Current account balance in Marshall Islands
Marshall Islands: Current account balance was 21.9% 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 % of GDP.
Analysis
The most recent figure for current account balance in Marshall Islands is 21.9%, measured in 2024.
That represents a change of up 39.0% on the previous year and up 933.7% over ten years.
Over the whole period, current account balance in Marshall Islands peaked at 37.3% in 2020 and was at its lowest, -17.5%, in 2009.
Marshall Islands ranks 5th of 200 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 in Marshall Islands, year by year
| Year | % of GDP | 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% |
| 2022 | 6.8% | -76.6% |
| 2023 | 15.7% | +130.7% |
| 2024 | 21.9% | +39.0% |
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 | 22.2% | 6.8% | 37.3% | 5 |
Countries ranked near Marshall Islands
- 2 Macau, China 33.7% compare
- 3 Kuwait 22.7% compare
- 4 San Marino 22.0% compare
- 6 Brunei Darussalam 18.0% compare
- 7 Ireland 17.4% compare
- 8 Tajikistan 17.1% compare
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)
- External balance on goods and services as a percent of GDP -43.8% (2025)
- Manufacturing value added to gdp, per unit of GDP 0 units per US$ of GDP (2024)
- Manufacturing value added to gdp, per capita 0.0001 units per person (2024)
- Gdp worldbank constant usd, annual growth rate 2.28 % change on previous year (2025)
- 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)
- GDP per capita 6,174 constant 2015 US$ (2025)
- External balance on goods and services -135.00 million current LCU (2025)
Frequently asked questions
- What is current account balance in Marshall Islands?
- Current account balance in Marshall Islands was 21.9% 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 37.3% in 2020.
- What is the lowest current account balance recorded in Marshall Islands?
- The lowest recorded value was -17.5% in 2009.
- How does Marshall Islands rank for current account balance?
- Marshall Islands ranks 5th 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 933.7%. 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 (% of GDP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 20 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.