Value Added (Total Manufacturing) — Value Standard Local Currency in Marshall Islands
Marshall Islands: Value Added (Total Manufacturing) — Value Standard Local Currency was 2.6 million SLC in 2023. ◆ Volatile
Value Added (Total Manufacturing) — Value Standard Local Currency in Marshall Islands, 1970–2023
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
In 2023, value added (total manufacturing) — value standard local currency in Marshall Islands stood at 2.6 million SLC.
That represents a change of down 1.3% on the previous year and down 61.5% over ten years.
Over the whole period, value added (total manufacturing) — value standard local currency in Marshall Islands peaked at 10.12 million SLC in 2010 and was at its lowest, 0.075 million SLC, in 1970.
Marshall Islands ranks 192nd of 194 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) — Value Standard Local Currency in Marshall Islands, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 0.075 million SLC | — |
| 1971 | 0.0767 million SLC | +2.3% |
| 1972 | 0.0775 million SLC | +1.1% |
| 1973 | 0.1038 million SLC | +33.9% |
| 1974 | 0.1197 million SLC | +15.3% |
| 1975 | 0.1198 million SLC | +0.1% |
| 1976 | 0.1202 million SLC | +0.4% |
| 1977 | 0.1232 million SLC | +2.4% |
| 1978 | 0.1301 million SLC | +5.6% |
| 1979 | 0.1329 million SLC | +2.1% |
| 1980 | 0.1233 million SLC | -7.2% |
| 1981 | 0.1312 million SLC | +6.4% |
| 1982 | 0.1376 million SLC | +4.9% |
| 1983 | 0.1591 million SLC | +15.6% |
| 1984 | 0.1646 million SLC | +3.5% |
| 1985 | 0.1551 million SLC | -5.8% |
| 1986 | 0.1933 million SLC | +24.6% |
| 1987 | 0.2079 million SLC | +7.6% |
| 1988 | 0.2312 million SLC | +11.2% |
| 1989 | 0.2244 million SLC | -2.9% |
| 1990 | 0.215 million SLC | -4.2% |
| 1991 | 0.2549 million SLC | +18.6% |
| 1992 | 0.2485 million SLC | -2.5% |
| 1993 | 0.2095 million SLC | -15.7% |
| 1994 | 0.3362 million SLC | +60.4% |
| 1995 | 0.7735 million SLC | +130.1% |
| 1996 | 0.4757 million SLC | -38.5% |
| 1997 | 0.5186 million SLC | +9.0% |
| 1998 | 0.3262 million SLC | -37.1% |
| 1999 | 1.96 million SLC | +501.8% |
| 2000 | 2.65 million SLC | +35.0% |
| 2001 | 3.47 million SLC | +30.9% |
| 2002 | 3.31 million SLC | -4.6% |
| 2003 | 4.83 million SLC | +46.0% |
| 2004 | 5.58 million SLC | +15.5% |
| 2005 | 1.11 million SLC | -80.1% |
| 2006 | 2.72 million SLC | +144.8% |
| 2007 | 4.71 million SLC | +72.9% |
| 2008 | 4.37 million SLC | -7.2% |
| 2009 | 7.25 million SLC | +66.0% |
| 2010 | 10.12 million SLC | +39.6% |
| 2011 | 9.84 million SLC | -2.8% |
| 2012 | 6.52 million SLC | -33.7% |
| 2013 | 6.75 million SLC | +3.6% |
| 2014 | 8.15 million SLC | +20.7% |
| 2015 | 5.8 million SLC | -28.8% |
| 2016 | 3.8 million SLC | -34.5% |
| 2017 | 2.81 million SLC | -26.1% |
| 2018 | 3.89 million SLC | +38.5% |
| 2019 | 3.65 million SLC | -6.1% |
| 2020 | 3.59 million SLC | -1.6% |
| 2021 | 2.8 million SLC | -21.9% |
| 2022 | 2.64 million SLC | -5.9% |
| 2023 | 2.6 million SLC | -1.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.1079 million SLC | 0.075 million SLC | 0.1329 million SLC | 10 |
| 1980s | 0.1728 million SLC | 0.1233 million SLC | 0.2312 million SLC | 10 |
| 1990s | 0.5321 million SLC | 0.2095 million SLC | 1.96 million SLC | 10 |
| 2000s | 4 million SLC | 1.11 million SLC | 7.25 million SLC | 10 |
| 2010s | 6.13 million SLC | 2.81 million SLC | 10.12 million SLC | 10 |
| 2020s | 2.91 million SLC | 2.6 million SLC | 3.59 million SLC | 4 |
Countries ranked near Marshall Islands
- 189 Montserrat 8.09 million SLC compare
- 190 Cook Islands 5.9 million SLC compare
- 191 Turks and Caicos Islands 5.44 million SLC compare
- 193 Palau 2.48 million SLC compare
- 194 Tuvalu 0.0675 million SLC 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), annual growth rate 20.73 % change on previous year (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 value added (total manufacturing) — value standard local currency in Marshall Islands?
- Value added (total manufacturing) — value standard local currency in Marshall Islands was 2.6 million SLC in 2023, according to Food and Agriculture Organization of the United Nations.
- What is the highest value added (total manufacturing) — value standard local currency recorded in Marshall Islands?
- The highest recorded value was 10.12 million SLC in 2010.
- What is the lowest value added (total manufacturing) — value standard local currency recorded in Marshall Islands?
- The lowest recorded value was 0.075 million SLC in 1970.
- How does Marshall Islands rank for value added (total manufacturing) — value standard local currency?
- Marshall Islands ranks 192nd out of 194 countries with data for 2023.
- Is value added (total manufacturing) — value standard local currency rising or falling in Marshall Islands?
- Over the last ten years it is down 61.5%. 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) — Value Standard Local Currency, 2015 prices. 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).