Household consumption (% of GDP) in OPEC in 2024 — 44.2%. Since 1970, the indicator has fallen by 7.5 pp.
1970–2024 · % of GDP
How the value compares with the world and the groups this territory belongs to: OPEC
| Year | % | Change, pp |
|---|---|---|
| 2024 | 44.2 | +1.3 pp |
| 2023 | 42.8 | +4.2 pp |
| 2022 | 38.6 | −3.5 pp |
| 2021 | 42.2 | −5.4 pp |
| 2020 | 47.6 | +4.8 pp |
| 2019 | 42.8 | +1.1 pp |
| 2018 | 41.8 | −3.1 pp |
| 2017 | 44.8 | −1.6 pp |
| 2016 | 46.5 | +1.2 pp |
| 2015 | 45.3 | +7.7 pp |
| 2014 | 37.5 | +2.4 pp |
| 2013 | 35.2 | +0.4 pp |
| 2012 | 34.8 | +5.1 pp |
| 2011 | 29.6 | −0.8 pp |
| 2010 | 30.5 | −4.4 pp |
| 2009 | 34.8 | +4 pp |
| 2008 | 30.9 | −1.9 pp |
| 2007 | 32.8 | +1.4 pp |
| 2006 | 31.4 | −0.7 pp |
| 2005 | 32.1 | −3.5 pp |
| 2004 | 35.6 | −2.3 pp |
| 2003 | 37.9 | −0.9 pp |
| 2002 | 38.8 | +2.2 pp |
| 2001 | 36.6 | +5.7 pp |
| 2000 | 30.8 | −5.8 pp |
| 1999 | 36.6 | −5.1 pp |
| 1998 | 41.7 | +2.8 pp |
| 1997 | 38.9 | −0.7 pp |
| 1996 | 39.6 | −0.5 pp |
| 1995 | 40.1 | −2 pp |
| 1994 | 42 | −0.7 pp |
| 1993 | 42.7 | −1.4 pp |
| 1992 | 44.1 | −3 pp |
| 1991 | 47 | −6.3 pp |
| 1990 | 53.3 | −11 pp |
| 1989 | 64.4 | +2.1 pp |
| 1988 | 62.3 | +2.8 pp |
| 1987 | 59.5 | −4.7 pp |
| 1986 | 64.2 | +5.2 pp |
| 1985 | 59 | +2.9 pp |
| 1984 | 56.1 | −0.4 pp |
| 1983 | 56.5 | +5.4 pp |
| 1982 | 51.1 | +7.5 pp |
| 1981 | 43.6 | +4.9 pp |
| 1980 | 38.7 | −2.8 pp |
| 1979 | 41.6 | −2.9 pp |
| 1978 | 44.5 | +4.2 pp |
| 1977 | 40.3 | +5.9 pp |
| 1976 | 34.4 | −2.6 pp |
| 1975 | 37 | +8.5 pp |
| 1974 | 28.5 | −12.7 pp |
| 1973 | 41.2 | −5.4 pp |
| 1972 | 46.5 | −2.2 pp |
| 1971 | 48.8 | −2.9 pp |
| 1970 | 51.7 | — |
Household final consumption expenditure as a percent of GDP — the market value of all goods and services bought by the population, including the imputed rent of owner-occupied housing. A low consumption share alongside a high share of capital formation is typical of investment- and export-driven economies; a high one, of countries short of savings.
Source: World Development Indicators (World Bank), license CC BY 4.0.
How much money the residents of a country spend in a year on goods and services for themselves.
Economy Gross capital formation (% of GDP)Investment in fixed assets and inventories as a percent of GDP — the base of future growth.
Economy Government consumption (% of GDP)The share of GDP taken by government final consumption spending.
Economy GDPGross domestic product in current US dollars — the size of a country's economy.
Economy GDP per capitaGDP divided by the population, in current US dollars.
Economy GDP growthThe annual growth rate of GDP in constant prices — with inflation stripped out.