Gross value added at basic prices (GVA) (constant 2015 US$) in Marshall Islands
Marshall Islands: Gross value added at basic prices (GVA) (constant 2015 US$) was 211.17 million constant 2015 US$ in 2024. ▲ Rising
Gross value added at basic prices (GVA) in Marshall Islands, 1997–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant 2015 US$.
Analysis
In 2024, gross value added at basic prices (gva) in Marshall Islands stood at 211.17 million constant 2015 US$.
Compared with earlier readings it is up 2.1% on the previous year and up 22.2% over ten years.
Over the whole period, gross value added at basic prices (gva) in Marshall Islands peaked at 218.27 million constant 2015 US$ in 2019 and was at its lowest, 133.79 million constant 2015 US$, in 1999.
Marshall Islands ranks 194th of 194 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 28 years of available data.
Gross value added at basic prices (GVA) (constant 2015 US$) in Marshall Islands, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 1997 | 137.04 million constant 2015 US$ | — |
| 1998 | 136.38 million constant 2015 US$ | -0.5% |
| 1999 | 133.79 million constant 2015 US$ | -1.9% |
| 2000 | 140.28 million constant 2015 US$ | +4.9% |
| 2001 | 148.78 million constant 2015 US$ | +6.1% |
| 2002 | 152.73 million constant 2015 US$ | +2.7% |
| 2003 | 153.22 million constant 2015 US$ | +0.3% |
| 2004 | 157.85 million constant 2015 US$ | +3.0% |
| 2005 | 158.20 million constant 2015 US$ | +0.2% |
| 2006 | 159.66 million constant 2015 US$ | +0.9% |
| 2007 | 166.79 million constant 2015 US$ | +4.5% |
| 2008 | 153.70 million constant 2015 US$ | -7.9% |
| 2009 | 162.65 million constant 2015 US$ | +5.8% |
| 2010 | 170.24 million constant 2015 US$ | +4.7% |
| 2011 | 169.37 million constant 2015 US$ | -0.5% |
| 2012 | 169.17 million constant 2015 US$ | -0.1% |
| 2013 | 174.94 million constant 2015 US$ | +3.4% |
| 2014 | 172.85 million constant 2015 US$ | -1.2% |
| 2015 | 176.71 million constant 2015 US$ | +2.2% |
| 2016 | 179.75 million constant 2015 US$ | +1.7% |
| 2017 | 187.05 million constant 2015 US$ | +4.1% |
| 2018 | 197.96 million constant 2015 US$ | +5.8% |
| 2019 | 218.27 million constant 2015 US$ | +10.3% |
| 2020 | 212.94 million constant 2015 US$ | -2.4% |
| 2021 | 217.52 million constant 2015 US$ | +2.2% |
| 2022 | 215.64 million constant 2015 US$ | -0.9% |
| 2023 | 206.82 million constant 2015 US$ | -4.1% |
| 2024 | 211.17 million constant 2015 US$ | +2.1% |
Marshall Islands compared with similar countries
- Marshall Islands's 211.17 million constant 2015 US$ is below the median for upper middle income countries, which is 45.40 billion constant 2015 US$, 0% of the median. (57 countries reporting)
- Marshall Islands's 211.17 million constant 2015 US$ is below the median for East Asia & Pacific, which is 31.94 billion constant 2015 US$, 1% of the median. (28 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 135.74 million constant 2015 US$ | 133.79 million constant 2015 US$ | 137.04 million constant 2015 US$ | 3 |
| 2000s | 155.39 million constant 2015 US$ | 140.28 million constant 2015 US$ | 166.79 million constant 2015 US$ | 10 |
| 2010s | 181.63 million constant 2015 US$ | 169.17 million constant 2015 US$ | 218.27 million constant 2015 US$ | 10 |
| 2020s | 212.82 million constant 2015 US$ | 206.82 million constant 2015 US$ | 217.52 million constant 2015 US$ | 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)
- 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) in Marshall Islands?
- Gross value added at basic prices (gva) in Marshall Islands was 211.17 million constant 2015 US$ in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross value added at basic prices (gva) recorded in Marshall Islands?
- The highest recorded value was 218.27 million constant 2015 US$ in 2019.
- What is the lowest gross value added at basic prices (gva) recorded in Marshall Islands?
- The lowest recorded value was 133.79 million constant 2015 US$ in 1999.
- How does Marshall Islands rank for gross value added at basic prices (gva)?
- Marshall Islands ranks 194th out of 194 countries with data for 2024.
- Is gross value added at basic prices (gva) rising or falling in Marshall Islands?
- Over the last ten years it is up 22.2%. The long-run trend across the full record is rising.
- Where does this Marshall Islands data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Gross value added at basic prices (GVA) (constant 2015 US$). Statizoid updates them automatically from the source API.
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About this data
Gross value added at basic prices reflects the price of products receivable by the producer exclusive of taxes payable on products and inclusive of subsidies receivable on products, less intermediate consumption valued at purchasers' prices. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.