Final consumption expenditure in Low & middle income
Low & middle income: Final consumption expenditure was 26.76 trillion current US$ in 2024. ◆ Volatile
Final consumption expenditure in Low & middle income, 1960–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
The most recent figure for final consumption expenditure in Low & middle income is 26.76 trillion current US$, measured in 2024. That is the highest value across all 65 years on record.
The figure is up 4.8% on the previous year and up 52.2% over ten years.
Over the whole period, final consumption expenditure in Low & middle income peaked at 26.76 trillion current US$ in 2024 and was at its lowest, 206.63 billion current US$, in 1960.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 281.53 billion current US$ | 206.63 billion current US$ | 369.66 billion current US$ | 10 |
| 1970s | 787.20 billion current US$ | 399.71 billion current US$ | 1.31 trillion current US$ | 10 |
| 1980s | 1.83 trillion current US$ | 1.53 trillion current US$ | 2.20 trillion current US$ | 10 |
| 1990s | 3.33 trillion current US$ | 2.48 trillion current US$ | 4.17 trillion current US$ | 10 |
| 2000s | 6.69 trillion current US$ | 4.34 trillion current US$ | 10.59 trillion current US$ | 10 |
| 2010s | 17.23 trillion current US$ | 12.61 trillion current US$ | 20.71 trillion current US$ | 10 |
| 2020s | 23.84 trillion current US$ | 19.92 trillion current US$ | 26.76 trillion current US$ | 5 |
More economy & growth data for Low & middle income
- Inflation, consumer prices 3.5% (2025)
- Households and NPISHs Final consumption expenditure 20.06 trillion constant 2015 US$ (2024)
- Households and NPISHs Final consumption expenditure 20.90 trillion current US$ (2024)
- Imports of goods and services 10.10 trillion current US$ (2025)
- Imports of goods and services 24.3% (2025)
- General government final consumption expenditure 15.3% (2024)
- General government final consumption expenditure 6.03 trillion current US$ (2024)
- External balance on goods and services 0.9% (2025)
- Industry (including construction), value added 13.41 trillion current US$ (2025)
- Manufacturing, value added 20.1% (2025)
Frequently asked questions
- What is final consumption expenditure in Low & middle income?
- Final consumption expenditure in Low & middle income was 26.76 trillion current US$ in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest final consumption expenditure recorded in Low & middle income?
- The highest recorded value was 26.76 trillion current US$ in 2024.
- What is the lowest final consumption expenditure recorded in Low & middle income?
- The lowest recorded value was 206.63 billion current US$ in 1960.
- Is final consumption expenditure rising or falling in Low & middle income?
- Over the last ten years it is up 52.2%. The long-run trend across the full record is volatile.
- Where does this Low & middle income data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Final consumption expenditure (current US$). Statizoid updates them automatically from the source API.
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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.