World Consumer Spending 1970-2024

Household final consumption expenditure (formerly private consumption) is the market value of all goods and services, including durable products (such as cars, washing machines, and home computers), purchased by households. It excludes purchases of dwellings but includes imputed rent for owner-occupied dwellings. It also includes payments and fees to governments to obtain permits and licenses. Here, household consumption expenditure includes the expenditures of nonprofit institutions serving households, even when reported separately by the country. Data are in current U.S. dollars.
  • World consumer spending for 2022 was $55,971.23B, a 4.52% increase from 2021.
  • World consumer spending for 2021 was $53,550.11B, a 13.05% increase from 2020.
  • World consumer spending for 2020 was $47,369.36B, a 4.27% decline from 2019.
  • World consumer spending for 2019 was $49,481.32B, a 1.63% increase from 2018.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Billions of US $
World $55,971.23B
OECD members $36,075.57B
North America $18,678.09B
East Asia & Pacific $13,429.33B
European Union $8,740.86B
Euro Area $7,444.47B
Latin America & Caribbean $4,220.25B
South Asia $2,787.18B
Sub-Saharan Africa $1,501.75B
World Consumer Spending - Historical Data
Year Spending Per Capita Growth Rate
2022 $55,971.23B $6,449 3.78%
2021 $53,550.11B $6,263 7.40%
2020 $47,369.36B $5,882 -4.56%
2019 $49,481.32B $6,226 2.55%
2018 $48,689.60B $6,136 3.24%
2017 $46,207.18B $6,009 3.51%
2016 $43,653.52B $5,872 2.97%
2015 $42,717.49B $5,769 2.95%
2014 $45,155.28B $5,671 2.91%
2013 $43,907.34B $5,577 2.69%
2012 $42,754.46B $5,498 2.46%
2011 $41,846.72B $5,432 3.16%
2010 $38,009.85B $5,330 3.29%
2009 $35,366.75B $5,223 -0.25%
2008 $36,722.43B $5,301 1.83%
2007 $33,632.18B $5,271 4.02%
2006 $30,153.68B $5,130 3.62%
2005 $28,187.29B $5,013 3.90%
2004 $26,203.07B $4,886 3.75%
2003 $23,551.10B $4,769 2.77%
2002 $21,136.42B $4,701 2.53%
2001 $20,380.07B $4,645 2.61%
2000 $20,333.44B $4,587 4.35%
1999 $19,698.76B $4,455 3.96%
1998 $18,918.01B $4,345 3.18%
1997 $18,837.75B $4,271 3.40%
1996 $18,846.05B $4,190 3.67%
1995 $18,365.88B $4,102 2.89%
1994 $16,643.32B $4,046 3.09%
1993 $15,472.15B $3,986 2.07%
1992 $15,068.12B $3,967 2.77%
1991 $14,042.24B $3,923 1.47%
1990 $13,417.23B $3,931 3.25%
1989 $11,910.19B $3,873 3.39%
1988 $11,490.18B $3,812 3.91%
1987 $10,328.88B $3,733 3.38%
1986 $9,089.75B $3,676 4.08%
1985 $7,681.30B $3,594 3.65%
1984 $7,287.24B $3,528 3.35%
1983 $7,064.99B $3,474 3.12%
1982 $6,776.22B $3,429 1.54%
1981 $6,727.37B $3,438 1.37%
1980 $6,555.89B $3,451 2.36%
1979 $5,786.41B $3,431 3.72%
1978 $4,990.19B $3,367 4.02%
1977 $4,237.74B $3,293 3.71%
1976 $3,741.57B $3,231 4.95%
1975 $3,468.07B $3,134 2.44%
1974 $3,035.86B $3,116 1.31%
1973 $2,673.03B $3,135 5.45%
1972 $2,233.94B $3,032 5.94%
1971 $1,941.86B $2,920 4.58%
1970 $1,756.35B $2,851 %