Gross value added at basic prices (GVA) (constant LCU) in Marshall Islands
Marshall Islands: Gross value added at basic prices (GVA) (constant LCU) was 211.17 million constant LCU in 2024. ▲ Rising
Gross value added at basic prices (GVA) in Marshall Islands, 1997–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant LCU.
Analysis
The most recent figure for gross value added at basic prices (gva) in Marshall Islands is 211.17 million constant LCU, measured in 2024.
The figure 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 LCU in 2019 and was at its lowest, 133.79 million constant LCU, in 1999.
Marshall Islands ranks 198th of 198 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 LCU) in Marshall Islands, year by year
| Year | constant LCU | Change |
|---|---|---|
| 1997 | 137.04 million constant LCU | — |
| 1998 | 136.38 million constant LCU | -0.5% |
| 1999 | 133.79 million constant LCU | -1.9% |
| 2000 | 140.28 million constant LCU | +4.9% |
| 2001 | 148.78 million constant LCU | +6.1% |
| 2002 | 152.73 million constant LCU | +2.7% |
| 2003 | 153.22 million constant LCU | +0.3% |
| 2004 | 157.85 million constant LCU | +3.0% |
| 2005 | 158.20 million constant LCU | +0.2% |
| 2006 | 159.66 million constant LCU | +0.9% |
| 2007 | 166.79 million constant LCU | +4.5% |
| 2008 | 153.70 million constant LCU | -7.9% |
| 2009 | 162.65 million constant LCU | +5.8% |
| 2010 | 170.24 million constant LCU | +4.7% |
| 2011 | 169.37 million constant LCU | -0.5% |
| 2012 | 169.17 million constant LCU | -0.1% |
| 2013 | 174.94 million constant LCU | +3.4% |
| 2014 | 172.85 million constant LCU | -1.2% |
| 2015 | 176.71 million constant LCU | +2.2% |
| 2016 | 179.75 million constant LCU | +1.7% |
| 2017 | 187.05 million constant LCU | +4.1% |
| 2018 | 197.96 million constant LCU | +5.8% |
| 2019 | 218.27 million constant LCU | +10.3% |
| 2020 | 212.94 million constant LCU | -2.4% |
| 2021 | 217.52 million constant LCU | +2.2% |
| 2022 | 215.64 million constant LCU | -0.9% |
| 2023 | 206.82 million constant LCU | -4.1% |
| 2024 | 211.17 million constant LCU | +2.1% |
Marshall Islands compared with similar countries
- Marshall Islands's 211.17 million constant LCU is below the median for upper middle income countries, which is 504.09 billion constant LCU, 0% of the median. (57 countries reporting)
- Marshall Islands's 211.17 million constant LCU is below the median for East Asia & Pacific, which is 473.15 billion constant LCU, 0% of the median. (28 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 135.74 million constant LCU | 133.79 million constant LCU | 137.04 million constant LCU | 3 |
| 2000s | 155.39 million constant LCU | 140.28 million constant LCU | 166.79 million constant LCU | 10 |
| 2010s | 181.63 million constant LCU | 169.17 million constant LCU | 218.27 million constant LCU | 10 |
| 2020s | 212.82 million constant LCU | 206.82 million constant LCU | 217.52 million constant LCU | 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 LCU in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross value added at basic prices (gva) recorded in Marshall Islands?
- The highest recorded value was 218.27 million constant LCU 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 LCU in 1999.
- How does Marshall Islands rank for gross value added at basic prices (gva)?
- Marshall Islands ranks 198th out of 198 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 Offices (NSOs), published as part of Gross value added at basic prices (GVA) (constant LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 28 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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 varies by country. This series is expressed in local currency units.