Taxes less subsidies on products (current US$), per unit of GDP (unit) in Marshall Islands
Marshall Islands: Taxes less subsidies on products (current US$), per unit of GDP (unit) was 0.0423 current US$ per US$ of GDP in 2024. ◆ Volatile
Taxes less subsidies on products (current US$), per unit of GDP in Marshall Islands, 1997–2024
Source: Statizoid (derived). Measured in current US$ per US$ of GDP.
Analysis
The most recent figure for taxes less subsidies on products (current us$), per unit of gdp in Marshall Islands is 0.0423 current US$ per US$ of GDP, measured in 2024.
That represents a change of up 11.8% on the previous year and down 23.6% over ten years.
Over the whole period, taxes less subsidies on products (current us$), per unit of gdp in Marshall Islands peaked at 0.1337 current US$ per US$ of GDP in 1997 and was at its lowest, 0.0135 current US$ per US$ of GDP, in 2020.
Marshall Islands ranks 154th of 197 countries on this measure, 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 US$), per unit of GDP (unit) in Marshall Islands, year by year
| Year | current US$ per US$ of GDP | Change |
|---|---|---|
| 1997 | 0.1337 current US$ per US$ of GDP | — |
| 1998 | 0.1181 current US$ per US$ of GDP | -11.7% |
| 1999 | 0.1275 current US$ per US$ of GDP | +7.9% |
| 2000 | 0.0902 current US$ per US$ of GDP | -29.2% |
| 2001 | 0.1254 current US$ per US$ of GDP | +39.0% |
| 2002 | 0.0942 current US$ per US$ of GDP | -24.9% |
| 2003 | 0.0935 current US$ per US$ of GDP | -0.7% |
| 2004 | 0.0807 current US$ per US$ of GDP | -13.7% |
| 2005 | 0.0965 current US$ per US$ of GDP | +19.7% |
| 2006 | 0.0831 current US$ per US$ of GDP | -13.9% |
| 2007 | 0.0698 current US$ per US$ of GDP | -15.9% |
| 2008 | 0.057 current US$ per US$ of GDP | -18.4% |
| 2009 | 0.0403 current US$ per US$ of GDP | -29.3% |
| 2010 | 0.0617 current US$ per US$ of GDP | +53.3% |
| 2011 | 0.0608 current US$ per US$ of GDP | -1.6% |
| 2012 | 0.0422 current US$ per US$ of GDP | -30.5% |
| 2013 | 0.0525 current US$ per US$ of GDP | +24.2% |
| 2014 | 0.0554 current US$ per US$ of GDP | +5.5% |
| 2015 | 0.0379 current US$ per US$ of GDP | -31.6% |
| 2016 | 0.0344 current US$ per US$ of GDP | -9.2% |
| 2017 | 0.0315 current US$ per US$ of GDP | -8.4% |
| 2018 | 0.0347 current US$ per US$ of GDP | +10.2% |
| 2019 | 0.0174 current US$ per US$ of GDP | -50.0% |
| 2020 | 0.0135 current US$ per US$ of GDP | -22.5% |
| 2021 | 0.0296 current US$ per US$ of GDP | +120.3% |
| 2022 | 0.0401 current US$ per US$ of GDP | +35.4% |
| 2023 | 0.0378 current US$ per US$ of GDP | -5.8% |
| 2024 | 0.0423 current US$ per US$ of GDP | +11.8% |
Marshall Islands compared with similar countries
- Marshall Islands's 0.0423 current US$ per US$ of GDP is below the median for upper middle income countries, which is 0.1134 current US$ per US$ of GDP, 37% of the median. (55 countries reporting)
- Marshall Islands's 0.0423 current US$ per US$ of GDP is below the median for East Asia & Pacific, which is 0.0669 current US$ per US$ of GDP, 63% of the median. (28 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.1264 current US$ per US$ of GDP | 0.1181 current US$ per US$ of GDP | 0.1337 current US$ per US$ of GDP | 3 |
| 2000s | 0.0831 current US$ per US$ of GDP | 0.0403 current US$ per US$ of GDP | 0.1254 current US$ per US$ of GDP | 10 |
| 2010s | 0.0428 current US$ per US$ of GDP | 0.0174 current US$ per US$ of GDP | 0.0617 current US$ per US$ of GDP | 10 |
| 2020s | 0.0327 current US$ per US$ of GDP | 0.0135 current US$ per US$ of GDP | 0.0423 current US$ per US$ of GDP | 5 |
Countries ranked near Marshall Islands
- 151 Papua New Guinea 0.0448 current US$ per US$ of GDP compare
- 152 Uzbekistan 0.0441 current US$ per US$ of GDP compare
- 153 Indonesia 0.0425 current US$ per US$ of GDP compare
- 155 Bahrain 0.0423 current US$ per US$ of GDP compare
- 156 Egypt 0.0408 current US$ per US$ of GDP compare
- 157 Greenland 0.0401 current US$ per US$ of GDP compare
More economy & growth data for Marshall Islands
- 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 us$), per unit of gdp in Marshall Islands?
- Taxes less subsidies on products (current us$), per unit of gdp in Marshall Islands was 0.0423 current US$ per US$ of GDP in 2024, according to Statizoid (derived).
- What is the highest taxes less subsidies on products (current us$), per unit of gdp recorded in Marshall Islands?
- The highest recorded value was 0.1337 current US$ per US$ of GDP in 1997.
- What is the lowest taxes less subsidies on products (current us$), per unit of gdp recorded in Marshall Islands?
- The lowest recorded value was 0.0135 current US$ per US$ of GDP in 2020.
- How does Marshall Islands rank for taxes less subsidies on products (current us$), per unit of gdp?
- Marshall Islands ranks 154th out of 197 countries with data for 2024.
- Is taxes less subsidies on products (current us$), 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 US$), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
Taxes less subsidies on products (current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Taxes less subsidies on products (current US$) ÷ GDP (current US$)
Computed from
- Taxes less subsidies on products Country official statistics, National Statistical Organizations and/or Central Banks
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Taxes less subsidies on products (current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.