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 176th of 176 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 21 years of available data.
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
- External balance on goods and services as a percent of GDP -43.8% (2025)
- GDP per capita 6,174 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 3.2% (2024)
- Gross domestic product (GDP) 224.00 million constant 2015 US$ (2025)
- GDP per capita in international and market dollars 6,174 constant 2015 US$ (2025)
- DEC alternative conversion factor 1 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) 124.43 million current LCU (2024)
- Net secondary income (Net current transfers from abroad) 124.43 million current US$ (2024)
- Taxes less subsidies on products 12.05 million current LCU (2024)
- Taxes less subsidies on products 12.05 million current US$ (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 176th out of 176 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.
Download this data
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.