Gross national expenditure (constant LCU), per unit of GDP in Marshall Islands
Marshall Islands: Gross national expenditure (constant LCU), per unit of GDP was 1.15 constant LCU per US$ of GDP in 2024. ▼ Falling
Gross national expenditure (constant LCU), per unit of GDP in Marshall Islands, 2004–2024
Source: Statizoid (derived). Measured in constant LCU per US$ of GDP.
Analysis
Marshall Islands recorded 1.15 constant LCU per US$ of GDP for gross national expenditure (constant lcu), per unit of gdp in 2024. That is the lowest value across all 21 years on record.
Compared with earlier readings it is down 7.6% on the previous year and down 24.2% over ten years.
Over the whole period, gross national expenditure (constant lcu), per unit of gdp in Marshall Islands peaked at 2.05 constant LCU per US$ of GDP in 2006 and was at its lowest, 1.15 constant LCU per US$ of GDP, in 2024.
That places Marshall Islands 124th out of 169 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently falling across the 21 years of available data.
Gross national expenditure (constant LCU), per unit of GDP in Marshall Islands, year by year
| Year | constant LCU per US$ of GDP | Change |
|---|---|---|
| 2004 | 2.02 constant LCU per US$ of GDP | — |
| 2005 | 2.01 constant LCU per US$ of GDP | -0.4% |
| 2006 | 2.05 constant LCU per US$ of GDP | +1.6% |
| 2007 | 1.99 constant LCU per US$ of GDP | -2.7% |
| 2008 | 1.79 constant LCU per US$ of GDP | -10.2% |
| 2009 | 1.93 constant LCU per US$ of GDP | +7.8% |
| 2010 | 1.88 constant LCU per US$ of GDP | -2.6% |
| 2011 | 1.61 constant LCU per US$ of GDP | -14.4% |
| 2012 | 1.49 constant LCU per US$ of GDP | -7.3% |
| 2013 | 1.62 constant LCU per US$ of GDP | +8.6% |
| 2014 | 1.51 constant LCU per US$ of GDP | -6.5% |
| 2015 | 1.51 constant LCU per US$ of GDP | -0.3% |
| 2016 | 1.5 constant LCU per US$ of GDP | -0.7% |
| 2017 | 1.54 constant LCU per US$ of GDP | +2.5% |
| 2018 | 1.54 constant LCU per US$ of GDP | +0.0% |
| 2019 | 1.89 constant LCU per US$ of GDP | +22.9% |
| 2020 | 1.45 constant LCU per US$ of GDP | -23.4% |
| 2021 | 1.35 constant LCU per US$ of GDP | -6.6% |
| 2022 | 1.43 constant LCU per US$ of GDP | +6.0% |
| 2023 | 1.24 constant LCU per US$ of GDP | -13.3% |
| 2024 | 1.15 constant LCU per US$ of GDP | -7.6% |
Marshall Islands compared with similar countries
- Marshall Islands's 1.15 constant LCU per US$ of GDP is below the median for upper middle income countries, which is 12.28 constant LCU per US$ of GDP, 9% of the median. (46 countries reporting)
- Marshall Islands's 1.15 constant LCU per US$ of GDP is below the median for East Asia & Pacific, which is 4.38 constant LCU per US$ of GDP, 26% of the median. (23 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1.97 constant LCU per US$ of GDP | 1.79 constant LCU per US$ of GDP | 2.05 constant LCU per US$ of GDP | 6 |
| 2010s | 1.61 constant LCU per US$ of GDP | 1.49 constant LCU per US$ of GDP | 1.89 constant LCU per US$ of GDP | 10 |
| 2020s | 1.32 constant LCU per US$ of GDP | 1.15 constant LCU per US$ of GDP | 1.45 constant LCU per US$ of GDP | 5 |
Countries ranked near Marshall Islands
- 121 Palau 1.17 constant LCU per US$ of GDP compare
- 122 Canada 1.16 constant LCU per US$ of GDP compare
- 123 Argentina 1.16 constant LCU per US$ of GDP compare
- 125 Brunei 1.04 constant LCU per US$ of GDP compare
- 126 El Salvador 1 constant LCU per US$ of GDP compare
- 127 Palestine 0.9614 constant LCU per US$ of GDP 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)
- 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 gross national expenditure (constant lcu), per unit of gdp in Marshall Islands?
- Gross national expenditure (constant lcu), per unit of gdp in Marshall Islands was 1.15 constant LCU per US$ of GDP in 2024, according to Statizoid (derived).
- What is the highest gross national expenditure (constant lcu), per unit of gdp recorded in Marshall Islands?
- The highest recorded value was 2.05 constant LCU per US$ of GDP in 2006.
- What is the lowest gross national expenditure (constant lcu), per unit of gdp recorded in Marshall Islands?
- The lowest recorded value was 1.15 constant LCU per US$ of GDP in 2024.
- How does Marshall Islands rank for gross national expenditure (constant lcu), per unit of gdp?
- Marshall Islands ranks 124th out of 169 countries with data for 2024.
- Is gross national expenditure (constant lcu), per unit of gdp rising or falling in Marshall Islands?
- Over the last ten years it is down 24.2%. The long-run trend across the full record is falling.
- Where does this Marshall Islands data come from?
- The figures come from Statizoid (derived), published as part of Gross national expenditure (constant LCU), per unit of GDP. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 21 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
Gross national expenditure (constant LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Gross national expenditure (constant LCU) ÷ GDP (current US$)
Computed from
- Gross national expenditure Country official statistics, National Statistical Organizations and/or Central Banks
- GDP 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
Gross national expenditure (constant LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.