Final consumption expenditure in Marshall Islands
Marshall Islands: Final consumption expenditure was 124.0% in 2024. ▼ Falling
Final consumption expenditure in Marshall Islands, 2004–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
Marshall Islands recorded 124.0% for final consumption expenditure in 2024. That is the lowest value across all 21 years on record.
Compared with earlier readings it is down 3.2% on the previous year and down 4.6% over ten years.
Over the whole period, final consumption expenditure in Marshall Islands peaked at 148.7% in 2008 and was at its lowest, 124.0%, in 2024.
Marshall Islands ranks 9th of 187 countries on this measure, in the top 10%.
The long-run direction has been consistently falling across the 21 years of available data.
Final consumption expenditure in Marshall Islands, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2004 | 140.8% | — |
| 2005 | 145.0% | +2.9% |
| 2006 | 141.7% | -2.3% |
| 2007 | 144.8% | +2.2% |
| 2008 | 148.7% | +2.7% |
| 2009 | 143.0% | -3.9% |
| 2010 | 134.9% | -5.6% |
| 2011 | 132.8% | -1.6% |
| 2012 | 131.8% | -0.7% |
| 2013 | 133.6% | +1.4% |
| 2014 | 130.0% | -2.7% |
| 2015 | 133.6% | +2.8% |
| 2016 | 129.3% | -3.2% |
| 2017 | 131.4% | +1.7% |
| 2018 | 135.1% | +2.8% |
| 2019 | 141.1% | +4.4% |
| 2020 | 131.5% | -6.8% |
| 2021 | 126.6% | -3.7% |
| 2022 | 134.1% | +5.9% |
| 2023 | 128.1% | -4.5% |
| 2024 | 124.0% | -3.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 144.0% | 140.8% | 148.7% | 6 |
| 2010s | 133.4% | 129.3% | 141.1% | 10 |
| 2020s | 128.9% | 124.0% | 134.1% | 5 |
Countries ranked near Marshall Islands
More economy & growth data for Marshall Islands
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 1.5 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 0.6305 Percent per annum (2029)
- External balance on goods and services as a percent of GDP -43.8% (2025)
- Manufacturing value added to gdp, per unit of GDP 0 units per US$ of GDP (2024)
- Manufacturing value added to gdp, per capita 0.0001 units per person (2024)
- Gdp worldbank constant usd, annual growth rate 2.28 % change on previous year (2025)
- Gdp worldbank constant usd, per capita 6,174 units per person (2025)
- Gdp worldbank constant usd, per unit of GDP 0.7273 units per US$ of GDP (2025)
- GDP per capita 6,174 constant 2015 US$ (2025)
- Imports of goods and services 10.7% (2024)
Frequently asked questions
- What is final consumption expenditure in Marshall Islands?
- Final consumption expenditure in Marshall Islands was 124.0% 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 148.7% in 2008.
- What is the lowest final consumption expenditure recorded in Marshall Islands?
- The lowest recorded value was 124.0% in 2024.
- How does Marshall Islands rank for final consumption expenditure?
- Marshall Islands ranks 9th out of 187 countries with data for 2024.
- Is final consumption expenditure rising or falling in Marshall Islands?
- Over the last ten years it is down 4.6%. The long-run trend across the full record is falling.
- 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 (% of GDP). 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.