Industry (including construction), value added in Marshall Islands
Marshall Islands: Industry (including construction), value added was 28.56 million constant 2015 US$ in 2024. ▲ Rising
Industry (including construction), value added in Marshall Islands, 1997–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant 2015 US$.
Analysis
The most recent figure for industry (including construction), value added in Marshall Islands is 28.56 million constant 2015 US$, measured in 2024.
The figure is up 4.2% on the previous year and up 18.7% over ten years.
Over the whole period, industry (including construction), value added in Marshall Islands peaked at 30.05 million constant 2015 US$ in 2010 and was at its lowest, 16.66 million constant 2015 US$, in 1997.
Marshall Islands ranks 194th of 196 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 28 years of available data.
Industry (including construction), value added in Marshall Islands, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 1997 | 16.66 million constant 2015 US$ | — |
| 1998 | 20.42 million constant 2015 US$ | +22.6% |
| 1999 | 21.55 million constant 2015 US$ | +5.6% |
| 2000 | 21.48 million constant 2015 US$ | -0.3% |
| 2001 | 22.86 million constant 2015 US$ | +6.4% |
| 2002 | 25.05 million constant 2015 US$ | +9.6% |
| 2003 | 22.38 million constant 2015 US$ | -10.7% |
| 2004 | 24.79 million constant 2015 US$ | +10.7% |
| 2005 | 22.40 million constant 2015 US$ | -9.6% |
| 2006 | 29.13 million constant 2015 US$ | +30.1% |
| 2007 | 29.48 million constant 2015 US$ | +1.2% |
| 2008 | 25.02 million constant 2015 US$ | -15.1% |
| 2009 | 27.88 million constant 2015 US$ | +11.4% |
| 2010 | 30.05 million constant 2015 US$ | +7.8% |
| 2011 | 29.22 million constant 2015 US$ | -2.8% |
| 2012 | 22.00 million constant 2015 US$ | -24.7% |
| 2013 | 24.60 million constant 2015 US$ | +11.8% |
| 2014 | 24.06 million constant 2015 US$ | -2.2% |
| 2015 | 20.76 million constant 2015 US$ | -13.7% |
| 2016 | 20.07 million constant 2015 US$ | -3.3% |
| 2017 | 20.15 million constant 2015 US$ | +0.4% |
| 2018 | 21.80 million constant 2015 US$ | +8.2% |
| 2019 | 24.98 million constant 2015 US$ | +14.6% |
| 2020 | 23.66 million constant 2015 US$ | -5.3% |
| 2021 | 23.63 million constant 2015 US$ | -0.1% |
| 2022 | 25.90 million constant 2015 US$ | +9.6% |
| 2023 | 27.40 million constant 2015 US$ | +5.8% |
| 2024 | 28.56 million constant 2015 US$ | +4.2% |
Marshall Islands compared with similar countries
- Marshall Islands's 28.56 million constant 2015 US$ is below the median for upper middle income countries, which is 14.23 billion constant 2015 US$, 0% of the median. (58 countries reporting)
- Marshall Islands's 28.56 million constant 2015 US$ is below the median for East Asia & Pacific, which is 8.43 billion constant 2015 US$, 0% of the median. (29 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 19.54 million constant 2015 US$ | 16.66 million constant 2015 US$ | 21.55 million constant 2015 US$ | 3 |
| 2000s | 25.05 million constant 2015 US$ | 21.48 million constant 2015 US$ | 29.48 million constant 2015 US$ | 10 |
| 2010s | 23.77 million constant 2015 US$ | 20.07 million constant 2015 US$ | 30.05 million constant 2015 US$ | 10 |
| 2020s | 25.83 million constant 2015 US$ | 23.63 million constant 2015 US$ | 28.56 million constant 2015 US$ | 5 |
Countries ranked near Marshall Islands
- 191 Sint Maarten (Dutch part) 80.81 million constant 2015 US$ compare
- 192 Kiribati 36.02 million constant 2015 US$ compare
- 193 Sao Tome and Principe 35.15 million constant 2015 US$ compare
- 195 Palau 26.78 million constant 2015 US$ compare
- 196 Micronesia (country) 19.26 million constant 2015 US$ 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)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 13.36 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 46.01 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0469 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 355.78 BoP, current US$ per person (2024)
- General government final consumption expenditure (current US$) 2.99 % change on previous year (2024)
- General government final consumption expenditure (current US$), per 0.5453 current US$ per US$ of GDP (2024)
- General government final consumption expenditure (current US$), per 4,139 current US$ per person (2024)
- General government final consumption expenditure (current LCU) 2.99 % change on previous year (2024)
Frequently asked questions
- What is industry (including construction), value added in Marshall Islands?
- Industry (including construction), value added in Marshall Islands was 28.56 million constant 2015 US$ 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 30.05 million constant 2015 US$ in 2010.
- What is the lowest industry (including construction), value added recorded in Marshall Islands?
- The lowest recorded value was 16.66 million constant 2015 US$ in 1997.
- How does Marshall Islands rank for industry (including construction), value added?
- Marshall Islands ranks 194th out of 196 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 18.7%. 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 Industry (including construction), value added (constant 2015 US$). Statizoid updates them automatically from the source API.
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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 is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.