Final consumption expenditure in Marshall Islands
Marshall Islands: Final consumption expenditure was 270.51 million constant LCU in 2024. ▲ Rising
Final consumption expenditure in Marshall Islands, 2004–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant LCU.
Analysis
In 2024, final consumption expenditure in Marshall Islands stood at 270.51 million constant LCU.
That represents a change of down 2.7% on the previous year and up 11.2% over ten years.
Over the whole period, final consumption expenditure in Marshall Islands peaked at 311.10 million constant LCU in 2019 and was at its lowest, 231.07 million constant LCU, in 2008.
Marshall Islands ranks 177th of 177 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 21 years of available data.
Final consumption expenditure in Marshall Islands, year by year
| Year | constant LCU | Change |
|---|---|---|
| 2004 | 241.42 million constant LCU | — |
| 2005 | 249.26 million constant LCU | +3.3% |
| 2006 | 245.04 million constant LCU | -1.7% |
| 2007 | 255.29 million constant LCU | +4.2% |
| 2008 | 231.07 million constant LCU | -9.5% |
| 2009 | 231.90 million constant LCU | +0.4% |
| 2010 | 231.30 million constant LCU | -0.3% |
| 2011 | 237.34 million constant LCU | +2.6% |
| 2012 | 243.43 million constant LCU | +2.6% |
| 2013 | 255.56 million constant LCU | +5.0% |
| 2014 | 243.29 million constant LCU | -4.8% |
| 2015 | 245.39 million constant LCU | +0.9% |
| 2016 | 259.03 million constant LCU | +5.6% |
| 2017 | 276.13 million constant LCU | +6.6% |
| 2018 | 284.87 million constant LCU | +3.2% |
| 2019 | 311.10 million constant LCU | +9.2% |
| 2020 | 297.21 million constant LCU | -4.5% |
| 2021 | 297.76 million constant LCU | +0.2% |
| 2022 | 303.32 million constant LCU | +1.9% |
| 2023 | 278.07 million constant LCU | -8.3% |
| 2024 | 270.51 million constant LCU | -2.7% |
Marshall Islands compared with similar countries
- Marshall Islands's 270.51 million constant LCU is below the median for upper middle income countries, which is 1.54 trillion constant LCU, 0% of the median. (48 countries reporting)
- Marshall Islands's 270.51 million constant LCU is below the median for East Asia & Pacific, which is 780.84 billion constant LCU, 0% of the median. (26 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 242.33 million constant LCU | 231.07 million constant LCU | 255.29 million constant LCU | 6 |
| 2010s | 258.74 million constant LCU | 231.30 million constant LCU | 311.10 million constant LCU | 10 |
| 2020s | 289.37 million constant LCU | 270.51 million constant LCU | 303.32 million constant LCU | 5 |
Countries ranked near Marshall Islands
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 in Marshall Islands?
- Final consumption expenditure in Marshall Islands was 270.51 million constant LCU 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 311.10 million constant LCU in 2019.
- What is the lowest final consumption expenditure recorded in Marshall Islands?
- The lowest recorded value was 231.07 million constant LCU in 2008.
- How does Marshall Islands rank for final consumption expenditure?
- Marshall Islands ranks 177th out of 177 countries with data for 2024.
- Is final consumption expenditure rising or falling in Marshall Islands?
- Over the last ten years it is up 11.2%. The long-run trend across the full record is rising.
- 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 (constant LCU). Statizoid updates them automatically from the source API.
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CSV · JSON — 21 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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 is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.