Marshall Islands: Personal remittances, paid (current US$)

Key figures

What the numbers say

In 2024, Marshall Islands' personal remittances, paid (current US$) rose 11.2% on 2023 (from US$14.29 million to US$15.89 million).

Across the 18 yearly changes before that (2006 to 2023), the average change was +13.2% and a typical year strayed about 41% from that (the standard deviation). This year's change was 0.0 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 150.3% in 2012 and the biggest yearly fall was 32.5% in 2019. 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 US$827,158 a year. A straight line explains 46% 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 27th highest value of the 29 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

• Solomon Islands — 23rd of 29: US$51.78 million
• Zimbabwe — 24th of 29: US$43.76 million
• Naoero — 25th of 29: US$26.18 million
• Fiji — 27th of 29: US$13.13 million
• Sierra Leone — 28th of 29: US$9.68 million
• Djibouti — 29th of 29: US$974,595

What this measures

Personal remittances comprise personal transfers and compensation of employees. Personal transfers consist of all current transfers in cash or in kind made or received by resident households to or from nonresident households. Personal transfers thus include all current transfers between resident and nonresident individuals. Compensation of employees refers to the income of border, seasonal, and other short-term workers who are employed in an economy where they are not resident and of residents employed by nonresident entities. Data are the sum of two items defined in the sixth edition of the IMF's Balance of Payments Manual: personal transfers and compensation of employees. Data are in current U.S. dollars.

Limitations: Remittance transactions have grown in importance over the past decade. In a number of developing economies, receipts of remittances have become an important and stable source of funds that exceeds receipts from exports of goods and services or from financial inflows on foreign direct investment. But the quality of statistical remittance data is not high. Remittances are a challenge to measure because of their nature. They are heterogeneous with numerous small transactions conducted by individuals through a wide variety of channels: formal channels, such as electronic wire, or through informal channels, such as cash or goods carried across borders.

Regional and income-group figures are computed by the World Bank as a sum.

All 20 values

Personal remittances, paid (current US$) in nearby economies

• Australia — US$15.96 billion (2025)
• Cambodia — US$345.64 million (2025)
• China — US$14.04 billion (2025)
• Fiji — US$13.13 million (2024)
• French Polynesia — US$22.66 million (2016)
• Hong Kong SAR, China — US$1.15 billion (2025)
• Indonesia — US$11.68 billion (2025)
• Japan — US$7.17 billion (2025)
• Kiribati — US$1.08 million (2025)
• Korea, Rep. — US$14.31 billion (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

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Questions people ask

What is Marshall Islands's personal remittances, paid (current US$)?

US$15.89 million in 2024, according to the World Bank (World Development Indicators).

How has it changed since 2005?

It is up 357.67% from US$3.47 million in 2005 (8.33% a year on average, compounded). The highest value was US$23.82 million in 2014 and the lowest US$3.47 million in 2005.

How does Marshall Islands rank?

27th highest of 29 economies with data for 2024.

Is the latest change in personal remittances, paid (current US$) unusual for Marshall Islands?

In 2024, Marshall Islands' personal remittances, paid (current US$) rose 11.2% on 2023 (from US$14.29 million to US$15.89 million). Across the 18 yearly changes before that (2006 to 2023), the average change was +13.2% and a typical year strayed about 41% from that (the standard deviation). This year's change was 0.0 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 BM.TRF.PWKR.CD.DT, licensed CC BY 4.0. Original source: IMF balance of payments data, International Monetary Fund (IMF); 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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