Manufacturing, value added (constant 2015 US$) in Marshall Islands
Marshall Islands: Manufacturing, value added (constant 2015 US$) was 3.33 million constant 2015 US$ in 2024. ◆ Volatile
Manufacturing, value added in Marshall Islands, 1997–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant 2015 US$.
Analysis
In 2024, manufacturing, value added in Marshall Islands stood at 3.33 million constant 2015 US$.
The figure is down 4.3% on the previous year and down 59.2% over ten years.
Over the whole period, manufacturing, value added in Marshall Islands peaked at 10.19 million constant 2015 US$ in 2010 and was at its lowest, 326,206 constant 2015 US$, in 1998.
Marshall Islands ranks 184th of 186 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Manufacturing, value added (constant 2015 US$) in Marshall Islands, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 1997 | 518,609 constant 2015 US$ | — |
| 1998 | 326,206 constant 2015 US$ | -37.1% |
| 1999 | 1.96 million constant 2015 US$ | +501.9% |
| 2000 | 2.65 million constant 2015 US$ | +35.0% |
| 2001 | 3.47 million constant 2015 US$ | +30.9% |
| 2002 | 3.31 million constant 2015 US$ | -4.7% |
| 2003 | 4.83 million constant 2015 US$ | +46.0% |
| 2004 | 5.61 million constant 2015 US$ | +16.2% |
| 2005 | 1.14 million constant 2015 US$ | -79.6% |
| 2006 | 2.78 million constant 2015 US$ | +143.9% |
| 2007 | 4.74 million constant 2015 US$ | +70.4% |
| 2008 | 4.39 million constant 2015 US$ | -7.5% |
| 2009 | 7.27 million constant 2015 US$ | +65.8% |
| 2010 | 10.19 million constant 2015 US$ | +40.1% |
| 2011 | 9.86 million constant 2015 US$ | -3.2% |
| 2012 | 6.53 million constant 2015 US$ | -33.8% |
| 2013 | 6.76 million constant 2015 US$ | +3.6% |
| 2014 | 8.17 million constant 2015 US$ | +20.9% |
| 2015 | 5.83 million constant 2015 US$ | -28.7% |
| 2016 | 3.81 million constant 2015 US$ | -34.6% |
| 2017 | 2.81 million constant 2015 US$ | -26.2% |
| 2018 | 3.90 million constant 2015 US$ | +38.4% |
| 2019 | 3.66 million constant 2015 US$ | -6.0% |
| 2020 | 3.57 million constant 2015 US$ | -2.6% |
| 2021 | 3.00 million constant 2015 US$ | -15.9% |
| 2022 | 3.15 million constant 2015 US$ | +5.1% |
| 2023 | 3.48 million constant 2015 US$ | +10.5% |
| 2024 | 3.33 million constant 2015 US$ | -4.3% |
Marshall Islands compared with similar countries
- Marshall Islands's 3.33 million constant 2015 US$ is below the median for upper middle income countries, which is 3.45 billion constant 2015 US$, 0% of the median. (56 countries reporting)
- Marshall Islands's 3.33 million constant 2015 US$ is below the median for East Asia & Pacific, which is 1.97 billion constant 2015 US$, 0% of the median. (27 countries reporting)
Biggest year-on-year movements
Years where Manufacturing, value added (constant 2015 US$) in Marshall Islands changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1999 | +501.9% | 326,206 constant 2015 US$ | 1.96 million constant 2015 US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 936,048 constant 2015 US$ | 326,206 constant 2015 US$ | 1.96 million constant 2015 US$ | 3 |
| 2000s | 4.02 million constant 2015 US$ | 1.14 million constant 2015 US$ | 7.27 million constant 2015 US$ | 10 |
| 2010s | 6.15 million constant 2015 US$ | 2.81 million constant 2015 US$ | 10.19 million constant 2015 US$ | 10 |
| 2020s | 3.31 million constant 2015 US$ | 3.00 million constant 2015 US$ | 3.57 million constant 2015 US$ | 5 |
Countries ranked near Marshall Islands
- 181 Kiribati 12.39 million constant 2015 US$ compare
- 182 Turks and Caicos Islands 9.04 million constant 2015 US$ compare
- 183 Sao Tome and Principe 3.80 million constant 2015 US$ compare
- 185 Palau 2.94 million constant 2015 US$ compare
- 186 Micronesia (country) 1.97 million constant 2015 US$ compare
More economy & growth data for Marshall Islands
- Real gdp growth, annual growth rate 157.02 % change on previous year (2024)
- 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)
- SDRs holdings, US dollar, annual growth rate 4.97 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0342 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 290.63 units per person (2025)
- SDRs holdings, SDR, annual growth rate -0.0384 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.025 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 212.21 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
Frequently asked questions
- What is manufacturing, value added in Marshall Islands?
- Manufacturing, value added in Marshall Islands was 3.33 million constant 2015 US$ in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest manufacturing, value added recorded in Marshall Islands?
- The highest recorded value was 10.19 million constant 2015 US$ in 2010.
- What is the lowest manufacturing, value added recorded in Marshall Islands?
- The lowest recorded value was 326,206 constant 2015 US$ in 1998.
- How does Marshall Islands rank for manufacturing, value added?
- Marshall Islands ranks 184th out of 186 countries with data for 2024.
- Is manufacturing, value added rising or falling in Marshall Islands?
- Over the last ten years it is down 59.2%. 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 Manufacturing, value added (constant 2015 US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 28 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Manufacturing includes industries classified in ISIC (Rev. 3) major division C and is defined as the physical or chemical transformation of materials or components into new products. 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.