Gross domestic product (GDP), Constant prices, Purchasing power in Marshall Islands
Marshall Islands: Gross domestic product (GDP), Constant prices, Purchasing power was 0.2649 in 2019. ▲ Rising
Gross domestic product (GDP), Constant prices, Purchasing power in Marshall Islands, 1970–2019
Source: International Monetary Fund.
Analysis
Marshall Islands recorded 0.2649 for gross domestic product (gdp), constant prices, purchasing power in 2019. That is the highest value across all 50 years on record.
That represents a change of up 5.3% on the previous year and up 52.3% over ten years.
Over the whole period, gross domestic product (gdp), constant prices, purchasing power in Marshall Islands peaked at 0.2649 in 2019 and was at its lowest, 0.0445, in 1970.
Marshall Islands ranks 191st of 193 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 50 years of available data.
Gross domestic product (GDP), Constant prices, Purchasing power in Marshall Islands, year by year
| Year | Value | Change |
|---|---|---|
| 1970 | 0.0445 | — |
| 1971 | 0.0455 | +2.3% |
| 1972 | 0.046 | +1.1% |
| 1973 | 0.0616 | +33.9% |
| 1974 | 0.0711 | +15.3% |
| 1975 | 0.0711 | +0.1% |
| 1976 | 0.0714 | +0.4% |
| 1977 | 0.0731 | +2.4% |
| 1978 | 0.0772 | +5.6% |
| 1979 | 0.0789 | +2.1% |
| 1980 | 0.0732 | -7.2% |
| 1981 | 0.0779 | +6.4% |
| 1982 | 0.0817 | +4.8% |
| 1983 | 0.0943 | +15.5% |
| 1984 | 0.098 | +3.9% |
| 1985 | 0.0919 | -6.3% |
| 1986 | 0.1144 | +24.5% |
| 1987 | 0.1251 | +9.4% |
| 1988 | 0.1349 | +7.8% |
| 1989 | 0.1326 | -1.7% |
| 1990 | 0.1361 | +2.7% |
| 1991 | 0.1362 | +0.1% |
| 1992 | 0.146 | +7.1% |
| 1993 | 0.1547 | +6.0% |
| 1994 | 0.1638 | +5.9% |
| 1995 | 0.1773 | +8.2% |
| 1996 | 0.159 | -10.3% |
| 1997 | 0.1505 | -5.4% |
| 1998 | 0.1462 | -2.9% |
| 1999 | 0.1427 | -2.4% |
| 2000 | 0.1512 | +5.9% |
| 2001 | 0.1593 | +5.4% |
| 2002 | 0.1636 | +2.7% |
| 2003 | 0.1641 | +0.3% |
| 2004 | 0.1656 | +0.9% |
| 2005 | 0.1716 | +3.6% |
| 2006 | 0.1744 | +1.7% |
| 2007 | 0.1814 | +4.0% |
| 2008 | 0.1771 | -2.4% |
| 2009 | 0.174 | -1.8% |
| 2010 | 0.1863 | +7.1% |
| 2011 | 0.1883 | +1.1% |
| 2012 | 0.1942 | +3.2% |
| 2013 | 0.1997 | +2.8% |
| 2014 | 0.1983 | -0.7% |
| 2015 | 0.197 | -0.6% |
| 2016 | 0.2005 | +1.8% |
| 2017 | 0.2097 | +4.5% |
| 2018 | 0.2516 | +20.0% |
| 2019 | 0.2649 | +5.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.064 | 0.0445 | 0.0789 | 10 |
| 1980s | 0.1024 | 0.0732 | 0.1349 | 10 |
| 1990s | 0.1513 | 0.1361 | 0.1773 | 10 |
| 2000s | 0.1682 | 0.1512 | 0.1814 | 10 |
| 2010s | 0.209 | 0.1863 | 0.2649 | 10 |
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 gross domestic product (gdp), constant prices, purchasing power in Marshall Islands?
- Gross domestic product (gdp), constant prices, purchasing power in Marshall Islands was 0.2649 in 2019, according to International Monetary Fund.
- What is the highest gross domestic product (gdp), constant prices, purchasing power recorded in Marshall Islands?
- The highest recorded value was 0.2649 in 2019.
- What is the lowest gross domestic product (gdp), constant prices, purchasing power recorded in Marshall Islands?
- The lowest recorded value was 0.0445 in 1970.
- How does Marshall Islands rank for gross domestic product (gdp), constant prices, purchasing power?
- Marshall Islands ranks 191st out of 193 countries with data for 2019.
- Is gross domestic product (gdp), constant prices, purchasing power rising or falling in Marshall Islands?
- Over the last ten years it is up 52.3%. The long-run trend across the full record is rising.
- Where does this Marshall Islands data come from?
- The figures come from International Monetary Fund, published as part of Gross domestic product (GDP), Constant prices, Purchasing power parity (PPP) international dollar, ICP benchmark 2017. Statizoid updates them automatically from the source API.
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About this data
This dataset provides comprehensive data for investment and capital stock for the general government, private sector and public-private partnerships, across the Fund member countries.