Marshall Islands's manufacturing, value added (current LCU) was 9.04 million in 2024, the latest year in the World Bank's World Development Indicators. That is down 20.82% from 11.42 million in 2014 (2.31% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 9.04 million | 2024 |
| Five years earlier | 11.46 million | 2019 |
| Ten years earlier | 11.42 million | 2014 |
| Highest | 11.46 million | 2019 |
| Lowest | 1.68 million | 1997 |
| Average since 2015 | 7.97 million | 2015–2024 |
| First recorded | 1.68 million |
What the numbers say
In 2024, Marshall Islands' manufacturing, value added (current LCU) rose 30.7% on 2023 (from 6.92 million to 9.04 million).
Across the 26 yearly changes before that (1998 to 2023), the average change was +10.8% and a typical year strayed about 32.6% from that (the standard deviation). This year's change was 0.6 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 83.5% in 2010 and the biggest yearly fall was 53% 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 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 43rd highest value of the 45 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
- Timor-Leste — 40th of 45: 35.45 million
- Bermuda — 41st of 45: 28.53 million
- Kiribati — 42nd of 45: 22.07 million
- Turks and Caicos Islands — 44th of 45: 7.8 million
- Palau — 45th of 45: 3.89 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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.
All 28 values
| Year | Manufacturing, value added (current LCU) |
|---|---|
| 2024 | 9,040,100 |
| 2023 | 6,917,000 |
| 2022 | 6,520,100 |
| 2021 | 5,938,800 |
| 2020 | 7,800,000 |
| 2019 | 11,462,900 |
| 2018 | 8,165,300 |
| 2017 | 8,841,700 |
| 2016 | 9,167,900 |
| 2015 | 5,825,700 |
| 2014 |
Manufacturing, value added (current LCU) in nearby economies
- Australia — 147.76 billion (2025)
- Brunei Darussalam — 1.95 billion (2025)
- Cambodia — 59.72 trillion (2025)
- China — 34.67 trillion (2025)
- Fiji — 1.3 billion (2025)
- French Polynesia — 27.61 billion (2020)
- Hong Kong SAR, China — 29.78 billion (2024)
- Indonesia — 4,541.52 trillion (2025)
- Japan — 119.35 trillion (2024)
- Kiribati — 22.07 million (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 manufacturing, value added (current LCU)?
- 9.04 million in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1997?
- It is up 439.42% from 1.68 million in 1997 (6.44% a year on average, compounded). The highest value was 11.46 million in 2019 and the lowest 1.68 million in 1997.
- How does Marshall Islands rank?
- 43rd highest of 45 economies with data for 2024.
- Is the latest change in manufacturing, value added (current LCU) unusual for Marshall Islands?
- In 2024, Marshall Islands' manufacturing, value added (current LCU) rose 30.7% on 2023 (from 6.92 million to 9.04 million). Across the 26 yearly changes before that (1998 to 2023), the average change was +10.8% and a typical year strayed about 32.6% from that (the standard deviation). This year's change was 0.6 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 NV.IND.MANF.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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