Gross value added at basic prices (GVA) in Marshall Islands
Marshall Islands: Gross value added at basic prices (GVA) was 211.17 million constant 2015 US$ in 2024. ▲ Rising
Gross value added at basic prices (GVA) in Marshall Islands, 1997–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant 2015 US$.
Analysis
In 2024, gross value added at basic prices (gva) in Marshall Islands stood at 211.17 million constant 2015 US$.
Compared with earlier readings it is up 2.1% on the previous year and up 22.2% over ten years.
Over the whole period, gross value added at basic prices (gva) in Marshall Islands peaked at 218.27 million constant 2015 US$ in 2019 and was at its lowest, 133.79 million constant 2015 US$, in 1999.
Marshall Islands ranks 193rd of 193 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 28 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 135.74 million constant 2015 US$ | 133.79 million constant 2015 US$ | 137.04 million constant 2015 US$ | 3 |
| 2000s | 155.39 million constant 2015 US$ | 140.28 million constant 2015 US$ | 166.79 million constant 2015 US$ | 10 |
| 2010s | 181.63 million constant 2015 US$ | 169.17 million constant 2015 US$ | 218.27 million constant 2015 US$ | 10 |
| 2020s | 212.82 million constant 2015 US$ | 206.82 million constant 2015 US$ | 217.52 million constant 2015 US$ | 5 |
Countries ranked near Marshall Islands
More economy & growth data for Marshall Islands
- Exports of goods and services 90.49 million constant 2015 US$ (2024)
- Gross national expenditure 413.62 million current US$ (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 4.2% (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)
- Gross fixed capital formation 65.14 million current LCU (2024)
- Gross fixed capital formation 65.14 million current US$ (2024)
Frequently asked questions
- What is gross value added at basic prices (gva) in Marshall Islands?
- Gross value added at basic prices (gva) in Marshall Islands was 211.17 million constant 2015 US$ in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross value added at basic prices (gva) recorded in Marshall Islands?
- The highest recorded value was 218.27 million constant 2015 US$ in 2019.
- What is the lowest gross value added at basic prices (gva) recorded in Marshall Islands?
- The lowest recorded value was 133.79 million constant 2015 US$ in 1999.
- How does Marshall Islands rank for gross value added at basic prices (gva)?
- Marshall Islands ranks 193rd out of 193 countries with data for 2024.
- Is gross value added at basic prices (gva) rising or falling in Marshall Islands?
- Over the last ten years it is up 22.2%. The long-run trend across the full record is rising.
- 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 Gross value added at basic prices (GVA) (constant 2015 US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 28 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Gross value added at basic prices reflects the price of products receivable by the producer exclusive of taxes payable on products and inclusive of subsidies receivable on products, less intermediate consumption valued at purchasers' prices. 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 is 2015. This indicator is expressed in United States dollars.