IDA & IBRD total: Final consumption expenditure (current US$)

Key figures

What the numbers say

In 2024, IDA & IBRD total's final consumption expenditure (current US$) rose 5.2% on 2023 (from US$28.26 trillion to US$29.74 trillion).

Across the 30 yearly changes before that (1994 to 2023), the average change was +7.7% and a typical year strayed about 7.7% from that (the standard deviation). This year's change was 0.3 standard deviations below 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 24.6% in 1974 and the biggest yearly fall was 5.2% in 2015. 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$1.19 trillion a year. A straight line explains 95% 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.

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

• Afghanistan — US$24.06 billion (2024)
• Algeria — US$172.34 billion (2025)
• Bahrain — US$25.46 billion (2024)
• Djibouti — US$3.87 billion (2025)
• Egypt, Arab Rep. — US$360.88 billion (2025)
• Iran, Islamic Rep. — US$242.86 billion (2025)
• Iraq — US$191.81 billion (2024)
• Israel — US$449.08 billion (2025)
• Kuwait — US$108.41 billion (2024)
• Lebanon — US$34.84 billion (2024)

More economic policy & debt data for IDA & IBRD total

• Charges for the use of intellectual property, payments (BoP, current US$) — US$131.53 billion (2025)
• Portfolio equity, net inflows (BoP, current US$) — −US$1.32 billion (2025)
• Exports of goods and services (current US$) — US$11.96 trillion (2025)
• Exports of goods and services (% of GDP) — 25.86% (2025)
• Imports of goods and services (current US$) — US$11.48 trillion (2025)
• Imports of goods and services (% of GDP) — 24.82% (2025)
• External balance on goods and services (% of GDP) — 1.04% (2025)
• Trade (% of GDP) — 49.07% (2025)
• Agriculture, forestry, and fishing, value added (current US$)

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Questions people ask

What is IDA & IBRD total's final consumption expenditure (current US$)?

US$29.74 trillion in 2024, according to the World Bank (World Development Indicators).

How has it changed since 1960?

It is up 11,097% from US$265.61 billion in 1960 (7.65% a year on average, compounded). The highest value was US$29.74 trillion in 2024 and the lowest US$265.61 billion in 1960.

Is the latest change in final consumption expenditure (current US$) unusual for IDA & IBRD total?

In 2024, IDA & IBRD total's final consumption expenditure (current US$) rose 5.2% on 2023 (from US$28.26 trillion to US$29.74 trillion). Across the 30 yearly changes before that (1994 to 2023), the average change was +7.7% and a typical year strayed about 7.7% from that (the standard deviation). This year's change was 0.3 standard deviations below 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.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.

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