Global Household and NPISH Final Consumption Expenditure by Country

In 2023, the United States led global household and NPISH final consumption expenditure at 16.551 trillion USD, with a 3.55% growth from the previous year. China was second with 7.4353 trillion USD, though it experienced a 2.46% decline. Notable growth was observed in Botswana (3.71%) and Egypt (18.11%). Conversely, Japan saw a slight reduction of 0.22%. Over the past five years, countries like Egypt and Nigeria have shown standout average annual growth rates, attributed to burgeoning consumer bases and economic development.

Future trends to watch include:

• Digitalization influencing consumer behaviors globally, particularly in emerging markets.
• Economic recovery patterns post-pandemic influencing expenditure stability in regions like Europe and Asia.
• The impact of geopolitical factors on consumption trends in major economies like the US and China.