Marshall Islands's external balance on goods and services (constant LCU) was -110.12 million in 2024, the latest year in the World Bank's World Development Indicators. That is up 41.57% from -188.46 million in 2019.
Key figures
| Value | Year | |
|---|---|---|
| Latest | -110.12 million | 2024 |
| Five years earlier | -188.46 million | 2019 |
| Highest | -88.59 million | 2021 |
| Lowest | -188.46 million | 2019 |
| Average since 2015 | -115.71 million | 2015–2024 |
| First recorded | -91.86 million | 2015 |
Over five years it is up 41.57% from -188.46 million in 2019. Since 2015 it is down 19.87% from -91.86 million in 2015.
What the numbers say
In 2024, Marshall Islands' external balance on goods and services (constant LCU) fell 5.1 million on 2023 (from -105.02 million to -110.12 million).
Across the 8 yearly changes before that (2016 to 2023), the average change was −1.64 million and a typical year strayed about 42.61 million from that (the standard deviation). This year's change was 0.1 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 79.26 million in 2020 and the biggest yearly fall was 66.16 million in 2019. 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 less than 1% 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 10th highest value of the 18 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
- Tajikistan — 6th of 18: 1.26 billion
- Ghana — 7th of 18: 211.18 million
- Belize — 8th of 18: 25.1 million
- Cuba — 10th of 18: -354 million
- Timor-Leste — 11th of 18: -1.15 billion
- New Zealand — 12th of 18: -3.69 billion
What this measures
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. 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 varies by country. This series is expressed in local currency units.
All 10 values
| Year | External balance on goods and services (constant LCU) |
|---|---|
| 2024 | -110,116,100 |
| 2023 | -105,017,500 |
| 2022 | -119,079,200 |
| 2021 | -88,586,200 |
| 2020 | -109,196,000 |
| 2019 | -188,460,400 |
| 2018 | -122,299,900 |
| 2017 | -121,693,200 |
| 2016 | -100,767,200 |
| 2015 | -91,860,000 |
External balance on goods and services (constant LCU) in nearby economies
- American Samoa — -249 million (2022)
- Brunei Darussalam — 4.61 billion (2025)
- Cambodia — -3.91 trillion (2025)
- Guam — -3.3 billion (2022)
- Indonesia — 616.22 trillion (2025)
- Japan — 5.75 trillion (2024)
- Malaysia — 56.44 billion (2025)
- Mongolia — -11.74 trillion (2025)
- New Zealand — -3.69 billion (2024)
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 external balance on goods and services (constant LCU)?
- -110.12 million in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 2015?
- It is down 19.87% from -91.86 million in 2015. The highest value was -88.59 million in 2021 and the lowest -188.46 million in 2019.
- How does Marshall Islands rank?
- 10th highest of 18 economies with data for 2024.
- Is the latest change in external balance on goods and services (constant LCU) unusual for Marshall Islands?
- In 2024, Marshall Islands' external balance on goods and services (constant LCU) fell 5.1 million on 2023 (from -105.02 million to -110.12 million). Across the 8 yearly changes before that (2016 to 2023), the average change was −1.64 million and a typical year strayed about 42.61 million from that (the standard deviation). This year's change was 0.1 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator NE.RSB.GNFS.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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