Gross value added at basic prices (GVA) (current US$), per unit of GDP in Marshall Islands
Marshall Islands: Gross value added at basic prices (GVA) (current US$), per unit of GDP was 0.9756 current US$ per US$ of GDP in 2024. ▲ Rising
Gross value added at basic prices (GVA) (current US$), per unit of GDP in Marshall Islands, 1997–2024
Source: Statizoid (derived). Measured in current US$ per US$ of GDP.
Analysis
The most recent figure for gross value added at basic prices (gva) (current us$), per unit of gdp in Marshall Islands is 0.9756 current US$ per US$ of GDP, measured in 2024.
Compared with earlier readings it is 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 us$), per unit of gdp in Marshall Islands peaked at 0.9865 current US$ per US$ of GDP in 2020 and was at its lowest, 0.8663 current US$ per US$ of GDP, in 1997.
That places Marshall Islands 28th out of 205 countries with data for 2024, putting it in the top quarter.
The long-run direction has been consistently rising across the 28 years of available data.
Gross value added at basic prices (GVA) (current US$), per unit of GDP in Marshall Islands, year by year
| Year | current US$ per US$ of GDP | Change |
|---|---|---|
| 1997 | 0.8663 current US$ per US$ of GDP | — |
| 1998 | 0.8819 current US$ per US$ of GDP | +1.8% |
| 1999 | 0.8725 current US$ per US$ of GDP | -1.1% |
| 2000 | 0.9098 current US$ per US$ of GDP | +4.3% |
| 2001 | 0.8746 current US$ per US$ of GDP | -3.9% |
| 2002 | 0.9058 current US$ per US$ of GDP | +3.6% |
| 2003 | 0.9065 current US$ per US$ of GDP | +0.1% |
| 2004 | 0.9195 current US$ per US$ of GDP | +1.4% |
| 2005 | 0.9031 current US$ per US$ of GDP | -1.8% |
| 2006 | 0.9166 current US$ per US$ of GDP | +1.5% |
| 2007 | 0.93 current US$ per US$ of GDP | +1.5% |
| 2008 | 0.9431 current US$ per US$ of GDP | +1.4% |
| 2009 | 0.9599 current US$ per US$ of GDP | +1.8% |
| 2010 | 0.938 current US$ per US$ of GDP | -2.3% |
| 2011 | 0.9393 current US$ per US$ of GDP | +0.1% |
| 2012 | 0.9578 current US$ per US$ of GDP | +2.0% |
| 2013 | 0.9474 current US$ per US$ of GDP | -1.1% |
| 2014 | 0.9448 current US$ per US$ of GDP | -0.3% |
| 2015 | 0.962 current US$ per US$ of GDP | +1.8% |
| 2016 | 0.9658 current US$ per US$ of GDP | +0.4% |
| 2017 | 0.9685 current US$ per US$ of GDP | +0.3% |
| 2018 | 0.9654 current US$ per US$ of GDP | -0.3% |
| 2019 | 0.9826 current US$ per US$ of GDP | +1.8% |
| 2020 | 0.9865 current US$ per US$ of GDP | +0.4% |
| 2021 | 0.9704 current US$ per US$ of GDP | -1.6% |
| 2022 | 0.9599 current US$ per US$ of GDP | -1.1% |
| 2023 | 0.9613 current US$ per US$ of GDP | +0.1% |
| 2024 | 0.9756 current US$ per US$ of GDP | +1.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.8736 current US$ per US$ of GDP | 0.8663 current US$ per US$ of GDP | 0.8819 current US$ per US$ of GDP | 3 |
| 2000s | 0.9169 current US$ per US$ of GDP | 0.8746 current US$ per US$ of GDP | 0.9599 current US$ per US$ of GDP | 10 |
| 2010s | 0.9571 current US$ per US$ of GDP | 0.938 current US$ per US$ of GDP | 0.9826 current US$ per US$ of GDP | 10 |
| 2020s | 0.9707 current US$ per US$ of GDP | 0.9599 current US$ per US$ of GDP | 0.9865 current US$ per US$ of GDP | 5 |
Countries ranked near Marshall Islands
- 25 Hong Kong 0.9766 current US$ per US$ of GDP compare
- 26 Nigeria 0.9765 current US$ per US$ of GDP compare
- 27 Bangladesh 0.9759 current US$ per US$ of GDP compare
- 29 Panama 0.9754 current US$ per US$ of GDP compare
- 30 Haiti 0.975 current US$ per US$ of GDP compare
- 31 Niger 0.974 current US$ 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)
- GDP per capita 6,174 constant 2015 US$ (2025)
- Manufacturing value added to gdp, per capita 0.0001 units per person (2024)
- External balance on goods and services as a percent of GDP -43.8% (2025)
- 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, annual growth rate 2.28 % change on previous year (2025)
- Gdp worldbank constant usd, per unit of GDP 0.7273 units per US$ of GDP (2025)
- Exports of goods and services 36.0% (2025)
Frequently asked questions
- What is gross value added at basic prices (gva) (current us$), per unit of gdp in Marshall Islands?
- Gross value added at basic prices (gva) (current us$), per unit of gdp in Marshall Islands was 0.9756 current US$ per US$ of GDP in 2024, according to Statizoid (derived).
- What is the highest gross value added at basic prices (gva) (current us$), per unit of gdp recorded in Marshall Islands?
- The highest recorded value was 0.9865 current US$ per US$ of GDP in 2020.
- What is the lowest gross value added at basic prices (gva) (current us$), per unit of gdp recorded in Marshall Islands?
- The lowest recorded value was 0.8663 current US$ per US$ of GDP in 1997.
- How does Marshall Islands rank for gross value added at basic prices (gva) (current us$), per unit of gdp?
- Marshall Islands ranks 28th out of 205 countries with data for 2024.
- Is gross value added at basic prices (gva) (current us$), 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 US$), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
Gross value added at basic prices (GVA) (current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Gross value added at basic prices (GVA) (current US$) ÷ GDP (current US$)
Computed from
- Gross value added at basic prices (GVA) Country official statistics, National Statistical Offices (NSOs)
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Gross value added at basic prices (GVA) (current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.