Marshall Islands's households and NPISHs final consumption expenditure (current US$) was US$198.03 million in 2024, the latest year in the World Bank's World Development Indicators. That is up 38.42% from US$143.06 million in 2014 (3.3% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$198.03 million | 2024 |
| Five years earlier | US$174.84 million | 2019 |
| Ten years earlier | US$143.06 million | 2014 |
| Highest | US$198.03 million | 2024 |
| Lowest | US$106.57 million | 2004 |
| Average since 2015 | US$170.37 million | 2015–2024 |
| First recorded | US$106.57 million |
What the numbers say
In 2024, Marshall Islands' households and NPISHs final consumption expenditure (current US$) rose 5.8% on 2023 (from US$187.21 million to US$198.03 million).
Across the 19 yearly changes before that (2005 to 2023), the average change was +3.1% and a typical year strayed about 4% from that (the standard deviation). This year's change was 0.7 standard deviations above 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% in 2017 and the biggest yearly fall was 2.9% in 2020. 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 US$5.57 million a year. A straight line explains 93% 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.
A straight-line projection, tested first
Extending that straight line gives about US$208.45 million for 2027. We show this only because the same method, fitted on earlier years, predicted 2022 to 2024 better than "no change" would have: its average miss was US$7.21 million, against US$19.2 million for assuming no change. Treat it as a continuation of the recent pattern, not a forecast of events: it cannot see a recession, a policy change or a revision to the data.
See how a linear trend forecast works and the guide on forecasting without fooling yourself.
How it compares
In 2024, Marshall Islands had the 37th highest value of the 36 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.
| Value | Year | |
|---|---|---|
| Marshall Islands | US$198.03 million | 2024 |
| World | US$63.19 trillion | 2024 |
| East Asia & Pacific | US$14.61 trillion | 2024 |
| Upper middle income | US$15.64 trillion | 2024 |
Closest to Marshall Islands in the 2024 ranking
What this measures
This field includes expenditure on goods and services by the Household and NPISH sector for the direct satisfaction of human needs or wants, whether individual or collective. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.
Regional and income-group figures are computed by the World Bank as a gap-filled total.
All 21 values
| Year | Households and NPISHs final consumption expenditure (current US$) |
|---|---|
| 2024 | 198,025,800 |
| 2023 | 187,208,100 |
| 2022 | 186,262,400 |
| 2021 | 171,299,400 |
| 2020 | 169,688,100 |
| 2019 | 174,839,600 |
| 2018 | 165,404,000 |
| 2017 | 161,698,400 |
| 2016 | 147,054,700 |
| 2015 | 142,193,400 |
Households and NPISHs final consumption expenditure (current US$) in nearby economies
- American Samoa — US$621 million (2022)
- Australia — US$932.62 billion (2025)
- Brunei Darussalam — US$4.41 billion (2025)
- Cambodia — US$29.86 billion (2025)
- China — US$7.49 trillion (2024)
- Fiji — US$4.2 billion (2024)
- French Polynesia — US$4.66 billion (2024)
- Guam — US$4.14 billion (2022)
- Hong Kong SAR, China
More economic policy & debt data for Marshall Islands
- GDP (current US$) — 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$364 million (2025)
- GNI (current LCU) — 364 million (2025)
- GNI per capita (current LCU)
Reading data like this
Questions people ask
- What is Marshall Islands's households and NPISHs final consumption expenditure (current US$)?
- US$198.03 million in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 2004?
Source
World Bank, World Development Indicators, indicator NE.CON.PRVT.CD, 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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