Taxes less subsidies on products (current LCU), per unit of GDP (unit) in Marshall Islands, Republic of the
Marshall Islands, Republic of the: Taxes less subsidies on products (current LCU), per unit of GDP (unit) was 0.0423 current LCU per US$ of GDP in 2024. ◆ Volatile
Taxes less subsidies on products (current LCU), per unit of GDP in Marshall Islands, Republic of the, 1997–2024
Source: Statizoid (derived). Measured in current LCU per US$ of GDP.
Analysis
The most recent figure for taxes less subsidies on products (current lcu), per unit of gdp in Marshall Islands, Republic of the is 0.0423 current LCU per US$ of GDP, measured in 2024.
The figure is up 11.8% on the previous year and down 23.6% over ten years.
Over the whole period, taxes less subsidies on products (current lcu), per unit of gdp in Marshall Islands, Republic of the peaked at 0.1337 current LCU per US$ of GDP in 1997 and was at its lowest, 0.0135 current LCU per US$ of GDP, in 2020.
That places Marshall Islands, Republic of the 179th out of 197 countries with data for 2024, putting it 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 (current LCU), per unit of GDP (unit) in Marshall Islands, Republic of the, year by year
| Year | current LCU per US$ of GDP | Change |
|---|---|---|
| 1997 | 0.1337 current LCU per US$ of GDP | — |
| 1998 | 0.1181 current LCU per US$ of GDP | -11.7% |
| 1999 | 0.1275 current LCU per US$ of GDP | +7.9% |
| 2000 | 0.0902 current LCU per US$ of GDP | -29.2% |
| 2001 | 0.1254 current LCU per US$ of GDP | +39.0% |
| 2002 | 0.0942 current LCU per US$ of GDP | -24.9% |
| 2003 | 0.0935 current LCU per US$ of GDP | -0.7% |
| 2004 | 0.0807 current LCU per US$ of GDP | -13.7% |
| 2005 | 0.0965 current LCU per US$ of GDP | +19.7% |
| 2006 | 0.0831 current LCU per US$ of GDP | -13.9% |
| 2007 | 0.0698 current LCU per US$ of GDP | -15.9% |
| 2008 | 0.057 current LCU per US$ of GDP | -18.4% |
| 2009 | 0.0403 current LCU per US$ of GDP | -29.3% |
| 2010 | 0.0617 current LCU per US$ of GDP | +53.3% |
| 2011 | 0.0608 current LCU per US$ of GDP | -1.6% |
| 2012 | 0.0422 current LCU per US$ of GDP | -30.5% |
| 2013 | 0.0525 current LCU per US$ of GDP | +24.2% |
| 2014 | 0.0554 current LCU per US$ of GDP | +5.5% |
| 2015 | 0.0379 current LCU per US$ of GDP | -31.6% |
| 2016 | 0.0344 current LCU per US$ of GDP | -9.2% |
| 2017 | 0.0315 current LCU per US$ of GDP | -8.4% |
| 2018 | 0.0347 current LCU per US$ of GDP | +10.2% |
| 2019 | 0.0174 current LCU per US$ of GDP | -50.0% |
| 2020 | 0.0135 current LCU per US$ of GDP | -22.5% |
| 2021 | 0.0296 current LCU per US$ of GDP | +120.3% |
| 2022 | 0.0401 current LCU per US$ of GDP | +35.4% |
| 2023 | 0.0378 current LCU per US$ of GDP | -5.8% |
| 2024 | 0.0423 current LCU per US$ of GDP | +11.8% |
Marshall Islands, Republic of the compared with similar countries
- Marshall Islands, Republic of the's 0.0423 current LCU per US$ of GDP is below the median for upper middle income countries, which is 0.7836 current LCU per US$ of GDP, 5% of the median. (55 countries reporting)
- Marshall Islands, Republic of the's 0.0423 current LCU per US$ of GDP is below the median for East Asia & Pacific, which is 0.2038 current LCU per US$ of GDP, 21% of the median. (28 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.1264 current LCU per US$ of GDP | 0.1181 current LCU per US$ of GDP | 0.1337 current LCU per US$ of GDP | 3 |
| 2000s | 0.0831 current LCU per US$ of GDP | 0.0403 current LCU per US$ of GDP | 0.1254 current LCU per US$ of GDP | 10 |
| 2010s | 0.0428 current LCU per US$ of GDP | 0.0174 current LCU per US$ of GDP | 0.0617 current LCU per US$ of GDP | 10 |
| 2020s | 0.0327 current LCU per US$ of GDP | 0.0135 current LCU per US$ of GDP | 0.0423 current LCU per US$ of GDP | 5 |
Countries ranked near Marshall Islands, Republic of the
- 176 Malaysia 0.0552 current LCU per US$ of GDP compare
- 177 Cayman Islands 0.0447 current LCU per US$ of GDP compare
- 178 Ireland 0.0432 current LCU per US$ of GDP compare
- 180 Bermuda 0.0362 current LCU per US$ of GDP compare
- 181 United States 0.035 current LCU per US$ of GDP compare
- 182 Liechtenstein, Principality of 0.0296 current LCU per US$ of GDP 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 taxes less subsidies on products (current lcu), per unit of gdp in Marshall Islands, Republic of the?
- Taxes less subsidies on products (current lcu), per unit of gdp in Marshall Islands, Republic of the was 0.0423 current LCU per US$ of GDP in 2024, according to Statizoid (derived).
- What is the highest taxes less subsidies on products (current lcu), per unit of gdp recorded in Marshall Islands, Republic of the?
- The highest recorded value was 0.1337 current LCU per US$ of GDP in 1997.
- What is the lowest taxes less subsidies on products (current lcu), per unit of gdp recorded in Marshall Islands, Republic of the?
- The lowest recorded value was 0.0135 current LCU per US$ of GDP in 2020.
- How does Marshall Islands, Republic of the rank for taxes less subsidies on products (current lcu), per unit of gdp?
- Marshall Islands, Republic of the ranks 179th out of 197 countries with data for 2024.
- Is taxes less subsidies on products (current lcu), per unit of gdp rising or falling in Marshall Islands, Republic of the?
- Over the last ten years it is down 23.6%. 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 Statizoid (derived), published as part of Taxes less subsidies on products (current 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 (current LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Taxes less subsidies on products (current LCU) ÷ GDP (current US$)
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 (current 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.