China's households and NPISHs final consumption expenditure (constant LCU) was 52.23 trillion in 2024, the latest year in the World Bank's World Development Indicators. That is up 91.53% from 27.27 trillion in 2014 (6.71% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 52.23 trillion | 2024 |
| Five years earlier | 40.6 trillion | 2019 |
| Ten years earlier | 27.27 trillion | 2014 |
| Highest | 52.23 trillion | 2024 |
| Lowest | 4.66 trillion | 1995 |
| Average since 2015 | 40.81 trillion | 2015–2024 |
| First recorded | 4.66 trillion |
What the numbers say
In 2024, China's households and NPISHs final consumption expenditure (constant LCU) rose 5% on 2023 (from 49.74 trillion to 52.23 trillion).
Across the 28 yearly changes before that (1996 to 2023), the average change was +8.9% and a typical year strayed about 3.5% from that (the standard deviation). This year's change was 1.1 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 15% in 2011 and the biggest yearly fall was 2.7% in 2020. 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 2.37 trillion 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 58.79 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 966.19 billion, against 4.42 trillion 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 30 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
- Japan — 1st of 30: 304.19 trillion
- Iraq — 2nd of 30: 96.12 trillion
- Lebanon — 4th of 30: 49.23 trillion
- United States — 5th of 30: 16.84 trillion
- Angola — 6th of 30: 16.53 trillion
What this measures
This field includes expenditure on goods and services by the Household and NPISH sector for the direct satisfaction of human needs or wants, whether individual or collective. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.
All 30 values
| Year | Households and NPISHs final consumption expenditure (constant LCU) |
|---|---|
| 2024 | 52,229,600,822,700 |
| 2023 | 49,735,324,691,100 |
| 2022 | 45,356,429,670,100 |
| 2021 | 44,688,755,940,000 |
| 2020 | 39,499,340,000,000 |
| 2019 | 40,600,248,313,900 |
| 2018 | 38,415,616,990,400 |
| 2017 | 35,464,136,180,500 |
| 2016 | 32,483,698,335,300 |
| 2015 | 29,669,023,931,100 |
Households and NPISHs final consumption expenditure (constant LCU) in nearby economies
- American Samoa — 498 million (2022)
- Australia — 1.39 trillion (2025)
- Brunei Darussalam — 6.05 billion (2025)
- Cambodia — 98.28 trillion (2025)
- Guam — 3.45 billion (2022)
- Hong Kong SAR, China — 2.12 trillion (2025)
- Indonesia — 7,327.83 trillion (2025)
- Japan — 304.19 trillion (2024)
- Kiribati
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
Questions people ask
- What is China's households and NPISHs final consumption expenditure (constant LCU)?
- 52.23 trillion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1995?
Source
World Bank, World Development Indicators, indicator NE.CON.PRVT.KN, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); 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.
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