Taxes less subsidies on products (current LCU) in Marshall Islands
Marshall Islands: Taxes less subsidies on products (current LCU) was 12.05 million current LCU in 2024. ▼ Falling
Latest (2024)
12.05 million current LCU
Change on year
up 20.7%
World rank
190th
of 199 countries
All-time high
15.35 million current LCU
in 2001
All-time low
3.25 million current LCU
in 2020
Years of data
28
1997–2024
Taxes less subsidies on products in Marshall Islands, 1997–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
Marshall Islands recorded 12.05 million current LCU for taxes less subsidies on products in 2024.
The figure is up 20.7% on the previous year and up 17.0% over ten years.
Over the whole period, taxes less subsidies on products in Marshall Islands peaked at 15.35 million current LCU in 2001 and was at its lowest, 3.25 million current LCU, in 2020.
That places Marshall Islands 190th out of 199 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 28 years of available data.
Taxes less subsidies on products (current LCU) in Marshall Islands, year by year
| Year | current LCU | Change |
|---|---|---|
| 1997 | 14.69 million current LCU | — |
| 1998 | 13.24 million current LCU | -9.9% |
| 1999 | 14.45 million current LCU | +9.2% |
| 2000 | 10.36 million current LCU | -28.3% |
| 2001 | 15.35 million current LCU | +48.1% |
| 2002 | 12.42 million current LCU | -19.0% |
| 2003 | 12.25 million current LCU | -1.4% |
| 2004 | 10.72 million current LCU | -12.5% |
| 2005 | 13.32 million current LCU | +24.3% |
| 2006 | 11.90 million current LCU | -10.7% |
| 2007 | 10.51 million current LCU | -11.6% |
| 2008 | 8.35 million current LCU | -20.5% |
| 2009 | 6.09 million current LCU | -27.1% |
| 2010 | 9.95 million current LCU | +63.3% |
| 2011 | 10.47 million current LCU | +5.3% |
| 2012 | 7.63 million current LCU | -27.1% |
| 2013 | 9.78 million current LCU | +28.1% |
| 2014 | 10.30 million current LCU | +5.3% |
| 2015 | 6.95 million current LCU | -32.5% |
| 2016 | 6.94 million current LCU | -0.2% |
| 2017 | 6.73 million current LCU | -2.9% |
| 2018 | 7.64 million current LCU | +13.5% |
| 2019 | 4.04 million current LCU | -47.1% |
| 2020 | 3.25 million current LCU | -19.5% |
| 2021 | 7.74 million current LCU | +138.0% |
| 2022 | 10.38 million current LCU | +34.1% |
| 2023 | 9.98 million current LCU | -3.9% |
| 2024 | 12.05 million current LCU | +20.7% |
Marshall Islands compared with similar countries
- Marshall Islands's 12.05 million current LCU is below the median for upper middle income countries, which is 48.82 billion current LCU, 0% of the median. (55 countries reporting)
- Marshall Islands's 12.05 million current LCU is below the median for East Asia & Pacific, which is 20.94 billion current LCU, 0% of the median. (28 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 14.13 million current LCU | 13.24 million current LCU | 14.69 million current LCU | 3 |
| 2000s | 11.13 million current LCU | 6.09 million current LCU | 15.35 million current LCU | 10 |
| 2010s | 8.04 million current LCU | 4.04 million current LCU | 10.47 million current LCU | 10 |
| 2020s | 8.68 million current LCU | 3.25 million current LCU | 12.05 million current LCU | 5 |
Countries ranked near Marshall Islands
- 187 Micronesia (country) 44.46 million current LCU compare
- 188 Palau 40.13 million current LCU compare
- 189 Isle of Man 17.90 million current LCU compare
- 191 Tuvalu 7.48 million current LCU compare
- 192 Venezuela 0 current LCU compare
- 192 Channel Islands 0 current LCU
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)
- 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)
- IMF holdings of currency, US dollar, per unit of GDP 0.0202 units per US$ of GDP (2025)
Frequently asked questions
- What is taxes less subsidies on products in Marshall Islands?
- Taxes less subsidies on products in Marshall Islands was 12.05 million current 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 15.35 million current LCU in 2001.
- What is the lowest taxes less subsidies on products recorded in Marshall Islands?
- The lowest recorded value was 3.25 million current LCU in 2020.
- How does Marshall Islands rank for taxes less subsidies on products?
- Marshall Islands ranks 190th out of 199 countries with data for 2024.
- Is taxes less subsidies on products rising or falling in Marshall Islands?
- Over the last ten years it is up 17.0%. 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 (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 28 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Taxes less subsidies on products are taxes payable per unit of a good or service. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.