Marshall Islands vs Palau: Households and NPISHs Final consumption expenditure, PPP
Households and NPISHs Final consumption expenditure, PPP over time
- Marshall Islands
- Palau
How they compare
Palau currently reports 212.74 million constant 2021 international $ against 171.81 million constant 2021 international $ in Marshall Islands, a difference of 40.94 million constant 2021 international $.
That makes Palau's figure about 1.2 times Marshall Islands's.
Across all 20 years both countries report, Palau has been ahead every year.
Marshall Islands ranks 170th and Palau ranks 169th of 170 countries.
Palau has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | Marshall Islands | Palau | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 161.48 million constant 2021 international $ | 200.90 million constant 2021 international $ | 39.42 million constant 2021 international $ | Palau |
| 2010s | 167.18 million constant 2021 international $ | 214.49 million constant 2021 international $ | 47.31 million constant 2021 international $ | Palau |
| 2020s | 180.25 million constant 2021 international $ | 217.74 million constant 2021 international $ | 37.49 million constant 2021 international $ | Palau |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher households and npishs final consumption expenditure, ppp, Marshall Islands or Palau?
- Palau, at 212.74 million constant 2021 international $ against 171.81 million constant 2021 international $ in Marshall Islands as of 2024.
- What is the difference in households and npishs final consumption expenditure, ppp between Marshall Islands and Palau?
- 40.94 million constant 2021 international $, with Palau ahead.
- How many years of comparable data are there for Marshall Islands and Palau?
- 20 years are reported by both, from 2005 to 2024.
- How do Marshall Islands and Palau rank globally for households and npishs final consumption expenditure, ppp?
- Marshall Islands ranks 170th and Palau ranks 169th of 170 countries.
- Where does this data come from?
- International Comparison Program (ICP), World Bank (WB), published as Households and NPISHs Final consumption expenditure, PPP (constant 2021 international $). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
This indicator provides values for final consumption expenditure expressed in constant international dollars, converted by purchasing power parities (PPPs). PPPs account for the different price levels across countries and thus PPP-based comparisons of economic output are more appropriate for comparing the output of economies and the average material well-being of their inhabitants than exchange-rate based comparisons. Households and NPISHs final consumption expenditure includes expenditure on goods and services by the Household and NPISH sector for the direct satisfaction of human needs or wants, whether individual or collective. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2021. The PPP conversion factor is a currency conversion factor and a spatial price deflator. PPPs convert different currencies to a common currency and, in the process of conversion, equalize their purchasing power by eliminating the differences in price levels between countries, thereby allowing volume or output comparisons of GDP and its expenditure components.