Goods and services expense in Marshall Islands
Marshall Islands: Goods and services expense was 37.19 million current LCU in 2020. ▲ Rising
Goods and services expense in Marshall Islands, 2008–2020
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
Marshall Islands recorded 37.19 million current LCU for goods and services expense in 2020.
Compared with earlier readings it is down 25.6% on the previous year and up 53.1% over ten years.
Over the whole period, goods and services expense in Marshall Islands peaked at 49.99 million current LCU in 2019 and was at its lowest, 24.29 million current LCU, in 2010.
That places Marshall Islands 152nd out of 155 countries with data for 2020, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 13 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 24.68 million current LCU | 24.35 million current LCU | 25.01 million current LCU | 2 |
| 2010s | 31.02 million current LCU | 24.29 million current LCU | 49.99 million current LCU | 10 |
| 2020s | 37.19 million current LCU | 37.19 million current LCU | 37.19 million current LCU | 1 |
Countries ranked near Marshall Islands
- 149 Kiribati 107.94 million current LCU compare
- 150 Saint Vincent and the Grenadines 78.14 million current LCU compare
- 151 Nauru 76.28 million current LCU compare
- 153 Micronesia (country) 28.76 million current LCU compare
- 154 Palau 28.06 million current LCU compare
- 155 Zimbabwe 289,333 current LCU compare
More public sector data for Marshall Islands
- Tax revenue 17.2% (2020)
- Taxes on income, profits and capital gains 9.7% (2020)
- Taxes on goods and services 8.4% (2020)
- Net investment in nonfinancial assets 8.8% (2020)
- Net lending (+) / net borrowing (-) 5.0% (2020)
- Interest payments 0.4% (2020)
- Grants and other revenue 75.8% (2020)
- Interest payments 0.5% (2020)
- Other taxes 0.8% (2020)
- Compensation of employees 35.3% (2020)
Frequently asked questions
- What is goods and services expense in Marshall Islands?
- Goods and services expense in Marshall Islands was 37.19 million current LCU in 2020, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest goods and services expense recorded in Marshall Islands?
- The highest recorded value was 49.99 million current LCU in 2019.
- What is the lowest goods and services expense recorded in Marshall Islands?
- The lowest recorded value was 24.29 million current LCU in 2010.
- How does Marshall Islands rank for goods and services expense?
- Marshall Islands ranks 152nd out of 155 countries with data for 2020.
- Is goods and services expense rising or falling in Marshall Islands?
- Over the last ten years it is up 53.1%. The long-run trend across the full record is rising.
- Where does this Marshall Islands data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Goods and services expense (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 13 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Goods and services include all government payments in exchange for goods and services used for the production of market and nonmarket goods and services. Use of goods and services for account capital formation is excluded. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.