Final consumption expenditure in Marshall Islands
Marshall Islands: Final consumption expenditure was -2.7% in 2024. ◆ Volatile
Final consumption expenditure in Marshall Islands, 2005–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in annual % growth.
Analysis
In 2024, final consumption expenditure in Marshall Islands stood at -2.7%.
Compared with earlier readings it is up 67.3% on the previous year and up 43.3% over ten years.
Over the whole period, final consumption expenditure in Marshall Islands peaked at 9.2% in 2019 and was at its lowest, -9.5%, in 2008.
Marshall Islands ranks 169th of 175 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Final consumption expenditure in Marshall Islands, year by year
| Year | annual % growth | Change |
|---|---|---|
| 2005 | 3.3% | — |
| 2006 | -1.7% | -152.2% |
| 2007 | 4.2% | -346.9% |
| 2008 | -9.5% | -326.6% |
| 2009 | 0.4% | -103.8% |
| 2010 | -0.3% | -172.1% |
| 2011 | 2.6% | -1118.1% |
| 2012 | 2.6% | -1.8% |
| 2013 | 5.0% | +94.4% |
| 2014 | -4.8% | -196.3% |
| 2015 | 0.9% | -117.9% |
| 2016 | 5.6% | +545.9% |
| 2017 | 6.6% | +18.8% |
| 2018 | 3.2% | -52.1% |
| 2019 | 9.2% | +190.9% |
| 2020 | -4.5% | -148.5% |
| 2021 | 0.2% | -104.2% |
| 2022 | 1.9% | +897.9% |
| 2023 | -8.3% | -546.3% |
| 2024 | -2.7% | -67.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -0.7% | -9.5% | 4.2% | 5 |
| 2010s | 3.0% | -4.8% | 9.2% | 10 |
| 2020s | -2.7% | -8.3% | 1.9% | 5 |
Countries ranked near Marshall Islands
- 166 Cuba -2.0% compare
- 167 Mozambique -2.1% compare
- 168 United States Virgin Islands -2.2% compare
- 170 Venezuela, Bolivarian Republic of -3.0% compare
- 171 Samoa -3.9% compare
- 172 Qatar -3.9% compare
More economy & growth data for Marshall Islands
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 1.5 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 0.6305 Percent per annum (2029)
- Taxes less subsidies on products (current LCU), per unit of GDP 0.0423 current LCU per US$ of GDP (2024)
- 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)
- Gdp worldbank constant usd, per capita 6,174 units per person (2025)
- Manufacturing value added to gdp, per unit of GDP 0 units per US$ of GDP (2024)
- Manufacturing value added to gdp, per capita 0.0001 units per person (2024)
- External balance on goods and services as a percent of gdp -43.83 (2025)
- Taxes less subsidies on products (current LCU), per capita 321 current LCU per person (2024)
Frequently asked questions
- What is final consumption expenditure in Marshall Islands?
- Final consumption expenditure in Marshall Islands was -2.7% in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest final consumption expenditure recorded in Marshall Islands?
- The highest recorded value was 9.2% in 2019.
- What is the lowest final consumption expenditure recorded in Marshall Islands?
- The lowest recorded value was -9.5% in 2008.
- How does Marshall Islands rank for final consumption expenditure?
- Marshall Islands ranks 169th out of 175 countries with data for 2024.
- Is final consumption expenditure rising or falling in Marshall Islands?
- Over the last ten years it is up 43.3%. The long-run trend across the full record is volatile.
- Where does this Marshall Islands data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Final consumption expenditure (annual % growth). Statizoid updates them automatically from the source API.
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About this data
Final consumption expenditure is expenditure on goods and services by resident institutional units for the direct satisfaction of human needs or wants, whether individual or collective. Final consumption expenditure can be measured for households, general government, the central bank and non-profit institutions serving households. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.