Net secondary income in Marshall Islands
Marshall Islands: Net secondary income was 124.43 million BoP, current US$ in 2024. ▲ Rising
Net secondary income in Marshall Islands, 2005–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
Marshall Islands recorded 124.43 million BoP, current US$ for net secondary income in 2024. That is the highest value across all 20 years on record.
Compared with earlier readings it is up 26.6% on the previous year and up 130.8% over ten years.
Over the whole period, net secondary income in Marshall Islands peaked at 124.43 million BoP, current US$ in 2024 and was at its lowest, 41.14 million BoP, current US$, in 2017.
That places Marshall Islands 117th out of 200 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 20 years of available data.
Net secondary income in Marshall Islands, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 2005 | 57.43 million BoP, current US$ | — |
| 2006 | 54.07 million BoP, current US$ | -5.9% |
| 2007 | 61.91 million BoP, current US$ | +14.5% |
| 2008 | 62.06 million BoP, current US$ | +0.2% |
| 2009 | 60.03 million BoP, current US$ | -3.3% |
| 2010 | 59.72 million BoP, current US$ | -0.5% |
| 2011 | 58.32 million BoP, current US$ | -2.4% |
| 2012 | 53.93 million BoP, current US$ | -7.5% |
| 2013 | 56.35 million BoP, current US$ | +4.5% |
| 2014 | 53.91 million BoP, current US$ | -4.3% |
| 2015 | 53.53 million BoP, current US$ | -0.7% |
| 2016 | 53.60 million BoP, current US$ | +0.1% |
| 2017 | 41.14 million BoP, current US$ | -23.3% |
| 2018 | 42.97 million BoP, current US$ | +4.4% |
| 2019 | 58.73 million BoP, current US$ | +36.7% |
| 2020 | 67.41 million BoP, current US$ | +14.8% |
| 2021 | 74.56 million BoP, current US$ | +10.6% |
| 2022 | 106.63 million BoP, current US$ | +43.0% |
| 2023 | 98.26 million BoP, current US$ | -7.9% |
| 2024 | 124.43 million BoP, current US$ | +26.6% |
Marshall Islands compared with similar countries
- Marshall Islands's 124.43 million BoP, current US$ is below the median for upper middle income countries, which is 1.08 billion BoP, current US$, 11% of the median. (57 countries reporting)
- Marshall Islands's 124.43 million BoP, current US$ is above the median for East Asia & Pacific, which is 124.43 million BoP, current US$, 1.0× the median. (33 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 59.10 million BoP, current US$ | 54.07 million BoP, current US$ | 62.06 million BoP, current US$ | 5 |
| 2010s | 53.22 million BoP, current US$ | 41.14 million BoP, current US$ | 59.72 million BoP, current US$ | 10 |
| 2020s | 94.26 million BoP, current US$ | 67.41 million BoP, current US$ | 124.43 million BoP, current US$ | 5 |
Countries ranked near Marshall Islands
- 114 Solomon Islands 146.26 million BoP, current US$ compare
- 115 Romania 140.70 million BoP, current US$ compare
- 116 Estonia 130.33 million BoP, current US$ compare
- 118 Vanuatu 119.17 million BoP, current US$ compare
- 119 East Timor 117.93 million BoP, current US$ compare
- 120 Sao Tome and Principe 112.49 million BoP, current US$ 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 net secondary income in Marshall Islands?
- Net secondary income in Marshall Islands was 124.43 million BoP, current US$ in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net secondary income recorded in Marshall Islands?
- The highest recorded value was 124.43 million BoP, current US$ in 2024.
- What is the lowest net secondary income recorded in Marshall Islands?
- The lowest recorded value was 41.14 million BoP, current US$ in 2017.
- How does Marshall Islands rank for net secondary income?
- Marshall Islands ranks 117th out of 200 countries with data for 2024.
- Is net secondary income rising or falling in Marshall Islands?
- Over the last ten years it is up 130.8%. The long-run trend across the full record is rising.
- Where does this Marshall Islands data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Net secondary income (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
Net secondary income (from abroad) comprises transfers of income between residents of the reporting country and the rest of the world that carry no provisions for repayment. Net secondary income is equal to the unrequited transfers of income from nonresidents to residents minus the unrequited transfers from residents to nonresidents. 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.