Taxes less subsidies on products in Marshall Islands
Marshall Islands: Taxes less subsidies on products was 7.02 million constant LCU in 2024. ▼ Falling
Taxes less subsidies on products in Marshall Islands, 1997–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant LCU.
Analysis
The most recent figure for taxes less subsidies on products in Marshall Islands is 7.02 million constant LCU, measured in 2024.
Compared with earlier readings it is up 16.1% on the previous year and down 5.3% over ten years.
Over the whole period, taxes less subsidies on products in Marshall Islands peaked at 18.13 million constant LCU in 2002 and was at its lowest, 6.05 million constant LCU, in 2023.
Marshall Islands ranks 181st of 187 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 28 years of available data.
Taxes less subsidies on products in Marshall Islands, year by year
| Year | constant LCU | Change |
|---|---|---|
| 1997 | 16.51 million constant LCU | — |
| 1998 | 16.14 million constant LCU | -2.2% |
| 1999 | 16.70 million constant LCU | +3.4% |
| 2000 | 13.90 million constant LCU | -16.8% |
| 2001 | 16.08 million constant LCU | +15.7% |
| 2002 | 18.13 million constant LCU | +12.7% |
| 2003 | 14.96 million constant LCU | -17.5% |
| 2004 | 9.68 million constant LCU | -35.3% |
| 2005 | 12.32 million constant LCU | +27.3% |
| 2006 | 11.18 million constant LCU | -9.3% |
| 2007 | 10.34 million constant LCU | -7.5% |
| 2008 | 10.01 million constant LCU | -3.2% |
| 2009 | 7.04 million constant LCU | -29.7% |
| 2010 | 8.88 million constant LCU | +26.2% |
| 2011 | 8.85 million constant LCU | -0.3% |
| 2012 | 6.77 million constant LCU | -23.6% |
| 2013 | 7.66 million constant LCU | +13.2% |
| 2014 | 7.41 million constant LCU | -3.2% |
| 2015 | 6.95 million constant LCU | -6.2% |
| 2016 | 8.55 million constant LCU | +22.9% |
| 2017 | 7.96 million constant LCU | -6.9% |
| 2018 | 7.75 million constant LCU | -2.6% |
| 2019 | 8.97 million constant LCU | +15.7% |
| 2020 | 7.99 million constant LCU | -10.9% |
| 2021 | 8.15 million constant LCU | +1.9% |
| 2022 | 8.45 million constant LCU | +3.7% |
| 2023 | 6.05 million constant LCU | -28.5% |
| 2024 | 7.02 million constant LCU | +16.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 16.45 million constant LCU | 16.14 million constant LCU | 16.70 million constant LCU | 3 |
| 2000s | 12.36 million constant LCU | 7.04 million constant LCU | 18.13 million constant LCU | 10 |
| 2010s | 7.98 million constant LCU | 6.77 million constant LCU | 8.97 million constant LCU | 10 |
| 2020s | 7.53 million constant LCU | 6.05 million constant LCU | 8.45 million constant LCU | 5 |
Countries ranked near Marshall Islands
- 178 Palau 28.15 million constant LCU compare
- 179 Micronesia (country) 22.51 million constant LCU compare
- 180 Isle of Man 21.74 million constant LCU compare
- 182 Kiribati 1.03 million constant LCU compare
- 183 Timor-Leste -12.20 million constant LCU compare
- 184 Brunei Darussalam -374.30 million constant LCU compare
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)
- Exports of goods and services 36.0% (2025)
Frequently asked questions
- What is taxes less subsidies on products in Marshall Islands?
- Taxes less subsidies on products in Marshall Islands was 7.02 million constant LCU in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest taxes less subsidies on products recorded in Marshall Islands?
- The highest recorded value was 18.13 million constant LCU in 2002.
- What is the lowest taxes less subsidies on products recorded in Marshall Islands?
- The lowest recorded value was 6.05 million constant LCU in 2023.
- How does Marshall Islands rank for taxes less subsidies on products?
- Marshall Islands ranks 181st out of 187 countries with data for 2024.
- Is taxes less subsidies on products rising or falling in Marshall Islands?
- Over the last ten years it is down 5.3%. The long-run trend across the full record is falling.
- Where does this Marshall Islands data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Taxes less subsidies on products (constant LCU). Statizoid updates them automatically from the source API.
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About this data
Taxes less subsidies on products are taxes payable per unit of a good or service. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.