Industry (including construction), value added in Marshall Islands
Marshall Islands: Industry (including construction), value added was 38.23 million current LCU in 2024. ▲ Rising
Industry (including construction), value added in Marshall Islands, 1997–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current LCU.
Analysis
The most recent figure for industry (including construction), value added in Marshall Islands is 38.23 million current LCU, measured in 2024. That is the highest value across all 28 years on record.
The figure is up 24.0% on the previous year and up 41.0% over ten years.
Over the whole period, industry (including construction), value added in Marshall Islands peaked at 38.23 million current LCU in 2024 and was at its lowest, 10.92 million current LCU, in 1997.
That places Marshall Islands 205th out of 208 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 | 13.73 million current LCU | 10.92 million current LCU | 15.63 million current LCU | 3 |
| 2000s | 16.28 million current LCU | 11.21 million current LCU | 20.61 million current LCU | 10 |
| 2010s | 26.38 million current LCU | 20.76 million current LCU | 33.58 million current LCU | 10 |
| 2020s | 31.07 million current LCU | 24.81 million current LCU | 38.23 million current LCU | 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 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)
- 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 38.23 million current 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 38.23 million current LCU in 2024.
- What is the lowest industry (including construction), value added recorded in Marshall Islands?
- The lowest recorded value was 10.92 million current LCU in 1997.
- How does Marshall Islands rank for industry (including construction), value added?
- Marshall Islands ranks 205th out of 208 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 41.0%. 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 (current LCU). 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
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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.