Final consumption expenditure in OECD members
OECD members: Final consumption expenditure was 52.86 trillion current US$ in 2024. ◆ Volatile
Final consumption expenditure in OECD members, 1970–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
OECD members recorded 52.86 trillion current US$ for final consumption expenditure in 2024. That is the highest value across all 55 years on record.
The figure is up 4.7% on the previous year and up 33.6% over ten years.
Over the whole period, final consumption expenditure in OECD members peaked at 52.86 trillion current US$ in 2024 and was at its lowest, 1.78 trillion current US$, in 1970.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 3.48 trillion current US$ | 1.78 trillion current US$ | 5.97 trillion current US$ | 10 |
| 1980s | 8.71 trillion current US$ | 6.72 trillion current US$ | 12.53 trillion current US$ | 10 |
| 1990s | 17.84 trillion current US$ | 14.19 trillion current US$ | 20.64 trillion current US$ | 10 |
| 2000s | 28.20 trillion current US$ | 21.15 trillion current US$ | 36.06 trillion current US$ | 10 |
| 2010s | 38.95 trillion current US$ | 36.12 trillion current US$ | 41.91 trillion current US$ | 10 |
| 2020s | 47.51 trillion current US$ | 41.13 trillion current US$ | 52.86 trillion current US$ | 5 |
More economy & growth data for OECD members
- Final consumption expenditure 44.42 trillion constant 2015 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 52.86 trillion current US$ in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest final consumption expenditure recorded in OECD members?
- The highest recorded value was 52.86 trillion current US$ in 2024.
- What is the lowest final consumption expenditure recorded in OECD members?
- The lowest recorded value was 1.78 trillion current US$ in 1970.
- Is final consumption expenditure rising or falling in OECD members?
- Over the last ten years it is up 33.6%. The long-run trend across the full record is volatile.
- Where does this OECD members 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.