Gross savings in Marshall Islands
Marshall Islands: Gross savings was 108.55 million current LCU in 2024. ◆ Volatile
Gross savings in Marshall Islands, 2005–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current LCU.
Analysis
The most recent figure for gross savings in Marshall Islands is 108.55 million current LCU, measured in 2024. That is the highest value across all 20 years on record.
That represents a change of up 40.4% on the previous year and up 172.6% over ten years.
Over the whole period, gross savings in Marshall Islands peaked at 108.55 million current LCU in 2024 and was at its lowest, 12.69 million current LCU, in 2019.
Marshall Islands ranks 171st of 178 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 savings in Marshall Islands, year by year
| Year | current LCU | Change |
|---|---|---|
| 2005 | 36.47 million current LCU | — |
| 2006 | 32.62 million current LCU | -10.6% |
| 2007 | 35.81 million current LCU | +9.8% |
| 2008 | 33.31 million current LCU | -7.0% |
| 2009 | 35.06 million current LCU | +5.3% |
| 2010 | 39.79 million current LCU | +13.5% |
| 2011 | 38.08 million current LCU | -4.3% |
| 2012 | 25.03 million current LCU | -34.3% |
| 2013 | 29.09 million current LCU | +16.2% |
| 2014 | 39.82 million current LCU | +36.9% |
| 2015 | 50.34 million current LCU | +26.4% |
| 2016 | 48.17 million current LCU | -4.3% |
| 2017 | 21.50 million current LCU | -55.4% |
| 2018 | 13.59 million current LCU | -36.8% |
| 2019 | 12.69 million current LCU | -6.6% |
| 2020 | 36.58 million current LCU | +188.2% |
| 2021 | 29.95 million current LCU | -18.1% |
| 2022 | 55.38 million current LCU | +84.9% |
| 2023 | 77.31 million current LCU | +39.6% |
| 2024 | 108.55 million current LCU | +40.4% |
Marshall Islands compared with similar countries
- Marshall Islands's 108.55 million current LCU is below the median for upper middle income countries, which is 451.73 billion current LCU, 0% of the median. (49 countries reporting)
- Marshall Islands's 108.55 million current LCU is below the median for East Asia & Pacific, which is 190.11 billion current LCU, 0% of the median. (29 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 34.66 million current LCU | 32.62 million current LCU | 36.47 million current LCU | 5 |
| 2010s | 31.81 million current LCU | 12.69 million current LCU | 50.34 million current LCU | 10 |
| 2020s | 61.55 million current LCU | 29.95 million current LCU | 108.55 million current LCU | 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 in Marshall Islands?
- Gross savings in Marshall Islands was 108.55 million current LCU in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross savings recorded in Marshall Islands?
- The highest recorded value was 108.55 million current LCU in 2024.
- What is the lowest gross savings recorded in Marshall Islands?
- The lowest recorded value was 12.69 million current LCU in 2019.
- How does Marshall Islands rank for gross savings?
- Marshall Islands ranks 171st out of 178 countries with data for 2024.
- Is gross savings rising or falling in Marshall Islands?
- Over the last ten years it is up 172.6%. The long-run trend across the full record is volatile.
- Where does this Marshall Islands data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Gross savings (current LCU). Statizoid updates them automatically from the source API.
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About this data
Savings is an amount that represents the part of disposable income (adjusted for the change in pension entitlements) that is not spent on final consumption. Gross savings are calculated as gross national income less total consumption, plus net transfers. 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.