Marshall Islands: Import value index (2015 = 100)

Key figures

What the numbers say

In 2024, Marshall Islands' import value index (2015 = 100) rose 25.4 on 2023 (from 79.9 to 105.3).

Across the 18 yearly changes before that (2006 to 2023), the average change was −0.43 and a typical year strayed about 15.08 from that (the standard deviation). This year's change was 1.7 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 35.6 in 2010 and the biggest yearly fall was 25.5 in 2018. 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 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 174th highest value of the 204 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

• Niger — 171st of 204: 111.1
• Luxembourg — 172nd of 204: 107.7
• American Samoa — 173rd of 204: 105.9
• Bolivia — 175th of 204: 101.4
• Syrian Arab Republic — 176th of 204: 101.2
• Argentina — 177th of 204: 100.9

What this measures

Import value indexes are the current value of imports (c.i.f.) converted to U.S. dollars and expressed as a percentage of the average for the base period (2015). UNCTAD's import value indexes are reported for most economies.

All 20 values

Import value index (2015 = 100) in nearby economies

• American Samoa — 105.9 (2024)
• Australia — 142.1 (2024)
• Brunei Darussalam — 232 (2024)
• Cambodia — 215.4 (2024)
• China — 153.9 (2024)
• Fiji — 149.3 (2024)
• French Polynesia — 149.7 (2024)
• Guam — 127.5 (2024)
• Hong Kong SAR, China — 126 (2024)
• Indonesia — 166 (2024)
• Japan — 114.7 (2024)

More trade data for Marshall Islands

• Import volume index (2015 = 100) — 88.1 (2024)
• Net barter terms of trade index (2015 = 100) — 98.5 (2024)
• Export volume index (2015 = 100) — 111.3 (2024)
• Export value index (2015 = 100) — 131.1 (2024)

Every indicator for Marshall Islands is on the Marshall Islands data page.

Reading data like this

• Where to find free public data, and how to check it before you trust it — 2 min read
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• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is Marshall Islands's import value index (2015 = 100)?

105.3 in 2024, according to the World Bank (World Development Indicators).

How has it changed since 2005?

It is up 20.07% from 87.7 in 2005 (0.97% a year on average, compounded). The highest value was 140.4 in 2010 and the lowest 52.6 in 2019.

How does Marshall Islands rank?

174th highest of 204 economies with data for 2024.

Is the latest change in import value index (2015 = 100) unusual for Marshall Islands?

In 2024, Marshall Islands' import value index (2015 = 100) rose 25.4 on 2023 (from 79.9 to 105.3). Across the 18 yearly changes before that (2006 to 2023), the average change was −0.43 and a typical year strayed about 15.08 from that (the standard deviation). This year's change was 1.7 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 TM.VAL.MRCH.XD.WD, licensed CC BY 4.0. Original source: UN Conference on Trade and Development (UNCTAD) 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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