Marshall Islands: Households and NPISHs final consumption expenditure (constant 2015 US$)

Key figures

What the numbers say

In 2024, Marshall Islands' households and NPISHs final consumption expenditure (constant 2015 US$) fell 1.6% on 2023 (from US$155.11 million to US$152.66 million).

Across the 19 yearly changes before that (2005 to 2023), the average change was +0.4% and a typical year strayed about 5.7% from that (the standard deviation). This year's change was 0.3 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

On record, the biggest yearly rise was 10.1% in 2017 and the biggest yearly fall was 13.7% in 2008. 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 there is no clear straight-line trend: a straight line explains 12% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.

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 31st highest value of the 30 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

• Tonga — 27th of 30: US$507.74 million
• Kiribati — 28th of 30: US$358.53 million
• Palau — 29th of 30: US$187.37 million

What this measures

This field 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 2015. This indicator is expressed in United States dollars.

Limitations: Because policymakers have tended to focus on fostering the growth of output, and because data on production are easier to collect than data on spending, many countries generate their primary estimate of GDP using the production approach. Moreover, many countries do not estimate all the components of national expenditures but instead derive some of the main aggregates indirectly using GDP (based on the production approach) as the control total. Household final consumption expenditure is often estimated as a residual, by subtracting all other known expenditures from GDP. The resulting aggregate may incorporate fairly large discrepancies.

Regional and income-group figures are computed by the World Bank as a gap-filled total.

All 21 values

Households and NPISHs final consumption expenditure (constant 2015 US$) in nearby economies

• American Samoa — US$500.18 million (2022)
• Australia — US$928.78 billion (2025)
• Brunei Darussalam — US$4.57 billion (2025)
• Cambodia — US$24.63 billion (2025)
• China — US$7.56 trillion (2024)
• Guam — US$3.44 billion (2022)
• Hong Kong SAR, China — US$231.19 billion (2025)
• Indonesia — US$727.66 billion (2025)

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

• Where to find free public data, and how to check it before you trust it — 2 min read
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Questions people ask

What is Marshall Islands's households and NPISHs final consumption expenditure (constant 2015 US$)?

US$152.66 million in 2024, according to the World Bank (World Development Indicators).

How has it changed since 2004?

It is up 3.27% from US$147.83 million in 2004 (0.16% a year on average, compounded). The highest value was US$170.82 million in 2019 and the lowest US$131.22 million in 2008.

How does Marshall Islands rank?

31st highest of 30 economies with data for 2024.

Is the latest change in households and NPISHs final consumption expenditure (constant 2015 US$) unusual for Marshall Islands?

Source

World Bank, World Development Indicators, indicator NE.CON.PRVT.KD, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); 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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