Gross value added at basic prices (GVA) (constant LCU), annual growth in Marshall Islands
Marshall Islands: Gross value added at basic prices (GVA) (constant LCU), annual growth was 2.1 % change on previous year in 2024. ◆ Volatile
Gross value added at basic prices (GVA) (constant LCU), annual growth in Marshall Islands, 1998–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for gross value added at basic prices (gva) (constant lcu), annual growth in Marshall Islands is 2.1 % change on previous year, measured in 2024.
That represents a change of up 151.4% on the previous year and up 275.5% over ten years.
Over the whole period, gross value added at basic prices (gva) (constant lcu), annual growth in Marshall Islands peaked at 10.26 % change on previous year in 2019 and was at its lowest, -7.85 % change on previous year, in 2008.
Marshall Islands ranks 131st of 195 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross value added at basic prices (GVA) (constant LCU), annual growth in Marshall Islands, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1998 | -0.4845 % change on previous year | — |
| 1999 | -1.9 % change on previous year | +292.1% |
| 2000 | 4.85 % change on previous year | -355.5% |
| 2001 | 6.06 % change on previous year | +24.8% |
| 2002 | 2.65 % change on previous year | -56.2% |
| 2003 | 0.3254 % change on previous year | -87.7% |
| 2004 | 3.02 % change on previous year | +827.0% |
| 2005 | 0.2262 % change on previous year | -92.5% |
| 2006 | 0.9241 % change on previous year | +308.6% |
| 2007 | 4.46 % change on previous year | +383.0% |
| 2008 | -7.85 % change on previous year | -275.9% |
| 2009 | 5.82 % change on previous year | -174.2% |
| 2010 | 4.67 % change on previous year | -19.9% |
| 2011 | -0.5116 % change on previous year | -111.0% |
| 2012 | -0.1128 % change on previous year | -78.0% |
| 2013 | 3.41 % change on previous year | -3124.4% |
| 2014 | -1.2 % change on previous year | -135.1% |
| 2015 | 2.24 % change on previous year | -286.6% |
| 2016 | 1.72 % change on previous year | -23.1% |
| 2017 | 4.06 % change on previous year | +136.1% |
| 2018 | 5.83 % change on previous year | +43.5% |
| 2019 | 10.26 % change on previous year | +76.1% |
| 2020 | -2.44 % change on previous year | -123.8% |
| 2021 | 2.15 % change on previous year | -188.1% |
| 2022 | -0.8657 % change on previous year | -140.2% |
| 2023 | -4.09 % change on previous year | +372.3% |
| 2024 | 2.1 % change on previous year | -151.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | -1.19 % change on previous year | -1.9 % change on previous year | -0.4845 % change on previous year | 2 |
| 2000s | 2.05 % change on previous year | -7.85 % change on previous year | 6.06 % change on previous year | 10 |
| 2010s | 3.04 % change on previous year | -1.2 % change on previous year | 10.26 % change on previous year | 10 |
| 2020s | -0.6284 % change on previous year | -4.09 % change on previous year | 2.15 % change on previous year | 5 |
Countries ranked near Marshall Islands
- 128 Chile 2.41 % change on previous year compare
- 129 Brazil 2.39 % change on previous year compare
- 130 Dominican Republic 2.16 % change on previous year compare
- 132 Latvia 1.99 % change on previous year compare
- 133 Bermuda 1.92 % change on previous year compare
- 134 Malawi 1.9 % change on previous year 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)
- Gdp worldbank constant usd, annual growth rate 2.28 % change on previous year (2025)
- Manufacturing value added to gdp, per unit of GDP 0 units per US$ of GDP (2024)
- Gdp worldbank constant usd, per unit of GDP 0.7273 units per US$ of GDP (2025)
- Manufacturing value added to gdp, per capita 0.0001 units per person (2024)
- Gdp worldbank constant usd, per capita 6,174 units per person (2025)
- External balance on goods and services as a percent of gdp -43.83 (2025)
- GDP per capita 6,174 constant 2015 US$ (2025)
- Exports of goods and services 36.0% (2025)
Frequently asked questions
- What is gross value added at basic prices (gva) (constant lcu), annual growth in Marshall Islands?
- Gross value added at basic prices (gva) (constant lcu), annual growth in Marshall Islands was 2.1 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gross value added at basic prices (gva) (constant lcu), annual growth recorded in Marshall Islands?
- The highest recorded value was 10.26 % change on previous year in 2019.
- What is the lowest gross value added at basic prices (gva) (constant lcu), annual growth recorded in Marshall Islands?
- The lowest recorded value was -7.85 % change on previous year in 2008.
- How does Marshall Islands rank for gross value added at basic prices (gva) (constant lcu), annual growth?
- Marshall Islands ranks 131st out of 195 countries with data for 2024.
- Is gross value added at basic prices (gva) (constant lcu), annual growth rising or falling in Marshall Islands?
- Over the last ten years it is up 275.5%. The long-run trend across the full record is volatile.
- 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 LCU), annual growth rate. Statizoid updates them automatically from the source API.
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How this figure is calculated
The year-on-year percentage change in Gross value added at basic prices (GVA) (constant LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross value added at basic prices (GVA) Country official statistics, National Statistical Offices (NSOs)
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
The year-on-year percentage change in Gross value added at basic prices (GVA) (constant LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.