Final consumption expenditure in Marshall Islands
Marshall Islands: Final consumption expenditure was 353.44 million current 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 current LCU.
Analysis
Marshall Islands recorded 353.44 million current LCU for final consumption expenditure in 2024. That is the highest value across all 21 years on record.
Compared with earlier readings it is up 4.5% on the previous year and up 46.2% over ten years.
Over the whole period, final consumption expenditure in Marshall Islands peaked at 353.44 million current LCU in 2024 and was at its lowest, 187.17 million current LCU, in 2004.
Marshall Islands ranks 188th of 188 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 | current LCU | Change |
|---|---|---|
| 2004 | 187.17 million current LCU | — |
| 2005 | 200.06 million current LCU | +6.9% |
| 2006 | 202.84 million current LCU | +1.4% |
| 2007 | 217.91 million current LCU | +7.4% |
| 2008 | 218.05 million current LCU | +0.1% |
| 2009 | 216.16 million current LCU | -0.9% |
| 2010 | 217.34 million current LCU | +0.5% |
| 2011 | 228.74 million current LCU | +5.2% |
| 2012 | 238.10 million current LCU | +4.1% |
| 2013 | 249.06 million current LCU | +4.6% |
| 2014 | 241.79 million current LCU | -2.9% |
| 2015 | 245.39 million current LCU | +1.5% |
| 2016 | 260.83 million current LCU | +6.3% |
| 2017 | 280.84 million current LCU | +7.7% |
| 2018 | 297.27 million current LCU | +5.9% |
| 2019 | 328.63 million current LCU | +10.5% |
| 2020 | 318.02 million current LCU | -3.2% |
| 2021 | 330.75 million current LCU | +4.0% |
| 2022 | 346.88 million current LCU | +4.9% |
| 2023 | 338.11 million current LCU | -2.5% |
| 2024 | 353.44 million current LCU | +4.5% |
Marshall Islands compared with similar countries
- Marshall Islands's 353.44 million current LCU is below the median for upper middle income countries, which is 1.38 trillion current LCU, 0% of the median. (52 countries reporting)
- Marshall Islands's 353.44 million current LCU is below the median for East Asia & Pacific, which is 737.40 billion current LCU, 0% of the median. (29 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 207.03 million current LCU | 187.17 million current LCU | 218.05 million current LCU | 6 |
| 2010s | 258.80 million current LCU | 217.34 million current LCU | 328.63 million current LCU | 10 |
| 2020s | 337.44 million current LCU | 318.02 million current LCU | 353.44 million current 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 353.44 million current 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 353.44 million current LCU in 2024.
- What is the lowest final consumption expenditure recorded in Marshall Islands?
- The lowest recorded value was 187.17 million current LCU in 2004.
- How does Marshall Islands rank for final consumption expenditure?
- Marshall Islands ranks 188th out of 188 countries with data for 2024.
- Is final consumption expenditure rising or falling in Marshall Islands?
- Over the last ten years it is up 46.2%. 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 (current 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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.