Gross Domestic Product — Value US$ in Marshall Islands
Marshall Islands: Gross Domestic Product — Value US$ was 291.85 million USD in 2024. ◆ Volatile
Gross Domestic Product — Value US$ in Marshall Islands, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
The most recent figure for gross domestic product — value us$ in Marshall Islands is 291.85 million USD, measured in 2024. That is the highest value across all 55 years on record.
Compared with earlier readings it is up 8.1% on the previous year and up 57.6% over ten years.
Over the whole period, gross domestic product — value us$ in Marshall Islands peaked at 291.85 million USD in 2024 and was at its lowest, 8.49 million USD, in 1970.
Marshall Islands ranks 200th of 203 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product — Value US$ in Marshall Islands, year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 8.49 million USD | — |
| 1971 | 9.2 million USD | +8.4% |
| 1972 | 10.07 million USD | +9.4% |
| 1973 | 11.72 million USD | +16.4% |
| 1974 | 15.36 million USD | +31.1% |
| 1975 | 16.85 million USD | +9.7% |
| 1976 | 18.32 million USD | +8.8% |
| 1977 | 20.4 million USD | +11.3% |
| 1978 | 22.42 million USD | +9.9% |
| 1979 | 25.78 million USD | +15.0% |
| 1980 | 26.96 million USD | +4.6% |
| 1981 | 31.31 million USD | +16.1% |
| 1982 | 35.24 million USD | +12.6% |
| 1983 | 42.14 million USD | +19.6% |
| 1984 | 45.57 million USD | +8.1% |
| 1985 | 44.29 million USD | -2.8% |
| 1986 | 56.51 million USD | +27.6% |
| 1987 | 63.57 million USD | +12.5% |
| 1988 | 71.35 million USD | +12.2% |
| 1989 | 73.48 million USD | +3.0% |
| 1990 | 79.21 million USD | +7.8% |
| 1991 | 83.28 million USD | +5.1% |
| 1992 | 92.62 million USD | +11.2% |
| 1993 | 101.93 million USD | +10.1% |
| 1994 | 111.6 million USD | +9.5% |
| 1995 | 125.1 million USD | +12.1% |
| 1996 | 116.23 million USD | -7.1% |
| 1997 | 109.99 million USD | -5.4% |
| 1998 | 112.17 million USD | +2.0% |
| 1999 | 113.41 million USD | +1.1% |
| 2000 | 114.91 million USD | +1.3% |
| 2001 | 122.45 million USD | +6.6% |
| 2002 | 132.02 million USD | +7.8% |
| 2003 | 131.25 million USD | -0.6% |
| 2004 | 132.94 million USD | +1.3% |
| 2005 | 137.67 million USD | +3.6% |
| 2006 | 142.75 million USD | +3.7% |
| 2007 | 149.87 million USD | +5.0% |
| 2008 | 145.97 million USD | -2.6% |
| 2009 | 150.62 million USD | +3.2% |
| 2010 | 160.32 million USD | +6.4% |
| 2011 | 171.57 million USD | +7.0% |
| 2012 | 179.86 million USD | +4.8% |
| 2013 | 185.47 million USD | +3.1% |
| 2014 | 185.17 million USD | -0.2% |
| 2015 | 183 million USD | -1.2% |
| 2016 | 200.72 million USD | +9.7% |
| 2017 | 212.7 million USD | +6.0% |
| 2018 | 219.33 million USD | +3.1% |
| 2019 | 232.09 million USD | +5.8% |
| 2020 | 241.72 million USD | +4.1% |
| 2021 | 259.54 million USD | +7.4% |
| 2022 | 263.78 million USD | +1.6% |
| 2023 | 269.93 million USD | +2.3% |
| 2024 | 291.85 million USD | +8.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 15.86 million USD | 8.49 million USD | 25.78 million USD | 10 |
| 1980s | 49.04 million USD | 26.96 million USD | 73.48 million USD | 10 |
| 1990s | 104.55 million USD | 79.21 million USD | 125.1 million USD | 10 |
| 2000s | 136.04 million USD | 114.91 million USD | 150.62 million USD | 10 |
| 2010s | 193.02 million USD | 160.32 million USD | 232.09 million USD | 10 |
| 2020s | 265.36 million USD | 241.72 million USD | 291.85 million USD | 5 |
Countries ranked near Marshall Islands
More economy & growth data for Marshall Islands
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 1.5 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 0.6305 Percent per annum (2029)
- Taxes less subsidies on products (current LCU), annual growth rate 20.73 % change on previous year (2024)
- Gdp worldbank constant usd, annual growth rate 2.28 % change on previous year (2025)
- Gdp worldbank constant usd, per unit of GDP 0.7273 units per US$ of GDP (2025)
- Gdp worldbank constant usd, per capita 6,174 units per person (2025)
- Manufacturing value added to gdp, per unit of GDP 0 units per US$ of GDP (2024)
- Manufacturing value added to gdp, per capita 0.0001 units per person (2024)
- External balance on goods and services as a percent of gdp -43.83 (2025)
- Taxes less subsidies on products (current LCU), per capita 321 current LCU per person (2024)
Frequently asked questions
- What is gross domestic product — value us$ in Marshall Islands?
- Gross domestic product — value us$ in Marshall Islands was 291.85 million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value us$ recorded in Marshall Islands?
- The highest recorded value was 291.85 million USD in 2024.
- What is the lowest gross domestic product — value us$ recorded in Marshall Islands?
- The lowest recorded value was 8.49 million USD in 1970.
- How does Marshall Islands rank for gross domestic product — value us$?
- Marshall Islands ranks 200th out of 203 countries with data for 2024.
- Is gross domestic product — value us$ rising or falling in Marshall Islands?
- Over the last ten years it is up 57.6%. The long-run trend across the full record is volatile.
- Where does this Marshall Islands data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Domestic Product — Value US$. Statizoid updates them automatically from the source API.
Download this data
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About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).