Gross savings in Marshall Islands
Marshall Islands: Gross savings was 38.1% in 2024. ▼ Falling
Gross savings in Marshall Islands, 2005–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
Marshall Islands recorded 38.1% for gross savings in 2024. That is the highest value across all 20 years on record.
Compared with earlier readings it is up 30.1% on the previous year and up 77.9% over ten years.
Over the whole period, gross savings in Marshall Islands peaked at 38.1% in 2024 and was at its lowest, 5.4%, in 2019.
Marshall Islands ranks 15th of 177 countries on this measure, in the top 10%.
The long-run direction has been consistently falling across the 20 years of available data.
Gross savings in Marshall Islands, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2005 | 26.4% | — |
| 2006 | 22.8% | -13.8% |
| 2007 | 23.8% | +4.4% |
| 2008 | 22.7% | -4.5% |
| 2009 | 23.2% | +2.1% |
| 2010 | 24.7% | +6.5% |
| 2011 | 22.1% | -10.5% |
| 2012 | 13.9% | -37.3% |
| 2013 | 15.6% | +12.7% |
| 2014 | 21.4% | +37.2% |
| 2015 | 27.4% | +28.0% |
| 2016 | 23.9% | -12.9% |
| 2017 | 10.1% | -57.9% |
| 2018 | 6.2% | -38.6% |
| 2019 | 5.4% | -11.8% |
| 2020 | 15.1% | +177.6% |
| 2021 | 11.5% | -24.2% |
| 2022 | 21.4% | +86.7% |
| 2023 | 29.3% | +36.8% |
| 2024 | 38.1% | +30.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 23.8% | 22.7% | 26.4% | 5 |
| 2010s | 17.1% | 5.4% | 27.4% | 10 |
| 2020s | 23.1% | 11.5% | 38.1% | 5 |
Countries ranked near Marshall Islands
- 12 Tajikistan 38.8% compare
- 13 San Marino 38.6% compare
- 14 Gabon 38.4% compare
- 16 Iran, Islamic Republic of 37.9%
- 17 Norway 37.3% compare
- 18 Viet Nam 37.0% 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)
- External balance on goods and services as a percent of GDP -43.8% (2025)
- Manufacturing value added to gdp, per unit of GDP 0 units per US$ of GDP (2024)
- Manufacturing value added to gdp, per capita 0.0001 units per person (2024)
- Gdp worldbank constant usd, annual growth rate 2.28 % change on previous year (2025)
- 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)
- GDP per capita 6,174 constant 2015 US$ (2025)
- Exports of goods and services 36.0% (2025)
Frequently asked questions
- What is gross savings in Marshall Islands?
- Gross savings in Marshall Islands was 38.1% 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 38.1% in 2024.
- What is the lowest gross savings recorded in Marshall Islands?
- The lowest recorded value was 5.4% in 2019.
- How does Marshall Islands rank for gross savings?
- Marshall Islands ranks 15th out of 177 countries with data for 2024.
- Is gross savings rising or falling in Marshall Islands?
- Over the last ten years it is up 77.9%. 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 Offices (NSOs), published as part of Gross savings (% of GDP). 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 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.