Gross value added at basic prices (GVA) in Marshall Islands
Marshall Islands: Gross value added at basic prices (GVA) was 278.06 million current US$ in 2024. ▲ Rising
Gross value added at basic prices (GVA) in Marshall Islands, 1997–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
The most recent figure for gross value added at basic prices (gva) in Marshall Islands is 278.06 million current US$, measured in 2024. That is the highest value across all 28 years on record.
The figure is up 9.6% on the previous year and up 58.2% over ten years.
Over the whole period, gross value added at basic prices (gva) in Marshall Islands peaked at 278.06 million current US$ in 2024 and was at its lowest, 95.19 million current US$, in 1997.
Marshall Islands ranks 204th of 206 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 28 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 97.64 million current US$ | 95.19 million current US$ | 98.90 million current US$ | 3 |
| 2000s | 125.14 million current US$ | 104.48 million current US$ | 145.14 million current US$ | 10 |
| 2010s | 185.81 million current US$ | 151.11 million current US$ | 228.85 million current US$ | 10 |
| 2020s | 254.44 million current US$ | 238.53 million current US$ | 278.06 million current 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 278.06 million current US$ in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross value added at basic prices (gva) recorded in Marshall Islands?
- The highest recorded value was 278.06 million current US$ in 2024.
- What is the lowest gross value added at basic prices (gva) recorded in Marshall Islands?
- The lowest recorded value was 95.19 million current US$ in 1997.
- How does Marshall Islands rank for gross value added at basic prices (gva)?
- Marshall Islands ranks 204th out of 206 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 58.2%. 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 Offices (NSOs), published as part of Gross value added at basic prices (GVA) (current 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 current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.