Gross savings (current LCU), annual growth rate in Marshall Islands
Marshall Islands: Gross savings (current LCU), annual growth rate was 40.4 % change on previous year in 2024. ◆ Volatile
Gross savings (current LCU), annual growth rate in Marshall Islands, 2006–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Marshall Islands recorded 40.4 % change on previous year for gross savings (current lcu), annual growth rate in 2024.
The figure is up 2.0% on the previous year and up 9.5% over ten years.
Over the whole period, gross savings (current lcu), annual growth rate in Marshall Islands peaked at 188.22 % change on previous year in 2020 and was at its lowest, -55.37 % change on previous year, in 2017.
That places Marshall Islands 16th out of 177 countries with data for 2024, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Gross savings (current LCU), annual growth rate in Marshall Islands, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 2006 | -10.55 % change on previous year | — |
| 2007 | 9.76 % change on previous year | -192.5% |
| 2008 | -6.99 % change on previous year | -171.6% |
| 2009 | 5.27 % change on previous year | -175.5% |
| 2010 | 13.46 % change on previous year | +155.4% |
| 2011 | -4.28 % change on previous year | -131.8% |
| 2012 | -34.28 % change on previous year | +701.4% |
| 2013 | 16.22 % change on previous year | -147.3% |
| 2014 | 36.89 % change on previous year | +127.4% |
| 2015 | 26.42 % change on previous year | -28.4% |
| 2016 | -4.31 % change on previous year | -116.3% |
| 2017 | -55.37 % change on previous year | +1185.3% |
| 2018 | -36.78 % change on previous year | -33.6% |
| 2019 | -6.62 % change on previous year | -82.0% |
| 2020 | 188.22 % change on previous year | -2945.0% |
| 2021 | -18.13 % change on previous year | -109.6% |
| 2022 | 84.91 % change on previous year | -568.2% |
| 2023 | 39.61 % change on previous year | -53.4% |
| 2024 | 40.4 % change on previous year | +2.0% |
Marshall Islands compared with similar countries
- Marshall Islands's 40.4 % change on previous year is above the median for upper middle income countries, which is 4.98 % change on previous year, 8.1× the median. (48 countries reporting)
- Marshall Islands's 40.4 % change on previous year is above the median for East Asia & Pacific, which is 5.17 % change on previous year, 7.8× the median. (29 countries reporting)
Biggest year-on-year movements
Years where Gross savings (current LCU), 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 |
|---|---|---|---|
| 2020 | +2945.0% | -6.62 % change on previous year | 188.22 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -0.6256 % change on previous year | -10.55 % change on previous year | 9.76 % change on previous year | 4 |
| 2010s | -4.86 % change on previous year | -55.37 % change on previous year | 36.89 % change on previous year | 10 |
| 2020s | 67 % change on previous year | -18.13 % change on previous year | 188.22 % change on previous year | 5 |
Countries ranked near Marshall Islands
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 savings (current lcu), annual growth rate in Marshall Islands?
- Gross savings (current lcu), annual growth rate in Marshall Islands was 40.4 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gross savings (current lcu), annual growth rate recorded in Marshall Islands?
- The highest recorded value was 188.22 % change on previous year in 2020.
- What is the lowest gross savings (current lcu), annual growth rate recorded in Marshall Islands?
- The lowest recorded value was -55.37 % change on previous year in 2017.
- How does Marshall Islands rank for gross savings (current lcu), annual growth rate?
- Marshall Islands ranks 16th out of 177 countries with data for 2024.
- Is gross savings (current lcu), annual growth rate rising or falling in Marshall Islands?
- Over the last ten years it is up 9.5%. 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 savings (current LCU), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 19 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 savings (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross savings Country official statistics, National Statistical Offices (NSOs)
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 savings (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.