Real gdp growth in Marshall Islands, Republic of the
Marshall Islands, Republic of the: Real gdp growth was 3 in 2024. ◆ Volatile
Real gdp growth in Marshall Islands, Republic of the, 1998–2024
Source: Our World in Data.
Analysis
The most recent figure for real gdp growth in Marshall Islands, Republic of the is 3, measured in 2024.
Compared with earlier readings it is up 157.0% on the previous year and up 333.5% over ten years.
Over the whole period, real gdp growth in Marshall Islands, Republic of the peaked at 10.47 in 2019 and was at its lowest, -7.58, in 2008.
That places Marshall Islands, Republic of the 118th out of 196 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Real gdp growth in Marshall Islands, Republic of the, year by year
| Year | Value | Change |
|---|---|---|
| 1998 | -0.641 | — |
| 1999 | -1.31 | +104.7% |
| 2000 | 2.65 | -302.2% |
| 2001 | 7.14 | +169.3% |
| 2002 | 3.54 | -50.5% |
| 2003 | -1.61 | -145.6% |
| 2004 | -0.684 | -57.6% |
| 2005 | 1.79 | -361.5% |
| 2006 | 0.185 | -89.7% |
| 2007 | 3.68 | +1889.2% |
| 2008 | -7.58 | -305.9% |
| 2009 | 3.65 | -148.2% |
| 2010 | 5.56 | +52.2% |
| 2011 | -0.502 | -109.0% |
| 2012 | -1.28 | +154.8% |
| 2013 | 3.79 | -396.2% |
| 2014 | -1.28 | -133.9% |
| 2015 | 1.89 | -247.1% |
| 2016 | 2.52 | +33.5% |
| 2017 | 3.56 | +41.2% |
| 2018 | 5.48 | +53.9% |
| 2019 | 10.47 | +90.9% |
| 2020 | -2.78 | -126.5% |
| 2021 | 2.15 | -177.3% |
| 2022 | -0.701 | -132.7% |
| 2023 | -5.26 | +650.5% |
| 2024 | 3 | -157.0% |
Marshall Islands, Republic of the compared with similar countries
- Marshall Islands, Republic of the's 3 is below the median for upper middle income countries, which is 3.49, 86% of the median. (57 countries reporting)
- Marshall Islands, Republic of the's 3 is below the median for East Asia & Pacific, which is 4.05, 74% of the median. (31 countries reporting)
Biggest year-on-year movements
Years where Real gdp growth in Marshall Islands, Republic of the 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 |
|---|---|---|---|
| 2007 | +1889.2% | 0.185 | 3.68 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | -0.9765 | -1.31 | -0.641 | 2 |
| 2000s | 1.28 | -7.58 | 7.14 | 10 |
| 2010s | 3.02 | -1.28 | 10.47 | 10 |
| 2020s | -0.7186 | -5.26 | 3 | 5 |
Countries ranked near Marshall Islands, Republic of the
- 115 Tuvalu 3.08 compare
- 116 Maldives 3.07 compare
- 117 Afghanistan, Islamic Republic of 3 compare
- 119 Solomon Islands 3 compare
- 120 Eswatini, Kingdom of 2.97 compare
- 121 Israel 2.93 compare
More economy & growth data for Marshall Islands, Republic of the
- 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 real gdp growth in Marshall Islands, Republic of the?
- Real gdp growth in Marshall Islands, Republic of the was 3 in 2024, according to Our World in Data.
- What is the highest real gdp growth recorded in Marshall Islands, Republic of the?
- The highest recorded value was 10.47 in 2019.
- What is the lowest real gdp growth recorded in Marshall Islands, Republic of the?
- The lowest recorded value was -7.58 in 2008.
- How does Marshall Islands, Republic of the rank for real gdp growth?
- Marshall Islands, Republic of the ranks 118th out of 196 countries with data for 2024.
- Is real gdp growth rising or falling in Marshall Islands, Republic of the?
- Over the last ten years it is up 333.5%. The long-run trend across the full record is volatile.
- Where does this Marshall Islands, Republic of the data come from?
- The figures come from Our World in Data, published as part of Real gdp growth. Statizoid updates them automatically from the source API.
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