Final consumption expenditure in United Arab Emirates
United Arab Emirates: Final consumption expenditure was 1.10 trillion current LCU in 2023. ▲ Rising
Final consumption expenditure in United Arab Emirates, 2001–2023
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
In 2023, final consumption expenditure in United Arab Emirates stood at 1.10 trillion current LCU. That is the highest value across all 23 years on record.
That represents a change of up 8.3% on the previous year and up 71.6% over ten years.
Over the whole period, final consumption expenditure in United Arab Emirates peaked at 1.10 trillion current LCU in 2023 and was at its lowest, 261.96 billion current LCU, in 2001.
United Arab Emirates ranks 95th of 187 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 23 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 461.70 billion current LCU | 261.96 billion current LCU | 760.95 billion current LCU | 9 |
| 2010s | 692.65 billion current LCU | 556.30 billion current LCU | 802.53 billion current LCU | 10 |
| 2020s | 935.70 billion current LCU | 789.21 billion current LCU | 1.10 trillion current LCU | 4 |
Countries ranked near United Arab Emirates
More economy & growth data for United Arab Emirates
- DEC alternative conversion factor 3.67 LCU per US$ (2024)
- Net secondary income (Net current transfers from abroad) -246.30 billion current LCU (2024)
- Net secondary income (Net current transfers from abroad) -67.07 billion current US$ (2024)
- Net primary income (Net income from abroad) 58.80 billion current LCU (2024)
- Net primary income (Net income from abroad) 16.01 billion current US$ (2024)
- GNI per capita 189,982 current LCU (2024)
- GNI per capita, Atlas method 51,550 current US$ (2024)
- GNI 2.09 trillion current LCU (2024)
- GNI 568.34 billion current US$ (2024)
- GNI, Atlas method 566.40 billion current US$ (2024)
Frequently asked questions
- What is final consumption expenditure in United Arab Emirates?
- Final consumption expenditure in United Arab Emirates was 1.10 trillion current LCU in 2023, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest final consumption expenditure recorded in United Arab Emirates?
- The highest recorded value was 1.10 trillion current LCU in 2023.
- What is the lowest final consumption expenditure recorded in United Arab Emirates?
- The lowest recorded value was 261.96 billion current LCU in 2001.
- How does United Arab Emirates rank for final consumption expenditure?
- United Arab Emirates ranks 95th out of 187 countries with data for 2023.
- Is final consumption expenditure rising or falling in United Arab Emirates?
- Over the last ten years it is up 71.6%. The long-run trend across the full record is rising.
- Where does this United Arab Emirates data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Final consumption expenditure (current LCU). Statizoid updates them automatically from the source API.
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CSV · JSON — 23 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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.