Taxes less subsidies on products (current LCU), per unit of GDP in Marshall Islands
Marshall Islands: Taxes less subsidies on products (current LCU), per unit of GDP 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, 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 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 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 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 in Marshall Islands, 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% |
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
- 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 of America 0.035 current LCU per US$ of GDP compare
- 182 Liechtenstein 0.0296 current 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)
- 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)
- General government final consumption expenditure (current LCU), per 0.5453 current LCU per US$ of GDP (2024)
- General government final consumption expenditure (current LCU), per 4,139 current LCU per person (2024)
- General government final consumption expenditure (constant 2015 US$) -4.16 % change on previous year (2024)
- General government final consumption expenditure (constant 2015 US$) 0.4135 constant 2015 US$ per US$ of GDP (2024)
Frequently asked questions
- What is taxes less subsidies on products (current lcu), per unit of gdp in Marshall Islands?
- Taxes less subsidies on products (current lcu), per unit of gdp in Marshall Islands 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?
- 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?
- The lowest recorded value was 0.0135 current LCU per US$ of GDP in 2020.
- How does Marshall Islands rank for taxes less subsidies on products (current lcu), per unit of gdp?
- Marshall Islands 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?
- 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 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.