Volume of remittances (in United States dollars) as a proportion of in Marshall Islands
Marshall Islands: Volume of remittances (in United States dollars) as a proportion of was 23.1% in 2024. ▲ Rising
Volume of remittances (in United States dollars) as a proportion of in Marshall Islands, 2005–2024
Source: United Nations Statistics Division, SDG Global Database.
Analysis
In 2024, volume of remittances (in united states dollars) as a proportion of in Marshall Islands stood at 23.1%. That is the highest value across all 20 years on record.
The figure is up 3.3% on the previous year and up 64.5% over ten years.
Over the whole period, volume of remittances (in united states dollars) as a proportion of in Marshall Islands peaked at 23.1% in 2024 and was at its lowest, 12.9%, in 2011.
That places Marshall Islands 11th out of 203 countries with data for 2024, putting it in the top 10%.
The long-run direction has been consistently rising across the 20 years of available data.
Volume of remittances (in United States dollars) as a proportion of in Marshall Islands, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 17.2% | — |
| 2006 | 18.2% | +5.5% |
| 2007 | 16.7% | -8.0% |
| 2008 | 15.7% | -5.8% |
| 2009 | 15.6% | -0.8% |
| 2010 | 13.8% | -11.6% |
| 2011 | 12.9% | -6.8% |
| 2012 | 12.9% | +0.1% |
| 2013 | 13.2% | +2.4% |
| 2014 | 14.0% | +6.4% |
| 2015 | 14.9% | +6.1% |
| 2016 | 14.0% | -5.6% |
| 2017 | 14.2% | +1.5% |
| 2018 | 14.3% | +0.3% |
| 2019 | 13.9% | -2.5% |
| 2020 | 13.8% | -0.7% |
| 2021 | 13.2% | -4.7% |
| 2022 | 19.9% | +51.2% |
| 2023 | 22.3% | +12.0% |
| 2024 | 23.1% | +3.3% |
Marshall Islands compared with similar countries
- Marshall Islands's 23.1% is above the median for upper middle income countries, which is 3.6%, 6.3× the median. (53 countries reporting)
- Marshall Islands's 23.1% is above the median for East Asia & Pacific, which is 3.8%, 6.1× the median. (28 countries reporting)
Biggest year-on-year movements
Years where Volume of remittances (in United States dollars) as a proportion of 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 |
|---|---|---|---|
| 2022 | +51.2% | 13.2% | 19.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 16.7% | 15.6% | 18.2% | 5 |
| 2010s | 13.8% | 12.9% | 14.9% | 10 |
| 2020s | 18.5% | 13.2% | 23.1% | 5 |
Countries ranked near Marshall Islands
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 volume of remittances (in united states dollars) as a proportion of in Marshall Islands?
- Volume of remittances (in united states dollars) as a proportion of in Marshall Islands was 23.1% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest volume of remittances (in united states dollars) as a proportion of recorded in Marshall Islands?
- The highest recorded value was 23.1% in 2024.
- What is the lowest volume of remittances (in united states dollars) as a proportion of recorded in Marshall Islands?
- The lowest recorded value was 12.9% in 2011.
- How does Marshall Islands rank for volume of remittances (in united states dollars) as a proportion of?
- Marshall Islands ranks 11th out of 203 countries with data for 2024.
- Is volume of remittances (in united states dollars) as a proportion of rising or falling in Marshall Islands?
- Over the last ten years it is up 64.5%. The long-run trend across the full record is rising.
- Where does this Marshall Islands data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Volume of remittances (in United States dollars) as a proportion of total GDP (%). Statizoid updates them automatically from the source API.
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