Taxes less subsidies on products (current US$) in Marshall Islands
Marshall Islands: Taxes less subsidies on products (current US$) 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$, in 2020.
Marshall Islands ranks 190th of 199 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 28 years of available data.
Taxes less subsidies on products (current US$) 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% |
Marshall Islands compared with similar countries
- Marshall Islands's 12.05 million current US$ is below the median for upper middle income countries, which is 3.44 billion current US$, 0% of the median. (55 countries reporting)
- Marshall Islands's 12.05 million current US$ is below the median for East Asia & Pacific, which is 956.37 million current US$, 1% of the median. (28 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 14.13 million current US$ | 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
- 187 Somalia 37.94 million current US$
- 188 Solomon Islands 31.51 million current US$ compare
- 189 Isle of Man 22.25 million current US$ compare
- 191 Tuvalu 5.62 million current US$ compare
- 192 Venezuela 0 current US$ compare
- 192 Channel Islands 0 current US$
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 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 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 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.