Gross Domestic Product — Value Standard Local Currency, 2015 prices in Marshall Islands
Marshall Islands: Gross Domestic Product — Value Standard Local Currency, 2015 prices was 0.0058 million SLC per person in 2024. ▲ Rising
Gross Domestic Product — Value Standard Local Currency, 2015 prices in Marshall Islands, 1970–2024
Source: Statizoid (derived). Measured in million SLC per person.
Analysis
Marshall Islands recorded 0.0058 million SLC per person for gross domestic product — value standard local currency, 2015 prices in 2024. That is the highest value across all 55 years on record.
The figure is up 6.3% on the previous year and up 59.9% over ten years.
Over the whole period, gross domestic product — value standard local currency, 2015 prices in Marshall Islands peaked at 0.0058 million SLC per person in 2024 and was at its lowest, 0.0019 million SLC per person, in 1972.
Marshall Islands ranks 185th of 194 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 55 years of available data.
Gross Domestic Product — Value Standard Local Currency, 2015 prices in Marshall Islands, year by year
| Year | million SLC per person | Change |
|---|---|---|
| 1970 | 0.0019 million SLC per person | — |
| 1971 | 0.0019 million SLC per person | -1.4% |
| 1972 | 0.0019 million SLC per person | -1.6% |
| 1973 | 0.0025 million SLC per person | +30.7% |
| 1974 | 0.0028 million SLC per person | +12.1% |
| 1975 | 0.0027 million SLC per person | -3.2% |
| 1976 | 0.0026 million SLC per person | -2.9% |
| 1977 | 0.0026 million SLC per person | -0.8% |
| 1978 | 0.0026 million SLC per person | +2.3% |
| 1979 | 0.0026 million SLC per person | -1.1% |
| 1980 | 0.0023 million SLC per person | -10.3% |
| 1981 | 0.0024 million SLC per person | +2.3% |
| 1982 | 0.0024 million SLC per person | +0.5% |
| 1983 | 0.0027 million SLC per person | +10.8% |
| 1984 | 0.0026 million SLC per person | -0.3% |
| 1985 | 0.0024 million SLC per person | -10.0% |
| 1986 | 0.0028 million SLC per person | +19.7% |
| 1987 | 0.003 million SLC per person | +5.2% |
| 1988 | 0.0031 million SLC per person | +4.0% |
| 1989 | 0.003 million SLC per person | -4.5% |
| 1990 | 0.003 million SLC per person | +0.3% |
| 1991 | 0.0029 million SLC per person | -2.0% |
| 1992 | 0.0031 million SLC per person | +6.1% |
| 1993 | 0.0033 million SLC per person | +5.2% |
| 1994 | 0.0034 million SLC per person | +5.3% |
| 1995 | 0.0037 million SLC per person | +7.8% |
| 1996 | 0.0033 million SLC per person | -10.6% |
| 1997 | 0.0031 million SLC per person | -6.0% |
| 1998 | 0.0031 million SLC per person | -1.6% |
| 1999 | 0.003 million SLC per person | -2.3% |
| 2000 | 0.003 million SLC per person | +1.4% |
| 2001 | 0.0032 million SLC per person | +6.0% |
| 2002 | 0.0033 million SLC per person | +3.0% |
| 2003 | 0.0033 million SLC per person | -1.9% |
| 2004 | 0.0032 million SLC per person | -1.0% |
| 2005 | 0.0033 million SLC per person | +1.5% |
| 2006 | 0.0033 million SLC per person | +0.0% |
| 2007 | 0.0034 million SLC per person | +3.3% |
| 2008 | 0.0031 million SLC per person | -7.6% |
| 2009 | 0.0032 million SLC per person | +3.7% |
| 2010 | 0.0034 million SLC per person | +5.4% |
| 2011 | 0.0034 million SLC per person | -0.0% |
| 2012 | 0.0034 million SLC per person | -0.4% |
| 2013 | 0.0036 million SLC per person | +5.2% |
| 2014 | 0.0036 million SLC per person | +0.6% |
| 2015 | 0.0037 million SLC per person | +4.2% |
| 2016 | 0.0039 million SLC per person | +4.3% |
| 2017 | 0.0041 million SLC per person | +6.0% |
| 2018 | 0.0044 million SLC per person | +7.1% |
| 2019 | 0.0051 million SLC per person | +14.1% |
| 2020 | 0.0051 million SLC per person | +1.1% |
| 2021 | 0.0053 million SLC per person | +4.4% |
| 2022 | 0.0055 million SLC per person | +2.1% |
| 2023 | 0.0054 million SLC per person | -0.8% |
| 2024 | 0.0058 million SLC per person | +6.3% |
Marshall Islands compared with similar countries
- Marshall Islands's 0.0058 million SLC per person is below the median for upper middle income countries, which is 0.0458 million SLC per person, 13% of the median. (54 countries reporting)
- Marshall Islands's 0.0058 million SLC per person is below the median for East Asia & Pacific, which is 0.0672 million SLC per person, 9% of the median. (28 countries reporting)
Biggest year-on-year movements
Years where Gross Domestic Product — Value Standard Local Currency, 2015 prices 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 |
|---|---|---|---|
| 1973 | +30.7% | 0.0019 million SLC per person | 0.0025 million SLC per person |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.0024 million SLC per person | 0.0019 million SLC per person | 0.0028 million SLC per person | 10 |
| 1980s | 0.0027 million SLC per person | 0.0023 million SLC per person | 0.0031 million SLC per person | 10 |
| 1990s | 0.0032 million SLC per person | 0.0029 million SLC per person | 0.0037 million SLC per person | 10 |
| 2000s | 0.0032 million SLC per person | 0.003 million SLC per person | 0.0034 million SLC per person | 10 |
| 2010s | 0.0039 million SLC per person | 0.0034 million SLC per person | 0.0051 million SLC per person | 10 |
| 2020s | 0.0054 million SLC per person | 0.0051 million SLC per person | 0.0058 million SLC per person | 5 |
Countries ranked near Marshall Islands
- 182 Tuvalu 0.0066 million SLC per person compare
- 183 Ecuador 0.0061 million SLC per person compare
- 184 Azerbaijan 0.006 million SLC per person compare
- 186 Sierra Leone 0.0057 million SLC per person compare
- 187 El Salvador 0.0046 million SLC per person compare
- 188 Jordan 0.0028 million SLC per person compare
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 — value standard local currency, 2015 prices in Marshall Islands?
- Gross domestic product — value standard local currency, 2015 prices in Marshall Islands was 0.0058 million SLC per person 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 0.0058 million SLC per person in 2024.
- What is the lowest gross domestic product — value standard local currency, 2015 prices recorded in Marshall Islands?
- The lowest recorded value was 0.0019 million SLC per person in 1972.
- How does Marshall Islands rank for gross domestic product — value standard local currency, 2015 prices?
- Marshall Islands ranks 185th out of 194 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 59.9%. The long-run trend across the full record is rising.
- 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, per capita. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 55 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
Gross Domestic Product — Value Standard Local Currency, 2015 prices divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Gross Domestic Product — Value Standard Local Currency, 2015 prices ÷ Population, total
Computed from
- Gross Domestic Product — Value Standard Local Currency, 2015 prices Food and Agriculture Organization of the United Nations
- Population, total World Population Prospects, United Nations (UN)
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
Gross Domestic Product — Value Standard Local Currency, 2015 prices divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.