Ppp conversion factor for private consumption in Marshall Islands
Marshall Islands: Ppp conversion factor for private consumption was 0.9521 in 2021. ▼ Falling
Ppp conversion factor for private consumption in Marshall Islands, 2011–2021
Source: Our World in Data.
Analysis
The most recent figure for ppp conversion factor for private consumption in Marshall Islands is 0.9521, measured in 2021. That is the lowest value across all 11 years on record.
Compared with earlier readings it is down 2.3% on the previous year and down 12.1% over ten years.
Over the whole period, ppp conversion factor for private consumption in Marshall Islands peaked at 1.11 in 2013 and was at its lowest, 0.9521, in 2021.
Marshall Islands ranks 158th of 204 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 11 years of available data.
Ppp conversion factor for private consumption in Marshall Islands, year by year
| Year | Value | Change |
|---|---|---|
| 2011 | 1.08 | — |
| 2012 | 1.11 | +2.2% |
| 2013 | 1.11 | +0.4% |
| 2014 | 1.11 | -0.5% |
| 2015 | 1.08 | -2.4% |
| 2016 | 1.05 | -2.7% |
| 2017 | 1.03 | -2.0% |
| 2018 | 1.01 | -1.6% |
| 2019 | 0.9935 | -1.9% |
| 2020 | 0.9749 | -1.9% |
| 2021 | 0.9521 | -2.3% |
Marshall Islands compared with similar countries
- Marshall Islands's 0.9521 is below the median for upper middle income countries, which is 8.77, 11% of the median. (57 countries reporting)
- Marshall Islands's 0.9521 is below the median for East Asia & Pacific, which is 2.32, 41% of the median. (36 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 1.06 | 0.9935 | 1.11 | 9 |
| 2020s | 0.9635 | 0.9521 | 0.9749 | 2 |
Countries ranked near Marshall Islands
- 155 United States 1 compare
- 156 Tunisia 0.9803 compare
- 157 Palau 0.9633 compare
- 159 Northern Mariana Islands 0.9375 compare
- 160 Kiribati 0.9344 compare
- 161 Micronesia (country) 0.9267 compare
More economy & growth data for Marshall Islands
- Real gdp growth, annual growth rate 157.02 % change on previous year (2024)
- 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)
Frequently asked questions
- What is ppp conversion factor for private consumption in Marshall Islands?
- Ppp conversion factor for private consumption in Marshall Islands was 0.9521 in 2021, according to Our World in Data.
- What is the highest ppp conversion factor for private consumption recorded in Marshall Islands?
- The highest recorded value was 1.11 in 2013.
- What is the lowest ppp conversion factor for private consumption recorded in Marshall Islands?
- The lowest recorded value was 0.9521 in 2021.
- How does Marshall Islands rank for ppp conversion factor for private consumption?
- Marshall Islands ranks 158th out of 204 countries with data for 2021.
- Is ppp conversion factor for private consumption rising or falling in Marshall Islands?
- Over the last ten years it is down 12.1%. The long-run trend across the full record is falling.
- Where does this Marshall Islands data come from?
- The figures come from Our World in Data, published as part of Ppp conversion factor for private consumption. Statizoid updates them automatically from the source API.
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