Industry (including construction), value added in Marshall Islands
Marshall Islands: Industry (including construction), value added was 13.4% in 2024. ▲ Rising
Industry (including construction), value added in Marshall Islands, 1997–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
The most recent figure for industry (including construction), value added in Marshall Islands is 13.4%, measured in 2024.
That represents a change of up 14.9% on the previous year and down 8.0% over ten years.
Over the whole period, industry (including construction), value added in Marshall Islands peaked at 15.3% in 2016 and was at its lowest, 8.1%, in 2005.
Marshall Islands ranks 172nd 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.
Industry (including construction), value added in Marshall Islands, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1997 | 9.9% | — |
| 1998 | 13.1% | +31.5% |
| 1999 | 13.8% | +5.6% |
| 2000 | 12.7% | -7.6% |
| 2001 | 10.6% | -16.6% |
| 2002 | 14.8% | +38.9% |
| 2003 | 11.7% | -20.9% |
| 2004 | 10.3% | -11.8% |
| 2005 | 8.1% | -21.1% |
| 2006 | 11.4% | +40.1% |
| 2007 | 13.3% | +16.6% |
| 2008 | 12.7% | -4.1% |
| 2009 | 13.6% | +7.1% |
| 2010 | 14.6% | +7.3% |
| 2011 | 13.5% | -7.4% |
| 2012 | 13.3% | -1.4% |
| 2013 | 13.9% | +4.0% |
| 2014 | 14.6% | +5.0% |
| 2015 | 11.3% | -22.5% |
| 2016 | 15.3% | +35.4% |
| 2017 | 13.0% | -14.9% |
| 2018 | 12.2% | -6.3% |
| 2019 | 14.4% | +18.2% |
| 2020 | 13.3% | -7.4% |
| 2021 | 11.2% | -16.1% |
| 2022 | 9.6% | -14.3% |
| 2023 | 11.7% | +21.7% |
| 2024 | 13.4% | +14.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 12.3% | 9.9% | 13.8% | 3 |
| 2000s | 11.9% | 8.1% | 14.8% | 10 |
| 2010s | 13.6% | 11.3% | 15.3% | 10 |
| 2020s | 11.8% | 9.6% | 13.4% | 5 |
Countries ranked near Marshall Islands
More economy & growth data for Marshall Islands
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 1.5 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 0.6305 Percent per annum (2029)
- Gdp worldbank constant usd, annual growth rate 2.28 % change on previous year (2025)
- Manufacturing value added to gdp, per capita 0.0001 units per person (2024)
- Gdp worldbank constant usd, per capita 6,174 units per person (2025)
- Gdp worldbank constant usd, per unit of GDP 0.7273 units per US$ of GDP (2025)
- External balance on goods and services as a percent of GDP -43.8% (2025)
- GDP per capita 6,174 constant 2015 US$ (2025)
- Manufacturing value added to gdp, per unit of GDP 0 units per US$ of GDP (2024)
- Exports of goods and services 36.0% (2025)
Frequently asked questions
- What is industry (including construction), value added in Marshall Islands?
- Industry (including construction), value added in Marshall Islands was 13.4% 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 15.3% in 2016.
- What is the lowest industry (including construction), value added recorded in Marshall Islands?
- The lowest recorded value was 8.1% in 2005.
- How does Marshall Islands rank for industry (including construction), value added?
- Marshall Islands ranks 172nd out of 207 countries with data for 2024.
- Is industry (including construction), value added rising or falling in Marshall Islands?
- Over the last ten years it is down 8.0%. 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 (% of GDP). 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.