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.
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 121st out of 196 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 | Value | 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% |
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
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 1.5 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 0.6305 Percent per annum (2029)
- Gdp worldbank constant usd, per capita 6,174 units per person (2025)
- Gdp worldbank constant usd, per unit of GDP 0.7273 units per US$ of GDP (2025)
- External balance on goods and services as a percent of gdp -43.83 (2025)
- Gdp worldbank constant usd, annual growth rate 2.28 % change on previous year (2025)
- Manufacturing value added to gdp, per capita 0.0001 units per person (2024)
- Taxes less subsidies on products (current LCU), per unit of GDP 0.0423 current LCU per US$ of GDP (2024)
- Taxes less subsidies on products (current LCU), per capita 321 current LCU per person (2024)
- Manufacturing value added to gdp, per unit of GDP 0 units per US$ of GDP (2024)
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 121st out of 196 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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