Annual growth of general government final consumption expenditure in Marshall Islands
Marshall Islands: Annual growth of general government final consumption expenditure was -9.8 in 2023. ◆ Volatile
Annual growth of general government final consumption expenditure in Marshall Islands, 2005–2023
Source: Our World in Data.
Analysis
Marshall Islands recorded -9.8 for annual growth of general government final consumption expenditure in 2023. That is the lowest value across all 19 years on record.
That represents a change of down 35.0% on the previous year and down 600.0% over ten years.
Over the whole period, annual growth of general government final consumption expenditure in Marshall Islands peaked at 12.87 in 2019 and was at its lowest, -9.8, in 2023.
Marshall Islands ranks 161st of 167 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Annual growth of general government final consumption expenditure in Marshall Islands, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 1.01 | — |
| 2006 | 3.76 | +272.3% |
| 2007 | 5.23 | +39.1% |
| 2008 | -3.27 | -162.5% |
| 2009 | -0.38 | -88.4% |
| 2010 | -0.88 | +131.6% |
| 2011 | 1.13 | -228.4% |
| 2012 | 4.09 | +261.9% |
| 2013 | 1.96 | -52.1% |
| 2014 | -5.44 | -377.6% |
| 2015 | 3.12 | -157.4% |
| 2016 | 8.47 | +171.5% |
| 2017 | 2.06 | -75.7% |
| 2018 | 8.78 | +326.2% |
| 2019 | 12.87 | +46.6% |
| 2020 | -6.16 | -147.9% |
| 2021 | 3.55 | -157.6% |
| 2022 | -7.26 | -304.5% |
| 2023 | -9.8 | +35.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1.27 | -3.27 | 5.23 | 5 |
| 2010s | 3.62 | -5.44 | 12.87 | 10 |
| 2020s | -4.92 | -9.8 | 3.55 | 4 |
Countries ranked near Marshall Islands
- 158 Palestine, State of -6.99 compare
- 159 Macau, China -8.26 compare
- 160 Ethiopia -9.79 compare
- 162 Solomon Islands -12 compare
- 163 Congo, Democratic Republic of the -12.85 compare
- 164 Nepal -21.21 compare
More economy & growth data for Marshall Islands
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 0.6305 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 1.5 Percent per annum (2029)
- GDP per capita 6,174 constant 2015 US$ (2025)
- Manufacturing value added to gdp, per capita 0.0001 units per person (2024)
- External balance on goods and services as a percent of GDP -43.8% (2025)
- Manufacturing value added to gdp, per unit of GDP 0 units per US$ of GDP (2024)
- Gdp worldbank constant usd, per capita 6,174 units per person (2025)
- Gdp worldbank constant usd, annual growth rate 2.28 % change on previous year (2025)
- Gdp worldbank constant usd, per unit of GDP 0.7273 units per US$ of GDP (2025)
- Gross fixed capital formation 65.14 million current US$ (2024)
Frequently asked questions
- What is annual growth of general government final consumption expenditure in Marshall Islands?
- Annual growth of general government final consumption expenditure in Marshall Islands was -9.8 in 2023, according to Our World in Data.
- What is the highest annual growth of general government final consumption expenditure recorded in Marshall Islands?
- The highest recorded value was 12.87 in 2019.
- What is the lowest annual growth of general government final consumption expenditure recorded in Marshall Islands?
- The lowest recorded value was -9.8 in 2023.
- How does Marshall Islands rank for annual growth of general government final consumption expenditure?
- Marshall Islands ranks 161st out of 167 countries with data for 2023.
- Is annual growth of general government final consumption expenditure rising or falling in Marshall Islands?
- Over the last ten years it is down 600.0%. The long-run trend across the full record is volatile.
- Where does this Marshall Islands data come from?
- The figures come from Our World in Data, published as part of Annual growth of general government final consumption expenditure. Statizoid updates them automatically from the source API.
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