Current account balance as a proportion of GDP in Marshall Islands
Marshall Islands: Current account balance as a proportion of GDP was 29.2% in 2021. ◆ Volatile
Current account balance as a proportion of GDP in Marshall Islands, 2005–2021
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
Marshall Islands recorded 29.2% for current account balance as a proportion of gdp in 2021.
The figure is down 21.8% on the previous year and up 970.3% over ten years.
Over the whole period, current account balance as a proportion of gdp in Marshall Islands peaked at 37.3% in 2020 and was at its lowest, -17.5%, in 2009.
Marshall Islands ranks 1st of 204 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance as a proportion of GDP in Marshall Islands, year by year
| Year | % | Change |
|---|---|---|
| 2005 | -1.8% | — |
| 2006 | -4.3% | +134.5% |
| 2007 | -5.5% | +26.5% |
| 2008 | -3.8% | -31.1% |
| 2009 | -17.5% | +364.0% |
| 2010 | -8.9% | -49.0% |
| 2011 | -3.4% | -62.3% |
| 2012 | -10.9% | +223.6% |
| 2013 | -15.5% | +42.9% |
| 2014 | -2.6% | -83.1% |
| 2015 | -3.8% | +45.9% |
| 2016 | -8.0% | +109.9% |
| 2017 | 6.0% | -175.3% |
| 2018 | 24.1% | +298.7% |
| 2019 | 37.0% | +53.4% |
| 2020 | 37.3% | +1.0% |
| 2021 | 29.2% | -21.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -6.6% | -17.5% | -1.8% | 5 |
| 2010s | 1.4% | -15.5% | 37.0% | 10 |
| 2020s | 33.3% | 29.2% | 37.3% | 2 |
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)
- Gross capital formation (current US$), annual growth rate 18.24 % change on previous year (2024)
- Gross capital formation (current US$), per unit of GDP 0.2112 current US$ per US$ of GDP (2024)
- Gross capital formation (current US$), per capita 1,603 current US$ per person (2024)
- Gross capital formation (current LCU), annual growth rate 18.24 % change on previous year (2024)
- Gross capital formation (current LCU), per unit of GDP 0.2112 current LCU per US$ of GDP (2024)
- Gross capital formation (current LCU), per capita 1,603 current LCU per person (2024)
- Gross capital formation (constant 2015 US$), annual growth rate 13.84 % change on previous year (2024)
- Gross capital formation (constant 2015 US$), per unit of GDP 0.198 constant 2015 US$ per US$ of GDP (2024)
Frequently asked questions
- What is current account balance as a proportion of gdp in Marshall Islands?
- Current account balance as a proportion of gdp in Marshall Islands was 29.2% in 2021, according to United Nations Statistics Division, SDG Global Database.
- What is the highest current account balance as a proportion of gdp recorded in Marshall Islands?
- The highest recorded value was 37.3% in 2020.
- What is the lowest current account balance as a proportion of gdp recorded in Marshall Islands?
- The lowest recorded value was -17.5% in 2009.
- How does Marshall Islands rank for current account balance as a proportion of gdp?
- Marshall Islands ranks 1st out of 204 countries with data for 2021.
- Is current account balance as a proportion of gdp rising or falling in Marshall Islands?
- Over the last ten years it is up 970.3%. 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 Current account balance as a proportion of GDP (%). Statizoid updates them automatically from the source API.
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