Europe & Central Asia (IDA & IBRD)'s gross national expenditure (constant 2015 US$) was US$4.81 trillion in 2024, the latest year in the World Bank's World Development Indicators. That is up 29.58% from US$3.71 trillion in 2014 (2.62% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$4.81 trillion | 2024 |
| Five years earlier | US$4.05 trillion | 2019 |
| Ten years earlier | US$3.71 trillion | 2014 |
| Highest | US$4.81 trillion | 2024 |
| Lowest | US$1.66 trillion | 1999 |
| Average since 2015 | US$4.07 trillion | 2015–2024 |
| First recorded | US$1.74 trillion |
What the numbers say
In 2024, Europe & Central Asia (IDA & IBRD)'s gross national expenditure (constant 2015 US$) rose 5.1% on 2023 (from US$4.58 trillion to US$4.81 trillion).
Across the 28 yearly changes before that (1996 to 2023), the average change was +3.6% and a typical year strayed about 5.5% from that (the standard deviation). This year's change was 0.3 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 13% in 2007 and the biggest yearly fall was 11.1% in 2009. 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$133.2 billion a year. A straight line explains 94% 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.
How it compares
See how every economy compares in the full ranking.
| Value | Year | |
|---|---|---|
| Europe & Central Asia (IDA & IBRD) | US$4.81 trillion | 2024 |
| World | US$96.34 trillion | 2024 |
What this measures
Gross national expenditure is the sum of household final consumption expenditure, general government final consumption expenditure, and gross capital formation. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.
Regional and income-group figures are computed by the World Bank as a gap-filled total.
All 30 values
| Year | Gross national expenditure (constant 2015 US$) |
|---|---|
| 2024 | 4,811,837,882,918 |
| 2023 | 4,578,679,290,792 |
| 2022 | 4,314,131,085,415 |
| 2021 | 4,260,900,469,162 |
| 2020 | 3,928,978,097,590 |
| 2019 | 4,052,920,406,979 |
| 2018 | 3,903,439,132,841 |
| 2017 | 3,753,789,341,774 |
| 2016 | 3,582,929,528,177 |
| 2015 | 3,560,932,794,706 |
Gross national expenditure (constant 2015 US$) in nearby economies
- Algeria — US$258.92 billion (2025)
- Bahrain — US$37.13 billion (2024)
- Djibouti — US$3.71 billion (2025)
- Egypt, Arab Rep. — US$540.48 billion (2025)
- Iran, Islamic Rep. — US$488.58 billion (2025)
- Iraq — US$191.22 billion (2024)
- Israel — US$429.28 billion (2025)
- Kuwait — US$114.97 billion (2024)
- Lebanon — US$37.54 billion (2024)
- Libya
More economic policy & debt data for Europe & Central Asia (IDA & IBRD)
- Foreign direct investment, net inflows (BoP, current US$) — US$82.98 billion (2025)
- Foreign direct investment, net outflows (BoP, current US$) — US$19.58 billion (2025)
- Portfolio equity, net inflows (BoP, current US$) — −US$186.92 million (2025)
- Net financial flows, IBRD (NFL, current US$) — US$5.92 billion (2024)
- Net financial flows, IDA (NFL, current US$) — US$5.2 billion (2024)
- IFC, private nonguaranteed (NFL, current US$) — US$960.06 million (2024)
- Net bilateral aid flows from DAC donors, Austria (current US$) — US$227.32 million (2022)
Reading data like this
Questions people ask
- What is Europe & Central Asia (IDA & IBRD)'s gross national expenditure (constant 2015 US$)?
- US$4.81 trillion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1995?
- It is up 175.79% from US$1.74 trillion in 1995 (3.56% a year on average, compounded). The highest value was US$4.81 trillion in 2024 and the lowest US$1.66 trillion in 1999.
- Is the latest change in gross national expenditure (constant 2015 US$) unusual for Europe & Central Asia (IDA & IBRD)?
- In 2024, Europe & Central Asia (IDA & IBRD)'s gross national expenditure (constant 2015 US$) rose 5.1% on 2023 (from US$4.58 trillion to US$4.81 trillion). Across the 28 yearly changes before that (1996 to 2023), the average change was +3.6% and a typical year strayed about 5.5% from that (the standard deviation). This year's change was 0.3 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator NE.DAB.TOTL.KD, 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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