Final consumption expenditure in Marshall Islands
Marshall Islands: Final consumption expenditure was 270.51 million constant 2015 US$ in 2024. ▲ Rising
Final consumption expenditure in Marshall Islands, 2004–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant 2015 US$.
Analysis
Marshall Islands recorded 270.51 million constant 2015 US$ for final consumption expenditure in 2024.
The figure is down 2.7% on the previous year and up 11.2% over ten years.
Over the whole period, final consumption expenditure in Marshall Islands peaked at 311.10 million constant 2015 US$ in 2019 and was at its lowest, 231.07 million constant 2015 US$, in 2008.
Marshall Islands ranks 171st of 171 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 21 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 242.33 million constant 2015 US$ | 231.07 million constant 2015 US$ | 255.29 million constant 2015 US$ | 6 |
| 2010s | 258.74 million constant 2015 US$ | 231.30 million constant 2015 US$ | 311.10 million constant 2015 US$ | 10 |
| 2020s | 289.37 million constant 2015 US$ | 270.51 million constant 2015 US$ | 303.32 million constant 2015 US$ | 5 |
Countries ranked near Marshall Islands
More economy & growth data for Marshall Islands
- Exports of goods and services 18.7% (2024)
- Gross national expenditure 413.62 million current LCU (2024)
- Gross national expenditure 326.93 million constant 2015 US$ (2024)
- Industry (including construction), value added 4.2% (2024)
- Gross national expenditure 145.1% (2024)
- Exports of goods and services 111.00 million current US$ (2025)
- Exports of goods and services 111.00 million current LCU (2025)
- Exports of goods and services 90.49 million constant 2015 US$ (2024)
- Gross fixed capital formation 60.68 million constant 2015 US$ (2024)
- Gross fixed capital formation 65.14 million current LCU (2024)
Frequently asked questions
- What is final consumption expenditure in Marshall Islands?
- Final consumption expenditure in Marshall Islands was 270.51 million constant 2015 US$ in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest final consumption expenditure recorded in Marshall Islands?
- The highest recorded value was 311.10 million constant 2015 US$ in 2019.
- What is the lowest final consumption expenditure recorded in Marshall Islands?
- The lowest recorded value was 231.07 million constant 2015 US$ in 2008.
- How does Marshall Islands rank for final consumption expenditure?
- Marshall Islands ranks 171st out of 171 countries with data for 2024.
- Is final consumption expenditure rising or falling in Marshall Islands?
- Over the last ten years it is up 11.2%. The long-run trend across the full record is rising.
- 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 Final consumption expenditure (constant 2015 US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 21 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Final consumption expenditure is expenditure on goods and services by resident institutional units for the direct satisfaction of human needs or wants, whether individual or collective. Final consumption expenditure can be measured for households, general government, the central bank and non-profit institutions serving households. 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 2015. This indicator is expressed in United States dollars.