OECD members: Final consumption expenditure (annual % growth)

Key figures

What the numbers say

In 2024, OECD members' final consumption expenditure (annual % growth) rose 0.28 percentage points on 2023 (from 1.87% to 2.16%).

Across the 30 yearly changes before that (1994 to 2023), the average change was +0 percentage points and a typical year strayed about 2.22 percentage points from that (the standard deviation). This year's change was 0.1 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 9.56 percentage points in 2021 and the biggest yearly fall was 5.32 percentage points 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 there is no clear straight-line trend: a straight line explains 1% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.

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 denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.

Regional and income-group figures are computed by the World Bank as a weighted average.

All 54 values

Final consumption expenditure (annual % growth) in nearby economies

• Algeria — 3.84% (2025)
• Bahrain — 1.89% (2024)
• Djibouti — 3.56% (2025)
• Egypt, Arab Rep. — 8.39% (2025)
• Iran, Islamic Rep. — -0.47% (2025)
• Iraq — 15.34% (2024)
• Israel — 2.27% (2025)
• Kuwait — 2.43% (2024)
• Lebanon — -3.96% (2024)
• Libya — 11.48% (2025)

More economic policy & debt data for OECD members

• Portfolio equity, net inflows (BoP, current US$) — US$1.84 trillion (2025)
• GDP (current US$) — US$72.54 trillion (2025)
• GDP (constant 2015 US$) — US$57.86 trillion (2025)
• GDP per capita (current US$) — US$51,734 (2025)
• GDP per capita (constant 2015 US$) — US$41,261 (2025)
• GNI (current US$) — US$72.4 trillion (2025)
• GDP (annual % growth) — 1.77% (2025)
• GDP per capita (annual % growth) — 1.38% (2025)
• GNI, Atlas method (current US$) — US$71.09 trillion (2025)
• GNI per capita, Atlas method (current US$) — US$50,697 (2025)

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Questions people ask

What is OECD members's final consumption expenditure (annual % growth)?

2.16% in 2024, according to the World Bank (World Development Indicators).

How has it changed since 1971?

It is down 2 percentage points from 4.15% in 1971. The highest value was 6.11% in 2021 and the lowest -3.45% in 2020.

Is the latest change in final consumption expenditure (annual % growth) unusual for OECD members?

In 2024, OECD members' final consumption expenditure (annual % growth) rose 0.28 percentage points on 2023 (from 1.87% to 2.16%). Across the 30 yearly changes before that (1994 to 2023), the average change was +0 percentage points and a typical year strayed about 2.22 percentage points from that (the standard deviation). This year's change was 0.1 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.CON.TOTL.KD.ZG, 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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