General government final consumption … current rate annual growth in Marshall Islands
Marshall Islands: General government final consumption … current rate annual growth was 2.99 % change on previous year in 2024. ◆ Volatile
General government final consumption expenditure (current LCU) in Marshall Islands, 2005–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Marshall Islands recorded 2.99 % change on previous year for general government final consumption expenditure (current lcu) in 2024.
The figure is up 149.5% on the previous year and up 186.3% over ten years.
Over the whole period, general government final consumption expenditure (current lcu) in Marshall Islands peaked at 16.63 % change on previous year in 2019 and was at its lowest, -6.05 % change on previous year, in 2023.
Marshall Islands ranks 145th of 185 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
General government final consumption … current rate annual growth in Marshall Islands, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 2005 | 5.36 % change on previous year | — |
| 2006 | 3.28 % change on previous year | -38.8% |
| 2007 | 6.5 % change on previous year | +98.3% |
| 2008 | 1.76 % change on previous year | -73.0% |
| 2009 | -0.9964 % change on previous year | -156.7% |
| 2010 | -2.23 % change on previous year | +124.1% |
| 2011 | 3.2 % change on previous year | -243.2% |
| 2012 | 4.59 % change on previous year | +43.4% |
| 2013 | 3.02 % change on previous year | -34.2% |
| 2014 | -3.47 % change on previous year | -215.0% |
| 2015 | 4.52 % change on previous year | -230.4% |
| 2016 | 10.25 % change on previous year | +126.8% |
| 2017 | 4.71 % change on previous year | -54.0% |
| 2018 | 10.69 % change on previous year | +126.7% |
| 2019 | 16.63 % change on previous year | +55.6% |
| 2020 | -3.55 % change on previous year | -121.4% |
| 2021 | 7.49 % change on previous year | -311.0% |
| 2022 | 0.7319 % change on previous year | -90.2% |
| 2023 | -6.05 % change on previous year | -926.3% |
| 2024 | 2.99 % change on previous year | -149.5% |
Marshall Islands compared with similar countries
- Marshall Islands's 2.99 % change on previous year is below the median for upper middle income countries, which is 9.15 % change on previous year, 33% of the median. (51 countries reporting)
- Marshall Islands's 2.99 % change on previous year is below the median for East Asia & Pacific, which is 3.5 % change on previous year, 85% of the median. (29 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 3.18 % change on previous year | -0.9964 % change on previous year | 6.5 % change on previous year | 5 |
| 2010s | 5.19 % change on previous year | -3.47 % change on previous year | 16.63 % change on previous year | 10 |
| 2020s | 0.3238 % change on previous year | -6.05 % change on previous year | 7.49 % change on previous year | 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)
- SDRs holdings, US dollar, annual growth rate 4.97 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0342 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 290.63 units per person (2025)
- SDRs holdings, SDR, annual growth rate -0.0384 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.025 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 212.21 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0202 units per US$ of GDP (2025)
Frequently asked questions
- What is general government final consumption expenditure (current lcu) in Marshall Islands?
- General government final consumption expenditure (current lcu) in Marshall Islands was 2.99 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest general government final consumption expenditure (current lcu) recorded in Marshall Islands?
- The highest recorded value was 16.63 % change on previous year in 2019.
- What is the lowest general government final consumption expenditure (current lcu) recorded in Marshall Islands?
- The lowest recorded value was -6.05 % change on previous year in 2023.
- How does Marshall Islands rank for general government final consumption expenditure (current lcu)?
- Marshall Islands ranks 145th out of 185 countries with data for 2024.
- Is general government final consumption expenditure (current lcu) rising or falling in Marshall Islands?
- Over the last ten years it is up 186.3%. 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 General government 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 General government final consumption expenditure (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- General government 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 General government final consumption expenditure (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.