General government final consumption expenditure in Upper middle income
Upper middle income: General government final consumption expenditure was 5.09 trillion current US$ in 2024. ◆ Volatile
General government final consumption expenditure in Upper middle income, 1960–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current US$.
Analysis
The most recent figure for general government final consumption expenditure in Upper middle income is 5.09 trillion current US$, measured in 2024. That is the highest value across all 65 years on record.
That represents a change of up 1.9% on the previous year and up 53.3% over ten years.
Over the whole period, general government final consumption expenditure in Upper middle income peaked at 5.09 trillion current US$ in 2024 and was at its lowest, 20.25 billion current US$, in 1960.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 26.22 billion current US$ | 20.25 billion current US$ | 35.92 billion current US$ | 10 |
| 1970s | 95.81 billion current US$ | 40.32 billion current US$ | 165.24 billion current US$ | 10 |
| 1980s | 230.17 billion current US$ | 188.37 billion current US$ | 289.19 billion current US$ | 10 |
| 1990s | 467.11 billion current US$ | 308.42 billion current US$ | 613.92 billion current US$ | 10 |
| 2000s | 1.07 trillion current US$ | 641.03 billion current US$ | 1.87 trillion current US$ | 10 |
| 2010s | 3.26 trillion current US$ | 2.24 trillion current US$ | 4.04 trillion current US$ | 10 |
| 2020s | 4.68 trillion current US$ | 4.08 trillion current US$ | 5.09 trillion current US$ | 5 |
More economy & growth data for Upper middle income
- Agriculture, forestry, and fishing, value added 2.16 trillion constant 2015 US$ (2025)
- Households and NPISHs Final consumption expenditure per capita growth 4.1% (2024)
- Households and NPISHs Final consumption expenditure per capita 4,884 constant 2015 US$ (2024)
- Households and NPISHs Final consumption expenditure 4.5% (2024)
- Households and NPISHs Final consumption expenditure 14.99 trillion constant 2015 US$ (2024)
- Households and NPISHs Final consumption expenditure 15.64 trillion current US$ (2024)
- External balance on goods and services 2.1% (2025)
- Trade 48.9% (2025)
- General government final consumption expenditure 15.9% (2024)
- Industry (including construction), value added 10.57 trillion constant 2015 US$ (2025)
Frequently asked questions
- What is general government final consumption expenditure in Upper middle income?
- General government final consumption expenditure in Upper middle income was 5.09 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 Upper middle income?
- The highest recorded value was 5.09 trillion current US$ in 2024.
- What is the lowest general government final consumption expenditure recorded in Upper middle income?
- The lowest recorded value was 20.25 billion current US$ in 1960.
- Is general government final consumption expenditure rising or falling in Upper middle income?
- Over the last ten years it is up 53.3%. The long-run trend across the full record is volatile.
- Where does this Upper middle income 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 — 65 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.