Final consumption expenditure in OECD members
OECD members: Final consumption expenditure was 44.42 trillion constant 2015 US$ in 2024. ▲ Rising
Final consumption expenditure in OECD members, 1970–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant 2015 US$.
Analysis
OECD members recorded 44.42 trillion constant 2015 US$ for final consumption expenditure in 2024. That is the highest value across all 55 years on record.
That represents a change of up 2.2% on the previous year and up 22.6% over ten years.
Over the whole period, final consumption expenditure in OECD members peaked at 44.42 trillion constant 2015 US$ in 2024 and was at its lowest, 11.56 trillion constant 2015 US$, in 1970.
The long-run direction has been consistently rising across the 55 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 13.76 trillion constant 2015 US$ | 11.56 trillion constant 2015 US$ | 15.96 trillion constant 2015 US$ | 10 |
| 1980s | 18.33 trillion constant 2015 US$ | 16.20 trillion constant 2015 US$ | 21.14 trillion constant 2015 US$ | 10 |
| 1990s | 24.18 trillion constant 2015 US$ | 21.77 trillion constant 2015 US$ | 27.42 trillion constant 2015 US$ | 10 |
| 2000s | 31.62 trillion constant 2015 US$ | 28.47 trillion constant 2015 US$ | 34.01 trillion constant 2015 US$ | 10 |
| 2010s | 37.01 trillion constant 2015 US$ | 34.57 trillion constant 2015 US$ | 40.25 trillion constant 2015 US$ | 10 |
| 2020s | 42.14 trillion constant 2015 US$ | 38.86 trillion constant 2015 US$ | 44.42 trillion constant 2015 US$ | 5 |
More economy & growth data for OECD members
- Final consumption expenditure 52.86 trillion current US$ (2024)
- Households and NPISHs Final consumption expenditure per capita growth 1.3% (2024)
- Manufacturing, value added 7.62 trillion current US$ (2022)
- Agriculture, forestry, and fishing, value added 0.7% (2024)
- Households and NPISHs final consumption expenditure 60.1% (2024)
- Gross national expenditure 68.20 trillion current US$ (2024)
- Exports of goods and services 20.50 trillion current US$ (2025)
- Gross national expenditure 56.77 trillion constant 2015 US$ (2024)
- Households and NPISHs Final consumption expenditure per capita 24,690 constant 2015 US$ (2024)
- Final consumption expenditure 2.2% (2024)
Frequently asked questions
- What is final consumption expenditure in OECD members?
- Final consumption expenditure in OECD members was 44.42 trillion constant 2015 US$ in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest final consumption expenditure recorded in OECD members?
- The highest recorded value was 44.42 trillion constant 2015 US$ in 2024.
- What is the lowest final consumption expenditure recorded in OECD members?
- The lowest recorded value was 11.56 trillion constant 2015 US$ in 1970.
- Is final consumption expenditure rising or falling in OECD members?
- Over the last ten years it is up 22.6%. The long-run trend across the full record is rising.
- Where does this OECD members data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Final consumption expenditure (constant 2015 US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 55 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 is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.