Industry (including construction), value added in Marshall Islands
Marshall Islands: Industry (including construction), value added was 4.2% in 2024. ◆ Volatile
Industry (including construction), value added in Marshall Islands, 1998–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in annual % growth.
Analysis
Marshall Islands recorded 4.2% for industry (including construction), value added in 2024.
That represents a change of down 26.9% on the previous year and up 293.7% over ten years.
Over the whole period, industry (including construction), value added in Marshall Islands peaked at 30.1% in 2006 and was at its lowest, -24.7%, in 2012.
That places Marshall Islands 72nd out of 197 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.
Industry (including construction), value added in Marshall Islands, year by year
| Year | annual % growth | Change |
|---|---|---|
| 1998 | 22.6% | — |
| 1999 | 5.6% | -75.4% |
| 2000 | -0.3% | -105.6% |
| 2001 | 6.4% | -2168.8% |
| 2002 | 9.6% | +49.8% |
| 2003 | -10.7% | -211.1% |
| 2004 | 10.7% | -200.9% |
| 2005 | -9.6% | -189.7% |
| 2006 | 30.1% | -412.0% |
| 2007 | 1.2% | -96.1% |
| 2008 | -15.1% | -1380.9% |
| 2009 | 11.4% | -175.5% |
| 2010 | 7.8% | -31.5% |
| 2011 | -2.8% | -135.6% |
| 2012 | -24.7% | +789.2% |
| 2013 | 11.8% | -147.8% |
| 2014 | -2.2% | -118.5% |
| 2015 | -13.7% | +529.1% |
| 2016 | -3.3% | -76.1% |
| 2017 | 0.4% | -111.9% |
| 2018 | 8.2% | +1977.9% |
| 2019 | 14.6% | +78.8% |
| 2020 | -5.3% | -136.2% |
| 2021 | -0.1% | -97.3% |
| 2022 | 9.6% | -6904.0% |
| 2023 | 5.8% | -39.9% |
| 2024 | 4.2% | -26.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 14.1% | 5.6% | 22.6% | 2 |
| 2000s | 3.4% | -15.1% | 30.1% | 10 |
| 2010s | -0.4% | -24.7% | 14.6% | 10 |
| 2020s | 2.8% | -5.3% | 9.6% | 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)
- 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)
- Gdp worldbank constant usd, per capita 6,174 units per person (2025)
- Manufacturing value added to gdp, per unit of GDP 0 units per US$ of GDP (2024)
- Manufacturing value added to gdp, per capita 0.0001 units per person (2024)
- External balance on goods and services as a percent of gdp -43.83 (2025)
- Taxes less subsidies on products (current LCU), per capita 321 current LCU per person (2024)
Frequently asked questions
- What is industry (including construction), value added in Marshall Islands?
- Industry (including construction), value added in Marshall Islands was 4.2% in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest industry (including construction), value added recorded in Marshall Islands?
- The highest recorded value was 30.1% in 2006.
- What is the lowest industry (including construction), value added recorded in Marshall Islands?
- The lowest recorded value was -24.7% in 2012.
- How does Marshall Islands rank for industry (including construction), value added?
- Marshall Islands ranks 72nd out of 197 countries with data for 2024.
- Is industry (including construction), value added rising or falling in Marshall Islands?
- Over the last ten years it is up 293.7%. The long-run trend across the full record is volatile.
- Where does this Marshall Islands data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Industry (including construction), value added (annual % growth). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 27 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Industry (including construction) corresponds to ISIC (Rev.4) divisions 05-43. It is comprised of mining, manufacturing, construction, electricity, water, and gas industries. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.