Marshall Islands's gross national expenditure deflator (base year varies by country) was 126.52 in 2024, the latest year in the World Bank's World Development Indicators. That is up 27.3% from 99.38 in 2014 (2.44% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 126.52 | 2024 |
| Five years earlier | 102.84 | 2019 |
| Ten years earlier | 99.38 | 2014 |
| Highest | 126.52 | 2024 |
| Lowest | 78.41 | 2004 |
| Average since 2015 | 107.67 | 2015–2024 |
| First recorded | 78.41 | 2004 |
What the numbers say
In 2024, Marshall Islands' gross national expenditure deflator (base year varies by country) rose 6.6% on 2023 (from 118.73 to 126.52).
Across the 19 yearly changes before that (2005 to 2023), the average change was +2.2% and a typical year strayed about 2.4% from that (the standard deviation). This year's change was 1.8 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.
On record, the biggest yearly rise was 9.5% in 2008 and the biggest yearly fall was 0.5% in 2009. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2015 to 2024 the straight-line trend is upward, about 2.71 a year. A straight line explains 84% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2024, Marshall Islands had the 16th highest value of the 32 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
Closest to Marshall Islands in the 2024 ranking
What this measures
Gross national expenditure is the sum of household final consumption expenditure, general government final consumption expenditure, and gross capital formation. A deflator is the ratio of an indicator in current prices over the same series in constant prices. The base year varies by country.
All 21 values
| Year | Gross national expenditure deflator (base year varies by country) |
|---|---|
| 2024 | 126.52 |
| 2023 | 118.73 |
| 2022 | 112.13 |
| 2021 | 108.27 |
| 2020 | 105.22 |
| 2019 | 102.84 |
| 2018 | 102.62 |
| 2017 | 100.26 |
| 2016 | 100.12 |
| 2015 | 100 |
| 2014 |
Gross national expenditure deflator (base year varies by country) in nearby economies
- Brunei Darussalam — 100.98 (2025)
- Cambodia — 120.74 (2025)
- China — 106.38 (2024)
- Indonesia — 174.75 (2025)
- Japan — 110.61 (2024)
- Kiribati — 130.48 (2024)
- Korea, Rep. — 116.18 (2025)
- Lao PDR — 112.74 (2016)
- Macao SAR, China
More economic policy & debt data for Marshall Islands
- GDP (current US$) — US$308 million (2025)
- GDP (current LCU) — 308 million (2025)
- GDP (constant 2015 US$) — US$224 million (2025)
- GDP (constant LCU) — 224 million (2025)
- GDP per capita (current US$) — US$8,489 (2025)
- GDP per capita (current LCU) — 8,489 (2025)
- GDP per capita (constant 2015 US$) — US$6,174 (2025)
- GDP per capita (constant LCU) — 6,174 (2025)
- GNI (current US$) — US$364 million (2025)
- GNI (current LCU) — 364 million (2025)
- GNI per capita (current LCU)
Reading data like this
Questions people ask
- What is Marshall Islands's gross national expenditure deflator (base year varies by country)?
- 126.52 in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 2004?
- It is up 61.36% from 78.41 in 2004 (2.42% a year on average, compounded). The highest value was 126.52 in 2024 and the lowest 78.41 in 2004.
- How does Marshall Islands rank?
- 16th highest of 32 economies with data for 2024.
- Is the latest change in gross national expenditure deflator (base year varies by country) unusual for Marshall Islands?
- In 2024, Marshall Islands' gross national expenditure deflator (base year varies by country) rose 6.6% on 2023 (from 118.73 to 126.52). Across the 19 yearly changes before that (2005 to 2023), the average change was +2.2% and a typical year strayed about 2.4% from that (the standard deviation). This year's change was 1.8 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.
Source
World Bank, World Development Indicators, indicator NE.DAB.DEFL.ZS, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Offices (NSOs); National Accounts data files, Central Banks; Staff estimates, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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