Households and NPISHs final consumption expenditure in Marshall Islands
Marshall Islands: Households and NPISHs final consumption expenditure was 69.5% in 2024. ▼ Falling
Households and NPISHs final consumption expenditure in Marshall Islands, 2004–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
In 2024, households and npishs final consumption expenditure in Marshall Islands stood at 69.5%.
That represents a change of down 2.0% on the previous year and down 9.7% over ten years.
Over the whole period, households and npishs final consumption expenditure in Marshall Islands peaked at 83.9% in 2008 and was at its lowest, 65.6%, in 2021.
That places Marshall Islands 66th out of 190 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.
Households and NPISHs final consumption expenditure in Marshall Islands, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2004 | 80.2% | — |
| 2005 | 83.4% | +4.0% |
| 2006 | 80.4% | -3.6% |
| 2007 | 82.7% | +2.9% |
| 2008 | 83.9% | +1.4% |
| 2009 | 80.7% | -3.8% |
| 2010 | 77.8% | -3.6% |
| 2011 | 77.7% | -0.2% |
| 2012 | 76.8% | -1.1% |
| 2013 | 78.7% | +2.5% |
| 2014 | 76.9% | -2.3% |
| 2015 | 77.4% | +0.6% |
| 2016 | 72.9% | -5.9% |
| 2017 | 75.7% | +3.8% |
| 2018 | 75.2% | -0.6% |
| 2019 | 75.1% | -0.2% |
| 2020 | 70.2% | -6.5% |
| 2021 | 65.6% | -6.6% |
| 2022 | 72.0% | +9.8% |
| 2023 | 70.9% | -1.5% |
| 2024 | 69.5% | -2.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 81.9% | 80.2% | 83.9% | 6 |
| 2010s | 76.4% | 72.9% | 78.7% | 10 |
| 2020s | 69.6% | 65.6% | 72.0% | 5 |
Countries ranked near Marshall Islands
- 63 Mexico 70.2% compare
- 64 Argentina 70.0% compare
- 65 Bolivia, Plurinational State of 69.6% compare
- 67 Bosnia and Herzegovina 69.4% compare
- 68 Seychelles 69.3% compare
- 69 Albania 69.2% 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 households and npishs final consumption expenditure in Marshall Islands?
- Households and npishs final consumption expenditure in Marshall Islands was 69.5% in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest households and npishs final consumption expenditure recorded in Marshall Islands?
- The highest recorded value was 83.9% in 2008.
- What is the lowest households and npishs final consumption expenditure recorded in Marshall Islands?
- The lowest recorded value was 65.6% in 2021.
- How does Marshall Islands rank for households and npishs final consumption expenditure?
- Marshall Islands ranks 66th out of 190 countries with data for 2024.
- Is households and npishs final consumption expenditure rising or falling in Marshall Islands?
- Over the last ten years it is down 9.7%. 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 Households and NPISHs final consumption expenditure (% of GDP). Statizoid updates them automatically from the source API.
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About this data
This field 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 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.