Business expenditure in the World

1,418.06 US$ billions in 2023

Business expenditure of World increased from 846.57 US$ billions in 2004 to 1,418.06 US$ billions in 2023 growing at an average annual rate of 2.85%.

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Business expenditure in the World
U.S. Dollars Current Prices 1,649.24 US$ billions in 2023 WTTC
Expenditure in the World
Leisure 5,413.72 US$ billions in 2023 WTTC
Government 93.57 US$ billions in 2023 WTTC
Macro Region (US$ billions in 2023)
Europe 501.93 WTTC
Middle East 56.08 WTTC
Africa 55.77 WTTC
Oceania 28.71 WTTC
Asia 85 timeseries
Central America and the Caribbean 105 timeseries
North America 15 timeseries
South America 60 timeseries
Southeast Asia 65 timeseries
Country (LCU in billions in 2023)

Venezuela (Bolivarian Republic of) is the top country by business expenditure in the world. As of 2023, business expenditure in Venezuela (Bolivarian Republic of) was 59,238,000,000 LCU in billions that accounts for 100.00% of the world's business expenditure. The top 5 countries (others are Indonesia, Iran, Viet Nam, and Republic of Korea) account for 100.00% of it. The world's total business expenditure was estimated at 59,238,538,121.96 LCU in billions in 2023.

The description is composed by our digital data assistant.
Venezuela (Bolivarian Republic of) 59.24B WTTC
Indonesia 227,809 WTTC
Iran 130,713 WTTC
Viet Nam 74,448.8 WTTC
Republic of Korea 13,086.5 WTTC
Cambodia 11,570.4 WTTC
Colombia 10,767.8 WTTC
Japan 9,519.49 WTTC
Iraq 7,306.32 WTTC
Guinea 4,431.87 WTTC
Nigeria 4,183.23 WTTC
Myanmar 4,128.9 WTTC
Lao People’s Democratic Republic 3,128.86 WTTC
Chile 2,696.2 WTTC
Paraguay 2,579.8 WTTC
United Republic of Tanzania 2,444.41 WTTC
Uzbekistan 2,195.95 WTTC
Côte d'Ivoire 2,060.57 WTTC
Philippines 1,776.7 WTTC
China 1,673.09 WTTC
India 1,457.78 WTTC
Costa Rica 1,278.57 WTTC
Sierra Leone 1,191.91 WTTC
Lebanon 1,097.52 WTTC
Cameroon 1,089.11 WTTC
Russian Federation 1,018.01 WTTC
Uganda 903.28 WTTC
Mongolia 817.84 WTTC
Rwanda 780.18 WTTC
Mali 715.1 WTTC
Argentina 693.47 WTTC
Senegal 660.68 WTTC
Democratic Republic of the Congo 559.88 WTTC
Madagascar 531.54 WTTC
Angola 494.96 WTTC
Kazakhstan 436.82 WTTC
Malawi 427.7 WTTC
Sri Lanka 413.22 WTTC
Pakistan 387.36 WTTC
Hungary 377.04 WTTC
United States of America 355.26 WTTC
Algeria 333.81 WTTC
Thailand 332.98 WTTC
Kenya 330.36 WTTC
Mexico 254.08 WTTC
Taiwan Province of China 222.31 WTTC
Iceland 197.71 WTTC
Niger 194.58 WTTC
Armenia 189.84 WTTC
Bangladesh 181.44 WTTC
Burundi 169.12 WTTC
Burkina Faso 165.33 WTTC
Benin 165.15 WTTC
Syrian Arab Republic 163.32 WTTC
South Africa 152.65 WTTC
Sweden 147.25 WTTC
Togo 135.91 WTTC
Jamaica 135.06 WTTC
Egypt 116.36 WTTC
Albania 104.56 WTTC
Malaysia 95.13 WTTC
Congo 93.24 WTTC
Yemen 91.41 WTTC
Hong Kong 89.23 WTTC
Turkey 83.7 WTTC
Uruguay 81.99 WTTC
United Kingdom 74.47 WTTC
Czech Republic 72.09 WTTC
Denmark 66.33 WTTC
Germany 65.22 WTTC
Central African Republic 62.97 WTTC
Dominican Republic 61.94 WTTC
Brazil 61.16 WTTC
Gabon 59.65 WTTC
Qatar 56.46 WTTC
United Arab Emirates 53.38 WTTC
Ethiopia 53.11 WTTC
Mozambique 52.38 WTTC
Serbia 50.93 WTTC
Honduras 48.04 WTTC
Norway 46.06 WTTC
Canada 45.88 WTTC
Mauritius 42.67 WTTC
Italy 42.6 WTTC
France 40.28 WTTC
Kyrgyzstan 39.27 WTTC
Nepal 38.39 WTTC
Poland 35.53 WTTC
Ukraine 28.77 WTTC
Australia 26.57 WTTC
Saudi Arabia 25.77 WTTC
Haiti 25.01 WTTC
Singapore 24.07 WTTC
Chad 23.82 WTTC
Sudan 20.14 WTTC
Morocco 19.61 WTTC
Zambia 18.53 WTTC
Spain 17.63 WTTC
North Macedonia 16.87 WTTC
Macau 16.37 WTTC
Israel 12.36 WTTC
Netherlands 12.1 WTTC
Nicaragua 11.3 WTTC
Peru 10.39 WTTC
Romania 10.34 WTTC
Guatemala 10.32 WTTC
Austria 9.61 WTTC
Switzerland 9.5 WTTC
Republic of Moldova 9.31 WTTC
New Zealand 8.74 WTTC
Cabo Verde 8.65 WTTC
Lesotho 7.78 WTTC
Belgium 7.6 WTTC
Guyana 7.48 WTTC
Croatia 7.37 WTTC
Georgia 7.19 WTTC
Ghana 7.12 WTTC
Namibia 6.1 WTTC
Ireland 5.98 WTTC
Portugal 5.84 WTTC
Finland 5.8 WTTC
Vanuatu 5.49 WTTC
Tunisia 5.37 WTTC
Gambia 5.32 WTTC
Comoros 5.09 WTTC
Eswatini 4.3 WTTC
Bolivia 3.97 WTTC
Bulgaria 3.83 WTTC
Belarus 3.74 WTTC
Trinidad and Tobago 3.31 WTTC
Seychelles 2.76 WTTC
Maldives 2.59 WTTC
Azerbaijan 2.42 WTTC
Greece 2.11 WTTC
Slovakia 1.91 WTTC
Panama 1.57 WTTC
Ecuador 1.56 WTTC
Libya 1.43 WTTC
Tajikistan 1.28 WTTC
Puerto Rico 1.18 WTTC
Botswana 1.13 WTTC
Bosnia and Herzegovina 1.05 WTTC
Oman 1.02 WTTC
Slovenia 0.97 WTTC
Estonia 0.93 WTTC
El Salvador 0.88 WTTC
Kuwait 0.79 WTTC
Lithuania 0.75 WTTC
Jordan 0.65 WTTC
Papua New Guinea 0.58 WTTC
Sao Tome and Principe 0.55 WTTC
Grenada 0.53 WTTC
Suriname 0.51 WTTC
Cuba 0.49 WTTC
Bahamas 0.48 WTTC
Solomon Islands 0.45 WTTC
Fiji 0.44 WTTC
Barbados 0.43 WTTC
Latvia 0.41 WTTC
Saint Lucia 0.39 WTTC
Luxembourg 0.38 WTTC
Saint Kitts and Nevis 0.37 WTTC
Bahrain 0.34 WTTC
Malta 0.34 WTTC
Cyprus 0.33 WTTC
Brunei Darussalam 0.2 WTTC
Belize 0.2 WTTC
Saint Vincent and the Grenadines 0.18 WTTC
Montenegro 0.18 WTTC
Antigua and Barbuda 0.15 WTTC
Zimbabwe 0.14 WTTC
Tonga 0.14 WTTC
Dominica 0.09 WTTC
Kiribati 0.02 WTTC