Taxes less subsidies on products in Marshall Islands
Marshall Islands: Taxes less subsidies on products was 12.05 million current 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 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 189th out of 197 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 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% |
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
- 186 Micronesia (country) 44.46 million current LCU compare
- 187 Palau 40.13 million current LCU compare
- 188 Isle of Man 17.90 million current LCU compare
- 190 Tuvalu 7.48 million current LCU compare
- 191 Venezuela, Bolivarian Republic of 0 current LCU compare
- 192 Kiribati -10.45 million current 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 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 189th out of 197 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.
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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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.