Annual GDP growth (%) in Marshall Islands
Marshall Islands: Annual GDP growth (%) was 2.5% in 2024. ◆ Volatile
Annual GDP growth in Marshall Islands, 2000–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
In 2024, annual gdp growth in Marshall Islands stood at 2.5%.
Compared with earlier readings it is up 150.0% on the previous year and up 298.6% over ten years.
Over the whole period, annual gdp growth in Marshall Islands peaked at 10.5% in 2019 and was at its lowest, -7.6%, in 2008.
That places Marshall Islands 141st out of 230 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Annual GDP growth (%) in Marshall Islands, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 2.5% | — |
| 2001 | 6.9% | +182.3% |
| 2002 | 3.6% | -47.5% |
| 2003 | -1.6% | -143.0% |
| 2004 | -0.4% | -73.9% |
| 2005 | 1.8% | -538.6% |
| 2006 | 0.2% | -90.2% |
| 2007 | 3.7% | +1996.3% |
| 2008 | -7.6% | -305.1% |
| 2009 | 3.7% | -148.4% |
| 2010 | 5.5% | +51.1% |
| 2011 | -0.5% | -109.1% |
| 2012 | -1.3% | +156.8% |
| 2013 | 3.8% | -395.1% |
| 2014 | -1.3% | -133.1% |
| 2015 | 1.9% | -249.7% |
| 2016 | 2.5% | +32.8% |
| 2017 | 3.6% | +42.1% |
| 2018 | 5.5% | +54.2% |
| 2019 | 10.5% | +90.5% |
| 2020 | -2.8% | -126.5% |
| 2021 | 2.2% | -177.9% |
| 2022 | -0.7% | -132.4% |
| 2023 | -5.0% | +614.8% |
| 2024 | 2.5% | -150.0% |
Marshall Islands compared with similar countries
- Marshall Islands's 2.5% is below the median for upper middle income countries, which is 3.5%, 71% of the median. (56 countries reporting)
- Marshall Islands's 2.5% is below the median for East Asia & Pacific, which is 3.5%, 71% of the median. (33 countries reporting)
Biggest year-on-year movements
Years where Annual GDP growth (%) in Marshall Islands changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2007 | +1996.3% | 0.2% | 3.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1.3% | -7.6% | 6.9% | 10 |
| 2010s | 3.0% | -1.3% | 10.5% | 10 |
| 2020s | -0.8% | -5.0% | 2.5% | 5 |
Countries ranked near Marshall Islands
More economy & growth data for Marshall Islands
- Real gdp growth, annual growth rate 157.02 % change on previous year (2024)
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 0.6305 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 1.5 Percent per annum (2029)
- SDRs holdings, US dollar, annual growth rate 4.97 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0342 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 290.63 units per person (2025)
- SDRs holdings, SDR, annual growth rate -0.0384 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.025 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 212.21 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
Frequently asked questions
- What is annual gdp growth in Marshall Islands?
- Annual gdp growth in Marshall Islands was 2.5% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest annual gdp growth recorded in Marshall Islands?
- The highest recorded value was 10.5% in 2019.
- What is the lowest annual gdp growth recorded in Marshall Islands?
- The lowest recorded value was -7.6% in 2008.
- How does Marshall Islands rank for annual gdp growth?
- Marshall Islands ranks 141st out of 230 countries with data for 2024.
- Is annual gdp growth rising or falling in Marshall Islands?
- Over the last ten years it is up 298.6%. The long-run trend across the full record is volatile.
- Where does this Marshall Islands data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Annual GDP growth (%). Statizoid updates them automatically from the source API.
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