Marshall Islands: Personal remittances, received (% of GDP)

Key figures

What the numbers say

In 2024, Marshall Islands' personal remittances, received (% of GDP) rose 1.17 percentage points on 2023 (from 22.3% to 23.48%).

Across the 18 yearly changes before that (2006 to 2023), the average change was +0.28 percentage points and a typical year strayed about 1.89 percentage points from that (the standard deviation). This year's change was 0.5 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 6.75 percentage points in 2022 and the biggest yearly fall was 1.81 percentage points in 2010. 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 0.97 percentage points a year. A straight line explains 57% 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 3rd 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

• Nicaragua — 1st of 29: 26.63%
• Bermuda — 2nd of 29: 24.23%
• Liberia — 4th of 29: 21.28%
• Kyrgyz Republic — 5th of 29: 17.6%
• Haiti — 6th of 29: 16.95%

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.

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

All 20 values

Personal remittances, received (% of GDP) in nearby economies

• Australia — 0.11% (2025)
• Cambodia — 4.29% (2025)
• China — 0.15% (2025)
• Fiji — 7.11% (2024)
• French Polynesia — 10.58% (2016)
• Hong Kong SAR, China — 0.11% (2025)
• Indonesia — 1.22% (2025)
• Japan — 0.11% (2025)
• Kiribati — 6.48% (2025)
• Korea, Rep. — 0.38% (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

• Where to find free public data, and how to check it before you trust it — 2 min read
• Data analysis examples: 6 worked from one dataset — 3 min read
• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is Marshall Islands's personal remittances, received (% of GDP)?

23.48% in 2024, according to the World Bank (World Development Indicators).

How has it changed since 2005?

It is up 6.27 percentage points from 17.21% in 2005. The highest value was 23.48% in 2024 and the lowest 12.85% in 2011.

How does Marshall Islands rank?

3rd highest of 29 economies with data for 2024.

Is the latest change in personal remittances, received (% of GDP) unusual for Marshall Islands?

In 2024, Marshall Islands' personal remittances, received (% of GDP) rose 1.17 percentage points on 2023 (from 22.3% to 23.48%). Across the 18 yearly changes before that (2006 to 2023), the average change was +0.28 percentage points and a typical year strayed about 1.89 percentage points from that (the standard deviation). This year's change was 0.5 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 BX.TRF.PWKR.DT.GD.ZS, licensed CC BY 4.0. Original source: Staff estimates, World Bank (WB); IMF balance of payments data, International Monetary Fund (IMF); World Bank GDP estimates, World Bank (WB); OECD GDP estimates, Organisation for Economic Co-operation and Development (OECD) 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.