Gross Domestic Product … Standard Local Currency annual growth rate in Marshall Islands
Marshall Islands: Gross Domestic Product … Standard Local Currency annual growth rate was 2.77 % change on previous year in 2024. ◆ Volatile
Gross Domestic Product — Value Standard Local Currency, 2015 prices in Marshall Islands, 1971–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2024, gross domestic product — value standard local currency, 2015 prices in Marshall Islands stood at 2.77 % change on previous year.
That represents a change of up 170.6% on the previous year and up 347.4% over ten years.
Over the whole period, gross domestic product — value standard local currency, 2015 prices in Marshall Islands peaked at 33.92 % change on previous year in 1973 and was at its lowest, -9.62 % change on previous year, in 1996.
Marshall Islands ranks 126th of 223 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.
Gross Domestic Product … Standard Local Currency annual growth rate in Marshall Islands, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 2.31 % change on previous year | — |
| 1972 | 1.08 % change on previous year | -53.2% |
| 1973 | 33.92 % change on previous year | +3036.1% |
| 1974 | 15.32 % change on previous year | -54.8% |
| 1975 | 0.0602 % change on previous year | -99.6% |
| 1976 | 0.3613 % change on previous year | +499.9% |
| 1977 | 2.43 % change on previous year | +572.6% |
| 1978 | 5.62 % change on previous year | +131.4% |
| 1979 | 2.14 % change on previous year | -62.0% |
| 1980 | -7.2 % change on previous year | -437.0% |
| 1981 | 6.44 % change on previous year | -189.5% |
| 1982 | 4.83 % change on previous year | -24.9% |
| 1983 | 15.51 % change on previous year | +221.0% |
| 1984 | 3.87 % change on previous year | -75.1% |
| 1985 | -6.26 % change on previous year | -261.9% |
| 1986 | 24.54 % change on previous year | -492.2% |
| 1987 | 9.36 % change on previous year | -61.8% |
| 1988 | 7.79 % change on previous year | -16.8% |
| 1989 | -1.69 % change on previous year | -121.7% |
| 1990 | 2.68 % change on previous year | -258.2% |
| 1991 | 0.0878 % change on previous year | -96.7% |
| 1992 | 7.96 % change on previous year | +8962.1% |
| 1993 | 6.82 % change on previous year | -14.4% |
| 1994 | 6.69 % change on previous year | -1.9% |
| 1995 | 9.04 % change on previous year | +35.2% |
| 1996 | -9.62 % change on previous year | -206.4% |
| 1997 | -5.07 % change on previous year | -47.3% |
| 1998 | -0.6796 % change on previous year | -86.6% |
| 1999 | -1.36 % change on previous year | +100.8% |
| 2000 | 2.47 % change on previous year | -280.9% |
| 2001 | 6.92 % change on previous year | +180.2% |
| 2002 | 3.65 % change on previous year | -47.3% |
| 2003 | -1.54 % change on previous year | -142.1% |
| 2004 | -0.7079 % change on previous year | -53.9% |
| 2005 | 1.77 % change on previous year | -350.4% |
| 2006 | 0.2025 % change on previous year | -88.6% |
| 2007 | 3.39 % change on previous year | +1575.1% |
| 2008 | -7.65 % change on previous year | -325.4% |
| 2009 | 3.67 % change on previous year | -148.0% |
| 2010 | 5.42 % change on previous year | +47.6% |
| 2011 | -0.3068 % change on previous year | -105.7% |
| 2012 | -1.29 % change on previous year | +321.5% |
| 2013 | 3.68 % change on previous year | -384.6% |
| 2014 | -1.12 % change on previous year | -130.4% |
| 2015 | 2.11 % change on previous year | -288.5% |
| 2016 | 2.02 % change on previous year | -4.5% |
| 2017 | 3.41 % change on previous year | +69.1% |
| 2018 | 4.19 % change on previous year | +23.0% |
| 2019 | 10.84 % change on previous year | +158.4% |
| 2020 | -1.84 % change on previous year | -117.0% |
| 2021 | 1.11 % change on previous year | -160.5% |
| 2022 | -1.1 % change on previous year | -198.3% |
| 2023 | -3.93 % change on previous year | +258.1% |
| 2024 | 2.77 % change on previous year | -170.6% |
Marshall Islands compared with similar countries
- Marshall Islands's 2.77 % change on previous year is below the median for upper middle income countries, which is 3.3 % change on previous year, 84% of the median. (54 countries reporting)
- Marshall Islands's 2.77 % change on previous year is below the median for East Asia & Pacific, which is 3.9 % change on previous year, 71% of the median. (28 countries reporting)
Biggest year-on-year movements
Years where Gross Domestic Product … Standard Local Currency annual growth rate in Marshall Islands changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1992 | +8962.1% | 0.0878 % change on previous year | 7.96 % change on previous year |
| 1973 | +3036.1% | 1.08 % change on previous year | 33.92 % change on previous year |
| 2007 | +1575.1% | 0.2025 % change on previous year | 3.39 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 7.03 % change on previous year | 0.0602 % change on previous year | 33.92 % change on previous year | 9 |
| 1980s | 5.72 % change on previous year | -7.2 % change on previous year | 24.54 % change on previous year | 10 |
| 1990s | 1.65 % change on previous year | -9.62 % change on previous year | 9.04 % change on previous year | 10 |
| 2000s | 1.22 % change on previous year | -7.65 % change on previous year | 6.92 % change on previous year | 10 |
| 2010s | 2.9 % change on previous year | -1.29 % change on previous year | 10.84 % change on previous year | 10 |
| 2020s | -0.5955 % change on previous year | -3.93 % change on previous year | 2.77 % change on previous year | 5 |
Countries ranked near Marshall Islands
- 123 Liechtenstein 2.8 % change on previous year compare
- 124 United States 2.8 % change on previous year compare
- 125 Lithuania 2.77 % change on previous year compare
- 127 Qatar 2.77 % change on previous year compare
- 128 Lesotho 2.76 % change on previous year compare
- 129 North Macedonia 2.76 % change on previous year 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 gross domestic product — value standard local currency, 2015 prices in Marshall Islands?
- Gross domestic product — value standard local currency, 2015 prices in Marshall Islands was 2.77 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gross domestic product — value standard local currency, 2015 prices recorded in Marshall Islands?
- The highest recorded value was 33.92 % change on previous year in 1973.
- What is the lowest gross domestic product — value standard local currency, 2015 prices recorded in Marshall Islands?
- The lowest recorded value was -9.62 % change on previous year in 1996.
- How does Marshall Islands rank for gross domestic product — value standard local currency, 2015 prices?
- Marshall Islands ranks 126th out of 223 countries with data for 2024.
- Is gross domestic product — value standard local currency, 2015 prices rising or falling in Marshall Islands?
- Over the last ten years it is up 347.4%. The long-run trend across the full record is volatile.
- Where does this Marshall Islands data come from?
- The figures come from Statizoid (derived), published as part of Gross Domestic Product — Value Standard Local Currency, 2015 prices, annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 54 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Gross Domestic Product — Value Standard Local Currency, 2015 prices. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross Domestic Product — Value Standard Local Currency, 2015 prices Food and Agriculture Organization of the United Nations
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Gross Domestic Product — Value Standard Local Currency, 2015 prices. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.