Households and NPISHs Final consumption expenditure, PPP in Marshall Islands
Marshall Islands: Households and NPISHs Final consumption expenditure, PPP was 171.81 million constant 2021 international $ in 2024. ▲ Rising
Households and NPISHs Final consumption expenditure, PPP in Marshall Islands, 2004–2024
Source: International Comparison Program (ICP), World Bank (WB). Measured in constant 2021 international $.
Analysis
In 2024, households and npishs final consumption expenditure, ppp in Marshall Islands stood at 171.81 million constant 2021 international $.
That represents a change of down 1.6% on the previous year and up 6.6% over ten years.
Over the whole period, households and npishs final consumption expenditure, ppp in Marshall Islands peaked at 192.25 million constant 2021 international $ in 2019 and was at its lowest, 147.69 million constant 2021 international $, in 2008.
Marshall Islands ranks 170th of 170 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 21 years of available data.
Households and NPISHs Final consumption expenditure, PPP in Marshall Islands, year by year
| Year | constant 2021 international $ | Change |
|---|---|---|
| 2004 | 166.37 million constant 2021 international $ | — |
| 2005 | 174.14 million constant 2021 international $ | +4.7% |
| 2006 | 165.38 million constant 2021 international $ | -5.0% |
| 2007 | 171.15 million constant 2021 international $ | +3.5% |
| 2008 | 147.69 million constant 2021 international $ | -13.7% |
| 2009 | 149.04 million constant 2021 international $ | +0.9% |
| 2010 | 149.35 million constant 2021 international $ | +0.2% |
| 2011 | 154.90 million constant 2021 international $ | +3.7% |
| 2012 | 157.15 million constant 2021 international $ | +1.5% |
| 2013 | 168.51 million constant 2021 international $ | +7.2% |
| 2014 | 161.19 million constant 2021 international $ | -4.3% |
| 2015 | 160.03 million constant 2021 international $ | -0.7% |
| 2016 | 165.54 million constant 2021 international $ | +3.4% |
| 2017 | 182.19 million constant 2021 international $ | +10.1% |
| 2018 | 180.73 million constant 2021 international $ | -0.8% |
| 2019 | 192.25 million constant 2021 international $ | +6.4% |
| 2020 | 186.34 million constant 2021 international $ | -3.1% |
| 2021 | 179.92 million constant 2021 international $ | -3.4% |
| 2022 | 188.61 million constant 2021 international $ | +4.8% |
| 2023 | 174.56 million constant 2021 international $ | -7.4% |
| 2024 | 171.81 million constant 2021 international $ | -1.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 162.29 million constant 2021 international $ | 147.69 million constant 2021 international $ | 174.14 million constant 2021 international $ | 6 |
| 2010s | 167.18 million constant 2021 international $ | 149.35 million constant 2021 international $ | 192.25 million constant 2021 international $ | 10 |
| 2020s | 180.25 million constant 2021 international $ | 171.81 million constant 2021 international $ | 188.61 million constant 2021 international $ | 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)
- Exports of goods and services (current LCU), annual growth rate 4.72 % change on previous year (2025)
- Exports of goods and services (current LCU), per unit of GDP 0.3604 current LCU per US$ of GDP (2025)
- Exports of goods and services (current LCU), per capita 3,059 current LCU per person (2025)
- Exports of goods and services (constant 2015 US$), annual growth rate 18.74 % change on previous year (2024)
- Exports of goods and services (constant 2015 US$), per unit of GDP 0.3175 constant 2015 US$ per US$ of GDP (2024)
- Exports of goods and services (constant 2015 US$), per capita 2,410 constant 2015 US$ per person (2024)
- Gross fixed capital formation (current US$), annual growth rate 24.94 % change on previous year (2024)
- Gross fixed capital formation (current US$), per unit of GDP 0.2286 current US$ per US$ of GDP (2024)
Frequently asked questions
- What is households and npishs final consumption expenditure, ppp in Marshall Islands?
- Households and npishs final consumption expenditure, ppp in Marshall Islands was 171.81 million constant 2021 international $ in 2024, according to International Comparison Program (ICP), World Bank (WB).
- What is the highest households and npishs final consumption expenditure, ppp recorded in Marshall Islands?
- The highest recorded value was 192.25 million constant 2021 international $ in 2019.
- What is the lowest households and npishs final consumption expenditure, ppp recorded in Marshall Islands?
- The lowest recorded value was 147.69 million constant 2021 international $ in 2008.
- How does Marshall Islands rank for households and npishs final consumption expenditure, ppp?
- Marshall Islands ranks 170th out of 170 countries with data for 2024.
- Is households and npishs final consumption expenditure, ppp rising or falling in Marshall Islands?
- Over the last ten years it is up 6.6%. 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), published as part of Households and NPISHs Final consumption expenditure, PPP (constant 2021 international $). Statizoid updates them automatically from the source API.
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About this data
This indicator provides values for final consumption expenditure expressed in constant 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 indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2021. 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.