Gross Domestic Product — Value Standard Local Currency, 2015 prices in Marshall Islands
Marshall Islands: Gross Domestic Product — Value Standard Local Currency, 2015 prices was 1.17 million SLC per square kilometre in 2023. ▲ Rising
Gross Domestic Product — Value Standard Local Currency, 2015 prices in Marshall Islands, 1991–2023
Source: Statizoid (derived). Measured in million SLC per square kilometre.
Analysis
Marshall Islands recorded 1.17 million SLC per square kilometre for gross domestic product — value standard local currency, 2015 prices in 2023.
The figure is down 3.9% on the previous year and up 16.0% over ten years.
Over the whole period, gross domestic product — value standard local currency, 2015 prices in Marshall Islands peaked at 1.24 million SLC per square kilometre in 2019 and was at its lowest, 0.7408 million SLC per square kilometre, in 1991.
That places Marshall Islands 146th out of 194 countries with data for 2023, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 33 years of available data.
Gross Domestic Product — Value Standard Local Currency, 2015 prices in Marshall Islands, year by year
| Year | million SLC per square kilometre | Change |
|---|---|---|
| 1991 | 0.7408 million SLC per square kilometre | — |
| 1992 | 0.7997 million SLC per square kilometre | +8.0% |
| 1993 | 0.8542 million SLC per square kilometre | +6.8% |
| 1994 | 0.9114 million SLC per square kilometre | +6.7% |
| 1995 | 0.9937 million SLC per square kilometre | +9.0% |
| 1996 | 0.8982 million SLC per square kilometre | -9.6% |
| 1997 | 0.8527 million SLC per square kilometre | -5.1% |
| 1998 | 0.8469 million SLC per square kilometre | -0.7% |
| 1999 | 0.8353 million SLC per square kilometre | -1.4% |
| 2000 | 0.8559 million SLC per square kilometre | +2.5% |
| 2001 | 0.9151 million SLC per square kilometre | +6.9% |
| 2002 | 0.9485 million SLC per square kilometre | +3.6% |
| 2003 | 0.9339 million SLC per square kilometre | -1.5% |
| 2004 | 0.9273 million SLC per square kilometre | -0.7% |
| 2005 | 0.9438 million SLC per square kilometre | +1.8% |
| 2006 | 0.9457 million SLC per square kilometre | +0.2% |
| 2007 | 0.9778 million SLC per square kilometre | +3.4% |
| 2008 | 0.903 million SLC per square kilometre | -7.6% |
| 2009 | 0.9362 million SLC per square kilometre | +3.7% |
| 2010 | 0.9869 million SLC per square kilometre | +5.4% |
| 2011 | 0.9839 million SLC per square kilometre | -0.3% |
| 2012 | 0.9712 million SLC per square kilometre | -1.3% |
| 2013 | 1.01 million SLC per square kilometre | +3.7% |
| 2014 | 0.9956 million SLC per square kilometre | -1.1% |
| 2015 | 1.02 million SLC per square kilometre | +2.1% |
| 2016 | 1.04 million SLC per square kilometre | +2.0% |
| 2017 | 1.07 million SLC per square kilometre | +3.4% |
| 2018 | 1.12 million SLC per square kilometre | +4.2% |
| 2019 | 1.24 million SLC per square kilometre | +10.8% |
| 2020 | 1.22 million SLC per square kilometre | -1.8% |
| 2021 | 1.23 million SLC per square kilometre | +1.1% |
| 2022 | 1.22 million SLC per square kilometre | -1.1% |
| 2023 | 1.17 million SLC per square kilometre | -3.9% |
Marshall Islands compared with similar countries
- Marshall Islands's 1.17 million SLC per square kilometre is below the median for upper middle income countries, which is 5.02 million SLC per square kilometre, 23% of the median. (54 countries reporting)
- Marshall Islands's 1.17 million SLC per square kilometre is below the median for East Asia & Pacific, which is 6.18 million SLC per square kilometre, 19% of the median. (28 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.8592 million SLC per square kilometre | 0.7408 million SLC per square kilometre | 0.9937 million SLC per square kilometre | 9 |
| 2000s | 0.9287 million SLC per square kilometre | 0.8559 million SLC per square kilometre | 0.9778 million SLC per square kilometre | 10 |
| 2010s | 1.04 million SLC per square kilometre | 0.9712 million SLC per square kilometre | 1.24 million SLC per square kilometre | 10 |
| 2020s | 1.21 million SLC per square kilometre | 1.17 million SLC per square kilometre | 1.23 million SLC per square kilometre | 4 |
Countries ranked near Marshall Islands
- 143 Tonga 1.33 million SLC per square kilometre compare
- 144 Bahamas 1.24 million SLC per square kilometre compare
- 145 New Zealand 1.21 million SLC per square kilometre compare
- 147 Ghana 1.15 million SLC per square kilometre compare
- 148 Croatia 1.07 million SLC per square kilometre compare
- 149 Mozambique 1.04 million SLC per square kilometre 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 1.17 million SLC per square kilometre in 2023, 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 1.24 million SLC per square kilometre in 2019.
- What is the lowest gross domestic product — value standard local currency, 2015 prices recorded in Marshall Islands?
- The lowest recorded value was 0.7408 million SLC per square kilometre in 1991.
- How does Marshall Islands rank for gross domestic product — value standard local currency, 2015 prices?
- Marshall Islands ranks 146th out of 194 countries with data for 2023.
- Is gross domestic product — value standard local currency, 2015 prices rising or falling in Marshall Islands?
- Over the last ten years it is up 16.0%. 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 square kilometre. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 33 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 Land area (sq. km), 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 ÷ Land area (sq. km)
Computed from
- Gross Domestic Product — Value Standard Local Currency, 2015 prices Food and Agriculture Organization of the United Nations
- Land area FAOSTAT, Food and Agriculture Organization of the United Nations (FAO)
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 Land area (sq. km), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.