General government final consumption expenditure in North America
North America: General government final consumption expenditure was 4.48 trillion current US$ in 2024. ◆ Volatile
General government final consumption expenditure in North America, 1970–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current US$.
Analysis
In 2024, general government final consumption expenditure in North America stood at 4.48 trillion current US$. That is the highest value across all 55 years on record.
The figure is up 6.1% on the previous year and up 52.9% over ten years.
Over the whole period, general government final consumption expenditure in North America peaked at 4.48 trillion current US$ in 2024 and was at its lowest, 211.36 billion current US$, in 1970.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 321.81 billion current US$ | 211.36 billion current US$ | 457.09 billion current US$ | 10 |
| 1980s | 749.48 billion current US$ | 512.92 billion current US$ | 1.00 trillion current US$ | 10 |
| 1990s | 1.27 trillion current US$ | 1.08 trillion current US$ | 1.48 trillion current US$ | 10 |
| 2000s | 2.14 trillion current US$ | 1.58 trillion current US$ | 2.74 trillion current US$ | 10 |
| 2010s | 3.00 trillion current US$ | 2.86 trillion current US$ | 3.37 trillion current US$ | 10 |
| 2020s | 4.02 trillion current US$ | 3.56 trillion current US$ | 4.48 trillion current US$ | 5 |
More economy & growth data for North America
- Households and NPISHs Final consumption expenditure 16.76 trillion constant 2015 US$ (2024)
- Final consumption expenditure 20.19 trillion constant 2015 US$ (2024)
- Final consumption expenditure 25.64 trillion current US$ (2024)
- Households and NPISHs final consumption expenditure 67.0% (2024)
- Imports of goods and services 5.0% (2024)
- Imports of goods and services 15.4% (2024)
- Households and NPISHs Final consumption expenditure per capita growth 1.7% (2024)
- Households and NPISHs Final consumption expenditure per capita 43,939 constant 2015 US$ (2024)
- Households and NPISHs Final consumption expenditure 2.9% (2024)
- Manufacturing, value added 2.69 trillion current US$ (2021)
Frequently asked questions
- What is general government final consumption expenditure in North America?
- General government final consumption expenditure in North America was 4.48 trillion current US$ in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest general government final consumption expenditure recorded in North America?
- The highest recorded value was 4.48 trillion current US$ in 2024.
- What is the lowest general government final consumption expenditure recorded in North America?
- The lowest recorded value was 211.36 billion current US$ in 1970.
- Is general government final consumption expenditure rising or falling in North America?
- Over the last ten years it is up 52.9%. The long-run trend across the full record is volatile.
- Where does this North America data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of General government final consumption expenditure (current US$). Statizoid updates them automatically from the source API.
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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. General government FCE includes all government current expenditures for purchases of goods and services (including compensation of employees), and most expenditures on national defense and security, but excludes government military expenditures that are part of government capital formation. 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.