Value Added (Total Manufacturing) — Value Standard Local Currency in Marshall Islands
Marshall Islands: Value Added (Total Manufacturing) — Value Standard Local Currency was -0.5878 % change on previous year in 2023. ◆ Volatile
Value Added (Total Manufacturing) — Value Standard Local Currency in Marshall Islands, 1971–2023
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2023, value added (total manufacturing) — value standard local currency in Marshall Islands stood at -0.5878 % change on previous year.
That represents a change of down 100.8% on the previous year and down 101.3% over ten years.
Over the whole period, value added (total manufacturing) — value standard local currency in Marshall Islands peaked at 136.54 % change on previous year in 1995 and was at its lowest, -53.22 % change on previous year, in 2005.
That places Marshall Islands 188th out of 231 countries with data for 2023, putting it 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 | % change on previous year | Change |
|---|---|---|
| 1971 | 8.42 % change on previous year | — |
| 1972 | 9.4 % change on previous year | +11.6% |
| 1973 | 16.38 % change on previous year | +74.3% |
| 1974 | 31.1 % change on previous year | +89.9% |
| 1975 | 9.68 % change on previous year | -68.9% |
| 1976 | 8.76 % change on previous year | -9.5% |
| 1977 | 11.33 % change on previous year | +29.4% |
| 1978 | 9.88 % change on previous year | -12.9% |
| 1979 | 15.03 % change on previous year | +52.2% |
| 1980 | 4.59 % change on previous year | -69.5% |
| 1981 | 16.05 % change on previous year | +250.0% |
| 1982 | 12.65 % change on previous year | -21.2% |
| 1983 | 19.65 % change on previous year | +55.3% |
| 1984 | 7.75 % change on previous year | -60.6% |
| 1985 | -2.31 % change on previous year | -129.8% |
| 1986 | 27.68 % change on previous year | -1298.7% |
| 1987 | 10.65 % change on previous year | -61.5% |
| 1988 | 15.75 % change on previous year | +47.9% |
| 1989 | 1.7 % change on previous year | -89.2% |
| 1990 | 0.5712 % change on previous year | -66.3% |
| 1991 | 24.53 % change on previous year | +4195.2% |
| 1992 | 0.4553 % change on previous year | -98.1% |
| 1993 | -13.13 % change on previous year | -2984.0% |
| 1994 | 64.66 % change on previous year | -592.4% |
| 1995 | 136.54 % change on previous year | +111.2% |
| 1996 | -36.78 % change on previous year | -126.9% |
| 1997 | 9.44 % change on previous year | -125.7% |
| 1998 | 40.24 % change on previous year | +326.0% |
| 1999 | -8.09 % change on previous year | -120.1% |
| 2000 | 26.39 % change on previous year | -426.4% |
| 2001 | 40.48 % change on previous year | +53.4% |
| 2002 | 15.38 % change on previous year | -62.0% |
| 2003 | 7.14 % change on previous year | -53.6% |
| 2004 | 17.21 % change on previous year | +141.2% |
| 2005 | -53.22 % change on previous year | -409.2% |
| 2006 | 36.67 % change on previous year | -168.9% |
| 2007 | 28.61 % change on previous year | -22.0% |
| 2008 | -29.36 % change on previous year | -202.6% |
| 2009 | 27.92 % change on previous year | -195.1% |
| 2010 | 83.07 % change on previous year | +197.5% |
| 2011 | -2.26 % change on previous year | -102.7% |
| 2012 | -8.41 % change on previous year | +271.6% |
| 2013 | 44.06 % change on previous year | -623.7% |
| 2014 | 16.93 % change on previous year | -61.6% |
| 2015 | -49.09 % change on previous year | -389.9% |
| 2016 | 57.76 % change on previous year | -217.7% |
| 2017 | -3.51 % change on previous year | -106.1% |
| 2018 | -7.68 % change on previous year | +118.7% |
| 2019 | 40.37 % change on previous year | -625.3% |
| 2020 | -30.94 % change on previous year | -176.7% |
| 2021 | -31.03 % change on previous year | +0.3% |
| 2022 | 75.87 % change on previous year | -344.5% |
| 2023 | -0.5878 % change on previous year | -100.8% |
Marshall Islands compared with similar countries
- Marshall Islands's -0.5878 % change on previous year is below the median for upper middle income countries, which is 5.07 % change on previous year. (54 countries reporting)
- Marshall Islands's -0.5878 % change on previous year is below the median for East Asia & Pacific, which is 6.83 % change on previous year. (28 countries reporting)
Biggest year-on-year movements
Years where Value Added (Total Manufacturing) — Value Standard Local Currency in Marshall Islands changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1991 | +4195.2% | 0.5712 % change on previous year | 24.53 % change on previous year |
| 1993 | -2984.0% | 0.4553 % change on previous year | -13.13 % change on previous year |
| 1986 | +1298.7% | -2.31 % change on previous year | 27.68 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 13.33 % change on previous year | 8.42 % change on previous year | 31.1 % change on previous year | 9 |
| 1980s | 11.41 % change on previous year | -2.31 % change on previous year | 27.68 % change on previous year | 10 |
| 1990s | 21.84 % change on previous year | -36.78 % change on previous year | 136.54 % change on previous year | 10 |
| 2000s | 11.72 % change on previous year | -53.22 % change on previous year | 40.48 % change on previous year | 10 |
| 2010s | 17.12 % change on previous year | -49.09 % change on previous year | 83.07 % change on previous year | 10 |
| 2020s | 3.33 % change on previous year | -31.03 % change on previous year | 75.87 % change on previous year | 4 |
Countries ranked near Marshall Islands
- 185 Turkmenistan 0.129 % change on previous year compare
- 186 Greenland -0.0858 % change on previous year compare
- 187 Republic of Korea -0.1424 % change on previous year compare
- 189 Czechoslovakia -0.5895 % change on previous year compare
- 190 Israel -0.9447 % change on previous year compare
- 191 El Salvador -0.9563 % change on previous year 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)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 13.36 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 46.01 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0469 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 355.78 BoP, current US$ per person (2024)
- General government final consumption expenditure (current US$) 2.99 % change on previous year (2024)
- General government final consumption expenditure (current US$), per 0.5453 current US$ per US$ of GDP (2024)
- General government final consumption expenditure (current US$), per 4,139 current US$ per person (2024)
- General government final consumption expenditure (current LCU) 2.99 % change on previous year (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 -0.5878 % change on previous year in 2023, according to Statizoid (derived).
- What is the highest value added (total manufacturing) — value standard local currency recorded in Marshall Islands?
- The highest recorded value was 136.54 % change on previous year in 1995.
- What is the lowest value added (total manufacturing) — value standard local currency recorded in Marshall Islands?
- The lowest recorded value was -53.22 % change on previous year in 2005.
- How does Marshall Islands rank for value added (total manufacturing) — value standard local currency?
- Marshall Islands ranks 188th out of 231 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 101.3%. 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 Value Added (Total Manufacturing) — Value Standard Local Currency, annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 53 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Value Added (Total Manufacturing) — Value Standard Local Currency. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Value Added (Total Manufacturing) — Value Standard Local Currency Food and Agriculture Organization of the United Nations
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
The year-on-year percentage change in Value Added (Total Manufacturing) — Value Standard Local Currency. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.