Gross domestic savings in Marshall Islands
Marshall Islands: Gross domestic savings was -68.44 million current LCU in 2024. ▼ Falling
Gross domestic savings in Marshall Islands, 2004–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
Marshall Islands recorded -68.44 million current LCU for gross domestic savings in 2024.
The figure is up 7.6% on the previous year and down 22.7% over ten years.
Over the whole period, gross domestic savings in Marshall Islands peaked at -54.27 million current LCU in 2004 and was at its lowest, -95.74 million current LCU, in 2019.
That places Marshall Islands 160th out of 187 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 21 years of available data.
Gross domestic savings in Marshall Islands, year by year
| Year | current LCU | Change |
|---|---|---|
| 2004 | -54.27 million current LCU | — |
| 2005 | -62.06 million current LCU | +14.3% |
| 2006 | -59.64 million current LCU | -3.9% |
| 2007 | -67.40 million current LCU | +13.0% |
| 2008 | -71.45 million current LCU | +6.0% |
| 2009 | -64.96 million current LCU | -9.1% |
| 2010 | -56.24 million current LCU | -13.4% |
| 2011 | -56.44 million current LCU | +0.4% |
| 2012 | -57.40 million current LCU | +1.7% |
| 2013 | -62.66 million current LCU | +9.2% |
| 2014 | -55.79 million current LCU | -11.0% |
| 2015 | -61.69 million current LCU | +10.6% |
| 2016 | -59.03 million current LCU | -4.3% |
| 2017 | -67.14 million current LCU | +13.7% |
| 2018 | -77.27 million current LCU | +15.1% |
| 2019 | -95.74 million current LCU | +23.9% |
| 2020 | -76.22 million current LCU | -20.4% |
| 2021 | -69.50 million current LCU | -8.8% |
| 2022 | -88.15 million current LCU | +26.8% |
| 2023 | -74.11 million current LCU | -15.9% |
| 2024 | -68.44 million current LCU | -7.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -63.30 million current LCU | -71.45 million current LCU | -54.27 million current LCU | 6 |
| 2010s | -64.94 million current LCU | -95.74 million current LCU | -55.79 million current LCU | 10 |
| 2020s | -75.29 million current LCU | -88.15 million current LCU | -68.44 million current LCU | 5 |
Countries ranked near Marshall Islands
- 157 Samoa 310.11 million current LCU compare
- 158 Montenegro 105.10 million current LCU compare
- 159 Palau -41.59 million current LCU compare
- 161 United States Virgin Islands -155.00 million current LCU compare
- 162 Tonga -303.53 million current LCU compare
- 163 Kiribati -326.70 million current LCU compare
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)
- Gdp worldbank constant usd, per capita 6,174 units per person (2025)
- Gdp worldbank constant usd, per unit of GDP 0.7273 units per US$ of GDP (2025)
- External balance on goods and services as a percent of gdp -43.83 (2025)
- Gdp worldbank constant usd, annual growth rate 2.28 % change on previous year (2025)
- Manufacturing value added to gdp, per capita 0.0001 units per person (2024)
- Taxes less subsidies on products (current LCU), per unit of GDP 0.0423 current LCU per US$ of GDP (2024)
- Taxes less subsidies on products (current LCU), per capita 321 current LCU per person (2024)
- Manufacturing value added to gdp, per unit of GDP 0 units per US$ of GDP (2024)
Frequently asked questions
- What is gross domestic savings in Marshall Islands?
- Gross domestic savings in Marshall Islands was -68.44 million current LCU in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross domestic savings recorded in Marshall Islands?
- The highest recorded value was -54.27 million current LCU in 2004.
- What is the lowest gross domestic savings recorded in Marshall Islands?
- The lowest recorded value was -95.74 million current LCU in 2019.
- How does Marshall Islands rank for gross domestic savings?
- Marshall Islands ranks 160th out of 187 countries with data for 2024.
- Is gross domestic savings rising or falling in Marshall Islands?
- Over the last ten years it is down 22.7%. The long-run trend across the full record is falling.
- Where does this Marshall Islands data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Gross domestic savings (current LCU). Statizoid updates them automatically from the source API.
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About this data
Gross domestic savings are calculated as GDP less final consumption expenditure (total consumption). This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.