trillion current US$ | +7.8% |
| 1989 | 6.30 trillion current US$ | +7.6% |
| 1990 | 6.64 trillion current US$ | +5.4% |
| 1991 | 6.81 trillion current US$ | +2.5% |
| 1992 | 7.15 trillion current US$ | +5.1% |
| 1993 | 7.51 trillion current US$ | +4.9% |
| 1994 | 7.95 trillion current US$ | +6.0% |
| 1995 | 8.32 trillion current US$ | +4.6% |
| 1996 | 8.78 trillion current US$ | +5.5% |
| 1997 | 9.32 trillion current US$ | +6.2% |
| 1998 | 9.85 trillion current US$ | +5.6% |
| 1999 | 10.55 trillion current US$ | +7.1% |
| 2000 | 11.34 trillion current US$ | +7.5% |
| 2001 | 11.66 trillion current US$ | +2.8% |
| 2002 | 12.10 trillion current US$ | +3.8% |
| 2003 | 12.84 trillion current US$ | +6.1% |
| 2004 | 13.84 trillion current US$ | +7.7% |
| 2005 | 14.91 trillion current US$ | +7.8% |
| 2006 | 15.89 trillion current US$ | +6.6% |
| 2007 | 16.65 trillion current US$ | +4.8% |
| 2008 | 17.04 trillion current US$ | +2.3% |
| 2009 | 16.30 trillion current US$ | -4.4% |
| 2010 | 17.24 trillion current US$ | +5.8% |
| 2011 | 18.00 trillion current US$ | +4.4% |
| 2012 | 18.67 trillion current US$ | +3.8% |
| 2013 | 19.24 trillion current US$ | +3.0% |
| 2014 | 19.94 trillion current US$ | +3.7% |
| 2015 | 20.42 trillion current US$ | +2.4% |
| 2016 | 20.88 trillion current US$ | +2.2% |
| 2017 | 21.85 trillion current US$ | +4.6% |
| 2018 | 23.01 trillion current US$ | +5.3% |
| 2019 | 23.89 trillion current US$ | +3.8% |
| 2020 | 23.69 trillion current US$ | -0.8% |
| 2021 | 26.60 trillion current US$ | +12.3% |
| 2022 | 29.19 trillion current US$ | +9.7% |
| 2023 | 30.80 trillion current US$ | +5.5% |
| 2024 | 32.48 trillion current US$ | +5.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1.88 trillion current US$ | 1.16 trillion current US$ | 2.90 trillion current US$ | 10 |
| 1980s | 4.63 trillion current US$ | 3.14 trillion current US$ | 6.30 trillion current US$ | 10 |
| 1990s | 8.29 trillion current US$ | 6.64 trillion current US$ | 10.55 trillion current US$ | 10 |
| 2000s | 14.26 trillion current US$ | 11.34 trillion current US$ | 17.04 trillion current US$ | 10 |
| 2010s | 20.31 trillion current US$ | 17.24 trillion current US$ | 23.89 trillion current US$ | 10 |
| 2020s | 28.55 trillion current US$ | 23.69 trillion current US$ | 32.48 trillion current US$ | 5 |
Countries ranked near North America
- 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
- 11 Brazil 2.27 trillion current US$ compare
- 12 Mexico 1.92 trillion current US$ compare
More economy & growth data for North America
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0142 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 1,224 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual 30.35 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 469.55 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 1,250 BoP, current US$ per person (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0145 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), gaps 479.40 billion BoP, current US$ (2025)
- Gross value added at basic prices (GVA) (current US$), per capita 65,820 current US$ per person (2021)
- Services, value added (current US$), annual growth rate 10.37 % change on previous year (2021)
- Services, value added (current US$), per unit of GDP 0.7546 current US$ per US$ of GDP (2021)
Frequently asked questions
- What is gross national expenditure in North America?
- Gross national expenditure in North America was 32.48 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 North America?
- The highest recorded value was 32.48 trillion current US$ in 2024.
- What is the lowest gross national expenditure recorded in North America?
- The lowest recorded value was 1.16 trillion current US$ in 1970.
- How does North America rank for gross national expenditure?
- North America ranks 9th out of 43 groups with data for 2024.
- Is gross national expenditure rising or falling in North America?
- Over the last ten years it is up 62.8%. The long-run trend across the full record is volatile.
- 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 (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.