Marshall Islands's gross savings (current LCU) was 108.55 million in 2024, the latest year in the World Bank's World Development Indicators. That is up 172.6% from 39.82 million in 2014 (10.55% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 108.55 million | 2024 |
| Five years earlier | 12.69 million | 2019 |
| Ten years earlier | 39.82 million | 2014 |
| Highest | 108.55 million | 2024 |
| Lowest | 12.69 million | 2019 |
| Average since 2015 | 45.41 million | 2015–2024 |
| First recorded | 36.47 million |
What the numbers say
In 2024, Marshall Islands' gross savings (current LCU) rose 40.4% on 2023 (from 77.31 million to 108.55 million).
Across the 18 yearly changes before that (2006 to 2023), the average change was +13.5% and a typical year strayed about 54.1% from that (the standard deviation). This year's change was 0.5 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 188.2% in 2020 and the biggest yearly fall was 55.4% in 2017. 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 5.88 million a year. A straight line explains 35% 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 46th highest value of the 48 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
- Belize — 43rd of 48: 1.3 billion
- Tonga — 44th of 48: 280.18 million
- Solomon Islands — 45th of 48: 144.75 million
- Kiribati — 47th of 48: 66.84 million
- Timor-Leste — 48th of 48: -394.17 million
What this measures
Savings is an amount that represents the part of disposable income (adjusted for the change in pension entitlements) that is not spent on final consumption. Gross savings are calculated as gross national income less total consumption, plus net transfers. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.
All 20 values
| Year | Gross savings (current LCU) |
|---|---|
| 2024 | 108,551,089 |
| 2023 | 77,313,924 |
| 2022 | 55,378,455 |
| 2021 | 29,948,670 |
| 2020 | 36,582,805 |
| 2019 | 12,692,861 |
| 2018 | 13,592,058 |
| 2017 | 21,500,193 |
| 2016 | 48,171,173 |
| 2015 | 50,339,747 |
| 2014 |
Gross savings (current LCU) in nearby economies
- Australia — 615.58 billion (2025)
- Brunei Darussalam — 8.91 billion (2025)
- Cambodia — 80.44 trillion (2025)
- China — 57.58 trillion (2024)
- Fiji — 1.77 billion (2024)
- French Polynesia — 138 billion (2016)
- Hong Kong SAR, China — 1.02 trillion (2025)
- Indonesia — 8,347.66 trillion (2025)
- Japan — 203.33 trillion (2024)
- Kiribati — 66.84 million (2024)
- Korea, Rep. — 948.12 trillion (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 gross savings (current LCU)?
- 108.55 million in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 2005?
- It is up 197.62% from 36.47 million in 2005 (5.91% a year on average, compounded). The highest value was 108.55 million in 2024 and the lowest 12.69 million in 2019.
- How does Marshall Islands rank?
- 46th highest of 48 economies with data for 2024.
- Is the latest change in gross savings (current LCU) unusual for Marshall Islands?
- In 2024, Marshall Islands' gross savings (current LCU) rose 40.4% on 2023 (from 77.31 million to 108.55 million). Across the 18 yearly changes before that (2006 to 2023), the average change was +13.5% and a typical year strayed about 54.1% from that (the standard deviation). This year's change was 0.5 standard deviations above 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 NY.GNS.ICTR.CN, 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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