Households and NPISHs Final consumption expenditure per capita, PPP in Marshall Islands
Marshall Islands: Households and NPISHs Final consumption expenditure per capita, PPP was 4,349 current international $ in 2021. ▲ Rising
Households and NPISHs Final consumption expenditure per capita, PPP in Marshall Islands, 2011–2021
Source: International Comparison Program (ICP), World Bank (WB), note: This information is for PPP conversion factors., publisher: International Comparison Program (ICP), date published: May 30, 2024. Measured in current international $.
Analysis
Marshall Islands recorded 4,349 current international $ for households and npishs final consumption expenditure per capita, ppp in 2021. That is the highest value across all 11 years on record.
Compared with earlier readings it is up 6.7% on the previous year and up 82.8% over ten years.
Over the whole period, households and npishs final consumption expenditure per capita, ppp in Marshall Islands peaked at 4,349 current international $ in 2021 and was at its lowest, 2,379 current international $, in 2011.
Marshall Islands ranks 139th of 182 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 11 years of available data.
Households and NPISHs Final consumption expenditure per capita, PPP in Marshall Islands, year by year
| Year | current international $ | Change |
|---|---|---|
| 2011 | 2,379 current international $ | — |
| 2012 | 2,438 current international $ | +2.5% |
| 2013 | 2,605 current international $ | +6.9% |
| 2014 | 2,598 current international $ | -0.3% |
| 2015 | 2,698 current international $ | +3.9% |
| 2016 | 2,934 current international $ | +8.8% |
| 2017 | 3,377 current international $ | +15.1% |
| 2018 | 3,607 current international $ | +6.8% |
| 2019 | 3,999 current international $ | +10.9% |
| 2020 | 4,076 current international $ | +1.9% |
| 2021 | 4,349 current international $ | +6.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 2,959 current international $ | 2,379 current international $ | 3,999 current international $ | 9 |
| 2020s | 4,213 current international $ | 4,076 current international $ | 4,349 current international $ | 2 |
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)
- Gross capital formation (current US$), annual growth rate 18.24 % change on previous year (2024)
- Gross capital formation (current US$), per unit of GDP 0.2112 current US$ per US$ of GDP (2024)
- Gross capital formation (current US$), per capita 1,603 current US$ per person (2024)
- Gross capital formation (current LCU), annual growth rate 18.24 % change on previous year (2024)
- Gross capital formation (current LCU), per unit of GDP 0.2112 current LCU per US$ of GDP (2024)
- Gross capital formation (current LCU), per capita 1,603 current LCU per person (2024)
- Gross capital formation (constant 2015 US$), annual growth rate 13.84 % change on previous year (2024)
- Gross capital formation (constant 2015 US$), per unit of GDP 0.198 constant 2015 US$ per US$ of GDP (2024)
Frequently asked questions
- What is households and npishs final consumption expenditure per capita, ppp in Marshall Islands?
- Households and npishs final consumption expenditure per capita, ppp in Marshall Islands was 4,349 current international $ in 2021, according to International Comparison Program (ICP), World Bank (WB), note: This information is for PPP conversion factors., publisher: International Comparison Program (ICP), date published: May 30, 2024.
- What is the highest households and npishs final consumption expenditure per capita, ppp recorded in Marshall Islands?
- The highest recorded value was 4,349 current international $ in 2021.
- What is the lowest households and npishs final consumption expenditure per capita, ppp recorded in Marshall Islands?
- The lowest recorded value was 2,379 current international $ in 2011.
- How does Marshall Islands rank for households and npishs final consumption expenditure per capita, ppp?
- Marshall Islands ranks 139th out of 182 countries with data for 2021.
- Is households and npishs final consumption expenditure per capita, ppp rising or falling in Marshall Islands?
- Over the last ten years it is up 82.8%. The long-run trend across the full record is rising.
- Where does this Marshall Islands data come from?
- The figures come from International Comparison Program (ICP), World Bank (WB), note: This information is for PPP conversion factors., publisher: International Comparison Program (ICP), date published: May 30, 2024, published as part of Households and NPISHs Final consumption expenditure per capita, PPP (current international $). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 11 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
This indicator provides values for final consumption expenditure per person expressed in current international dollars, converted by purchasing power parities (PPPs). PPPs account for the different price levels across countries and thus PPP-based comparisons of economic output are more appropriate for comparing the output of economies and the average material well-being of their inhabitants than exchange-rate based comparisons. Households and NPISHs final consumption expenditure includes expenditure on goods and services by the Household and NPISH sector for the direct satisfaction of human needs or wants, whether individual or collective. This series has been linked to produce a consistent time series to counteract breaks in series over time due to changes in base years, source data and methodologies. Thus, it may not be comparable with other national accounts series in the database for historical years. The core indicator has been divided by the general population to achieve a per capita estimate. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. The PPP conversion factor is a currency conversion factor and a spatial price deflator. PPPs convert different currencies to a common currency and, in the process of conversion, equalize their purchasing power by eliminating the differences in price levels between countries, thereby allowing volume or output comparisons of GDP and its expenditure components.