Household consumption — all countries

Household consumption — United States

Household consumption in the United States in 2024 — 19,896,009,000,000 US$. Ranked 1 in the world out of 167. Since 1970, the indicator has risen by 2,976.4%.

2024 19.9T US$ +5.64% vs 2023
World rank 1of 167
Period maximum 19.9T US$2024
Period minimum 647B US$1970

Trend over time

1970–2024 · US$

Household consumption — United States, 1970–202405T10T15T20T19701976198219881994200020062012201820241970: 646,724,000,000 US$1971: 699,937,000,000 US$1972: 768,153,000,000 US$1973: 849,575,000,000 US$1974: 930,161,000,000 US$1975: 1,030,547,000,000 US$1976: 1,147,666,000,000 US$1977: 1,273,975,000,000 US$1978: 1,422,252,000,000 US$1979: 1,585,420,000,000 US$1980: 1,750,667,000,000 US$1981: 1,933,951,000,000 US$1982: 2,071,256,000,000 US$1983: 2,281,605,000,000 US$1984: 2,492,340,000,000 US$1985: 2,712,830,000,000 US$1986: 2,886,278,000,000 US$1987: 3,076,279,000,000 US$1988: 3,330,012,000,000 US$1989: 3,576,758,000,000 US$1990: 3,808,994,000,000 US$1991: 3,943,449,000,000 US$1992: 4,197,559,000,000 US$1993: 4,451,984,000,000 US$1994: 4,720,965,000,000 US$1995: 4,962,590,000,000 US$1996: 5,244,596,000,000 US$1997: 5,536,790,000,000 US$1998: 5,877,248,000,000 US$1999: 6,283,758,000,000 US$2000: 6,767,179,000,000 US$2001: 7,073,801,000,000 US$2002: 7,348,941,000,000 US$2003: 7,740,749,000,000 US$2004: 8,231,960,000,000 US$2005: 8,769,066,000,000 US$2006: 9,277,236,000,000 US$2007: 9,746,594,000,000 US$2008: 10,050,083,000,000 US$2009: 9,891,218,000,000 US$2010: 10,260,256,000,000 US$2011: 10,698,857,000,000 US$2012: 11,047,363,000,000 US$2013: 11,388,233,000,000 US$2014: 11,874,450,000,000 US$2015: 12,297,438,000,000 US$2016: 12,726,849,000,000 US$2017: 13,290,626,000,000 US$2018: 13,934,442,000,000 US$2019: 14,437,543,000,000 US$2020: 14,231,353,000,000 US$2021: 16,119,682,000,000 US$2022: 17,690,013,000,000 US$2023: 18,833,150,000,000 US$2024: 19,896,009,000,000 US$
Change over the period: +19.25T (+2,976.43%) Average annual rate: 6.55 %

Comparison, 2024

How the value compares with the world and the groups this territory belongs to: United States

United States 19.9T US$
World 63.19T US$
North America 21.16T US$
Northern America computed 21.16T US$
High-income countries computed 41.36T US$
Household consumption — United States, by year United States All countries CSV XLSX
Year US$ Change Change, %
2024 19.9T +1.06T +5.64%
2023 18.83T +1.14T +6.46%
2022 17.69T +1.57T +9.74%
2021 16.12T +1.89T +13.27%
2020 14.23T −206B −1.43%
2019 14.44T +503B +3.61%
2018 13.93T +644B +4.84%
2017 13.29T +564B +4.43%
2016 12.73T +429B +3.49%
2015 12.3T +423B +3.56%
2014 11.87T +486B +4.27%
2013 11.39T +341B +3.09%
2012 11.05T +349B +3.26%
2011 10.7T +439B +4.27%
2010 10.26T +369B +3.73%
2009 9.89T −159B −1.58%
2008 10.05T +303B +3.11%
2007 9.75T +469B +5.06%
2006 9.28T +508B +5.8%
2005 8.77T +537B +6.52%
2004 8.23T +491B +6.35%
2003 7.74T +392B +5.33%
2002 7.35T +275B +3.89%
2001 7.07T +307B +4.53%
2000 6.77T +483B +7.69%
1999 6.28T +407B +6.92%
1998 5.88T +340B +6.15%
1997 5.54T +292B +5.57%
1996 5.24T +282B +5.68%
1995 4.96T +242B +5.12%
1994 4.72T +269B +6.04%
1993 4.45T +254B +6.06%
1992 4.2T +254B +6.44%
1991 3.94T +134B +3.53%
1990 3.81T +232B +6.49%
1989 3.58T +247B +7.41%
1988 3.33T +254B +8.25%
1987 3.08T +190B +6.58%
1986 2.89T +173B +6.39%
1985 2.71T +220B +8.85%
1984 2.49T +211B +9.24%
1983 2.28T +210B +10.16%
1982 2.07T +137B +7.1%
1981 1.93T +183B +10.47%
1980 1.75T +165B +10.42%
1979 1.59T +163B +11.47%
1978 1.42T +148B +11.64%
1977 1.27T +126B +11.01%
1976 1.15T +117B +11.36%
1975 1.03T +100B +10.79%
1974 930B +80.59B +9.49%
1973 850B +81.42B +10.6%
1972 768B +68.22B +9.75%
1971 700B +53.21B +8.23%
1970 647B

Northern America, 2024

The same indicator for neighboring countries — with links to their pages

About the indicator

Household final consumption expenditure in current US dollars — everything people buy for themselves, from food and housing to services. This is the largest part of GDP in almost any country, usually between half and three quarters, and in absolute terms it sets the size of the consumer market. For gauging the capacity of a market the indicator is more useful than GDP: it includes neither government spending nor investment nor exports.

Important: It includes the imputed value of living in owner-occupied housing and other imputed services — computed quantities that statistical offices estimate unevenly.

Source: World Development Indicators (World Bank), license CC BY 4.0.