Gross value added at basic prices (GVA) (constant) … unit GDP constant in Marshall Islands
Marshall Islands: Gross value added at basic prices (GVA) (constant) … unit GDP constant was 0.741 constant LCU per US$ of GDP in 2024. ▼ Falling
Gross value added at basic prices (GVA) (constant LCU), per unit of in Marshall Islands, 1997–2024
Source: Statizoid (derived). Measured in constant LCU per US$ of GDP.
Analysis
In 2024, gross value added at basic prices (gva) (constant lcu), per unit of in Marshall Islands stood at 0.741 constant LCU per US$ of GDP. That is the lowest value across all 28 years on record.
The figure 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 lcu), per unit of in Marshall Islands peaked at 1.25 constant LCU per US$ of GDP in 1997 and was at its lowest, 0.741 constant LCU per US$ of GDP, in 2024.
Marshall Islands ranks 155th of 196 countries on this measure, in the bottom quarter.
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 constant in Marshall Islands, year by year
| Year | constant LCU per US$ of GDP | Change |
|---|---|---|
| 1997 | 1.25 constant LCU per US$ of GDP | — |
| 1998 | 1.22 constant LCU per US$ of GDP | -2.4% |
| 1999 | 1.18 constant LCU per US$ of GDP | -3.0% |
| 2000 | 1.22 constant LCU per US$ of GDP | +3.5% |
| 2001 | 1.22 constant LCU per US$ of GDP | -0.5% |
| 2002 | 1.16 constant LCU per US$ of GDP | -4.8% |
| 2003 | 1.17 constant LCU per US$ of GDP | +1.0% |
| 2004 | 1.19 constant LCU per US$ of GDP | +1.6% |
| 2005 | 1.15 constant LCU per US$ of GDP | -3.5% |
| 2006 | 1.11 constant LCU per US$ of GDP | -2.7% |
| 2007 | 1.11 constant LCU per US$ of GDP | -0.6% |
| 2008 | 1.05 constant LCU per US$ of GDP | -5.4% |
| 2009 | 1.08 constant LCU per US$ of GDP | +2.6% |
| 2010 | 1.06 constant LCU per US$ of GDP | -1.8% |
| 2011 | 0.983 constant LCU per US$ of GDP | -7.0% |
| 2012 | 0.9362 constant LCU per US$ of GDP | -4.8% |
| 2013 | 0.9385 constant LCU per US$ of GDP | +0.2% |
| 2014 | 0.9293 constant LCU per US$ of GDP | -1.0% |
| 2015 | 0.962 constant LCU per US$ of GDP | +3.5% |
| 2016 | 0.8907 constant LCU per US$ of GDP | -7.4% |
| 2017 | 0.8753 constant LCU per US$ of GDP | -1.7% |
| 2018 | 0.8998 constant LCU per US$ of GDP | +2.8% |
| 2019 | 0.9372 constant LCU per US$ of GDP | +4.2% |
| 2020 | 0.8806 constant LCU per US$ of GDP | -6.0% |
| 2021 | 0.8326 constant LCU per US$ of GDP | -5.5% |
| 2022 | 0.8335 constant LCU per US$ of GDP | +0.1% |
| 2023 | 0.7834 constant LCU per US$ of GDP | -6.0% |
| 2024 | 0.741 constant LCU per US$ of GDP | -5.4% |
Marshall Islands compared with similar countries
- Marshall Islands's 0.741 constant LCU per US$ of GDP is below the median for upper middle income countries, which is 5.28 constant LCU per US$ of GDP, 14% of the median. (57 countries reporting)
- Marshall Islands's 0.741 constant LCU per US$ of GDP is below the median for East Asia & Pacific, which is 5.1 constant LCU per US$ of GDP, 15% of the median. (28 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.21 constant LCU per US$ of GDP | 1.18 constant LCU per US$ of GDP | 1.25 constant LCU per US$ of GDP | 3 |
| 2000s | 1.14 constant LCU per US$ of GDP | 1.05 constant LCU per US$ of GDP | 1.22 constant LCU per US$ of GDP | 10 |
| 2010s | 0.9409 constant LCU per US$ of GDP | 0.8753 constant LCU per US$ of GDP | 1.06 constant LCU per US$ of GDP | 10 |
| 2020s | 0.8142 constant LCU per US$ of GDP | 0.741 constant LCU per US$ of GDP | 0.8806 constant LCU per US$ of GDP | 5 |
Countries ranked near Marshall Islands
- 152 Liberia 0.7606 constant LCU per US$ of GDP compare
- 153 Switzerland 0.7549 constant LCU per US$ of GDP compare
- 154 Bermuda 0.7413 constant LCU per US$ of GDP compare
- 156 Malta 0.7347 constant LCU per US$ of GDP compare
- 157 Palau 0.7318 constant LCU per US$ of GDP compare
- 158 El Salvador 0.7153 constant LCU 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 lcu), per unit of in Marshall Islands?
- Gross value added at basic prices (gva) (constant lcu), per unit of in Marshall Islands was 0.741 constant LCU per US$ of GDP in 2024, according to Statizoid (derived).
- What is the highest gross value added at basic prices (gva) (constant lcu), per unit of recorded in Marshall Islands?
- The highest recorded value was 1.25 constant LCU per US$ of GDP in 1997.
- What is the lowest gross value added at basic prices (gva) (constant lcu), per unit of recorded in Marshall Islands?
- The lowest recorded value was 0.741 constant LCU per US$ of GDP in 2024.
- How does Marshall Islands rank for gross value added at basic prices (gva) (constant lcu), per unit of?
- Marshall Islands ranks 155th out of 196 countries with data for 2024.
- Is gross value added at basic prices (gva) (constant lcu), per unit of 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 LCU), 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 LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Gross value added at basic prices (GVA) (constant LCU) ÷ GDP (current US$)
Computed from
- Gross value added at basic prices (GVA) Country official statistics, National Statistical Offices (NSOs)
- 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 LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.