Gross national expenditure in Upper middle income
Upper middle income: Gross national expenditure was 31.54 trillion current US$ in 2024. ◆ Volatile
Latest (2024)
31.54 trillion current US$
Change on year
up 3.4%
Rank
10th
of 41 groups
All-time high
31.54 trillion current US$
in 2024
All-time low
169.72 billion current US$
in 1961
Years of data
65
1960–2024
Gross national expenditure in Upper middle income, 1960–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current US$.
Analysis
In 2024, gross national expenditure in Upper middle income stood at 31.54 trillion current US$. That is the highest value across all 65 years on record.
Compared with earlier readings it is up 3.4% on the previous year and up 48.3% over ten years.
Over the whole period, gross national expenditure in Upper middle income peaked at 31.54 trillion current US$ in 2024 and was at its lowest, 169.72 billion current US$, in 1961.
Upper middle income ranks 10th of 41 groups on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross national expenditure in Upper middle income, year by year
| Year | current US$ | Change |
|---|---|---|
| 1960 | 174.18 billion current US$ | — |
| 1961 | 169.72 billion current US$ | -2.6% |
| 1962 | 172.57 billion current US$ | +1.7% |
| 1963 | 189.12 billion current US$ | +9.6% |
| 1964 | 212.26 billion current US$ | +12.2% |
| 1965 | 232.68 billion current US$ | +9.6% |
| 1966 | 258.85 billion current US$ | +11.2% |
| 1967 | 261.24 billion current US$ | +0.9% |
| 1968 | 278.81 billion current US$ | +6.7% |
| 1969 | 310.23 billion current US$ | +11.3% |
| 1970 | 347.77 billion current US$ | +12.1% |
| 1971 | 381.85 billion current US$ | +9.8% |
| 1972 | 433.45 billion current US$ | +13.5% |
| 1973 | 561.14 billion current US$ | +29.5% |
| 1974 | 722.39 billion current US$ | +28.7% |
| 1975 | 823.90 billion current US$ | +14.1% |
| 1976 | 884.70 billion current US$ | +7.4% |
| 1977 | 989.17 billion current US$ | +11.8% |
| 1978 | 1.09 trillion current US$ | +10.4% |
| 1979 | 1.24 trillion current US$ | +13.7% |
| 1980 | 1.47 trillion current US$ | +18.8% |
| 1981 | 1.65 trillion current US$ | +12.1% |
| 1982 | 1.61 trillion current US$ | -2.6% |
| 1983 | 1.57 trillion current US$ | -2.7% |
| 1984 | 1.65 trillion current US$ | +5.2% |
| 1985 | 1.68 trillion current US$ | +2.1% |
| 1986 | 1.76 trillion current US$ | +4.9% |
| 1987 | 1.75 trillion current US$ | -0.7% |
| 1988 | 1.92 trillion current US$ | +9.7% |
| 1989 | 2.11 trillion current US$ | +9.8% |
| 1990 | 2.48 trillion current US$ | +17.8% |
| 1991 | 2.44 trillion current US$ | -1.7% |
| 1992 | 2.63 trillion current US$ | +7.7% |
| 1993 | 2.90 trillion current US$ | +10.1% |
| 1994 | 3.26 trillion current US$ | +12.5% |
| 1995 | 3.74 trillion current US$ | +14.8% |
| 1996 | 4.13 trillion current US$ | +10.5% |
| 1997 | 4.36 trillion current US$ | +5.4% |
| 1998 | 4.20 trillion current US$ | -3.6% |
| 1999 | 4.06 trillion current US$ | -3.4% |
| 2000 | 4.41 trillion current US$ | +8.8% |
| 2001 | 4.42 trillion current US$ | +0.1% |
| 2002 | 4.44 trillion current US$ | +0.5% |
| 2003 | 4.98 trillion current US$ | +12.0% |
| 2004 | 5.85 trillion current US$ | +17.5% |
| 2005 | 6.87 trillion current US$ | +17.4% |
| 2006 | 8.02 trillion current US$ | +16.7% |
| 2007 | 9.84 trillion current US$ | +22.7% |
| 2008 | 11.98 trillion current US$ | +21.7% |
| 2009 | 12.07 trillion current US$ | +0.8% |
| 2010 | 14.79 trillion current US$ | +22.5% |
| 2011 | 17.75 trillion current US$ | +20.0% |
| 2012 | 19.06 trillion current US$ | +7.4% |
| 2013 | 20.43 trillion current US$ | +7.2% |
| 2014 | 21.27 trillion current US$ | +4.1% |
| 2015 | 20.46 trillion current US$ | -3.8% |
| 2016 | 20.61 trillion current US$ | +0.7% |
| 2017 | 22.54 trillion current US$ | +9.4% |
| 2018 | 24.21 trillion current US$ | +7.4% |
| 2019 | 24.67 trillion current US$ | +1.9% |
| 2020 | 23.87 trillion current US$ | -3.3% |
| 2021 | 28.08 trillion current US$ | +17.7% |
| 2022 | 29.18 trillion current US$ | +3.9% |
| 2023 | 30.51 trillion current US$ | +4.5% |
| 2024 | 31.54 trillion current US$ | +3.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 225.97 billion current US$ | 169.72 billion current US$ | 310.23 billion current US$ | 10 |
| 1970s | 747.73 billion current US$ | 347.77 billion current US$ | 1.24 trillion current US$ | 10 |
| 1980s | 1.72 trillion current US$ | 1.47 trillion current US$ | 2.11 trillion current US$ | 10 |
| 1990s | 3.42 trillion current US$ | 2.44 trillion current US$ | 4.36 trillion current US$ | 10 |
| 2000s | 7.29 trillion current US$ | 4.41 trillion current US$ | 12.07 trillion current US$ | 10 |
| 2010s | 20.58 trillion current US$ | 14.79 trillion current US$ | 24.67 trillion current US$ | 10 |
| 2020s | 28.63 trillion current US$ | 23.87 trillion current US$ | 31.54 trillion current US$ | 5 |
Countries ranked near Upper middle income
- 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
- 13 Spain 1.83 trillion current US$ compare
More economy & growth data for Upper middle income
- Agriculture, forestry, and fishing, value added 2.16 trillion constant 2015 US$ (2025)
- Households and NPISHs Final consumption expenditure per capita 4,884 constant 2015 US$ (2024)
- Households and NPISHs Final consumption expenditure 4.5% (2024)
- Households and NPISHs Final consumption expenditure 14.99 trillion constant 2015 US$ (2024)
- Households and NPISHs Final consumption expenditure 15.64 trillion current US$ (2024)
- External balance on goods and services 2.1% (2025)
- Trade 48.9% (2025)
- General government final consumption expenditure 15.9% (2024)
- General government final consumption expenditure 5.09 trillion current US$ (2024)
- Industry (including construction), value added 10.57 trillion constant 2015 US$ (2025)
Frequently asked questions
- What is gross national expenditure in Upper middle income?
- Gross national expenditure in Upper middle income was 31.54 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 Upper middle income?
- The highest recorded value was 31.54 trillion current US$ in 2024.
- What is the lowest gross national expenditure recorded in Upper middle income?
- The lowest recorded value was 169.72 billion current US$ in 1961.
- How does Upper middle income rank for gross national expenditure?
- Upper middle income ranks 10th out of 41 groups with data for 2024.
- Is gross national expenditure rising or falling in Upper middle income?
- Over the last ten years it is up 48.3%. The long-run trend across the full record is volatile.
- Where does this Upper 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.