Marshall Islands's discrepancy in expenditure estimate of GDP (constant LCU) was 2.18 million in 2024, the latest year in the World Bank's World Development Indicators. That is up 108.98% from -24.29 million in 2019.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 2.18 million | 2024 |
| Five years earlier | -24.29 million | 2019 |
| Highest | 2.18 million | 2024 |
| Lowest | -38.72 million | 2021 |
| Average since 2015 | -15.55 million | 2015–2024 |
| First recorded | -1.78 million | 2015 |
Over five years it is up 108.98% from -24.29 million in 2019. Since 2015 it is up 222.57% from -1.78 million in 2015.
What the numbers say
In 2024, Marshall Islands' discrepancy in expenditure estimate of GDP (constant LCU) rose 12.8 million on 2023 (from -10.62 million to 2.18 million).
Across the 8 yearly changes before that (2016 to 2023), the average change was −1.1 million and a typical year strayed about 12.64 million from that (the standard deviation). This year's change was 1.1 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 16.59 million in 2023 and the biggest yearly fall was 19.01 million in 2021. 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 2% 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 7th highest value of the 14 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
Although the SNA ensures there is perfect consistency between the three measures of GDP, this is a conceptual consistency that in general does not emerge naturally from data compilations. This is because of the wide disparity of data sources that must be called on and the fact that any error in any source will lead to a difference between at least two of the GDP measures. In practice it is inevitable that many such data errors will exist and will become apparent in exercises such as the balancing of supply and use tables. This indicator is expressed in constant prices, meaning the underlying series have been adjusted to account for price changes over time. The reference year for this adjustment varies by country.
All 10 values
| Year | Discrepancy in expenditure estimate of GDP (constant LCU) |
|---|---|
| 2024 | 2,181,700 |
| 2023 | -10,616,000 |
| 2022 | -27,204,900 |
| 2021 | -38,719,500 |
| 2020 | -19,710,700 |
| 2019 | -24,288,100 |
| 2018 | -10,242,800 |
| 2017 | -11,707,000 |
| 2016 | -13,450,400 |
| 2015 | -1,780,000 |
Discrepancy in expenditure estimate of GDP (constant LCU) in nearby economies
- Brunei Darussalam — -423.19 million (2025)
- Cambodia — 1.42 trillion (2025)
- Indonesia — 234.87 trillion (2025)
- Japan — 0 (2025)
- Malaysia — -1,000 (2025)
- Mongolia — 156.28 billion (2025)
- New Zealand — -2.07 billion (2025)
- Samoa — 85.38 million (2025)
- Singapore — 3.62 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
Questions people ask
- What is Marshall Islands's discrepancy in expenditure estimate of GDP (constant LCU)?
- 2.18 million in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 2015?
- It is up 222.57% from -1.78 million in 2015. The highest value was 2.18 million in 2024 and the lowest -38.72 million in 2021.
- How does Marshall Islands rank?
- 7th highest of 14 economies with data for 2024.
- Is the latest change in discrepancy in expenditure estimate of GDP (constant LCU) unusual for Marshall Islands?
- In 2024, Marshall Islands' discrepancy in expenditure estimate of GDP (constant LCU) rose 12.8 million on 2023 (from -10.62 million to 2.18 million). Across the 8 yearly changes before that (2016 to 2023), the average change was −1.1 million and a typical year strayed about 12.64 million from that (the standard deviation). This year's change was 1.1 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 NY.GDP.DISC.KN, 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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