GDP Deflator — Value US$, 2015 prices in Marshall Islands
Marshall Islands: GDP Deflator — Value US$, 2015 prices was 135.05 USD in 2024. ▲ Rising
GDP Deflator — Value US$, 2015 prices in Marshall Islands, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in USD.
Analysis
Marshall Islands recorded 135.05 USD for gdp deflator — value us$, 2015 prices in 2024. That is the highest value across all 55 years on record.
That represents a change of up 5.2% on the previous year and up 30.7% over ten years.
Over the whole period, gdp deflator — value us$, 2015 prices in Marshall Islands peaked at 135.05 USD in 2024 and was at its lowest, 19.42 USD, in 1973.
That places Marshall Islands 35th out of 203 countries with data for 2024, putting it in the top quarter.
The long-run direction has been consistently rising across the 55 years of available data.
GDP Deflator — Value US$, 2015 prices in Marshall Islands, year by year
| Year | USD | Change |
|---|---|---|
| 1970 | 19.49 USD | — |
| 1971 | 20.65 USD | +6.0% |
| 1972 | 22.35 USD | +8.2% |
| 1973 | 19.42 USD | -13.1% |
| 1974 | 22.08 USD | +13.7% |
| 1975 | 24.2 USD | +9.6% |
| 1976 | 26.23 USD | +8.4% |
| 1977 | 28.51 USD | +8.7% |
| 1978 | 29.66 USD | +4.0% |
| 1979 | 33.4 USD | +12.6% |
| 1980 | 37.63 USD | +12.7% |
| 1981 | 41.06 USD | +9.1% |
| 1982 | 44.09 USD | +7.4% |
| 1983 | 45.64 USD | +3.5% |
| 1984 | 47.51 USD | +4.1% |
| 1985 | 49.27 USD | +3.7% |
| 1986 | 50.47 USD | +2.5% |
| 1987 | 51.92 USD | +2.9% |
| 1988 | 54.06 USD | +4.1% |
| 1989 | 56.63 USD | +4.8% |
| 1990 | 59.46 USD | +5.0% |
| 1991 | 62.45 USD | +5.0% |
| 1992 | 64.34 USD | +3.0% |
| 1993 | 66.29 USD | +3.0% |
| 1994 | 68.03 USD | +2.6% |
| 1995 | 69.94 USD | +2.8% |
| 1996 | 71.89 USD | +2.8% |
| 1997 | 71.67 USD | -0.3% |
| 1998 | 73.58 USD | +2.7% |
| 1999 | 75.43 USD | +2.5% |
| 2000 | 74.58 USD | -1.1% |
| 2001 | 74.34 USD | -0.3% |
| 2002 | 77.33 USD | +4.0% |
| 2003 | 78.07 USD | +1.0% |
| 2004 | 79.64 USD | +2.0% |
| 2005 | 81.04 USD | +1.8% |
| 2006 | 83.86 USD | +3.5% |
| 2007 | 85.15 USD | +1.5% |
| 2008 | 89.81 USD | +5.5% |
| 2009 | 89.39 USD | -0.5% |
| 2010 | 90.25 USD | +1.0% |
| 2011 | 96.88 USD | +7.3% |
| 2012 | 102.89 USD | +6.2% |
| 2013 | 102.33 USD | -0.5% |
| 2014 | 103.33 USD | +1.0% |
| 2015 | 100 USD | -3.2% |
| 2016 | 107.52 USD | +7.5% |
| 2017 | 110.18 USD | +2.5% |
| 2018 | 109.04 USD | -1.0% |
| 2019 | 104.1 USD | -4.5% |
| 2020 | 110.45 USD | +6.1% |
| 2021 | 117.29 USD | +6.2% |
| 2022 | 120.52 USD | +2.8% |
| 2023 | 128.37 USD | +6.5% |
| 2024 | 135.05 USD | +5.2% |
Marshall Islands compared with similar countries
- Marshall Islands's 135.05 USD is above the median for upper middle income countries, which is 121.31 USD, 1.1× the median. (51 countries reporting)
- Marshall Islands's 135.05 USD is above the median for East Asia & Pacific, which is 118.05 USD, 1.1× the median. (24 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 24.6 USD | 19.42 USD | 33.4 USD | 10 |
| 1980s | 47.83 USD | 37.63 USD | 56.63 USD | 10 |
| 1990s | 68.31 USD | 59.46 USD | 75.43 USD | 10 |
| 2000s | 81.32 USD | 74.34 USD | 89.81 USD | 10 |
| 2010s | 102.65 USD | 90.25 USD | 110.18 USD | 10 |
| 2020s | 122.34 USD | 110.45 USD | 135.05 USD | 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 gdp deflator — value us$, 2015 prices in Marshall Islands?
- Gdp deflator — value us$, 2015 prices in Marshall Islands was 135.05 USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gdp deflator — value us$, 2015 prices recorded in Marshall Islands?
- The highest recorded value was 135.05 USD in 2024.
- What is the lowest gdp deflator — value us$, 2015 prices recorded in Marshall Islands?
- The lowest recorded value was 19.42 USD in 1973.
- How does Marshall Islands rank for gdp deflator — value us$, 2015 prices?
- Marshall Islands ranks 35th out of 203 countries with data for 2024.
- Is gdp deflator — value us$, 2015 prices rising or falling in Marshall Islands?
- Over the last ten years it is up 30.7%. The long-run trend across the full record is rising.
- Where does this Marshall Islands data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of GDP Deflator — Value US$, 2015 prices. Statizoid updates them automatically from the source API.
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About this data
The FAOSTAT Deflators database provides the following selection of price deflator series by country and at regional level: Gross Domestic Product deflator, Gross Fixed Capital Formation deflator, Manufacturing Value-Added deflator, and Agriculture, Forestry, Fishery Valued-Added deflator. In the FAOSTAT Deflators database, all series are derived from the United Nations Statistics Division (UNSD) National Accounts Analysis of Main Aggregates database (UNSD AMA). In particular, the implicit Gross Domestic Product deflator, the implicit Gross Fixed Capital Formation deflator, the implicit value added deflator of Agriculture, Forestry, Fishery and the implicit value added deflator of Manufacturing are obtained by dividing the series in current prices by those in constant 2015 prices (base year).