Value Added (Total Manufacturing) — Value US$ in Marshall Islands
Marshall Islands: Value Added (Total Manufacturing) — Value US$ was 9.53 million USD in 2023. ◆ Volatile
Value Added (Total Manufacturing) — Value US$ in Marshall Islands, 1970–2023
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
The most recent figure for value added (total manufacturing) — value us$ in Marshall Islands is 9.53 million USD, measured in 2023.
The figure is down 0.6% on the previous year and down 2.2% over ten years.
Over the whole period, value added (total manufacturing) — value us$ in Marshall Islands peaked at 11.45 million USD in 2019 and was at its lowest, 0.0654 million USD, in 1970.
That places Marshall Islands 229th out of 236 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 US$ in Marshall Islands, year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 0.0654 million USD | — |
| 1971 | 0.0709 million USD | +8.4% |
| 1972 | 0.0776 million USD | +9.4% |
| 1973 | 0.0903 million USD | +16.4% |
| 1974 | 0.1184 million USD | +31.1% |
| 1975 | 0.1298 million USD | +9.7% |
| 1976 | 0.1412 million USD | +8.8% |
| 1977 | 0.1572 million USD | +11.3% |
| 1978 | 0.1727 million USD | +9.9% |
| 1979 | 0.1987 million USD | +15.0% |
| 1980 | 0.2078 million USD | +4.6% |
| 1981 | 0.2412 million USD | +16.1% |
| 1982 | 0.2717 million USD | +12.6% |
| 1983 | 0.325 million USD | +19.6% |
| 1984 | 0.3502 million USD | +7.7% |
| 1985 | 0.3421 million USD | -2.3% |
| 1986 | 0.4368 million USD | +27.7% |
| 1987 | 0.4834 million USD | +10.7% |
| 1988 | 0.5595 million USD | +15.8% |
| 1989 | 0.569 million USD | +1.7% |
| 1990 | 0.5723 million USD | +0.6% |
| 1991 | 0.7126 million USD | +24.5% |
| 1992 | 0.7159 million USD | +0.5% |
| 1993 | 0.6219 million USD | -13.1% |
| 1994 | 1.02 million USD | +64.7% |
| 1995 | 2.42 million USD | +136.5% |
| 1996 | 1.53 million USD | -36.8% |
| 1997 | 1.68 million USD | +9.4% |
| 1998 | 2.35 million USD | +40.2% |
| 1999 | 2.16 million USD | -8.1% |
| 2000 | 2.73 million USD | +26.4% |
| 2001 | 3.84 million USD | +40.5% |
| 2002 | 4.43 million USD | +15.4% |
| 2003 | 4.74 million USD | +7.1% |
| 2004 | 5.56 million USD | +17.2% |
| 2005 | 2.6 million USD | -53.2% |
| 2006 | 3.55 million USD | +36.7% |
| 2007 | 4.57 million USD | +28.6% |
| 2008 | 3.23 million USD | -29.4% |
| 2009 | 4.13 million USD | +27.9% |
| 2010 | 7.56 million USD | +83.1% |
| 2011 | 7.39 million USD | -2.3% |
| 2012 | 6.77 million USD | -8.4% |
| 2013 | 9.75 million USD | +44.1% |
| 2014 | 11.4 million USD | +16.9% |
| 2015 | 5.8 million USD | -49.1% |
| 2016 | 9.16 million USD | +57.8% |
| 2017 | 8.83 million USD | -3.5% |
| 2018 | 8.15 million USD | -7.7% |
| 2019 | 11.45 million USD | +40.4% |
| 2020 | 7.9 million USD | -30.9% |
| 2021 | 5.45 million USD | -31.0% |
| 2022 | 9.59 million USD | +75.9% |
| 2023 | 9.53 million USD | -0.6% |
Marshall Islands compared with similar countries
- Marshall Islands's 9.53 million USD is below the median for upper middle income countries, which is 4,472 million USD, 0% of the median. (54 countries reporting)
- Marshall Islands's 9.53 million USD is below the median for East Asia & Pacific, which is 1,166 million USD, 1% of the median. (28 countries reporting)
Biggest year-on-year movements
Years where Value Added (Total Manufacturing) — Value US$ 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 USD | 2.42 million USD |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.1222 million USD | 0.0654 million USD | 0.1987 million USD | 10 |
| 1980s | 0.3787 million USD | 0.2078 million USD | 0.569 million USD | 10 |
| 1990s | 1.38 million USD | 0.5723 million USD | 2.42 million USD | 10 |
| 2000s | 3.94 million USD | 2.6 million USD | 5.56 million USD | 10 |
| 2010s | 8.63 million USD | 5.8 million USD | 11.45 million USD | 10 |
| 2020s | 8.12 million USD | 5.45 million USD | 9.59 million USD | 4 |
Countries ranked near Marshall Islands
- 226 Sint Maarten (Dutch part) 18.57 million USD compare
- 227 Dominica 18.43 million USD compare
- 228 Kiribati 13.61 million USD compare
- 230 Anguilla 8.91 million USD compare
- 231 Turks and Caicos Islands 8.63 million USD compare
- 232 Cook Islands 6.85 million USD 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 us$ in Marshall Islands?
- Value added (total manufacturing) — value us$ in Marshall Islands was 9.53 million USD in 2023, according to Food and Agriculture Organization of the United Nations.
- What is the highest value added (total manufacturing) — value us$ recorded in Marshall Islands?
- The highest recorded value was 11.45 million USD in 2019.
- What is the lowest value added (total manufacturing) — value us$ recorded in Marshall Islands?
- The lowest recorded value was 0.0654 million USD in 1970.
- How does Marshall Islands rank for value added (total manufacturing) — value us$?
- Marshall Islands ranks 229th out of 236 countries with data for 2023.
- Is value added (total manufacturing) — value us$ 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 US$. Statizoid updates them automatically from the source API.
Download this data
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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).