Final consumption expenditure (current LCU), annual growth rate in Marshall Islands
Marshall Islands: Final consumption expenditure (current LCU), annual growth rate was 4.54 % change on previous year in 2024. ◆ Volatile
Final consumption expenditure (current LCU), annual growth rate in Marshall Islands, 2005–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2024, final consumption expenditure (current lcu), annual growth rate in Marshall Islands stood at 4.54 % change on previous year.
The figure is up 279.4% on the previous year and up 255.3% over ten years.
Over the whole period, final consumption expenditure (current lcu), annual growth rate in Marshall Islands peaked at 10.55 % change on previous year in 2019 and was at its lowest, -3.23 % change on previous year, in 2020.
That places Marshall Islands 147th out of 187 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Final consumption expenditure (current LCU), annual growth rate in Marshall Islands, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 2005 | 6.88 % change on previous year | — |
| 2006 | 1.39 % change on previous year | -79.8% |
| 2007 | 7.43 % change on previous year | +432.8% |
| 2008 | 0.0665 % change on previous year | -99.1% |
| 2009 | -0.8649 % change on previous year | -1399.8% |
| 2010 | 0.5431 % change on previous year | -162.8% |
| 2011 | 5.24 % change on previous year | +865.5% |
| 2012 | 4.09 % change on previous year | -21.9% |
| 2013 | 4.6 % change on previous year | +12.4% |
| 2014 | -2.92 % change on previous year | -163.4% |
| 2015 | 1.49 % change on previous year | -151.0% |
| 2016 | 6.29 % change on previous year | +322.9% |
| 2017 | 7.67 % change on previous year | +21.9% |
| 2018 | 5.85 % change on previous year | -23.7% |
| 2019 | 10.55 % change on previous year | +80.3% |
| 2020 | -3.23 % change on previous year | -130.6% |
| 2021 | 4 % change on previous year | -223.9% |
| 2022 | 4.88 % change on previous year | +21.9% |
| 2023 | -2.53 % change on previous year | -151.8% |
| 2024 | 4.54 % change on previous year | -279.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 2.98 % change on previous year | -0.8649 % change on previous year | 7.43 % change on previous year | 5 |
| 2010s | 4.34 % change on previous year | -2.92 % change on previous year | 10.55 % change on previous year | 10 |
| 2020s | 1.53 % change on previous year | -3.23 % change on previous year | 4.88 % change on previous year | 5 |
Countries ranked near Marshall Islands
- 144 Singapore 4.67 % change on previous year compare
- 145 Bahamas 4.63 % change on previous year compare
- 146 Germany 4.62 % change on previous year compare
- 148 Faroe Islands 4.23 % change on previous year compare
- 149 Belgium 4.16 % change on previous year compare
- 150 Bhutan 4.15 % 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)
- Households and NPISHs Final consumption expenditure (current LCU) 5.78 % change on previous year (2024)
- Households and NPISHs Final consumption expenditure (current LCU) 0.6948 current LCU per US$ of GDP (2024)
- Households and NPISHs Final consumption expenditure (current LCU) 5,274 current LCU per person (2024)
- Households and NPISHs Final consumption expenditure (constant 2015) -1.58 % change on previous year (2024)
- Households and NPISHs Final consumption expenditure (constant 2015) 0.5356 constant 2015 US$ per US$ of GDP (2024)
- Households and NPISHs Final consumption expenditure (constant 2015) 4,066 constant 2015 US$ per person (2024)
- Final consumption expenditure (current US$), annual growth rate 4.54 % change on previous year (2024)
- Final consumption expenditure (current US$), per unit of GDP 1.24 current US$ per US$ of GDP (2024)
Frequently asked questions
- What is final consumption expenditure (current lcu), annual growth rate in Marshall Islands?
- Final consumption expenditure (current lcu), annual growth rate in Marshall Islands was 4.54 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest final consumption expenditure (current lcu), annual growth rate recorded in Marshall Islands?
- The highest recorded value was 10.55 % change on previous year in 2019.
- What is the lowest final consumption expenditure (current lcu), annual growth rate recorded in Marshall Islands?
- The lowest recorded value was -3.23 % change on previous year in 2020.
- How does Marshall Islands rank for final consumption expenditure (current lcu), annual growth rate?
- Marshall Islands ranks 147th out of 187 countries with data for 2024.
- Is final consumption expenditure (current lcu), annual growth rate rising or falling in Marshall Islands?
- Over the last ten years it is up 255.3%. 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 (current 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 (current 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 (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.