Gross Domestic Product — Value US$, 2015 prices, annual growth rate in Marshall Islands
Marshall Islands: Gross Domestic Product — Value US$, 2015 prices, annual growth rate was 2.77 % change on previous year in 2024. ◆ Volatile
Gross Domestic Product — Value US$, 2015 prices, annual growth rate in Marshall Islands, 1971–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for gross domestic product — value us$, 2015 prices, annual growth rate in Marshall Islands is 2.77 % change on previous year, measured in 2024.
Compared with earlier readings it is up 170.6% on the previous year and up 347.4% over ten years.
Over the whole period, gross domestic product — value us$, 2015 prices, annual growth rate in Marshall Islands peaked at 33.92 % change on previous year in 1973 and was at its lowest, -9.62 % change on previous year, in 1996.
Marshall Islands ranks 134th of 236 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product — Value US$, 2015 prices, 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% |
Biggest year-on-year movements
Years where Gross Domestic Product — Value US$, 2015 prices, annual growth rate in Marshall Islands changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1992 | +8962.1% | 0.0878 % change on previous year | 7.96 % change on previous year |
| 1973 | +3036.1% | 1.08 % change on previous year | 33.92 % change on previous year |
| 2007 | +1575.1% | 0.2025 % change on previous year | 3.39 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 7.03 % change on previous year | 0.0602 % change on previous year | 33.92 % change on previous year | 9 |
| 1980s | 5.72 % change on previous year | -7.2 % change on previous year | 24.54 % change on previous year | 10 |
| 1990s | 1.65 % change on previous year | -9.62 % change on previous year | 9.04 % change on previous year | 10 |
| 2000s | 1.22 % change on previous year | -7.65 % change on previous year | 6.92 % change on previous year | 10 |
| 2010s | 2.9 % change on previous year | -1.29 % change on previous year | 10.84 % change on previous year | 10 |
| 2020s | -0.5955 % change on previous year | -3.93 % change on previous year | 2.77 % change on previous year | 5 |
Countries ranked near Marshall Islands
- 131 Liechtenstein 2.8 % change on previous year compare
- 132 United States 2.8 % change on previous year compare
- 133 Lithuania 2.77 % change on previous year compare
- 135 Qatar 2.77 % change on previous year compare
- 136 Lesotho 2.76 % change on previous year compare
- 137 North Macedonia 2.76 % change on previous year compare
More economy & growth data for Marshall Islands
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 0.6305 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 1.5 Percent per annum (2029)
- Foreign direct investment, net inflows (BoP, current US$), 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 us$, 2015 prices, annual growth rate in Marshall Islands?
- Gross domestic product — value us$, 2015 prices, annual growth rate in Marshall Islands was 2.77 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gross domestic product — value us$, 2015 prices, annual growth rate recorded in Marshall Islands?
- The highest recorded value was 33.92 % change on previous year in 1973.
- What is the lowest gross domestic product — value us$, 2015 prices, annual growth rate 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 us$, 2015 prices, annual growth rate?
- Marshall Islands ranks 134th out of 236 countries with data for 2024.
- Is gross domestic product — value us$, 2015 prices, annual growth rate 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 US$, 2015 prices, annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 54 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Gross Domestic Product — Value US$, 2015 prices. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross Domestic Product — Value US$, 2015 prices Food and Agriculture Organization of the United Nations
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Gross Domestic Product — Value US$, 2015 prices. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.