External balance on goods and services in Marshall Islands
Marshall Islands: External balance on goods and services was -110.12 million constant LCU in 2024. ▬ Flat
External balance on goods and services in Marshall Islands, 2015–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant LCU.
Analysis
In 2024, external balance on goods and services in Marshall Islands stood at -110.12 million constant LCU.
The figure is down 4.9% on the previous year and down 19.9% over ten years.
Over the whole period, external balance on goods and services in Marshall Islands peaked at -88.59 million constant LCU in 2021 and was at its lowest, -188.46 million constant LCU, in 2019.
That places Marshall Islands 62nd out of 161 countries with data for 2024, putting it in the middle of the range.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | -125.02 million constant LCU | -188.46 million constant LCU | -91.86 million constant LCU | 5 |
| 2020s | -106.40 million constant LCU | -119.08 million constant LCU | -88.59 million constant LCU | 5 |
Countries ranked near Marshall Islands
More economy & growth data for Marshall Islands
- Exports of goods and services 18.7% (2024)
- Gross national expenditure 413.62 million current LCU (2024)
- Gross national expenditure 326.93 million constant 2015 US$ (2024)
- Industry (including construction), value added 28.56 million constant LCU (2024)
- Gross national expenditure 145.1% (2024)
- Exports of goods and services 111.00 million current US$ (2025)
- Exports of goods and services 111.00 million current LCU (2025)
- Exports of goods and services 90.49 million constant 2015 US$ (2024)
- Gross fixed capital formation 60.68 million constant 2015 US$ (2024)
- Gross fixed capital formation 65.14 million current LCU (2024)
Frequently asked questions
- What is external balance on goods and services in Marshall Islands?
- External balance on goods and services in Marshall Islands was -110.12 million constant LCU in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest external balance on goods and services recorded in Marshall Islands?
- The highest recorded value was -88.59 million constant LCU in 2021.
- What is the lowest external balance on goods and services recorded in Marshall Islands?
- The lowest recorded value was -188.46 million constant LCU in 2019.
- How does Marshall Islands rank for external balance on goods and services?
- Marshall Islands ranks 62nd out of 161 countries with data for 2024.
- Is external balance on goods and services rising or falling in Marshall Islands?
- Over the last ten years it is down 19.9%. The long-run trend across the full record is flat.
- Where does this Marshall Islands data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of External balance on goods and services (constant LCU). Statizoid updates them automatically from the source API.
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About this data
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.