Taxes less subsidies on products (current US$), annual growth rate in Marshall Islands
Marshall Islands: Taxes less subsidies on products (current US$), annual growth rate was 20.73 % change on previous year in 2024. ◆ Volatile
Taxes less subsidies on products (current US$), annual growth rate in Marshall Islands, 1998–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for taxes less subsidies on products (current us$), annual growth rate in Marshall Islands is 20.73 % change on previous year, measured in 2024.
Compared with earlier readings it 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 us$), annual growth rate in Marshall Islands peaked at 138.03 % change on previous year in 2021 and was at its lowest, -47.11 % change on previous year, in 2019.
Marshall Islands ranks 30th of 197 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Taxes less subsidies on products (current US$), 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% |
Marshall Islands compared with similar countries
- Marshall Islands's 20.73 % change on previous year is above the median for upper middle income countries, which is 7.9 % change on previous year, 2.6× the median. (55 countries reporting)
- Marshall Islands's 20.73 % change on previous year is above the median for East Asia & Pacific, which is 2.09 % change on previous year, 9.9× the median. (28 countries reporting)
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 Iran 22.08 % change on previous year compare
- 28 Poland 22.06 % change on previous year compare
- 29 Slovakia 20.9 % change on previous year compare
- 31 Armenia 20.64 % change on previous year compare
- 32 Senegal 20.16 % change on previous year compare
- 33 Maldives 19.63 % 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)
- 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 (current us$), annual growth rate in Marshall Islands?
- Taxes less subsidies on products (current us$), 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 us$), annual growth rate recorded in Marshall Islands?
- The highest recorded value was 138.03 % change on previous year in 2021.
- What is the lowest taxes less subsidies on products (current us$), 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 us$), annual growth rate?
- Marshall Islands ranks 30th out of 197 countries with data for 2024.
- Is taxes less subsidies on products (current us$), 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 US$), annual growth rate. Statizoid updates them automatically from the source API.
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How this figure is calculated
The year-on-year percentage change in Taxes less subsidies on products (current US$). 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 US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.