Value of imported goods and services, per unit of GDP in Marshall Islands
Marshall Islands: Value of imported goods and services, per unit of GDP was 0.7039 constant 2015 US$ per US$ of GDP in 2024. ▼ Falling
Value of imported goods and services, per unit of GDP in Marshall Islands, 2004–2024
Source: Statizoid (derived). Measured in constant 2015 US$ per US$ of GDP.
Analysis
In 2024, value of imported goods and services, per unit of gdp in Marshall Islands stood at 0.7039 constant 2015 US$ per US$ of GDP.
Compared with earlier readings it is up 2.5% on the previous year and down 24.2% over ten years.
Over the whole period, value of imported goods and services, per unit of gdp in Marshall Islands peaked at 1.16 constant 2015 US$ per US$ of GDP in 2019 and was at its lowest, 0.6865 constant 2015 US$ per US$ of GDP, in 2023.
That places Marshall Islands 16th out of 170 countries with data for 2024, putting it in the top 10%.
The long-run direction has been consistently falling across the 21 years of available data.
Value of imported goods and services, per unit of GDP in Marshall Islands, year by year
| Year | constant 2015 US$ per US$ of GDP | Change |
|---|---|---|
| 2004 | 1.13 constant 2015 US$ per US$ of GDP | — |
| 2005 | 1.11 constant 2015 US$ per US$ of GDP | -1.1% |
| 2006 | 0.9846 constant 2015 US$ per US$ of GDP | -11.6% |
| 2007 | 0.9797 constant 2015 US$ per US$ of GDP | -0.5% |
| 2008 | 0.8549 constant 2015 US$ per US$ of GDP | -12.7% |
| 2009 | 1.06 constant 2015 US$ per US$ of GDP | +24.6% |
| 2010 | 1.1 constant 2015 US$ per US$ of GDP | +3.0% |
| 2011 | 0.9457 constant 2015 US$ per US$ of GDP | -13.8% |
| 2012 | 0.9184 constant 2015 US$ per US$ of GDP | -2.9% |
| 2013 | 0.9933 constant 2015 US$ per US$ of GDP | +8.2% |
| 2014 | 0.929 constant 2015 US$ per US$ of GDP | -6.5% |
| 2015 | 0.9425 constant 2015 US$ per US$ of GDP | +1.5% |
| 2016 | 0.855 constant 2015 US$ per US$ of GDP | -9.3% |
| 2017 | 0.8954 constant 2015 US$ per US$ of GDP | +4.7% |
| 2018 | 0.8915 constant 2015 US$ per US$ of GDP | -0.4% |
| 2019 | 1.16 constant 2015 US$ per US$ of GDP | +30.6% |
| 2020 | 0.7772 constant 2015 US$ per US$ of GDP | -33.2% |
| 2021 | 0.7075 constant 2015 US$ per US$ of GDP | -9.0% |
| 2022 | 0.762 constant 2015 US$ per US$ of GDP | +7.7% |
| 2023 | 0.6865 constant 2015 US$ per US$ of GDP | -9.9% |
| 2024 | 0.7039 constant 2015 US$ per US$ of GDP | +2.5% |
Marshall Islands compared with similar countries
- Marshall Islands's 0.7039 constant 2015 US$ per US$ of GDP is above the median for upper middle income countries, which is 0.3601 constant 2015 US$ per US$ of GDP, 2.0× the median. (45 countries reporting)
- Marshall Islands's 0.7039 constant 2015 US$ per US$ of GDP is above the median for East Asia & Pacific, which is 0.5345 constant 2015 US$ per US$ of GDP, 1.3× the median. (27 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1.02 constant 2015 US$ per US$ of GDP | 0.8549 constant 2015 US$ per US$ of GDP | 1.13 constant 2015 US$ per US$ of GDP | 6 |
| 2010s | 0.9631 constant 2015 US$ per US$ of GDP | 0.855 constant 2015 US$ per US$ of GDP | 1.16 constant 2015 US$ per US$ of GDP | 10 |
| 2020s | 0.7274 constant 2015 US$ per US$ of GDP | 0.6865 constant 2015 US$ per US$ of GDP | 0.7772 constant 2015 US$ per US$ of GDP | 5 |
Countries ranked near Marshall Islands
- 13 Vietnam 0.7954 constant 2015 US$ per US$ of GDP compare
- 14 Somalia 0.7514 constant 2015 US$ per US$ of GDP compare
- 15 Solomon Islands 0.7383 constant 2015 US$ per US$ of GDP compare
- 17 Namibia 0.6878 constant 2015 US$ per US$ of GDP compare
- 18 Mongolia 0.6737 constant 2015 US$ per US$ of GDP compare
- 19 East Timor 0.668 constant 2015 US$ per US$ of GDP 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 of imported goods and services, per unit of gdp in Marshall Islands?
- Value of imported goods and services, per unit of gdp in Marshall Islands was 0.7039 constant 2015 US$ per US$ of GDP in 2024, according to Statizoid (derived).
- What is the highest value of imported goods and services, per unit of gdp recorded in Marshall Islands?
- The highest recorded value was 1.16 constant 2015 US$ per US$ of GDP in 2019.
- What is the lowest value of imported goods and services, per unit of gdp recorded in Marshall Islands?
- The lowest recorded value was 0.6865 constant 2015 US$ per US$ of GDP in 2023.
- How does Marshall Islands rank for value of imported goods and services, per unit of gdp?
- Marshall Islands ranks 16th out of 170 countries with data for 2024.
- Is value of imported goods and services, per unit of gdp rising or falling in Marshall Islands?
- Over the last ten years it is down 24.2%. The long-run trend across the full record is falling.
- Where does this Marshall Islands data come from?
- The figures come from Statizoid (derived), published as part of Value of imported goods and services, per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
Value of imported goods and services divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Value of imported goods and services ÷ GDP (current US$)
Computed from
- Value of imported goods and services National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
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
Value of imported goods and services divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.