Annual growth of exports of goods and services in Marshall Islands
Marshall Islands: Annual growth of exports of goods and services was 18.7% in 2024. ◆ Volatile
Latest (2024)
18.7%
Change on year
up 884.1%
World rank
20th
of 176 countries
All-time high
35.5%
in 2010
All-time low
-28.7%
in 2006
Years of data
20
2005–2024
Annual growth of exports of goods and services in Marshall Islands, 2005–2024
Source: World Bank – processed by Our World in Data. Measured in %.
Analysis
In 2024, annual growth of exports of goods and services in Marshall Islands stood at 18.7%.
Compared with earlier readings it is up 884.1% on the previous year and up 55.5% over ten years.
Over the whole period, annual growth of exports of goods and services in Marshall Islands peaked at 35.5% in 2010 and was at its lowest, -28.7%, in 2006.
Marshall Islands ranks 20th of 176 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Annual growth of exports of goods and services in Marshall Islands, year by year
| Year | % | Change |
|---|---|---|
| 2005 | -8.0% | — |
| 2006 | -28.7% | +259.8% |
| 2007 | 10.5% | -136.6% |
| 2008 | -13.9% | -232.4% |
| 2009 | 30.9% | -322.8% |
| 2010 | 35.5% | +14.7% |
| 2011 | 16.7% | -52.9% |
| 2012 | -5.2% | -131.4% |
| 2013 | -0.8% | -84.4% |
| 2014 | 12.1% | -1569.5% |
| 2015 | -0.9% | -107.2% |
| 2016 | -11.7% | +1243.7% |
| 2017 | -3.0% | -74.7% |
| 2018 | 6.0% | -303.0% |
| 2019 | 11.9% | +98.2% |
| 2020 | -4.7% | -139.6% |
| 2021 | 22.2% | -571.2% |
| 2022 | -18.9% | -184.9% |
| 2023 | -2.4% | -87.3% |
| 2024 | 18.7% | -884.1% |
Marshall Islands compared with similar countries
- Marshall Islands's 18.7% is above the median for upper middle income countries, which is 3.3%, 5.6× the median. (48 countries reporting)
- Marshall Islands's 18.7% is above the median for East Asia & Pacific, which is 6.8%, 2.7× the median. (28 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -1.8% | -28.7% | 30.9% | 5 |
| 2010s | 6.1% | -11.7% | 35.5% | 10 |
| 2020s | 3.0% | -18.9% | 22.2% | 5 |
Countries ranked near Marshall Islands
More economy & growth data for Marshall Islands
- 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)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 13.36 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 46.01 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0469 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 355.78 BoP, current US$ per person (2024)
- General government final consumption expenditure (current US$) 2.99 % change on previous year (2024)
- General government final consumption expenditure (current US$), per 0.5453 current US$ per US$ of GDP (2024)
- General government final consumption expenditure (current US$), per 4,139 current US$ per person (2024)
- General government final consumption expenditure (current LCU) 2.99 % change on previous year (2024)
Frequently asked questions
- What is annual growth of exports of goods and services in Marshall Islands?
- Annual growth of exports of goods and services in Marshall Islands was 18.7% in 2024, according to World Bank – processed by Our World in Data.
- What is the highest annual growth of exports of goods and services recorded in Marshall Islands?
- The highest recorded value was 35.5% in 2010.
- What is the lowest annual growth of exports of goods and services recorded in Marshall Islands?
- The lowest recorded value was -28.7% in 2006.
- How does Marshall Islands rank for annual growth of exports of goods and services?
- Marshall Islands ranks 20th out of 176 countries with data for 2024.
- Is annual growth of exports of goods and services rising or falling in Marshall Islands?
- Over the last ten years it is up 55.5%. The long-run trend across the full record is volatile.
- Where does this Marshall Islands data come from?
- The figures come from World Bank – processed by Our World in Data, published as part of Annual growth of exports of goods and services. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 20 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Annual growth of exports of goods and services (%).