Current account balance (BoP, current US$) in Marshall Islands
Marshall Islands: Current account balance (BoP, current US$) was 62.33 million BoP, current US$ in 2024. ◆ Volatile
Current account balance in Marshall Islands, 2005–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
The most recent figure for current account balance in Marshall Islands is 62.33 million BoP, current US$, measured in 2024.
The figure is up 50.0% on the previous year and up 1,377.5% over ten years.
Over the whole period, current account balance in Marshall Islands peaked at 90.28 million BoP, current US$ in 2020 and was at its lowest, -28.92 million BoP, current US$, in 2013.
Marshall Islands ranks 74th of 200 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance (BoP, current US$) in Marshall Islands, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 2005 | -2.54 million BoP, current US$ | — |
| 2006 | -6.18 million BoP, current US$ | +143.3% |
| 2007 | -8.22 million BoP, current US$ | +33.0% |
| 2008 | -5.52 million BoP, current US$ | -32.9% |
| 2009 | -26.40 million BoP, current US$ | +378.6% |
| 2010 | -14.34 million BoP, current US$ | -45.7% |
| 2011 | -5.78 million BoP, current US$ | -59.7% |
| 2012 | -19.61 million BoP, current US$ | +239.3% |
| 2013 | -28.92 million BoP, current US$ | +47.5% |
| 2014 | -4.88 million BoP, current US$ | -83.1% |
| 2015 | -7.03 million BoP, current US$ | +44.1% |
| 2016 | -16.21 million BoP, current US$ | +130.6% |
| 2017 | 12.92 million BoP, current US$ | -179.7% |
| 2018 | 53.03 million BoP, current US$ | +310.4% |
| 2019 | 86.13 million BoP, current US$ | +62.4% |
| 2020 | 90.28 million BoP, current US$ | +4.8% |
| 2021 | 76.26 million BoP, current US$ | -15.5% |
| 2022 | 17.65 million BoP, current US$ | -76.9% |
| 2023 | 41.55 million BoP, current US$ | +135.5% |
| 2024 | 62.33 million BoP, current US$ | +50.0% |
Marshall Islands compared with similar countries
- Marshall Islands's 62.33 million BoP, current US$ is above the median for upper middle income countries, which is -464.37 million BoP, current US$. (57 countries reporting)
- Marshall Islands's 62.33 million BoP, current US$ is above the median for East Asia & Pacific, which is 22.41 million BoP, current US$, 2.8× the median. (33 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -9.77 million BoP, current US$ | -26.40 million BoP, current US$ | -2.54 million BoP, current US$ | 5 |
| 2010s | 5.53 million BoP, current US$ | -28.92 million BoP, current US$ | 86.13 million BoP, current US$ | 10 |
| 2020s | 57.61 million BoP, current US$ | 17.65 million BoP, current US$ | 90.28 million BoP, current US$ | 5 |
Countries ranked near Marshall Islands
- 71 Cape Verde 108.71 million BoP, current US$ compare
- 72 Samoa 89.27 million BoP, current US$ compare
- 73 Myanmar 67.72 million BoP, current US$ compare
- 75 Micronesia (country) 22.41 million BoP, current US$ compare
- 76 Tuvalu 20.21 million BoP, current US$ compare
- 77 Nauru 9.73 million BoP, current US$ compare
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 current account balance in Marshall Islands?
- Current account balance in Marshall Islands was 62.33 million BoP, current US$ in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest current account balance recorded in Marshall Islands?
- The highest recorded value was 90.28 million BoP, current US$ in 2020.
- What is the lowest current account balance recorded in Marshall Islands?
- The lowest recorded value was -28.92 million BoP, current US$ in 2013.
- How does Marshall Islands rank for current account balance?
- Marshall Islands ranks 74th out of 200 countries with data for 2024.
- Is current account balance rising or falling in Marshall Islands?
- Over the last ten years it is up 1,377.5%. The long-run trend across the full record is volatile.
- Where does this Marshall Islands data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Current account balance (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
Balance of current transactions (transactions in goods and services, earned income and transfer income) between residents and non-residents. The term current account balance is used in the external accounts and is expressed from the perspective of resident units. The term current external balance is used in the national accounts and is expressed from the perspective of the non-resident units, and therefore with the opposite sign. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.