Value Added (Total Manufacturing) — Value Standard Local Currency in Marshall Islands
Marshall Islands: Value Added (Total Manufacturing) — Value Standard Local Currency was 9.53 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 9.53 million SLC.
That represents a change of down 0.6% on the previous year and down 2.2% over ten years.
Over the whole period, value added (total manufacturing) — value standard local currency in Marshall Islands peaked at 11.45 million SLC in 2019 and was at its lowest, 0.0654 million SLC, in 1970.
That places Marshall Islands 226th 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 | million SLC | Change |
|---|---|---|
| 1970 | 0.0654 million SLC | — |
| 1971 | 0.0709 million SLC | +8.4% |
| 1972 | 0.0776 million SLC | +9.4% |
| 1973 | 0.0903 million SLC | +16.4% |
| 1974 | 0.1184 million SLC | +31.1% |
| 1975 | 0.1298 million SLC | +9.7% |
| 1976 | 0.1412 million SLC | +8.8% |
| 1977 | 0.1572 million SLC | +11.3% |
| 1978 | 0.1727 million SLC | +9.9% |
| 1979 | 0.1987 million SLC | +15.0% |
| 1980 | 0.2078 million SLC | +4.6% |
| 1981 | 0.2412 million SLC | +16.1% |
| 1982 | 0.2717 million SLC | +12.6% |
| 1983 | 0.325 million SLC | +19.6% |
| 1984 | 0.3502 million SLC | +7.7% |
| 1985 | 0.3421 million SLC | -2.3% |
| 1986 | 0.4368 million SLC | +27.7% |
| 1987 | 0.4834 million SLC | +10.7% |
| 1988 | 0.5595 million SLC | +15.8% |
| 1989 | 0.569 million SLC | +1.7% |
| 1990 | 0.5723 million SLC | +0.6% |
| 1991 | 0.7126 million SLC | +24.5% |
| 1992 | 0.7159 million SLC | +0.5% |
| 1993 | 0.6219 million SLC | -13.1% |
| 1994 | 1.02 million SLC | +64.7% |
| 1995 | 2.42 million SLC | +136.5% |
| 1996 | 1.53 million SLC | -36.8% |
| 1997 | 1.68 million SLC | +9.4% |
| 1998 | 2.35 million SLC | +40.2% |
| 1999 | 2.16 million SLC | -8.1% |
| 2000 | 2.73 million SLC | +26.4% |
| 2001 | 3.84 million SLC | +40.5% |
| 2002 | 4.43 million SLC | +15.4% |
| 2003 | 4.74 million SLC | +7.1% |
| 2004 | 5.56 million SLC | +17.2% |
| 2005 | 2.6 million SLC | -53.2% |
| 2006 | 3.55 million SLC | +36.7% |
| 2007 | 4.57 million SLC | +28.6% |
| 2008 | 3.23 million SLC | -29.4% |
| 2009 | 4.13 million SLC | +27.9% |
| 2010 | 7.56 million SLC | +83.1% |
| 2011 | 7.39 million SLC | -2.3% |
| 2012 | 6.77 million SLC | -8.4% |
| 2013 | 9.75 million SLC | +44.1% |
| 2014 | 11.4 million SLC | +16.9% |
| 2015 | 5.8 million SLC | -49.1% |
| 2016 | 9.16 million SLC | +57.8% |
| 2017 | 8.83 million SLC | -3.5% |
| 2018 | 8.15 million SLC | -7.7% |
| 2019 | 11.45 million SLC | +40.4% |
| 2020 | 7.9 million SLC | -30.9% |
| 2021 | 5.45 million SLC | -31.0% |
| 2022 | 9.59 million SLC | +75.9% |
| 2023 | 9.53 million SLC | -0.6% |
Marshall Islands compared with similar countries
- Marshall Islands's 9.53 million SLC is below the median for upper middle income countries, which is 109,280 million SLC, 0% of the median. (54 countries reporting)
- Marshall Islands's 9.53 million SLC is below the median for East Asia & Pacific, which is 35,640 million SLC, 0% of the median. (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 |
|---|---|---|---|
| 1995 | +136.5% | 1.02 million SLC | 2.42 million SLC |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.1222 million SLC | 0.0654 million SLC | 0.1987 million SLC | 10 |
| 1980s | 0.3787 million SLC | 0.2078 million SLC | 0.569 million SLC | 10 |
| 1990s | 1.38 million SLC | 0.5723 million SLC | 2.42 million SLC | 10 |
| 2000s | 3.94 million SLC | 2.6 million SLC | 5.56 million SLC | 10 |
| 2010s | 8.63 million SLC | 5.8 million SLC | 11.45 million SLC | 10 |
| 2020s | 8.12 million SLC | 5.45 million SLC | 9.59 million SLC | 4 |
Countries ranked near Marshall Islands
- 223 Anguilla 24.05 million SLC compare
- 224 Kiribati 20.49 million SLC compare
- 225 Cook Islands 11.15 million SLC compare
- 227 Montserrat 8.71 million SLC compare
- 228 Turks and Caicos Islands 8.63 million SLC compare
- 229 Palau 3.15 million SLC 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)
- 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 value added (total manufacturing) — value standard local currency in Marshall Islands?
- Value added (total manufacturing) — value standard local currency in Marshall Islands was 9.53 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 11.45 million SLC in 2019.
- What is the lowest value added (total manufacturing) — value standard local currency recorded in Marshall Islands?
- The lowest recorded value was 0.0654 million SLC in 1970.
- How does Marshall Islands rank for value added (total manufacturing) — value standard local currency?
- Marshall Islands ranks 226th 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 2.2%. 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. Statizoid updates them automatically from the source API.
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CSV · JSON — 54 observations, free to reuse under CC BY-NC-SA 3.0 IGO (FAO).
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).