Manufacturing, value added (current US$) in Marshall Islands
Marshall Islands: Manufacturing, value added (current US$) was 9.04 million current US$ in 2024. ▲ Rising
Manufacturing, value added in Marshall Islands, 1997–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
Marshall Islands recorded 9.04 million current US$ for manufacturing, value added in 2024.
That represents a change of up 30.7% on the previous year and down 20.8% over ten years.
Over the whole period, manufacturing, value added in Marshall Islands peaked at 11.46 million current US$ in 2019 and was at its lowest, 1.68 million current US$, in 1997.
That places Marshall Islands 199th out of 205 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 28 years of available data.
Manufacturing, value added (current US$) in Marshall Islands, year by year
| Year | current US$ | Change |
|---|---|---|
| 1997 | 1.68 million current US$ | — |
| 1998 | 2.35 million current US$ | +40.2% |
| 1999 | 2.16 million current US$ | -8.1% |
| 2000 | 2.73 million current US$ | +26.4% |
| 2001 | 3.84 million current US$ | +40.5% |
| 2002 | 4.43 million current US$ | +15.4% |
| 2003 | 4.74 million current US$ | +7.1% |
| 2004 | 5.58 million current US$ | +17.8% |
| 2005 | 2.62 million current US$ | -53.0% |
| 2006 | 3.61 million current US$ | +37.4% |
| 2007 | 4.60 million current US$ | +27.6% |
| 2008 | 3.25 million current US$ | -29.4% |
| 2009 | 4.15 million current US$ | +27.9% |
| 2010 | 7.62 million current US$ | +83.5% |
| 2011 | 7.41 million current US$ | -2.8% |
| 2012 | 6.77 million current US$ | -8.6% |
| 2013 | 9.76 million current US$ | +44.0% |
| 2014 | 11.42 million current US$ | +17.0% |
| 2015 | 5.83 million current US$ | -49.0% |
| 2016 | 9.17 million current US$ | +57.4% |
| 2017 | 8.84 million current US$ | -3.6% |
| 2018 | 8.17 million current US$ | -7.7% |
| 2019 | 11.46 million current US$ | +40.4% |
| 2020 | 7.80 million current US$ | -32.0% |
| 2021 | 5.94 million current US$ | -23.9% |
| 2022 | 6.52 million current US$ | +9.8% |
| 2023 | 6.92 million current US$ | +6.1% |
| 2024 | 9.04 million current US$ | +30.7% |
Marshall Islands compared with similar countries
- Marshall Islands's 9.04 million current US$ is below the median for upper middle income countries, which is 4.09 billion current US$, 0% of the median. (59 countries reporting)
- Marshall Islands's 9.04 million current US$ is below the median for East Asia & Pacific, which is 1.49 billion current US$, 1% of the median. (32 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 2.06 million current US$ | 1.68 million current US$ | 2.35 million current US$ | 3 |
| 2000s | 3.95 million current US$ | 2.62 million current US$ | 5.58 million current US$ | 10 |
| 2010s | 8.64 million current US$ | 5.83 million current US$ | 11.46 million current US$ | 10 |
| 2020s | 7.24 million current US$ | 5.94 million current US$ | 9.04 million current US$ | 5 |
Countries ranked near Marshall Islands
- 196 Bermuda 28.52 million current US$ compare
- 197 Sint Maarten (Dutch part) 15.84 million current US$ compare
- 198 Kiribati 14.57 million current US$ compare
- 200 Turks and Caicos Islands 7.80 million current US$ compare
- 201 Sao Tome and Principe 5.83 million current US$ compare
- 202 Palau 3.89 million current 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 9.04 million current 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 11.46 million current US$ in 2019.
- What is the lowest manufacturing, value added recorded in Marshall Islands?
- The lowest recorded value was 1.68 million current US$ in 1997.
- How does Marshall Islands rank for manufacturing, value added?
- Marshall Islands ranks 199th out of 205 countries with data for 2024.
- Is manufacturing, value added rising or falling in Marshall Islands?
- Over the last ten years it is down 20.8%. 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 Manufacturing, value added (current US$). Statizoid updates them automatically from the source API.
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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 current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.