Goods and services expense (current LCU) in United States
United States: Goods and services expense (current LCU) was 467.27 billion current LCU in 2024. ▲ Rising
Latest (2024)
467.27 billion current LCU
Change on year
up 6.0%
World rank
37th
of 155 countries
All-time high
467.27 billion current LCU
in 2024
All-time low
52.41 billion current LCU
in 1972
Years of data
53
1972–2024
Goods and services expense in United States, 1972–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
In 2024, goods and services expense in United States stood at 467.27 billion current LCU. That is the highest value across all 53 years on record.
That represents a change of up 6.0% on the previous year and up 53.2% over ten years.
Over the whole period, goods and services expense in United States peaked at 467.27 billion current LCU in 2024 and was at its lowest, 52.41 billion current LCU, in 1972.
United States ranks 37th of 155 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 53 years of available data.
Goods and services expense (current LCU) in United States, year by year
| Year | current LCU | Change |
|---|---|---|
| 1972 | 52.41 billion current LCU | — |
| 1973 | 55.05 billion current LCU | +5.0% |
| 1974 | 55.50 billion current LCU | +0.8% |
| 1975 | 64.04 billion current LCU | +15.4% |
| 1976 | 61.56 billion current LCU | -3.9% |
| 1977 | 71.03 billion current LCU | +15.4% |
| 1978 | 80.46 billion current LCU | +13.3% |
| 1979 | 87.31 billion current LCU | +8.5% |
| 1980 | 107.95 billion current LCU | +23.6% |
| 1981 | 125.75 billion current LCU | +16.5% |
| 1982 | 143.90 billion current LCU | +14.4% |
| 1983 | 168.12 billion current LCU | +16.8% |
| 1984 | 178.05 billion current LCU | +5.9% |
| 1985 | 198.65 billion current LCU | +11.6% |
| 1986 | 213.64 billion current LCU | +7.5% |
| 1987 | 213.35 billion current LCU | -0.1% |
| 1988 | 224.08 billion current LCU | +5.0% |
| 1989 | 237.19 billion current LCU | +5.9% |
| 1990 | 229.42 billion current LCU | -3.3% |
| 1991 | 249.36 billion current LCU | +8.7% |
| 1992 | 246.51 billion current LCU | -1.1% |
| 1993 | 233.09 billion current LCU | -5.4% |
| 1994 | 229.56 billion current LCU | -1.5% |
| 1995 | 219.30 billion current LCU | -4.5% |
| 1996 | 211.29 billion current LCU | -3.7% |
| 1997 | 218.15 billion current LCU | +3.2% |
| 1998 | 217.85 billion current LCU | -0.1% |
| 1999 | 222.86 billion current LCU | +2.3% |
| 2000 | 235.29 billion current LCU | +5.6% |
| 2001 | 150.57 billion current LCU | -36.0% |
| 2002 | 177.69 billion current LCU | +18.0% |
| 2003 | 212.89 billion current LCU | +19.8% |
| 2004 | 241.86 billion current LCU | +13.6% |
| 2005 | 259.15 billion current LCU | +7.1% |
| 2006 | 275.38 billion current LCU | +6.3% |
| 2007 | 282.59 billion current LCU | +2.6% |
| 2008 | 328.85 billion current LCU | +16.4% |
| 2009 | 351.40 billion current LCU | +6.9% |
| 2010 | 383.08 billion current LCU | +9.0% |
| 2011 | 371.96 billion current LCU | -2.9% |
| 2012 | 357.34 billion current LCU | -3.9% |
| 2013 | 318.41 billion current LCU | -10.9% |
| 2014 | 305.09 billion current LCU | -4.2% |
| 2015 | 298.48 billion current LCU | -2.2% |
| 2016 | 297.31 billion current LCU | -0.4% |
| 2017 | 301.94 billion current LCU | +1.6% |
| 2018 | 327.68 billion current LCU | +8.5% |
| 2019 | 358.86 billion current LCU | +9.5% |
| 2020 | 383.73 billion current LCU | +6.9% |
| 2021 | 422.94 billion current LCU | +10.2% |
| 2022 | 430.38 billion current LCU | +1.8% |
| 2023 | 440.86 billion current LCU | +2.4% |
| 2024 | 467.27 billion current LCU | +6.0% |
United States compared with similar countries
- United States's 467.27 billion current LCU is above the median for high income countries, which is 14.51 billion current LCU, 32.2× the median. (57 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 65.92 billion current LCU | 52.41 billion current LCU | 87.31 billion current LCU | 8 |
| 1980s | 181.07 billion current LCU | 107.95 billion current LCU | 237.19 billion current LCU | 10 |
| 1990s | 227.74 billion current LCU | 211.29 billion current LCU | 249.36 billion current LCU | 10 |
| 2000s | 251.57 billion current LCU | 150.57 billion current LCU | 351.40 billion current LCU | 10 |
| 2010s | 332.01 billion current LCU | 297.31 billion current LCU | 383.08 billion current LCU | 10 |
| 2020s | 429.03 billion current LCU | 383.73 billion current LCU | 467.27 billion current LCU | 5 |
Countries ranked near United States
More public sector data for United States
- Democracy, annual growth rate 0 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- Arms imports 745.00 million SIPRI trend indicator values (2025)
- Arms imports (SIPRI trend indicator values), per capita 3.56 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate 52.65 % change on previous year (2024)
Frequently asked questions
- What is goods and services expense in United States?
- Goods and services expense in United States was 467.27 billion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest goods and services expense recorded in United States?
- The highest recorded value was 467.27 billion current LCU in 2024.
- What is the lowest goods and services expense recorded in United States?
- The lowest recorded value was 52.41 billion current LCU in 1972.
- How does United States rank for goods and services expense?
- United States ranks 37th out of 155 countries with data for 2024.
- Is goods and services expense rising or falling in United States?
- Over the last ten years it is up 53.2%. The long-run trend across the full record is rising.
- Where does this United States data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Goods and services expense (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 53 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Goods and services include all government payments in exchange for goods and services used for the production of market and nonmarket goods and services. Use of goods and services for account capital formation is excluded. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.