Gross domestic product (GDP) in Marshall Islands
Marshall Islands: Gross domestic product (GDP) was 331.84 million Domestic currency in 2027. ▲ Rising
Gross domestic product (GDP) in Marshall Islands, 1997–2027
Source: International Monetary Fund. Measured in Domestic currency.
Analysis
The most recent figure for gross domestic product (gdp) in Marshall Islands is 331.84 million Domestic currency, measured in 2027. That is the highest value across all 31 years on record.
Compared with earlier readings it is up 3.5% on the previous year and up 56.6% over ten years.
Over the whole period, gross domestic product (gdp) in Marshall Islands peaked at 331.84 million Domestic currency in 2027 and was at its lowest, 111.25 million Domestic currency, in 1997.
That places Marshall Islands 86th out of 86 countries with data for 2027, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 31 years of available data.
Gross domestic product (GDP) in Marshall Islands, year by year
| Year | Domestic currency | Change |
|---|---|---|
| 1997 | 111.25 million Domestic currency | — |
| 1998 | 113.90 million Domestic currency | +2.4% |
| 1999 | 115.38 million Domestic currency | +1.3% |
| 2000 | 114.61 million Domestic currency | -0.7% |
| 2001 | 122.11 million Domestic currency | +6.5% |
| 2002 | 131.82 million Domestic currency | +8.0% |
| 2003 | 130.94 million Domestic currency | -0.7% |
| 2004 | 132.50 million Domestic currency | +1.2% |
| 2005 | 136.57 million Domestic currency | +3.1% |
| 2006 | 141.52 million Domestic currency | +3.6% |
| 2007 | 148.38 million Domestic currency | +4.8% |
| 2008 | 151.88 million Domestic currency | +2.4% |
| 2009 | 149.76 million Domestic currency | -1.4% |
| 2010 | 160.37 million Domestic currency | +7.1% |
| 2011 | 172.18 million Domestic currency | +7.4% |
| 2012 | 180.53 million Domestic currency | +4.8% |
| 2013 | 184.82 million Domestic currency | +2.4% |
| 2014 | 182.13 million Domestic currency | -1.5% |
| 2015 | 183.79 million Domestic currency | +0.9% |
| 2016 | 201.48 million Domestic currency | +9.6% |
| 2017 | 211.90 million Domestic currency | +5.2% |
| 2018 | 221.59 million Domestic currency | +4.6% |
| 2019 | 235.61 million Domestic currency | +6.3% |
| 2020 | 243.84 million Domestic currency | +3.5% |
| 2021 | 256.92 million Domestic currency | +5.4% |
| 2022 | 271.32 million Domestic currency | +5.6% |
| 2023 | 286.30 million Domestic currency | +5.5% |
| 2024 | 298.16 million Domestic currency | +4.1% |
| 2025 | 309.60 million Domestic currency | +3.8% |
| 2026 | 320.53 million Domestic currency | +3.5% |
| 2027 | 331.84 million Domestic currency | +3.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 113.51 million Domestic currency | 111.25 million Domestic currency | 115.38 million Domestic currency | 3 |
| 2000s | 136.01 million Domestic currency | 114.61 million Domestic currency | 151.88 million Domestic currency | 10 |
| 2010s | 193.44 million Domestic currency | 160.37 million Domestic currency | 235.61 million Domestic currency | 10 |
| 2020s | 289.81 million Domestic currency | 243.84 million Domestic currency | 331.84 million Domestic currency | 8 |
Countries ranked near Marshall Islands
- 83 San Marino 1.79 billion Domestic currency compare
- 84 Micronesia, Federated States of 516.27 million Domestic currency compare
- 85 Palau 359.75 million Domestic currency compare
More public sector data for Marshall Islands
- Tax revenue 17.2% (2020)
- Taxes on income, profits and capital gains 9.7% (2020)
- Taxes on goods and services 8.4% (2020)
- Net investment in nonfinancial assets 8.8% (2020)
- Net lending (+) / net borrowing (-) 5.0% (2020)
- Interest payments 0.4% (2020)
- Grants and other revenue 75.8% (2020)
- Interest payments 0.5% (2020)
- Other taxes 0.8% (2020)
- Compensation of employees 35.3% (2020)
Frequently asked questions
- What is gross domestic product (gdp) in Marshall Islands?
- Gross domestic product (gdp) in Marshall Islands was 331.84 million Domestic currency in 2027, according to International Monetary Fund.
- What is the highest gross domestic product (gdp) recorded in Marshall Islands?
- The highest recorded value was 331.84 million Domestic currency in 2027.
- What is the lowest gross domestic product (gdp) recorded in Marshall Islands?
- The lowest recorded value was 111.25 million Domestic currency in 1997.
- How does Marshall Islands rank for gross domestic product (gdp)?
- Marshall Islands ranks 86th out of 86 countries with data for 2027.
- Is gross domestic product (gdp) rising or falling in Marshall Islands?
- Over the last ten years it is up 56.6%. The long-run trend across the full record is rising.
- Where does this Marshall Islands data come from?
- The figures come from International Monetary Fund, published as part of Gross domestic product (GDP) (Total economy, Domestic currency). Statizoid updates them automatically from the source API.
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About this data
The Public Sector Balance Sheet (PSBS) Database shows comprehensive estimates of public sector assets and liabilities that formed the basis for the analysis presented in the October 2018 edition of the Fiscal Monitor. The database covers a broad sample of 55 countries, of which 25 countries contain time-series estimated PSBS and the rest for one single-year data compiled as part of Financial Transparency Evaluations and IMF Technical Assistance missions. The PSBS database is compiled on a best-effort basis, using the conceptual framework of the IMF's Government Finance Statistics Manual 2014. Data for the central and general government generally replicate data reported by country authorities in the IMF's Government Finance Statistics database. Data for the central bank generally replicate data reported by country authorities in the IMF's Monetary and Financial Statistics database. Where these data fail to cover all categories of assets and liabilities, they are complemented by other data reported by statistical authorities at the national level. other international organizations, or staff estimates. Data sources for public corporations are country specific and are captured in the country specific metadata documents.