Taxes less subsidies on products (constant LCU), per unit of GDP in Marshall Islands
Marshall Islands: Taxes less subsidies on products (constant LCU), per unit of GDP was 0.0246 constant LCU per US$ of GDP in 2024. ◆ Volatile
Taxes less subsidies on products (constant LCU), per unit of GDP in Marshall Islands, 1997–2024
Source: Statizoid (derived). Measured in constant LCU per US$ of GDP.
Analysis
In 2024, taxes less subsidies on products (constant lcu), per unit of gdp in Marshall Islands stood at 0.0246 constant LCU per US$ of GDP.
Compared with earlier readings it is up 7.6% on the previous year and down 38.2% over ten years.
Over the whole period, taxes less subsidies on products (constant lcu), per unit of gdp in Marshall Islands peaked at 0.1503 constant LCU per US$ of GDP in 1997 and was at its lowest, 0.0229 constant LCU per US$ of GDP, in 2023.
Marshall Islands ranks 175th of 189 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Taxes less subsidies on products (constant LCU), per unit of GDP in Marshall Islands, year by year
| Year | constant LCU per US$ of GDP | Change |
|---|---|---|
| 1997 | 0.1503 constant LCU per US$ of GDP | — |
| 1998 | 0.144 constant LCU per US$ of GDP | -4.2% |
| 1999 | 0.1473 constant LCU per US$ of GDP | +2.3% |
| 2000 | 0.121 constant LCU per US$ of GDP | -17.8% |
| 2001 | 0.1314 constant LCU per US$ of GDP | +8.6% |
| 2002 | 0.1374 constant LCU per US$ of GDP | +4.6% |
| 2003 | 0.1141 constant LCU per US$ of GDP | -16.9% |
| 2004 | 0.0729 constant LCU per US$ of GDP | -36.1% |
| 2005 | 0.0893 constant LCU per US$ of GDP | +22.6% |
| 2006 | 0.0781 constant LCU per US$ of GDP | -12.6% |
| 2007 | 0.0687 constant LCU per US$ of GDP | -12.0% |
| 2008 | 0.0683 constant LCU per US$ of GDP | -0.6% |
| 2009 | 0.0466 constant LCU per US$ of GDP | -31.8% |
| 2010 | 0.0551 constant LCU per US$ of GDP | +18.4% |
| 2011 | 0.0514 constant LCU per US$ of GDP | -6.8% |
| 2012 | 0.0374 constant LCU per US$ of GDP | -27.1% |
| 2013 | 0.0411 constant LCU per US$ of GDP | +9.8% |
| 2014 | 0.0399 constant LCU per US$ of GDP | -3.0% |
| 2015 | 0.0379 constant LCU per US$ of GDP | -5.0% |
| 2016 | 0.0424 constant LCU per US$ of GDP | +11.9% |
| 2017 | 0.0372 constant LCU per US$ of GDP | -12.1% |
| 2018 | 0.0352 constant LCU per US$ of GDP | -5.4% |
| 2019 | 0.0385 constant LCU per US$ of GDP | +9.3% |
| 2020 | 0.0331 constant LCU per US$ of GDP | -14.2% |
| 2021 | 0.0312 constant LCU per US$ of GDP | -5.6% |
| 2022 | 0.0327 constant LCU per US$ of GDP | +4.7% |
| 2023 | 0.0229 constant LCU per US$ of GDP | -29.9% |
| 2024 | 0.0246 constant LCU per US$ of GDP | +7.6% |
Marshall Islands compared with similar countries
- Marshall Islands's 0.0246 constant LCU per US$ of GDP is below the median for upper middle income countries, which is 0.3532 constant LCU per US$ of GDP, 7% of the median. (54 countries reporting)
- Marshall Islands's 0.0246 constant LCU per US$ of GDP is below the median for East Asia & Pacific, which is 0.1427 constant LCU per US$ of GDP, 17% of the median. (24 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.1472 constant LCU per US$ of GDP | 0.144 constant LCU per US$ of GDP | 0.1503 constant LCU per US$ of GDP | 3 |
| 2000s | 0.0928 constant LCU per US$ of GDP | 0.0466 constant LCU per US$ of GDP | 0.1374 constant LCU per US$ of GDP | 10 |
| 2010s | 0.0416 constant LCU per US$ of GDP | 0.0352 constant LCU per US$ of GDP | 0.0551 constant LCU per US$ of GDP | 10 |
| 2020s | 0.0289 constant LCU per US$ of GDP | 0.0229 constant LCU per US$ of GDP | 0.0331 constant LCU per US$ of GDP | 5 |
Countries ranked near Marshall Islands
- 172 Bermuda 0.031 constant LCU per US$ of GDP compare
- 173 Venezuela 0.026 constant LCU per US$ of GDP compare
- 174 Panama 0.0258 constant LCU per US$ of GDP compare
- 176 Switzerland 0.0195 constant LCU per US$ of GDP compare
- 177 Qatar 0.0194 constant LCU per US$ of GDP compare
- 178 Macao 0.0181 constant LCU per US$ of GDP 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 taxes less subsidies on products (constant lcu), per unit of gdp in Marshall Islands?
- Taxes less subsidies on products (constant lcu), per unit of gdp in Marshall Islands was 0.0246 constant LCU per US$ of GDP in 2024, according to Statizoid (derived).
- What is the highest taxes less subsidies on products (constant lcu), per unit of gdp recorded in Marshall Islands?
- The highest recorded value was 0.1503 constant LCU per US$ of GDP in 1997.
- What is the lowest taxes less subsidies on products (constant lcu), per unit of gdp recorded in Marshall Islands?
- The lowest recorded value was 0.0229 constant LCU per US$ of GDP in 2023.
- How does Marshall Islands rank for taxes less subsidies on products (constant lcu), per unit of gdp?
- Marshall Islands ranks 175th out of 189 countries with data for 2024.
- Is taxes less subsidies on products (constant lcu), per unit of gdp rising or falling in Marshall Islands?
- Over the last ten years it is down 38.2%. The long-run trend across the full record is volatile.
- Where does this Marshall Islands data come from?
- The figures come from Statizoid (derived), published as part of Taxes less subsidies on products (constant LCU), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
Taxes less subsidies on products (constant LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Taxes less subsidies on products (constant LCU) ÷ GDP (current US$)
Computed from
- Taxes less subsidies on products Country official statistics, National Statistical Organizations and/or Central Banks
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Taxes less subsidies on products (constant LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.