Gross value added at basic prices (GVA) (current LCU), per unit of GDP in Marshall Islands
Marshall Islands: Gross value added at basic prices (GVA) (current LCU), per unit of GDP was 0.9756 current LCU per US$ of GDP in 2024. ▲ Rising
Gross value added at basic prices (GVA) (current LCU), per unit of GDP in Marshall Islands, 1997–2024
Source: Statizoid (derived). Measured in current LCU per US$ of GDP.
Analysis
In 2024, gross value added at basic prices (gva) (current lcu), per unit of gdp in Marshall Islands stood at 0.9756 current LCU per US$ of GDP.
That represents a change of up 1.5% on the previous year and up 3.3% over ten years.
Over the whole period, gross value added at basic prices (gva) (current lcu), per unit of gdp in Marshall Islands peaked at 0.9865 current LCU per US$ of GDP in 2020 and was at its lowest, 0.8663 current LCU per US$ of GDP, in 1997.
That places Marshall Islands 158th out of 205 countries with data for 2024, putting it 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) (current LCU), per unit of GDP in Marshall Islands, year by year
| Year | current LCU per US$ of GDP | Change |
|---|---|---|
| 1997 | 0.8663 current LCU per US$ of GDP | — |
| 1998 | 0.8819 current LCU per US$ of GDP | +1.8% |
| 1999 | 0.8725 current LCU per US$ of GDP | -1.1% |
| 2000 | 0.9098 current LCU per US$ of GDP | +4.3% |
| 2001 | 0.8746 current LCU per US$ of GDP | -3.9% |
| 2002 | 0.9058 current LCU per US$ of GDP | +3.6% |
| 2003 | 0.9065 current LCU per US$ of GDP | +0.1% |
| 2004 | 0.9195 current LCU per US$ of GDP | +1.4% |
| 2005 | 0.9031 current LCU per US$ of GDP | -1.8% |
| 2006 | 0.9166 current LCU per US$ of GDP | +1.5% |
| 2007 | 0.93 current LCU per US$ of GDP | +1.5% |
| 2008 | 0.9431 current LCU per US$ of GDP | +1.4% |
| 2009 | 0.9599 current LCU per US$ of GDP | +1.8% |
| 2010 | 0.938 current LCU per US$ of GDP | -2.3% |
| 2011 | 0.9393 current LCU per US$ of GDP | +0.1% |
| 2012 | 0.9578 current LCU per US$ of GDP | +2.0% |
| 2013 | 0.9474 current LCU per US$ of GDP | -1.1% |
| 2014 | 0.9448 current LCU per US$ of GDP | -0.3% |
| 2015 | 0.962 current LCU per US$ of GDP | +1.8% |
| 2016 | 0.9658 current LCU per US$ of GDP | +0.4% |
| 2017 | 0.9685 current LCU per US$ of GDP | +0.3% |
| 2018 | 0.9654 current LCU per US$ of GDP | -0.3% |
| 2019 | 0.9826 current LCU per US$ of GDP | +1.8% |
| 2020 | 0.9865 current LCU per US$ of GDP | +0.4% |
| 2021 | 0.9704 current LCU per US$ of GDP | -1.6% |
| 2022 | 0.9599 current LCU per US$ of GDP | -1.1% |
| 2023 | 0.9613 current LCU per US$ of GDP | +0.1% |
| 2024 | 0.9756 current LCU per US$ of GDP | +1.5% |
Marshall Islands compared with similar countries
- Marshall Islands's 0.9756 current LCU per US$ of GDP is below the median for upper middle income countries, which is 13.91 current LCU per US$ of GDP, 7% of the median. (58 countries reporting)
- Marshall Islands's 0.9756 current LCU per US$ of GDP is below the median for East Asia & Pacific, which is 7.62 current LCU per US$ of GDP, 13% of the median. (31 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.8736 current LCU per US$ of GDP | 0.8663 current LCU per US$ of GDP | 0.8819 current LCU per US$ of GDP | 3 |
| 2000s | 0.9169 current LCU per US$ of GDP | 0.8746 current LCU per US$ of GDP | 0.9599 current LCU per US$ of GDP | 10 |
| 2010s | 0.9571 current LCU per US$ of GDP | 0.938 current LCU per US$ of GDP | 0.9826 current LCU per US$ of GDP | 10 |
| 2020s | 0.9707 current LCU per US$ of GDP | 0.9599 current LCU per US$ of GDP | 0.9865 current LCU per US$ of GDP | 5 |
Countries ranked near Marshall Islands
- 155 Puerto Rico 0.9962 current LCU per US$ of GDP compare
- 156 Cuba 0.9929 current LCU per US$ of GDP compare
- 157 Tuvalu 0.9798 current LCU per US$ of GDP compare
- 159 Panama 0.9754 current LCU per US$ of GDP compare
- 160 Liberia 0.9716 current LCU per US$ of GDP compare
- 161 Bermuda 0.9638 current 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) (current lcu), per unit of gdp in Marshall Islands?
- Gross value added at basic prices (gva) (current lcu), per unit of gdp in Marshall Islands was 0.9756 current LCU per US$ of GDP in 2024, according to Statizoid (derived).
- What is the highest gross value added at basic prices (gva) (current lcu), per unit of gdp recorded in Marshall Islands?
- The highest recorded value was 0.9865 current LCU per US$ of GDP in 2020.
- What is the lowest gross value added at basic prices (gva) (current lcu), per unit of gdp recorded in Marshall Islands?
- The lowest recorded value was 0.8663 current LCU per US$ of GDP in 1997.
- How does Marshall Islands rank for gross value added at basic prices (gva) (current lcu), per unit of gdp?
- Marshall Islands ranks 158th out of 205 countries with data for 2024.
- Is gross value added at basic prices (gva) (current lcu), per unit of gdp rising or falling in Marshall Islands?
- Over the last ten years it is up 3.3%. The long-run trend across the full record is rising.
- 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), 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) (current LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Gross value added at basic prices (GVA) (current LCU) ÷ GDP (current US$)
Computed from
- Gross value added at basic prices (GVA) Country official statistics, National Statistical Organizations and/or Central Banks
- 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) (current 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.