Private Consumption in United States
The United States economy recorded average private consumption growth of 2.6% in the decade to 2022. This is above the 1.7% average for major economies. In 2022, private consumption growth was 2.5%. For more private consumption information, visit our dedicated page.
United States Private consumption Chart
Note: This chart displays Private Consumption (annual variation in %) for United States from 2014 to 2023.
Source: Macrobond.
United States Private consumption Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Private Consumption (ann. var. %) | 2.1 | -2.5 | 8.8 | 3.0 | 2.5 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects American private consumption projections for the next ten years from a panel of 42 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable private consumption forecast available for American private consumption.
Download one of our sample reports to visualize what a Consensus Forecast is and see our American private consumption projections.
Want to get access to the full dataset of American private consumption forecasts? Send an email to info@focus-economics.com.