Gross domestic income in Marshall Islands
Marshall Islands: Gross domestic income was 220.56 million constant LCU in 2024. ▲ Rising
Gross domestic income in Marshall Islands, 2004–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant LCU.
Analysis
Marshall Islands recorded 220.56 million constant LCU for gross domestic income in 2024.
Compared with earlier readings it is down 0.9% on the previous year and up 20.0% over ten years.
Over the whole period, gross domestic income in Marshall Islands peaked at 244.15 million constant LCU in 2021 and was at its lowest, 161.41 million constant LCU, in 2004.
Marshall Islands ranks 178th of 178 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 21 years of available data.
Gross domestic income in Marshall Islands, year by year
| Year | constant LCU | Change |
|---|---|---|
| 2004 | 161.41 million constant LCU | — |
| 2005 | 169.80 million constant LCU | +5.2% |
| 2006 | 171.92 million constant LCU | +1.2% |
| 2007 | 176.94 million constant LCU | +2.9% |
| 2008 | 165.82 million constant LCU | -6.3% |
| 2009 | 164.86 million constant LCU | -0.6% |
| 2010 | 171.03 million constant LCU | +3.7% |
| 2011 | 182.21 million constant LCU | +6.5% |
| 2012 | 190.59 million constant LCU | +4.6% |
| 2013 | 194.91 million constant LCU | +2.3% |
| 2014 | 183.85 million constant LCU | -5.7% |
| 2015 | 183.70 million constant LCU | -0.1% |
| 2016 | 195.40 million constant LCU | +6.4% |
| 2017 | 212.34 million constant LCU | +8.7% |
| 2018 | 219.65 million constant LCU | +3.4% |
| 2019 | 231.22 million constant LCU | +5.3% |
| 2020 | 234.37 million constant LCU | +1.4% |
| 2021 | 244.15 million constant LCU | +4.2% |
| 2022 | 235.22 million constant LCU | -3.7% |
| 2023 | 222.54 million constant LCU | -5.4% |
| 2024 | 220.56 million constant LCU | -0.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 168.46 million constant LCU | 161.41 million constant LCU | 176.94 million constant LCU | 6 |
| 2010s | 196.49 million constant LCU | 171.03 million constant LCU | 231.22 million constant LCU | 10 |
| 2020s | 231.37 million constant LCU | 220.56 million constant LCU | 244.15 million constant LCU | 5 |
Countries ranked near Marshall Islands
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)
- Exports of goods and services 36.0% (2025)
Frequently asked questions
- What is gross domestic income in Marshall Islands?
- Gross domestic income in Marshall Islands was 220.56 million constant LCU in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross domestic income recorded in Marshall Islands?
- The highest recorded value was 244.15 million constant LCU in 2021.
- What is the lowest gross domestic income recorded in Marshall Islands?
- The lowest recorded value was 161.41 million constant LCU in 2004.
- How does Marshall Islands rank for gross domestic income?
- Marshall Islands ranks 178th out of 178 countries with data for 2024.
- Is gross domestic income rising or falling in Marshall Islands?
- Over the last ten years it is up 20.0%. The long-run trend across the full record is rising.
- Where does this Marshall Islands data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Gross domestic income (constant LCU). Statizoid updates them automatically from the source API.
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About this data
Real gross domestic income (real GDI) measures the purchasing power of the total incomes generated by domestic production. It is a concept that exists in real terms only. When the terms of trade change there may be a significant divergence between the movements of GDP in volume terms and real GDI. The difference between the change in GDP in volume terms and real GDI is generally described as the “trading gain” (or loss) or, to turn this round, the trading gain or loss from changes in the terms of trade is the difference between real GDI and GDP in volume terms. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.