Industry (including construction), value added in Marshall Islands
Marshall Islands: Industry (including construction), value added was 28.56 million constant LCU in 2024. ▲ Rising
Industry (including construction), value added in Marshall Islands, 1997–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant LCU.
Analysis
The most recent figure for industry (including construction), value added in Marshall Islands is 28.56 million constant LCU, measured in 2024.
Compared with earlier readings it is up 4.2% on the previous year and up 18.7% over ten years.
Over the whole period, industry (including construction), value added in Marshall Islands peaked at 30.05 million constant LCU in 2010 and was at its lowest, 16.66 million constant LCU, in 1997.
That places Marshall Islands 197th out of 199 countries with data for 2024, putting it 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 | 19.54 million constant LCU | 16.66 million constant LCU | 21.55 million constant LCU | 3 |
| 2000s | 25.05 million constant LCU | 21.48 million constant LCU | 29.48 million constant LCU | 10 |
| 2010s | 23.77 million constant LCU | 20.07 million constant LCU | 30.05 million constant LCU | 10 |
| 2020s | 25.83 million constant LCU | 23.63 million constant LCU | 28.56 million constant LCU | 5 |
Countries ranked near Marshall Islands
- 194 Sint Maarten (Dutch part) 139.60 million constant LCU compare
- 195 East Timor 115.48 million constant LCU compare
- 196 Kiribati 47.82 million constant LCU compare
- 198 Palau 27.24 million constant LCU compare
- 199 Micronesia (country) 11.00 million constant LCU compare
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 industry (including construction), value added in Marshall Islands?
- Industry (including construction), value added in Marshall Islands was 28.56 million constant LCU in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest industry (including construction), value added recorded in Marshall Islands?
- The highest recorded value was 30.05 million constant LCU in 2010.
- What is the lowest industry (including construction), value added recorded in Marshall Islands?
- The lowest recorded value was 16.66 million constant LCU in 1997.
- How does Marshall Islands rank for industry (including construction), value added?
- Marshall Islands ranks 197th out of 199 countries with data for 2024.
- Is industry (including construction), value added rising or falling in Marshall Islands?
- Over the last ten years it is up 18.7%. 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 Industry (including construction), value added (constant LCU). Statizoid updates them automatically from the source API.
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About this data
Industry (including construction) corresponds to ISIC (Rev.4) divisions 05-43. It is comprised of mining, manufacturing, construction, electricity, water, and gas industries. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. 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.