Taxes less subsidies on products (current LCU), annual growth rate in Marshall Islands
Marshall Islands: Taxes less subsidies on products (current LCU), annual growth rate was 20.73 % change on previous year in 2024. ◆ Volatile
Taxes less subsidies on products (current LCU), annual growth rate in Marshall Islands, 1998–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2024, taxes less subsidies on products (current lcu), annual growth rate in Marshall Islands stood at 20.73 % change on previous year.
The figure is up 637.1% on the previous year and up 291.4% over ten years.
Over the whole period, taxes less subsidies on products (current lcu), annual growth rate in Marshall Islands peaked at 138.03 % change on previous year in 2021 and was at its lowest, -47.11 % change on previous year, in 2019.
Marshall Islands ranks 30th of 197 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Taxes less subsidies on products (current LCU), annual growth rate in Marshall Islands, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1998 | -9.91 % change on previous year | — |
| 1999 | 9.17 % change on previous year | -192.5% |
| 2000 | -28.3 % change on previous year | -408.8% |
| 2001 | 48.12 % change on previous year | -270.0% |
| 2002 | -19.05 % change on previous year | -139.6% |
| 2003 | -1.37 % change on previous year | -92.8% |
| 2004 | -12.53 % change on previous year | +814.3% |
| 2005 | 24.26 % change on previous year | -293.7% |
| 2006 | -10.69 % change on previous year | -144.0% |
| 2007 | -11.65 % change on previous year | +9.0% |
| 2008 | -20.55 % change on previous year | +76.4% |
| 2009 | -27.08 % change on previous year | +31.8% |
| 2010 | 63.33 % change on previous year | -333.9% |
| 2011 | 5.27 % change on previous year | -91.7% |
| 2012 | -27.11 % change on previous year | -614.5% |
| 2013 | 28.14 % change on previous year | -203.8% |
| 2014 | 5.3 % change on previous year | -81.2% |
| 2015 | -32.47 % change on previous year | -713.0% |
| 2016 | -0.2272 % change on previous year | -99.3% |
| 2017 | -2.95 % change on previous year | +1196.6% |
| 2018 | 13.48 % change on previous year | -557.7% |
| 2019 | -47.11 % change on previous year | -449.4% |
| 2020 | -19.52 % change on previous year | -58.6% |
| 2021 | 138.03 % change on previous year | -807.3% |
| 2022 | 34.11 % change on previous year | -75.3% |
| 2023 | -3.86 % change on previous year | -111.3% |
| 2024 | 20.73 % change on previous year | -637.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | -0.373 % change on previous year | -9.91 % change on previous year | 9.17 % change on previous year | 2 |
| 2000s | -5.88 % change on previous year | -28.3 % change on previous year | 48.12 % change on previous year | 10 |
| 2010s | 0.5655 % change on previous year | -47.11 % change on previous year | 63.33 % change on previous year | 10 |
| 2020s | 33.9 % change on previous year | -19.52 % change on previous year | 138.03 % change on previous year | 5 |
Countries ranked near Marshall Islands
- 27 Brunei Darussalam 24.26 % change on previous year compare
- 28 Pakistan 22.73 % change on previous year compare
- 29 Ghana 21.61 % change on previous year compare
- 31 Maldives 19.84 % change on previous year compare
- 32 Tuvalu 19.65 % change on previous year compare
- 33 Kazakhstan 19.52 % change on previous year 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)
- Exports of goods and services (current LCU), annual growth rate 4.72 % change on previous year (2025)
- Exports of goods and services (current LCU), per unit of GDP 0.3604 current LCU per US$ of GDP (2025)
- Exports of goods and services (current LCU), per capita 3,059 current LCU per person (2025)
- Exports of goods and services (constant 2015 US$), annual growth rate 18.74 % change on previous year (2024)
- Exports of goods and services (constant 2015 US$), per unit of GDP 0.3175 constant 2015 US$ per US$ of GDP (2024)
- Exports of goods and services (constant 2015 US$), per capita 2,410 constant 2015 US$ per person (2024)
- Gross fixed capital formation (current US$), annual growth rate 24.94 % change on previous year (2024)
- Gross fixed capital formation (current US$), per unit of GDP 0.2286 current US$ per US$ of GDP (2024)
Frequently asked questions
- What is taxes less subsidies on products (current lcu), annual growth rate in Marshall Islands?
- Taxes less subsidies on products (current lcu), annual growth rate in Marshall Islands was 20.73 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest taxes less subsidies on products (current lcu), annual growth rate recorded in Marshall Islands?
- The highest recorded value was 138.03 % change on previous year in 2021.
- What is the lowest taxes less subsidies on products (current lcu), annual growth rate recorded in Marshall Islands?
- The lowest recorded value was -47.11 % change on previous year in 2019.
- How does Marshall Islands rank for taxes less subsidies on products (current lcu), annual growth rate?
- Marshall Islands ranks 30th out of 197 countries with data for 2024.
- Is taxes less subsidies on products (current lcu), annual growth rate rising or falling in Marshall Islands?
- Over the last ten years it is up 291.4%. 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 (current LCU), annual growth rate. Statizoid updates them automatically from the source API.
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How this figure is calculated
The year-on-year percentage change in Taxes less subsidies on products (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Taxes less subsidies on products 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
The year-on-year percentage change in Taxes less subsidies on products (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.