Gross value added at basic prices (GVA) (current LCU), annual growth in Marshall Islands
Marshall Islands: Gross value added at basic prices (GVA) (current LCU), annual growth was 9.57 % change on previous year in 2024. ◆ Volatile
Gross value added at basic prices (GVA) (current LCU), annual growth in Marshall Islands, 1998–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2024, gross value added at basic prices (gva) (current lcu), annual growth in Marshall Islands stood at 9.57 % change on previous year.
The figure is up 336.9% on the previous year and up 2,062.1% over ten years.
Over the whole period, gross value added at basic prices (gva) (current lcu), annual growth in Marshall Islands peaked at 11.65 % change on previous year in 2002 and was at its lowest, -2.04 % change on previous year, in 2022.
That places Marshall Islands 66th out of 205 countries with data for 2024, putting it 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) (current LCU), annual growth in Marshall Islands, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1998 | 3.83 % change on previous year | — |
| 1999 | 0.0695 % change on previous year | -98.2% |
| 2000 | 5.64 % change on previous year | +8011.5% |
| 2001 | 2.47 % change on previous year | -56.2% |
| 2002 | 11.65 % change on previous year | +371.8% |
| 2003 | -0.553 % change on previous year | -104.7% |
| 2004 | 2.8 % change on previous year | -606.4% |
| 2005 | 1.99 % change on previous year | -29.1% |
| 2006 | 5.32 % change on previous year | +167.7% |
| 2007 | 6.63 % change on previous year | +24.7% |
| 2008 | -1.21 % change on previous year | -118.3% |
| 2009 | 4.98 % change on previous year | -511.1% |
| 2010 | 4.11 % change on previous year | -17.4% |
| 2011 | 7.1 % change on previous year | +72.7% |
| 2012 | 6.95 % change on previous year | -2.1% |
| 2013 | 2.03 % change on previous year | -70.8% |
| 2014 | -0.4876 % change on previous year | -124.0% |
| 2015 | 0.5594 % change on previous year | -214.7% |
| 2016 | 10.29 % change on previous year | +1738.9% |
| 2017 | 6.2 % change on previous year | -39.7% |
| 2018 | 2.61 % change on previous year | -57.8% |
| 2019 | 7.76 % change on previous year | +196.7% |
| 2020 | 4.23 % change on previous year | -45.5% |
| 2021 | 6.28 % change on previous year | +48.4% |
| 2022 | -2.04 % change on previous year | -132.4% |
| 2023 | 2.19 % change on previous year | -207.5% |
| 2024 | 9.57 % change on previous year | +336.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.95 % change on previous year | 0.0695 % change on previous year | 3.83 % change on previous year | 2 |
| 2000s | 3.97 % change on previous year | -1.21 % change on previous year | 11.65 % change on previous year | 10 |
| 2010s | 4.71 % change on previous year | -0.4876 % change on previous year | 10.29 % change on previous year | 10 |
| 2020s | 4.05 % change on previous year | -2.04 % change on previous year | 9.57 % change on previous year | 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)
- Taxes less subsidies on products (current LCU), per unit of GDP 0.0423 current LCU per US$ of GDP (2024)
- External balance on goods and services as a percent of gdp -43.83 (2025)
- Manufacturing value added to gdp, per capita 0.0001 units per person (2024)
- Manufacturing value added to gdp, per unit of GDP 0 units per US$ of GDP (2024)
- Gdp worldbank constant usd, per capita 6,174 units per person (2025)
- Gdp worldbank constant usd, per unit of GDP 0.7273 units per US$ of GDP (2025)
- Gdp worldbank constant usd, annual growth rate 2.28 % change on previous year (2025)
- Taxes less subsidies on products (current LCU), per capita 321 current LCU per person (2024)
Frequently asked questions
- What is gross value added at basic prices (gva) (current lcu), annual growth in Marshall Islands?
- Gross value added at basic prices (gva) (current lcu), annual growth in Marshall Islands was 9.57 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gross value added at basic prices (gva) (current lcu), annual growth recorded in Marshall Islands?
- The highest recorded value was 11.65 % change on previous year in 2002.
- What is the lowest gross value added at basic prices (gva) (current lcu), annual growth recorded in Marshall Islands?
- The lowest recorded value was -2.04 % change on previous year in 2022.
- How does Marshall Islands rank for gross value added at basic prices (gva) (current lcu), annual growth?
- Marshall Islands ranks 66th out of 205 countries with data for 2024.
- Is gross value added at basic prices (gva) (current lcu), annual growth rising or falling in Marshall Islands?
- Over the last ten years it is up 2,062.1%. 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) (current 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) (current 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 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
The year-on-year percentage change in Gross value added at basic prices (GVA) (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.