Personal remittances, received in Marshall Islands
Marshall Islands: Personal remittances, received was 23.5% in 2024. ▲ Rising
Personal remittances, received in Marshall Islands, 2005–2024
Source: Staff estimates, World Bank (WB). Measured in % of GDP.
Analysis
Marshall Islands recorded 23.5% for personal remittances, received in 2024. That is the highest value across all 20 years on record.
The figure is up 5.3% on the previous year and up 67.4% over ten years.
Over the whole period, personal remittances, received in Marshall Islands peaked at 23.5% in 2024 and was at its lowest, 12.9%, in 2011.
That places Marshall Islands 9th out of 196 countries with data for 2024, putting it in the top 10%.
The long-run direction has been consistently rising across the 20 years of available data.
Personal remittances, received in Marshall Islands, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2005 | 17.2% | — |
| 2006 | 18.2% | +5.5% |
| 2007 | 16.7% | -8.0% |
| 2008 | 15.7% | -5.8% |
| 2009 | 15.6% | -0.8% |
| 2010 | 13.8% | -11.6% |
| 2011 | 12.9% | -6.8% |
| 2012 | 12.9% | +0.1% |
| 2013 | 13.2% | +2.4% |
| 2014 | 14.0% | +6.4% |
| 2015 | 14.9% | +6.1% |
| 2016 | 14.0% | -5.6% |
| 2017 | 14.2% | +1.5% |
| 2018 | 14.3% | +0.3% |
| 2019 | 13.9% | -2.5% |
| 2020 | 13.8% | -0.7% |
| 2021 | 13.2% | -4.7% |
| 2022 | 19.9% | +51.2% |
| 2023 | 22.3% | +11.9% |
| 2024 | 23.5% | +5.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 16.7% | 15.6% | 18.2% | 5 |
| 2010s | 13.8% | 12.9% | 14.9% | 10 |
| 2020s | 18.5% | 13.2% | 23.5% | 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)
- External balance on goods and services as a percent of GDP -43.8% (2025)
- Manufacturing value added to gdp, per unit of GDP 0 units per US$ of GDP (2024)
- Manufacturing value added to gdp, per capita 0.0001 units per person (2024)
- Gdp worldbank constant usd, annual growth rate 2.28 % change on previous year (2025)
- 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)
- GDP per capita 6,174 constant 2015 US$ (2025)
- External balance on goods and services -135.00 million current LCU (2025)
Frequently asked questions
- What is personal remittances, received in Marshall Islands?
- Personal remittances, received in Marshall Islands was 23.5% in 2024, according to Staff estimates, World Bank (WB).
- What is the highest personal remittances, received recorded in Marshall Islands?
- The highest recorded value was 23.5% in 2024.
- What is the lowest personal remittances, received recorded in Marshall Islands?
- The lowest recorded value was 12.9% in 2011.
- How does Marshall Islands rank for personal remittances, received?
- Marshall Islands ranks 9th out of 196 countries with data for 2024.
- Is personal remittances, received rising or falling in Marshall Islands?
- Over the last ten years it is up 67.4%. The long-run trend across the full record is rising.
- Where does this Marshall Islands data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Personal remittances, received (% of GDP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 20 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Personal remittances comprise personal transfers and compensation of employees. Personal transfers consist of all current transfers in cash or in kind made or received by resident households to or from nonresident households. Personal transfers thus include all current transfers between resident and nonresident individuals. Compensation of employees refers to the income of border, seasonal, and other short-term workers who are employed in an economy where they are not resident and of residents employed by nonresident entities. Data are the sum of two items defined in the sixth edition of the IMF's Balance of Payments Manual: personal transfers and compensation of employees.