Marshall Islands's gross Value Added (GVA) at basic prices (constant 2015 US$) was US$211.17 million in 2024, the latest year in the World Bank's World Development Indicators. That is up 22.17% from US$172.85 million in 2014 (2.02% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$211.17 million | 2024 |
| Five years earlier | US$218.27 million | 2019 |
| Ten years earlier | US$172.85 million | 2014 |
| Highest | US$218.27 million | 2019 |
| Lowest | US$133.79 million | 1999 |
| Average since 2015 | US$202.38 million | 2015–2024 |
| First recorded | US$137.04 million |
What the numbers say
In 2024, Marshall Islands' gross Value Added (GVA) at basic prices (constant 2015 US$) rose 2.1% on 2023 (from US$206.82 million to US$211.17 million).
Across the 26 yearly changes before that (1998 to 2023), the average change was +1.7% and a typical year strayed about 3.8% from that (the standard deviation). This year's change was 0.1 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 10.3% in 2019 and the biggest yearly fall was 7.9% 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 the straight-line trend is upward, about US$4.22 million a year. A straight line explains 64% 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 25th highest value of the 25 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$211.17 million | 2024 |
| World | US$84.85 trillion | 2024 |
Closest to Marshall Islands in the 2024 ranking
What this measures
Gross value added at basic prices reflects the price of products receivable by the producer exclusive of taxes payable on products and inclusive of subsidies receivable on products, less intermediate consumption valued at purchasers' prices. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.
Regional and income-group figures are computed by the World Bank as a gap-filled total.
All 28 values
| Year | Gross Value Added (GVA) at basic prices (constant 2015 US$) |
|---|---|
| 2024 | 211,172,200 |
| 2023 | 206,821,600 |
| 2022 | 215,639,000 |
| 2021 | 217,522,500 |
| 2020 | 212,937,700 |
| 2019 | 218,272,500 |
| 2018 | 197,954,600 |
| 2017 | 187,054,200 |
| 2016 | 179,753,100 |
| 2015 | 176,713,000 |
Gross Value Added (GVA) at basic prices (constant 2015 US$) in nearby economies
- Australia — US$1.59 trillion (2025)
- Brunei Darussalam — US$14.03 billion (2025)
- Cambodia — US$38.08 billion (2025)
- Fiji — US$4.32 billion (2025)
- Hong Kong SAR, China — US$335.83 billion (2025)
- Indonesia — US$1.25 trillion (2025)
- Japan — US$4.72 trillion (2024)
- Kiribati — US$273.29 million (2024)
- Korea, Rep. — US$1.81 trillion (2025)
More economic policy & debt data for Marshall Islands
- GDP (current US$) — 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$364 million (2025)
- GNI (current LCU) — 364 million (2025)
- GNI per capita (current LCU)
Reading data like this
Questions people ask
- What is Marshall Islands's gross Value Added (GVA) at basic prices (constant 2015 US$)?
- US$211.17 million in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1997?
- It is up 54.09% from US$137.04 million in 1997 (1.61% a year on average, compounded). The highest value was US$218.27 million in 2019 and the lowest US$133.79 million in 1999.
- How does Marshall Islands rank?
- 25th highest of 25 economies with data for 2024.
- Is the latest change in gross Value Added (GVA) at basic prices (constant 2015 US$) unusual for Marshall Islands?
Source
World Bank, World Development Indicators, indicator NY.GDP.FCST.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.
Want to ask your own questions of data like this? Try AnalyzeIt: upload a file or ask about public data in plain words, and every figure comes with its working.
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