Gross national expenditure in North America
North America: Gross national expenditure was 32.48 trillion current US$ in 2024. ◆ Volatile
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$, in 1970.
That places North America 9th out of 41 groups with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross national expenditure in North America, year by year
| Year | current US$ | 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 Russian Federation 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
- Imports of goods and services 15.4% (2024)
- Gross capital formation 5.52 trillion constant 2015 US$ (2024)
- Gross capital formation 3.2% (2024)
- Gross capital formation 21.6% (2024)
- Imports of goods and services 4.86 trillion current US$ (2024)
- Trade in services 7.5% (2025)
- Imports of goods and services 5.0% (2024)
- Manufacturing, value added 2.69 trillion current US$ (2021)
- Industry (including construction), value added 4.69 trillion current US$ (2021)
- Manufacturing, value added 10.4% (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 41 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.