Gross value added at basic prices (GVA) (constant) … unit GDP 2015 in Marshall Islands
Marshall Islands: Gross value added at basic prices (GVA) (constant) … unit GDP 2015 was 0.741 constant 2015 US$ per US$ of GDP in 2024. ▼ Falling
Gross value added at basic prices (GVA) (constant 2015 US$), per unit in Marshall Islands, 1997–2024
Source: Statizoid (derived). Measured in constant 2015 US$ per US$ of GDP.
Analysis
In 2024, gross value added at basic prices (gva) (constant 2015 us$), per unit in Marshall Islands stood at 0.741 constant 2015 US$ per US$ of GDP. That is the lowest value across all 28 years on record.
Compared with earlier readings it is down 5.4% on the previous year and down 20.3% over ten years.
Over the whole period, gross value added at basic prices (gva) (constant 2015 us$), per unit in Marshall Islands peaked at 1.25 constant 2015 US$ per US$ of GDP in 1997 and was at its lowest, 0.741 constant 2015 US$ per US$ of GDP, in 2024.
Marshall Islands ranks 97th of 193 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 28 years of available data.
Gross value added at basic prices (GVA) (constant) … unit GDP 2015 in Marshall Islands, year by year
| Year | constant 2015 US$ per US$ of GDP | Change |
|---|---|---|
| 1997 | 1.25 constant 2015 US$ per US$ of GDP | — |
| 1998 | 1.22 constant 2015 US$ per US$ of GDP | -2.4% |
| 1999 | 1.18 constant 2015 US$ per US$ of GDP | -3.0% |
| 2000 | 1.22 constant 2015 US$ per US$ of GDP | +3.5% |
| 2001 | 1.22 constant 2015 US$ per US$ of GDP | -0.5% |
| 2002 | 1.16 constant 2015 US$ per US$ of GDP | -4.8% |
| 2003 | 1.17 constant 2015 US$ per US$ of GDP | +1.0% |
| 2004 | 1.19 constant 2015 US$ per US$ of GDP | +1.6% |
| 2005 | 1.15 constant 2015 US$ per US$ of GDP | -3.5% |
| 2006 | 1.11 constant 2015 US$ per US$ of GDP | -2.7% |
| 2007 | 1.11 constant 2015 US$ per US$ of GDP | -0.6% |
| 2008 | 1.05 constant 2015 US$ per US$ of GDP | -5.4% |
| 2009 | 1.08 constant 2015 US$ per US$ of GDP | +2.6% |
| 2010 | 1.06 constant 2015 US$ per US$ of GDP | -1.8% |
| 2011 | 0.983 constant 2015 US$ per US$ of GDP | -7.0% |
| 2012 | 0.9362 constant 2015 US$ per US$ of GDP | -4.8% |
| 2013 | 0.9385 constant 2015 US$ per US$ of GDP | +0.2% |
| 2014 | 0.9293 constant 2015 US$ per US$ of GDP | -1.0% |
| 2015 | 0.962 constant 2015 US$ per US$ of GDP | +3.5% |
| 2016 | 0.8907 constant 2015 US$ per US$ of GDP | -7.4% |
| 2017 | 0.8753 constant 2015 US$ per US$ of GDP | -1.7% |
| 2018 | 0.8998 constant 2015 US$ per US$ of GDP | +2.8% |
| 2019 | 0.9372 constant 2015 US$ per US$ of GDP | +4.2% |
| 2020 | 0.8806 constant 2015 US$ per US$ of GDP | -6.0% |
| 2021 | 0.8326 constant 2015 US$ per US$ of GDP | -5.5% |
| 2022 | 0.8335 constant 2015 US$ per US$ of GDP | +0.1% |
| 2023 | 0.7834 constant 2015 US$ per US$ of GDP | -6.0% |
| 2024 | 0.741 constant 2015 US$ per US$ of GDP | -5.4% |
Marshall Islands compared with similar countries
- Marshall Islands's 0.741 constant 2015 US$ per US$ of GDP is above the median for upper middle income countries, which is 0.7262 constant 2015 US$ per US$ of GDP, 1.0× the median. (57 countries reporting)
- Marshall Islands's 0.741 constant 2015 US$ per US$ of GDP is below the median for East Asia & Pacific, which is 0.7912 constant 2015 US$ per US$ of GDP, 94% of the median. (28 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.21 constant 2015 US$ per US$ of GDP | 1.18 constant 2015 US$ per US$ of GDP | 1.25 constant 2015 US$ per US$ of GDP | 3 |
| 2000s | 1.14 constant 2015 US$ per US$ of GDP | 1.05 constant 2015 US$ per US$ of GDP | 1.22 constant 2015 US$ per US$ of GDP | 10 |
| 2010s | 0.9409 constant 2015 US$ per US$ of GDP | 0.8753 constant 2015 US$ per US$ of GDP | 1.06 constant 2015 US$ per US$ of GDP | 10 |
| 2020s | 0.8142 constant 2015 US$ per US$ of GDP | 0.741 constant 2015 US$ per US$ of GDP | 0.8806 constant 2015 US$ per US$ of GDP | 5 |
Countries ranked near Marshall Islands
- 94 Kenya 0.7436 constant 2015 US$ per US$ of GDP compare
- 95 Bahamas 0.7434 constant 2015 US$ per US$ of GDP compare
- 96 Cambodia 0.7428 constant 2015 US$ per US$ of GDP compare
- 98 Iraq 0.7403 constant 2015 US$ per US$ of GDP compare
- 99 Bangladesh 0.7392 constant 2015 US$ per US$ of GDP compare
- 100 Argentina 0.7381 constant 2015 US$ per US$ of GDP 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)
- SDRs holdings, US dollar, annual growth rate 4.97 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0342 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 290.63 units per person (2025)
- SDRs holdings, SDR, annual growth rate -0.0384 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.025 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 212.21 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0202 units per US$ of GDP (2025)
Frequently asked questions
- What is gross value added at basic prices (gva) (constant 2015 us$), per unit in Marshall Islands?
- Gross value added at basic prices (gva) (constant 2015 us$), per unit in Marshall Islands was 0.741 constant 2015 US$ per US$ of GDP in 2024, according to Statizoid (derived).
- What is the highest gross value added at basic prices (gva) (constant 2015 us$), per unit recorded in Marshall Islands?
- The highest recorded value was 1.25 constant 2015 US$ per US$ of GDP in 1997.
- What is the lowest gross value added at basic prices (gva) (constant 2015 us$), per unit recorded in Marshall Islands?
- The lowest recorded value was 0.741 constant 2015 US$ per US$ of GDP in 2024.
- How does Marshall Islands rank for gross value added at basic prices (gva) (constant 2015 us$), per unit?
- Marshall Islands ranks 97th out of 193 countries with data for 2024.
- Is gross value added at basic prices (gva) (constant 2015 us$), per unit rising or falling in Marshall Islands?
- Over the last ten years it is down 20.3%. The long-run trend across the full record is falling.
- 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$), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
Gross value added at basic prices (GVA) (constant 2015 US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Gross value added at basic prices (GVA) (constant 2015 US$) ÷ GDP (current US$)
Computed from
- Gross value added at basic prices (GVA) Country official statistics, National Statistical Organizations and/or Central Banks
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Gross value added at basic prices (GVA) (constant 2015 US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.