Gross value added at basic prices (GVA) (constant 2015 US$), per in Marshall Islands
Marshall Islands: Gross value added at basic prices (GVA) (constant 2015 US$), per was 5,624 constant 2015 US$ per person in 2024. ▲ Rising
Gross value added at basic prices (GVA) (constant 2015 US$), per in Marshall Islands, 1997–2024
Source: Statizoid (derived). Measured in constant 2015 US$ per person.
Analysis
In 2024, gross value added at basic prices (gva) (constant 2015 us$), per in Marshall Islands stood at 5,624 constant 2015 US$ per person. That is the highest value across all 28 years on record.
That represents a change of up 5.6% on the previous year and up 62.0% over ten years.
Over the whole period, gross value added at basic prices (gva) (constant 2015 us$), per in Marshall Islands peaked at 5,624 constant 2015 US$ per person in 2024 and was at its lowest, 2,665 constant 2015 US$ per person, in 1999.
Marshall Islands ranks 101st of 193 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 28 years of available data.
Gross value added at basic prices (GVA) (constant 2015 US$), per in Marshall Islands, year by year
| Year | constant 2015 US$ per person | Change |
|---|---|---|
| 1997 | 2,782 constant 2015 US$ per person | — |
| 1998 | 2,743 constant 2015 US$ per person | -1.4% |
| 1999 | 2,665 constant 2015 US$ per person | -2.8% |
| 2000 | 2,767 constant 2015 US$ per person | +3.8% |
| 2001 | 2,910 constant 2015 US$ per person | +5.2% |
| 2002 | 2,970 constant 2015 US$ per person | +2.1% |
| 2003 | 2,967 constant 2015 US$ per person | -0.1% |
| 2004 | 3,048 constant 2015 US$ per person | +2.7% |
| 2005 | 3,048 constant 2015 US$ per person | +0.0% |
| 2006 | 3,071 constant 2015 US$ per person | +0.8% |
| 2007 | 3,205 constant 2015 US$ per person | +4.4% |
| 2008 | 2,954 constant 2015 US$ per person | -7.8% |
| 2009 | 3,127 constant 2015 US$ per person | +5.8% |
| 2010 | 3,271 constant 2015 US$ per person | +4.6% |
| 2011 | 3,263 constant 2015 US$ per person | -0.2% |
| 2012 | 3,290 constant 2015 US$ per person | +0.8% |
| 2013 | 3,452 constant 2015 US$ per person | +4.9% |
| 2014 | 3,471 constant 2015 US$ per person | +0.6% |
| 2015 | 3,621 constant 2015 US$ per person | +4.3% |
| 2016 | 3,768 constant 2015 US$ per person | +4.0% |
| 2017 | 4,020 constant 2015 US$ per person | +6.7% |
| 2018 | 4,371 constant 2015 US$ per person | +8.7% |
| 2019 | 4,960 constant 2015 US$ per person | +13.5% |
| 2020 | 4,986 constant 2015 US$ per person | +0.5% |
| 2021 | 5,258 constant 2015 US$ per person | +5.5% |
| 2022 | 5,381 constant 2015 US$ per person | +2.3% |
| 2023 | 5,327 constant 2015 US$ per person | -1.0% |
| 2024 | 5,624 constant 2015 US$ per person | +5.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 2,730 constant 2015 US$ per person | 2,665 constant 2015 US$ per person | 2,782 constant 2015 US$ per person | 3 |
| 2000s | 3,007 constant 2015 US$ per person | 2,767 constant 2015 US$ per person | 3,205 constant 2015 US$ per person | 10 |
| 2010s | 3,749 constant 2015 US$ per person | 3,263 constant 2015 US$ per person | 4,960 constant 2015 US$ per person | 10 |
| 2020s | 5,315 constant 2015 US$ per person | 4,986 constant 2015 US$ per person | 5,624 constant 2015 US$ per person | 5 |
Countries ranked near Marshall Islands
- 98 Albania 5,895 constant 2015 US$ per person compare
- 99 Ecuador 5,774 constant 2015 US$ per person compare
- 100 Bosnia and Herzegovina 5,685 constant 2015 US$ per person compare
- 102 Belize 5,534 constant 2015 US$ per person compare
- 103 Lebanon 5,512 constant 2015 US$ per person compare
- 104 Iran 5,441 constant 2015 US$ per person 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)
- Taxes less subsidies on products (current LCU), per unit of GDP 0.0423 current LCU per US$ of GDP (2024)
- External balance on goods and services as a percent of gdp -43.83 (2025)
- Manufacturing value added to gdp, per capita 0.0001 units per person (2024)
- Manufacturing value added to gdp, per unit of GDP 0 units per US$ of GDP (2024)
- 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 worldbank constant usd, annual growth rate 2.28 % change on previous year (2025)
- Taxes less subsidies on products (current LCU), per capita 321 current LCU per person (2024)
Frequently asked questions
- What is gross value added at basic prices (gva) (constant 2015 us$), per in Marshall Islands?
- Gross value added at basic prices (gva) (constant 2015 us$), per in Marshall Islands was 5,624 constant 2015 US$ per person in 2024, according to Statizoid (derived).
- What is the highest gross value added at basic prices (gva) (constant 2015 us$), per recorded in Marshall Islands?
- The highest recorded value was 5,624 constant 2015 US$ per person in 2024.
- What is the lowest gross value added at basic prices (gva) (constant 2015 us$), per recorded in Marshall Islands?
- The lowest recorded value was 2,665 constant 2015 US$ per person in 1999.
- How does Marshall Islands rank for gross value added at basic prices (gva) (constant 2015 us$), per?
- Marshall Islands ranks 101st out of 193 countries with data for 2024.
- Is gross value added at basic prices (gva) (constant 2015 us$), per rising or falling in Marshall Islands?
- Over the last ten years it is up 62.0%. The long-run trend across the full record is rising.
- Where does this Marshall Islands data come from?
- The figures come from Statizoid (derived), published as part of Gross value added at basic prices (GVA) (constant 2015 US$), per capita. Statizoid updates them automatically from the source API.
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How this figure is calculated
Gross value added at basic prices (GVA) (constant 2015 US$) divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Gross value added at basic prices (GVA) (constant 2015 US$) ÷ Population, total
Computed from
- Gross value added at basic prices (GVA) Country official statistics, National Statistical Organizations and/or Central Banks
- Population, total World Population Prospects, United Nations (UN)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Gross value added at basic prices (GVA) (constant 2015 US$) divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.