China: Final consumption expenditure (current US$)

Key figures

What the numbers say

In 2024, China's final consumption expenditure (current US$) rose 2.4% on 2023 (from US$10.37 trillion to US$10.62 trillion).

Across the 30 yearly changes before that (1994 to 2023), the average change was +13.3% and a typical year strayed about 8.1% from that (the standard deviation). This year's change was 1.4 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.

On record, the biggest yearly rise was 32.2% in 1995 and the biggest yearly fall was 17.9% in 1978. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2015 to 2024 the straight-line trend is upward, about US$544.63 billion a year. A straight line explains 97% of the movement over 10 observed years.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

A straight-line projection, tested first

Extending that straight line gives about US$12.51 trillion for 2027. We show this only because the same method, fitted on earlier years, predicted 2022 to 2024 better than "no change" would have: its average miss was US$194.56 billion, against US$358.15 billion for assuming no change. Treat it as a continuation of the recent pattern, not a forecast of events: it cannot see a recession, a policy change or a revision to the data.

See how a linear trend forecast works and the guide on forecasting without fooling yourself.

How it compares

In 2024, China had the 3rd highest value of the 36 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to China in the 2024 ranking

• United States — 1st of 36: US$23.89 trillion
• Japan — 3rd of 36: US$3.07 trillion
• New Zealand — 4th of 36: US$204.01 billion
• Iraq — 5th of 36: US$191.81 billion

What this measures

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.

Regional and income-group figures are computed by the World Bank as a gap-filled total.

All 65 values

Final consumption expenditure (current US$) in nearby economies

• Australia — US$1.35 trillion (2025)
• Brunei Darussalam — US$7.99 billion (2025)
• Cambodia — US$32.76 billion (2025)
• Fiji — US$5.33 billion (2024)
• French Polynesia — US$6.69 billion (2024)
• Hong Kong SAR, China — US$336.64 billion (2025)
• Indonesia — US$907.32 billion (2025)
• Japan — US$3.07 trillion (2024)
• Kiribati — US$558.75 million (2024)
• Korea, Rep.

More economic policy & debt data for China

• Exports of goods and services (current US$) — US$4.11 trillion (2025)
• Exports of goods and services (current LCU) — 29.54 trillion (2025)
• Exports of goods and services (% of GDP) — 21.07% (2025)
• Imports of goods and services (current US$) — US$3.29 trillion (2025)
• Imports of goods and services (current LCU) — 23.67 trillion (2025)
• Imports of goods and services (% of GDP) — 16.89% (2025)
• External balance on goods and services (current US$) — US$816.19 billion (2025)
• External balance on goods and services (current LCU) — 5.87 trillion (2025)
• External balance on goods and services (% of GDP) — 4.19% (2025)

Reading data like this

• Where to find free public data, and how to check it before you trust it — 2 min read
• Data analysis examples: 6 worked from one dataset — 3 min read
• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is China's final consumption expenditure (current US$)?

US$10.62 trillion in 2024, according to the World Bank (World Development Indicators).

How has it changed since 1960?

It is up 28,068% from US$37.69 billion in 1960 (9.21% a year on average, compounded). The highest value was US$10.62 trillion in 2024 and the lowest US$37.69 billion in 1960.

Source

World Bank, World Development Indicators, indicator NE.CON.TOTL.CD, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Offices (NSOs); National Accounts data files, Central Banks; Staff estimates, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

Want to ask your own questions of data like this? Try AnalyzeIt: upload a file or ask about public data in plain words, and every figure comes with its working.