China vs United States: Final consumption expenditure
Final consumption expenditure over time
- China
- United States
How they compare
United States currently reports 23.89 trillion current US$ against 10.62 trillion current US$ in China, a difference of 13.27 trillion current US$.
That makes United States's figure about 2.3 times China's.
Across all 55 years both countries report, United States has been ahead every year.
Globally, China ranks 2nd and United States ranks 1st of 187 countries.
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About this data
Final consumption expenditure is expenditure on goods and services by resident institutional units for the direct satisfaction of human needs or wants, whether individual or collective. Final consumption expenditure can be measured for households, general government, the central bank and non-profit institutions serving households. 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.