Gross value added at basic prices (GVA) (current LCU) in Marshall Islands
Marshall Islands: Gross value added at basic prices (GVA) (current LCU) was 278.06 million current LCU in 2024. ▲ Rising
Gross value added at basic prices (GVA) in Marshall Islands, 1997–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
Marshall Islands recorded 278.06 million current LCU for gross value added at basic prices (gva) in 2024. That is the highest value across all 28 years on record.
That represents a change of up 9.6% on the previous year and up 58.2% over ten years.
Over the whole period, gross value added at basic prices (gva) in Marshall Islands peaked at 278.06 million current LCU in 2024 and was at its lowest, 95.19 million current LCU, in 1997.
Marshall Islands ranks 205th of 207 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) (current LCU) in Marshall Islands, year by year
| Year | current LCU | Change |
|---|---|---|
| 1997 | 95.19 million current LCU | — |
| 1998 | 98.83 million current LCU | +3.8% |
| 1999 | 98.90 million current LCU | +0.1% |
| 2000 | 104.48 million current LCU | +5.6% |
| 2001 | 107.06 million current LCU | +2.5% |
| 2002 | 119.53 million current LCU | +11.7% |
| 2003 | 118.87 million current LCU | -0.6% |
| 2004 | 122.20 million current LCU | +2.8% |
| 2005 | 124.63 million current LCU | +2.0% |
| 2006 | 131.26 million current LCU | +5.3% |
| 2007 | 139.96 million current LCU | +6.6% |
| 2008 | 138.26 million current LCU | -1.2% |
| 2009 | 145.14 million current LCU | +5.0% |
| 2010 | 151.11 million current LCU | +4.1% |
| 2011 | 161.84 million current LCU | +7.1% |
| 2012 | 173.08 million current LCU | +6.9% |
| 2013 | 176.59 million current LCU | +2.0% |
| 2014 | 175.73 million current LCU | -0.5% |
| 2015 | 176.71 million current LCU | +0.6% |
| 2016 | 194.89 million current LCU | +10.3% |
| 2017 | 206.97 million current LCU | +6.2% |
| 2018 | 212.38 million current LCU | +2.6% |
| 2019 | 228.85 million current LCU | +7.8% |
| 2020 | 238.53 million current LCU | +4.2% |
| 2021 | 253.50 million current LCU | +6.3% |
| 2022 | 248.34 million current LCU | -2.0% |
| 2023 | 253.78 million current LCU | +2.2% |
| 2024 | 278.06 million current LCU | +9.6% |
Marshall Islands compared with similar countries
- Marshall Islands's 278.06 million current LCU is below the median for upper middle income countries, which is 896.75 billion current LCU, 0% of the median. (58 countries reporting)
- Marshall Islands's 278.06 million current LCU is below the median for East Asia & Pacific, which is 504.71 billion current LCU, 0% of the median. (31 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 97.64 million current LCU | 95.19 million current LCU | 98.90 million current LCU | 3 |
| 2000s | 125.14 million current LCU | 104.48 million current LCU | 145.14 million current LCU | 10 |
| 2010s | 185.81 million current LCU | 151.11 million current LCU | 228.85 million current LCU | 10 |
| 2020s | 254.44 million current LCU | 238.53 million current LCU | 278.06 million current LCU | 5 |
Countries ranked near Marshall Islands
More economy & growth data for Marshall Islands
- Real gdp growth, annual growth rate 157.02 % change on previous year (2024)
- 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)
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 278.06 million current LCU in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross value added at basic prices (gva) recorded in Marshall Islands?
- The highest recorded value was 278.06 million current LCU in 2024.
- What is the lowest gross value added at basic prices (gva) recorded in Marshall Islands?
- The lowest recorded value was 95.19 million current LCU in 1997.
- How does Marshall Islands rank for gross value added at basic prices (gva)?
- Marshall Islands ranks 205th out of 207 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 58.2%. 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 Organizations and/or Central Banks, published as part of Gross value added at basic prices (GVA) (current LCU). Statizoid updates them automatically from the source API.
Download this data
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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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.