Final consumption expenditure in World
World: Final consumption expenditure was 2.9% in 2024. ▼ Falling
Final consumption expenditure in World, 1971–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in annual % growth.
Analysis
The most recent figure for final consumption expenditure in World is 2.9%, measured in 2024.
Compared with earlier readings it is down 10.9% on the previous year and up 9.8% over ten years.
Over the whole period, final consumption expenditure in World peaked at 6.5% in 2021 and was at its lowest, -3.0%, in 2020.
The long-run direction has been consistently falling across the 54 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 3.9% | 1.9% | 5.3% | 9 |
| 1980s | 2.9% | 1.7% | 3.9% | 10 |
| 1990s | 2.7% | 1.6% | 3.9% | 10 |
| 2000s | 3.0% | 0.9% | 4.1% | 10 |
| 2010s | 2.8% | 2.3% | 3.1% | 10 |
| 2020s | 2.7% | -3.0% | 6.5% | 5 |
More economy & growth data for World
- Final consumption expenditure 70.92 trillion constant 2015 US$ (2024)
- Industry (including construction), value added 29.57 trillion current US$ (2025)
- Manufacturing, value added 14.9% (2025)
- Households and NPISHs final consumption expenditure 56.6% (2024)
- Final consumption expenditure 81.66 trillion current US$ (2024)
- Gross national expenditure 96.34 trillion constant 2015 US$ (2024)
- Exports of goods and services 28.33 trillion constant 2015 US$ (2025)
- Exports of goods and services 34.89 trillion current US$ (2025)
- Households and NPISHs Final consumption expenditure per capita growth 2.0% (2024)
- Gross national expenditure 111.01 trillion current US$ (2024)
Frequently asked questions
- What is final consumption expenditure in World?
- Final consumption expenditure in World was 2.9% in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest final consumption expenditure recorded in World?
- The highest recorded value was 6.5% in 2021.
- What is the lowest final consumption expenditure recorded in World?
- The lowest recorded value was -3.0% in 2020.
- Is final consumption expenditure rising or falling in World?
- Over the last ten years it is up 9.8%. The long-run trend across the full record is falling.
- Where does this World data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Final consumption expenditure (annual % growth). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 54 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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 denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.