Industry (including construction), value added in Marshall Islands
Marshall Islands: Industry (including construction), value added was 38.23 million current LCU in 2024. ▲ Rising
Industry (including construction), value added in Marshall Islands, 1997–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current LCU.
Analysis
The most recent figure for industry (including construction), value added in Marshall Islands is 38.23 million current LCU, measured in 2024. That is the highest value across all 28 years on record.
The figure is up 24.0% on the previous year and up 41.0% over ten years.
Over the whole period, industry (including construction), value added in Marshall Islands peaked at 38.23 million current LCU in 2024 and was at its lowest, 10.92 million current LCU, in 1997.
That places Marshall Islands 206th out of 209 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 | current LCU | Change |
|---|---|---|
| 1997 | 10.92 million current LCU | — |
| 1998 | 14.64 million current LCU | +34.1% |
| 1999 | 15.63 million current LCU | +6.8% |
| 2000 | 14.63 million current LCU | -6.4% |
| 2001 | 13.00 million current LCU | -11.1% |
| 2002 | 19.47 million current LCU | +49.8% |
| 2003 | 15.31 million current LCU | -21.4% |
| 2004 | 13.69 million current LCU | -10.6% |
| 2005 | 11.21 million current LCU | -18.1% |
| 2006 | 16.29 million current LCU | +45.3% |
| 2007 | 19.96 million current LCU | +22.5% |
| 2008 | 18.65 million current LCU | -6.5% |
| 2009 | 20.61 million current LCU | +10.5% |
| 2010 | 23.56 million current LCU | +14.3% |
| 2011 | 23.32 million current LCU | -1.0% |
| 2012 | 24.12 million current LCU | +3.4% |
| 2013 | 25.88 million current LCU | +7.3% |
| 2014 | 27.11 million current LCU | +4.7% |
| 2015 | 20.76 million current LCU | -23.4% |
| 2016 | 30.87 million current LCU | +48.7% |
| 2017 | 27.81 million current LCU | -9.9% |
| 2018 | 26.84 million current LCU | -3.5% |
| 2019 | 33.58 million current LCU | +25.1% |
| 2020 | 32.27 million current LCU | -3.9% |
| 2021 | 29.25 million current LCU | -9.4% |
| 2022 | 24.81 million current LCU | -15.2% |
| 2023 | 30.82 million current LCU | +24.2% |
| 2024 | 38.23 million current LCU | +24.0% |
Marshall Islands compared with similar countries
- Marshall Islands's 38.23 million current LCU is below the median for upper middle income countries, which is 251.52 billion current LCU, 0% of the median. (59 countries reporting)
- Marshall Islands's 38.23 million current LCU is below the median for East Asia & Pacific, which is 130.07 billion current LCU, 0% of the median. (32 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 13.73 million current LCU | 10.92 million current LCU | 15.63 million current LCU | 3 |
| 2000s | 16.28 million current LCU | 11.21 million current LCU | 20.61 million current LCU | 10 |
| 2010s | 26.38 million current LCU | 20.76 million current LCU | 33.58 million current LCU | 10 |
| 2020s | 31.07 million current LCU | 24.81 million current LCU | 38.23 million current LCU | 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)
- 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 38.23 million current 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 38.23 million current LCU in 2024.
- What is the lowest industry (including construction), value added recorded in Marshall Islands?
- The lowest recorded value was 10.92 million current LCU in 1997.
- How does Marshall Islands rank for industry (including construction), value added?
- Marshall Islands ranks 206th out of 209 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 41.0%. 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 (current 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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.