Industry (including construction), value added in Marshall Islands
Marshall Islands: Industry (including construction), value added was 28.56 million constant LCU in 2024. ▲ Rising
Industry (including construction), value added in Marshall Islands, 1997–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant LCU.
Analysis
The most recent figure for industry (including construction), value added in Marshall Islands is 28.56 million constant LCU, measured in 2024.
Compared with earlier readings it 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 LCU in 2010 and was at its lowest, 16.66 million constant LCU, in 1997.
That places Marshall Islands 198th out of 200 countries with data for 2024, putting it 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 LCU | Change |
|---|---|---|
| 1997 | 16.66 million constant LCU | — |
| 1998 | 20.42 million constant LCU | +22.6% |
| 1999 | 21.55 million constant LCU | +5.6% |
| 2000 | 21.48 million constant LCU | -0.3% |
| 2001 | 22.86 million constant LCU | +6.4% |
| 2002 | 25.05 million constant LCU | +9.6% |
| 2003 | 22.38 million constant LCU | -10.7% |
| 2004 | 24.79 million constant LCU | +10.7% |
| 2005 | 22.40 million constant LCU | -9.6% |
| 2006 | 29.13 million constant LCU | +30.1% |
| 2007 | 29.48 million constant LCU | +1.2% |
| 2008 | 25.02 million constant LCU | -15.1% |
| 2009 | 27.88 million constant LCU | +11.4% |
| 2010 | 30.05 million constant LCU | +7.8% |
| 2011 | 29.22 million constant LCU | -2.8% |
| 2012 | 22.00 million constant LCU | -24.7% |
| 2013 | 24.60 million constant LCU | +11.8% |
| 2014 | 24.06 million constant LCU | -2.2% |
| 2015 | 20.76 million constant LCU | -13.7% |
| 2016 | 20.07 million constant LCU | -3.3% |
| 2017 | 20.15 million constant LCU | +0.4% |
| 2018 | 21.80 million constant LCU | +8.2% |
| 2019 | 24.98 million constant LCU | +14.6% |
| 2020 | 23.66 million constant LCU | -5.3% |
| 2021 | 23.63 million constant LCU | -0.1% |
| 2022 | 25.90 million constant LCU | +9.6% |
| 2023 | 27.40 million constant LCU | +5.8% |
| 2024 | 28.56 million constant LCU | +4.2% |
Marshall Islands compared with similar countries
- Marshall Islands's 28.56 million constant LCU is below the median for upper middle income countries, which is 124.14 billion constant LCU, 0% of the median. (58 countries reporting)
- Marshall Islands's 28.56 million constant LCU is below the median for East Asia & Pacific, which is 154.77 billion constant LCU, 0% of the median. (29 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 19.54 million constant LCU | 16.66 million constant LCU | 21.55 million constant LCU | 3 |
| 2000s | 25.05 million constant LCU | 21.48 million constant LCU | 29.48 million constant LCU | 10 |
| 2010s | 23.77 million constant LCU | 20.07 million constant LCU | 30.05 million constant LCU | 10 |
| 2020s | 25.83 million constant LCU | 23.63 million constant LCU | 28.56 million constant LCU | 5 |
Countries ranked near Marshall Islands
- 195 Sint Maarten (Dutch part) 139.60 million constant LCU compare
- 196 East Timor 115.48 million constant LCU compare
- 197 Kiribati 47.82 million constant LCU compare
- 199 Palau 27.24 million constant LCU compare
- 200 Micronesia (country) 11.00 million constant LCU 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 LCU 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 LCU in 2010.
- What is the lowest industry (including construction), value added recorded in Marshall Islands?
- The lowest recorded value was 16.66 million constant LCU in 1997.
- How does Marshall Islands rank for industry (including construction), value added?
- Marshall Islands ranks 198th out of 200 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 LCU). 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 varies by country. This series is expressed in local currency units.