Gross National Income — Value Standard Local Currency, annual growth in Marshall Islands
Marshall Islands: Gross National Income — Value Standard Local Currency, annual growth was 2.13 % change on previous year in 2023. ◆ Volatile
Gross National Income — Value Standard Local Currency, annual growth in Marshall Islands, 1971–2023
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for gross national income — value standard local currency, annual growth in Marshall Islands is 2.13 % change on previous year, measured in 2023.
The figure is down 27.0% on the previous year and down 64.8% over ten years.
Over the whole period, gross national income — value standard local currency, annual growth in Marshall Islands peaked at 31.1 % change on previous year in 1974 and was at its lowest, -7.38 % change on previous year, in 1996.
Marshall Islands ranks 199th of 231 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 National Income — Value Standard Local Currency, annual growth in Marshall Islands, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 8.42 % change on previous year | — |
| 1972 | 9.4 % change on previous year | +11.6% |
| 1973 | 16.38 % change on previous year | +74.3% |
| 1974 | 31.1 % change on previous year | +89.9% |
| 1975 | 9.68 % change on previous year | -68.9% |
| 1976 | 8.76 % change on previous year | -9.5% |
| 1977 | 11.33 % change on previous year | +29.3% |
| 1978 | 9.89 % change on previous year | -12.7% |
| 1979 | 15.02 % change on previous year | +51.8% |
| 1980 | 4.56 % change on previous year | -69.6% |
| 1981 | 16.13 % change on previous year | +253.7% |
| 1982 | 12.57 % change on previous year | -22.1% |
| 1983 | 19.56 % change on previous year | +55.7% |
| 1984 | 8.13 % change on previous year | -58.4% |
| 1985 | -2.8 % change on previous year | -134.4% |
| 1986 | 27.6 % change on previous year | -1085.2% |
| 1987 | 12.49 % change on previous year | -54.7% |
| 1988 | 12.23 % change on previous year | -2.1% |
| 1989 | 2.99 % change on previous year | -75.6% |
| 1990 | 7.8 % change on previous year | +161.3% |
| 1991 | 5.14 % change on previous year | -34.1% |
| 1992 | 10.86 % change on previous year | +111.5% |
| 1993 | 9.71 % change on previous year | -10.6% |
| 1994 | 9.14 % change on previous year | -5.8% |
| 1995 | 11.75 % change on previous year | +28.5% |
| 1996 | -7.38 % change on previous year | -162.8% |
| 1997 | -5.94 % change on previous year | -19.5% |
| 1998 | 5.36 % change on previous year | -190.1% |
| 1999 | 3.71 % change on previous year | -30.8% |
| 2000 | 1.88 % change on previous year | -49.3% |
| 2001 | 5.62 % change on previous year | +198.7% |
| 2002 | 4.56 % change on previous year | -18.9% |
| 2003 | 0.0356 % change on previous year | -99.2% |
| 2004 | 2 % change on previous year | +5513.3% |
| 2005 | 5.83 % change on previous year | +191.5% |
| 2006 | 1.25 % change on previous year | -78.6% |
| 2007 | 5.63 % change on previous year | +351.2% |
| 2008 | -1.32 % change on previous year | -123.5% |
| 2009 | 1.03 % change on previous year | -178.1% |
| 2010 | 3.2 % change on previous year | +209.7% |
| 2011 | 5.58 % change on previous year | +74.5% |
| 2012 | 0.4429 % change on previous year | -92.1% |
| 2013 | 6.06 % change on previous year | +1267.1% |
| 2014 | 2.72 % change on previous year | -55.1% |
| 2015 | 7.82 % change on previous year | +187.2% |
| 2016 | 5.27 % change on previous year | -32.5% |
| 2017 | 3.23 % change on previous year | -38.7% |
| 2018 | 2.67 % change on previous year | -17.4% |
| 2019 | 4.96 % change on previous year | +85.8% |
| 2020 | 2.44 % change on previous year | -50.7% |
| 2021 | -0.0952 % change on previous year | -103.9% |
| 2022 | 2.92 % change on previous year | -3164.0% |
| 2023 | 2.13 % change on previous year | -27.0% |
Biggest year-on-year movements
Years where Gross National Income — Value Standard Local Currency, annual growth 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 |
|---|---|---|---|
| 2004 | +5513.3% | 0.0356 % change on previous year | 2 % change on previous year |
| 2022 | +3164.0% | -0.0952 % change on previous year | 2.92 % change on previous year |
| 2013 | +1267.1% | 0.4429 % change on previous year | 6.06 % change on previous year |
| 1986 | +1085.2% | -2.8 % change on previous year | 27.6 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 13.33 % change on previous year | 8.42 % change on previous year | 31.1 % change on previous year | 9 |
| 1980s | 11.35 % change on previous year | -2.8 % change on previous year | 27.6 % change on previous year | 10 |
| 1990s | 5.01 % change on previous year | -7.38 % change on previous year | 11.75 % change on previous year | 10 |
| 2000s | 2.65 % change on previous year | -1.32 % change on previous year | 5.83 % change on previous year | 10 |
| 2010s | 4.2 % change on previous year | 0.4429 % change on previous year | 7.82 % change on previous year | 10 |
| 2020s | 1.85 % change on previous year | -0.0952 % change on previous year | 2.92 % change on previous year | 4 |
Countries ranked near Marshall Islands
- 196 Bolivia (Plurinational State of) 2.56 % change on previous year compare
- 197 New Caledonia 2.47 % change on previous year compare
- 198 British Virgin Islands 2.36 % change on previous year compare
- 200 Malaysia 2.06 % change on previous year compare
- 201 Ecuador 1.94 % change on previous year compare
- 202 Finland 1.71 % 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 national income — value standard local currency, annual growth in Marshall Islands?
- Gross national income — value standard local currency, annual growth in Marshall Islands was 2.13 % change on previous year in 2023, according to Statizoid (derived).
- What is the highest gross national income — value standard local currency, annual growth recorded in Marshall Islands?
- The highest recorded value was 31.1 % change on previous year in 1974.
- What is the lowest gross national income — value standard local currency, annual growth recorded in Marshall Islands?
- The lowest recorded value was -7.38 % change on previous year in 1996.
- How does Marshall Islands rank for gross national income — value standard local currency, annual growth?
- Marshall Islands ranks 199th out of 231 countries with data for 2023.
- Is gross national income — value standard local currency, annual growth rising or falling in Marshall Islands?
- Over the last ten years it is down 64.8%. 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 National Income — Value Standard Local Currency, annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 53 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 National Income — Value Standard Local Currency. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross National Income — Value Standard Local Currency 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 National Income — Value Standard Local Currency. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.