Value Added (Total Manufacturing) — Annual growth Standard Local in Marshall Islands
Marshall Islands: Value Added (Total Manufacturing) — Annual growth Standard Local was -0.5878 % in 2023. ◆ Volatile
Value Added (Total Manufacturing) — Annual growth Standard Local in Marshall Islands, 1971–2023
Source: Food and Agriculture Organization of the United Nations. Measured in %.
Analysis
In 2023, value added (total manufacturing) — annual growth standard local in Marshall Islands stood at -0.5878 %.
Compared with earlier readings it is down 100.8% on the previous year and down 101.3% over ten years.
Over the whole period, value added (total manufacturing) — annual growth standard local in Marshall Islands peaked at 136.54 % in 1995 and was at its lowest, -53.22 %, in 2005.
Marshall Islands ranks 164th of 202 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Value Added (Total Manufacturing) — Annual growth Standard Local in Marshall Islands, year by year
| Year | % | Change |
|---|---|---|
| 1971 | 8.42 % | — |
| 1972 | 9.4 % | +11.6% |
| 1973 | 16.38 % | +74.3% |
| 1974 | 31.1 % | +89.9% |
| 1975 | 9.68 % | -68.9% |
| 1976 | 8.76 % | -9.5% |
| 1977 | 11.33 % | +29.4% |
| 1978 | 9.88 % | -12.9% |
| 1979 | 15.03 % | +52.2% |
| 1980 | 4.59 % | -69.5% |
| 1981 | 16.05 % | +250.0% |
| 1982 | 12.65 % | -21.2% |
| 1983 | 19.65 % | +55.3% |
| 1984 | 7.75 % | -60.6% |
| 1985 | -2.31 % | -129.8% |
| 1986 | 27.68 % | -1298.7% |
| 1987 | 10.65 % | -61.5% |
| 1988 | 15.75 % | +47.9% |
| 1989 | 1.7 % | -89.2% |
| 1990 | 0.5712 % | -66.3% |
| 1991 | 24.53 % | +4195.2% |
| 1992 | 0.4553 % | -98.1% |
| 1993 | -13.13 % | -2984.0% |
| 1994 | 64.66 % | -592.4% |
| 1995 | 136.54 % | +111.2% |
| 1996 | -36.78 % | -126.9% |
| 1997 | 9.44 % | -125.7% |
| 1998 | 40.24 % | +326.0% |
| 1999 | -8.09 % | -120.1% |
| 2000 | 26.39 % | -426.4% |
| 2001 | 40.48 % | +53.4% |
| 2002 | 15.38 % | -62.0% |
| 2003 | 7.13 % | -53.6% |
| 2004 | 17.21 % | +141.2% |
| 2005 | -53.22 % | -409.2% |
| 2006 | 36.67 % | -168.9% |
| 2007 | 28.61 % | -22.0% |
| 2008 | -29.36 % | -202.6% |
| 2009 | 27.92 % | -195.1% |
| 2010 | 83.07 % | +197.5% |
| 2011 | -2.26 % | -102.7% |
| 2012 | -8.41 % | +271.6% |
| 2013 | 44.06 % | -623.7% |
| 2014 | 16.93 % | -61.6% |
| 2015 | -49.09 % | -389.9% |
| 2016 | 57.76 % | -217.7% |
| 2017 | -3.51 % | -106.1% |
| 2018 | -7.68 % | +118.7% |
| 2019 | 40.37 % | -625.3% |
| 2020 | -30.94 % | -176.7% |
| 2021 | -31.03 % | +0.3% |
| 2022 | 75.87 % | -344.5% |
| 2023 | -0.5878 % | -100.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 13.33 % | 8.42 % | 31.1 % | 9 |
| 1980s | 11.41 % | -2.31 % | 27.68 % | 10 |
| 1990s | 21.84 % | -36.78 % | 136.54 % | 10 |
| 2000s | 11.72 % | -53.22 % | 40.48 % | 10 |
| 2010s | 17.12 % | -49.09 % | 83.07 % | 10 |
| 2020s | 3.33 % | -31.03 % | 75.87 % | 4 |
Countries ranked near Marshall Islands
- 161 Turkmenistan 0.129 % compare
- 162 Greenland -0.0859 % compare
- 163 Republic of Korea -0.1423 % compare
- 165 Czechoslovakia -0.5895 % compare
- 166 Israel -0.9446 % compare
- 167 El Salvador -0.9563 % 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)
- GDP per capita 6,174 constant 2015 US$ (2025)
- 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)
- 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)
- 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)
- Exports of goods and services 36.0% (2025)
Frequently asked questions
- What is value added (total manufacturing) — annual growth standard local in Marshall Islands?
- Value added (total manufacturing) — annual growth standard local in Marshall Islands was -0.5878 % in 2023, according to Food and Agriculture Organization of the United Nations.
- What is the highest value added (total manufacturing) — annual growth standard local recorded in Marshall Islands?
- The highest recorded value was 136.54 % in 1995.
- What is the lowest value added (total manufacturing) — annual growth standard local recorded in Marshall Islands?
- The lowest recorded value was -53.22 % in 2005.
- How does Marshall Islands rank for value added (total manufacturing) — annual growth standard local?
- Marshall Islands ranks 164th out of 202 countries with data for 2023.
- Is value added (total manufacturing) — annual growth standard local rising or falling in Marshall Islands?
- Over the last ten years it is down 101.3%. The long-run trend across the full record is volatile.
- Where does this Marshall Islands data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Value Added (Total Manufacturing) — Annual growth Standard Local Currency. Statizoid updates them automatically from the source API.
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About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).