Gross domestic savings (% of GDP) in Marshall Islands
Marshall Islands: Gross domestic savings (% of GDP) was -24.0% in 2024. ▲ Rising
Gross domestic savings in Marshall Islands, 2004–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
The most recent figure for gross domestic savings in Marshall Islands is -24.0%, measured in 2024. That is the highest value across all 21 years on record.
That represents a change of up 14.4% on the previous year and up 19.9% over ten years.
Over the whole period, gross domestic savings in Marshall Islands peaked at -24.0% in 2024 and was at its lowest, -48.7%, in 2008.
Marshall Islands ranks 180th of 188 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 21 years of available data.
Gross domestic savings (% of GDP) in Marshall Islands, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2004 | -40.8% | — |
| 2005 | -45.0% | +10.1% |
| 2006 | -41.6% | -7.4% |
| 2007 | -44.8% | +7.5% |
| 2008 | -48.7% | +8.8% |
| 2009 | -43.0% | -11.8% |
| 2010 | -34.9% | -18.8% |
| 2011 | -32.8% | -6.2% |
| 2012 | -31.8% | -3.0% |
| 2013 | -33.6% | +5.8% |
| 2014 | -30.0% | -10.8% |
| 2015 | -33.6% | +12.0% |
| 2016 | -29.3% | -12.9% |
| 2017 | -31.4% | +7.4% |
| 2018 | -35.1% | +11.8% |
| 2019 | -41.1% | +17.0% |
| 2020 | -31.5% | -23.3% |
| 2021 | -26.6% | -15.6% |
| 2022 | -34.1% | +28.1% |
| 2023 | -28.1% | -17.6% |
| 2024 | -24.0% | -14.4% |
Marshall Islands compared with similar countries
- Marshall Islands's -24.0% is below the median for upper middle income countries, which is 18.9%. (52 countries reporting)
- Marshall Islands's -24.0% is below the median for East Asia & Pacific, which is 22.0%. (29 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -44.0% | -48.7% | -40.8% | 6 |
| 2010s | -33.4% | -41.1% | -29.3% | 10 |
| 2020s | -28.9% | -34.1% | -24.0% | 5 |
Countries ranked near Marshall Islands
More economy & growth data for Marshall Islands
- Real gdp growth, annual growth rate 157.02 % change on previous year (2024)
- 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)
- SDRs holdings, US dollar, annual growth rate 4.97 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0342 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 290.63 units per person (2025)
- SDRs holdings, SDR, annual growth rate -0.0384 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.025 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 212.21 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
Frequently asked questions
- What is gross domestic savings in Marshall Islands?
- Gross domestic savings in Marshall Islands was -24.0% 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 -24.0% in 2024.
- What is the lowest gross domestic savings recorded in Marshall Islands?
- The lowest recorded value was -48.7% in 2008.
- How does Marshall Islands rank for gross domestic savings?
- Marshall Islands ranks 180th out of 188 countries with data for 2024.
- Is gross domestic savings rising or falling in Marshall Islands?
- Over the last ten years it is up 19.9%. The long-run trend across the full record is rising.
- 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 (% of GDP). 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.