Marshall Islands's manufacturing, value added (constant LCU) was 3.33 million in 2024, the latest year in the World Bank's World Development Indicators. That is down 59.2% from 8.17 million in 2014 (8.58% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 3.33 million | 2024 |
| Five years earlier | 3.66 million | 2019 |
| Ten years earlier | 8.17 million | 2014 |
| Highest | 10.19 million | 2010 |
| Lowest | 326,200 | 1998 |
| Average since 2015 | 3.65 million | 2015–2024 |
| First recorded | 518,600 |
What the numbers say
In 2024, Marshall Islands' manufacturing, value added (constant LCU) fell 4.3% on 2023 (from 3.48 million to 3.33 million).
Across the 26 yearly changes before that (1998 to 2023), the average change was +28.8% and a typical year strayed about 105.9% from that (the standard deviation). This year's change was 0.3 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 501.9% in 1999 and the biggest yearly fall was 79.6% in 2005. 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 downward, about 156,451 a year. A straight line explains 32% 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 36th highest value of the 37 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
- Bermuda — 33rd of 37: 27.65 million
- Kiribati — 34th of 37: 16.53 million
- Turks and Caicos Islands — 35th of 37: 7.01 million
- Palau — 37th of 37: 3.03 million
What this measures
Manufacturing includes industries classified in ISIC (Rev. 3) major division C and is defined as the physical or chemical transformation of materials or components into new products. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. 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 28 values
| Year | Manufacturing, value added (constant LCU) |
|---|---|
| 2024 | 3,333,500 |
| 2023 | 3,483,400 |
| 2022 | 3,152,900 |
| 2021 | 3,000,100 |
| 2020 | 3,565,700 |
| 2019 | 3,662,500 |
| 2018 | 3,896,200 |
| 2017 | 2,814,200 |
| 2016 | 3,811,100 |
| 2015 | 5,825,600 |
| 2014 |
Manufacturing, value added (constant LCU) in nearby economies
- Australia — 140.95 billion (2025)
- Brunei Darussalam — 1.61 billion (2025)
- Cambodia — 51.22 trillion (2025)
- Fiji — 1.15 billion (2025)
- Hong Kong SAR, China — 29.35 billion (2025)
- Indonesia — 2,757.59 trillion (2025)
- Japan — 110.99 trillion (2024)
- Kiribati — 16.53 million (2024)
- Korea, Rep. — 623.3 trillion (2025)
- Lao PDR — 14.51 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 manufacturing, value added (constant LCU)?
- 3.33 million in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1997?
- It is up 542.79% from 518,600 in 1997 (7.13% a year on average, compounded). The highest value was 10.19 million in 2010 and the lowest 326,200 in 1998.
- How does Marshall Islands rank?
- 36th highest of 37 economies with data for 2024.
- Is the latest change in manufacturing, value added (constant LCU) unusual for Marshall Islands?
- In 2024, Marshall Islands' manufacturing, value added (constant LCU) fell 4.3% on 2023 (from 3.48 million to 3.33 million). Across the 26 yearly changes before that (1998 to 2023), the average change was +28.8% and a typical year strayed about 105.9% from that (the standard deviation). This year's change was 0.3 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 NV.IND.MANF.KN, 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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