Gross value added at basic prices (GVA) (current US$) in Marshall Islands
Marshall Islands: Gross value added at basic prices (GVA) (current US$) was 278.06 million current US$ 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 current US$.
Analysis
The most recent figure for gross value added at basic prices (gva) in Marshall Islands is 278.06 million current US$, measured in 2024. That is the highest value across all 28 years on record.
The figure is 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 US$ in 2024 and was at its lowest, 95.19 million current US$, in 1997.
Marshall Islands ranks 205th of 207 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 28 years of available data.
Gross value added at basic prices (GVA) (current US$) in Marshall Islands, year by year
| Year | current US$ | Change |
|---|---|---|
| 1997 | 95.19 million current US$ | — |
| 1998 | 98.83 million current US$ | +3.8% |
| 1999 | 98.90 million current US$ | +0.1% |
| 2000 | 104.48 million current US$ | +5.6% |
| 2001 | 107.06 million current US$ | +2.5% |
| 2002 | 119.53 million current US$ | +11.7% |
| 2003 | 118.87 million current US$ | -0.6% |
| 2004 | 122.20 million current US$ | +2.8% |
| 2005 | 124.63 million current US$ | +2.0% |
| 2006 | 131.26 million current US$ | +5.3% |
| 2007 | 139.96 million current US$ | +6.6% |
| 2008 | 138.26 million current US$ | -1.2% |
| 2009 | 145.14 million current US$ | +5.0% |
| 2010 | 151.11 million current US$ | +4.1% |
| 2011 | 161.84 million current US$ | +7.1% |
| 2012 | 173.08 million current US$ | +6.9% |
| 2013 | 176.59 million current US$ | +2.0% |
| 2014 | 175.73 million current US$ | -0.5% |
| 2015 | 176.71 million current US$ | +0.6% |
| 2016 | 194.89 million current US$ | +10.3% |
| 2017 | 206.97 million current US$ | +6.2% |
| 2018 | 212.38 million current US$ | +2.6% |
| 2019 | 228.85 million current US$ | +7.8% |
| 2020 | 238.53 million current US$ | +4.2% |
| 2021 | 253.50 million current US$ | +6.3% |
| 2022 | 248.34 million current US$ | -2.0% |
| 2023 | 253.78 million current US$ | +2.2% |
| 2024 | 278.06 million current US$ | +9.6% |
Marshall Islands compared with similar countries
- Marshall Islands's 278.06 million current US$ is below the median for upper middle income countries, which is 39.41 billion current US$, 1% of the median. (58 countries reporting)
- Marshall Islands's 278.06 million current US$ is below the median for East Asia & Pacific, which is 22.97 billion current US$, 1% of the median. (31 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 97.64 million current US$ | 95.19 million current US$ | 98.90 million current US$ | 3 |
| 2000s | 125.14 million current US$ | 104.48 million current US$ | 145.14 million current US$ | 10 |
| 2010s | 185.81 million current US$ | 151.11 million current US$ | 228.85 million current US$ | 10 |
| 2020s | 254.44 million current US$ | 238.53 million current US$ | 278.06 million current US$ | 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 278.06 million current US$ 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 278.06 million current US$ 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 US$ 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 Offices (NSOs), published as part of Gross value added at basic prices (GVA) (current US$). 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 current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.