China's households and NPISHs final consumption expenditure (current LCU) was 53.88 trillion in 2024, the latest year in the World Bank's World Development Indicators. That is up 122.15% from 24.25 trillion in 2014 (8.31% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 53.88 trillion | 2024 |
| Five years earlier | 39.58 trillion | 2019 |
| Ten years earlier | 24.25 trillion | 2014 |
| Highest | 53.88 trillion | 2024 |
| Lowest | 74.17 billion | 1960 |
| Average since 2015 | 40.18 trillion | 2015–2024 |
| First recorded | 74.17 billion |
What the numbers say
In 2024, China's households and NPISHs final consumption expenditure (current LCU) rose 5.2% on 2023 (from 51.21 trillion to 53.88 trillion).
Across the 30 yearly changes before that (1994 to 2023), the average change was +12.5% and a typical year strayed about 7.3% from that (the standard deviation). This year's change was 1.0 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 36.8% in 1994 and the biggest yearly fall was 0.5% in 1968. 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 2.96 trillion a year. A straight line explains 99% 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 62.09 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 1.17 trillion, against 5.53 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 6th 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
- Iraq — 3rd of 36: 168.71 trillion
- Kazakhstan — 4th of 36: 71.46 trillion
- Angola — 5th of 36: 64.15 trillion
- Afghanistan — 7th of 36: 1.41 trillion
- Cuba — 8th of 36: 985.86 billion
- Ghana — 9th of 36: 981.44 billion
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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.
All 65 values
| Year | Households and NPISHs final consumption expenditure (current LCU) |
|---|---|
| 2024 | 53,882,820,000,000 |
| 2023 | 51,212,060,000,000 |
| 2022 | 46,618,120,000,000 |
| 2021 | 45,044,250,000,000 |
| 2020 | 39,499,340,000,000 |
| 2019 | 39,583,090,000,000 |
| 2018 | 36,451,500,000,000 |
| 2017 | 33,009,600,000,000 |
| 2016 | 29,810,110,000,000 |
| 2015 | 26,737,980,000,000 |
Households and NPISHs final consumption expenditure (current LCU) in nearby economies
- American Samoa — 621 million (2022)
- Australia — 1.44 trillion (2025)
- Brunei Darussalam — 5.76 billion (2025)
- Cambodia — 119.86 trillion (2025)
- Fiji — 9.53 billion (2024)
- French Polynesia — 514.1 billion (2024)
- Guam — 4.14 billion (2022)
- Hong Kong SAR, China — 2.21 trillion (2025)
- Indonesia
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 (current LCU)?
- 53.88 trillion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1960?
- It is up 72,548% from 74.17 billion in 1960 (10.84% a year on average, compounded). The highest value was 53.88 trillion in 2024 and the lowest 74.17 billion in 1960.
Source
World Bank, World Development Indicators, indicator NE.CON.PRVT.CN, 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.
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