Taxes less subsidies on products in Marshall Islands
Marshall Islands: Taxes less subsidies on products was 12.05 million current US$ 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 US$.
Analysis
The most recent figure for taxes less subsidies on products in Marshall Islands is 12.05 million current US$, measured in 2024.
Compared with earlier readings it 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 US$ in 2001 and was at its lowest, 3.25 million current US$, in 2020.
Marshall Islands ranks 189th of 197 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 28 years of available data.
Taxes less subsidies on products in Marshall Islands, year by year
| Year | current US$ | Change |
|---|---|---|
| 1997 | 14.69 million current US$ | — |
| 1998 | 13.24 million current US$ | -9.9% |
| 1999 | 14.45 million current US$ | +9.2% |
| 2000 | 10.36 million current US$ | -28.3% |
| 2001 | 15.35 million current US$ | +48.1% |
| 2002 | 12.42 million current US$ | -19.0% |
| 2003 | 12.25 million current US$ | -1.4% |
| 2004 | 10.72 million current US$ | -12.5% |
| 2005 | 13.32 million current US$ | +24.3% |
| 2006 | 11.90 million current US$ | -10.7% |
| 2007 | 10.51 million current US$ | -11.6% |
| 2008 | 8.35 million current US$ | -20.5% |
| 2009 | 6.09 million current US$ | -27.1% |
| 2010 | 9.95 million current US$ | +63.3% |
| 2011 | 10.47 million current US$ | +5.3% |
| 2012 | 7.63 million current US$ | -27.1% |
| 2013 | 9.78 million current US$ | +28.1% |
| 2014 | 10.30 million current US$ | +5.3% |
| 2015 | 6.95 million current US$ | -32.5% |
| 2016 | 6.94 million current US$ | -0.2% |
| 2017 | 6.73 million current US$ | -2.9% |
| 2018 | 7.64 million current US$ | +13.5% |
| 2019 | 4.04 million current US$ | -47.1% |
| 2020 | 3.25 million current US$ | -19.5% |
| 2021 | 7.74 million current US$ | +138.0% |
| 2022 | 10.38 million current US$ | +34.1% |
| 2023 | 9.98 million current US$ | -3.9% |
| 2024 | 12.05 million current US$ | +20.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 14.13 million current US$ | 13.24 million current US$ | 14.69 million current US$ | 3 |
| 2000s | 11.13 million current US$ | 6.09 million current US$ | 15.35 million current US$ | 10 |
| 2010s | 8.04 million current US$ | 4.04 million current US$ | 10.47 million current US$ | 10 |
| 2020s | 8.68 million current US$ | 3.25 million current US$ | 12.05 million current US$ | 5 |
Countries ranked near Marshall Islands
- 186 Somalia 37.94 million current US$
- 187 Solomon Islands 31.51 million current US$ compare
- 188 Isle of Man 22.25 million current US$ compare
- 190 Tuvalu 5.62 million current US$ compare
- 191 Venezuela, Bolivarian Republic of 0 current US$ compare
- 192 Kiribati -6.90 million current US$ 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)
- Taxes less subsidies on products (current LCU), per unit of GDP 0.0423 current LCU per US$ of GDP (2024)
- Gdp worldbank constant usd, annual growth rate 2.28 % change on previous year (2025)
- Gdp worldbank constant usd, per unit of GDP 0.7273 units per US$ of GDP (2025)
- Gdp worldbank constant usd, per capita 6,174 units per person (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)
- External balance on goods and services as a percent of gdp -43.83 (2025)
- Taxes less subsidies on products (current LCU), per capita 321 current LCU per person (2024)
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 US$ 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 US$ in 2001.
- What is the lowest taxes less subsidies on products recorded in Marshall Islands?
- The lowest recorded value was 3.25 million current US$ 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 US$). 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 indicator is expressed in United States dollars.