Final consumption expenditure (constant LCU), annual growth rate in Marshall Islands
Marshall Islands: Final consumption expenditure (constant LCU), annual growth rate was -2.72 % change on previous year in 2024. ◆ Volatile
Final consumption expenditure (constant LCU), annual growth rate in Marshall Islands, 2005–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2024, final consumption expenditure (constant lcu), annual growth rate in Marshall Islands stood at -2.72 % change on previous year.
That represents a change of up 67.3% on the previous year and up 43.3% over ten years.
Over the whole period, final consumption expenditure (constant lcu), annual growth rate in Marshall Islands peaked at 9.21 % change on previous year in 2019 and was at its lowest, -9.49 % change on previous year, in 2008.
Marshall Islands ranks 170th of 176 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 (constant LCU), annual growth rate in Marshall Islands, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 2005 | 3.25 % change on previous year | — |
| 2006 | -1.7 % change on previous year | -152.2% |
| 2007 | 4.19 % change on previous year | -346.9% |
| 2008 | -9.49 % change on previous year | -326.6% |
| 2009 | 0.3557 % change on previous year | -103.7% |
| 2010 | -0.2561 % change on previous year | -172.0% |
| 2011 | 2.61 % change on previous year | -1119.4% |
| 2012 | 2.56 % change on previous year | -1.9% |
| 2013 | 4.98 % change on previous year | +94.4% |
| 2014 | -4.8 % change on previous year | -196.3% |
| 2015 | 0.8607 % change on previous year | -117.9% |
| 2016 | 5.56 % change on previous year | +545.9% |
| 2017 | 6.6 % change on previous year | +18.8% |
| 2018 | 3.17 % change on previous year | -52.1% |
| 2019 | 9.21 % change on previous year | +190.9% |
| 2020 | -4.47 % change on previous year | -148.5% |
| 2021 | 0.1867 % change on previous year | -104.2% |
| 2022 | 1.87 % change on previous year | +898.9% |
| 2023 | -8.32 % change on previous year | -546.3% |
| 2024 | -2.72 % change on previous year | -67.3% |
Marshall Islands compared with similar countries
- Marshall Islands's -2.72 % change on previous year is below the median for upper middle income countries, which is 3.98 % change on previous year. (48 countries reporting)
- Marshall Islands's -2.72 % change on previous year is below the median for East Asia & Pacific, which is 3.51 % change on previous year. (26 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -0.678 % change on previous year | -9.49 % change on previous year | 4.19 % change on previous year | 5 |
| 2010s | 3.05 % change on previous year | -4.8 % change on previous year | 9.21 % change on previous year | 10 |
| 2020s | -2.69 % change on previous year | -8.32 % change on previous year | 1.87 % change on previous year | 5 |
Countries ranked near Marshall Islands
- 167 Cuba -2.04 % change on previous year compare
- 168 Mozambique -2.14 % change on previous year compare
- 169 United States Virgin Islands -2.17 % change on previous year compare
- 171 Venezuela -3.03 % change on previous year compare
- 172 Samoa -3.88 % change on previous year compare
- 173 Qatar -3.95 % change on previous year 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)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 13.36 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 46.01 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0469 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 355.78 BoP, current US$ per person (2024)
- General government final consumption expenditure (current US$) 2.99 % change on previous year (2024)
- General government final consumption expenditure (current US$), per 0.5453 current US$ per US$ of GDP (2024)
- General government final consumption expenditure (current US$), per 4,139 current US$ per person (2024)
- General government final consumption expenditure (current LCU) 2.99 % change on previous year (2024)
Frequently asked questions
- What is final consumption expenditure (constant lcu), annual growth rate in Marshall Islands?
- Final consumption expenditure (constant lcu), annual growth rate in Marshall Islands was -2.72 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest final consumption expenditure (constant lcu), annual growth rate recorded in Marshall Islands?
- The highest recorded value was 9.21 % change on previous year in 2019.
- What is the lowest final consumption expenditure (constant lcu), annual growth rate recorded in Marshall Islands?
- The lowest recorded value was -9.49 % change on previous year in 2008.
- How does Marshall Islands rank for final consumption expenditure (constant lcu), annual growth rate?
- Marshall Islands ranks 170th out of 176 countries with data for 2024.
- Is final consumption expenditure (constant lcu), annual growth rate 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 Statizoid (derived), published as part of Final consumption expenditure (constant LCU), annual growth rate. Statizoid updates them automatically from the source API.
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How this figure is calculated
The year-on-year percentage change in Final consumption expenditure (constant LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Final consumption expenditure Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Final consumption expenditure (constant LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.