What was Marshall Islands's GDP (constant 2015 US$) in 2024?

In 2024, Marshall Islands's GDP (constant 2015 US$) was 218.19 million, according to World Bank Open Data.

Is Marshall Islands's GDP (constant 2015 US$) rising or falling?

Marshall Islands's GDP (constant 2015 US$) rose 2.5% from 2023 to 2024.

How does Marshall Islands rank globally on GDP (constant 2015 US$)?

In 2024, Marshall Islands ranked #191 out of 192 countries reporting GDP (constant 2015 US$).

How does Marshall Islands's GDP (constant 2015 US$) compare to the world average?

The global average for GDP (constant 2015 US$) in 2024 was $497.78 billion, so Marshall Islands is below the world average. Within East Asia & Pacific, it ranks #28 of 29.

Marshall Islands: GDP (constant 2015 US$)

Name: Marshall Islands: GDP (constant 2015 US$)
Creator: World Bank
License: https://datacatalog.worldbank.org/public-licenses#cc-by

In 2024, Marshall Islands's GDP (constant 2015 US$) was 218.19 million.

That's up 2.5% from 2023, the highest value since 2022.

The global average for this indicator in 2024 was $497.78 billion . Marshall Islands ranks #191 globally out of 192 reporting countries. Within East Asia & Pacific, it ranks #28 of 29.

Source: World Bank Open Data (NY.GDP.MKTP.KD) • Data as of 2024

Trend (2005–2024)

2008 · Global financial crisis
2020 · COVID-19 pandemic
2014 · Oil price collapse
2022 · Russia–Ukraine war begins

Highlights

Peak: 227.20M; 2019
Trough: 163.70M; 2008
1-year change: +2.5%
5-year change: -4.0%; -0.8% / yr
10-year change: +21.0%; +1.9% / yr

Historical Data — Last 10 Years

Year	GDP (constant 2015 US$)
2024	218.193M
2023	212.867M
2022	224.089M
2021	225.670M
2020	220.900M
2019	227.200M
2018	205.700M
2017	195.000M
2016	188.300M
2015	183.700M

About GDP (constant 2015 US$)

Gross domestic product is the total income earned through the production of goods and services in an economic territory during an accounting period. It can be measured in three different ways: using either the expenditure approach, the income approach, or the production approach. 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.

Indicator code: NY.GDP.MKTP.KD • Category: Economy

How to read GDP figures: GDP (Gross Domestic Product) is measured in current US dollars, which means values change both due to real economic growth and currency fluctuations. A more useful comparison across countries is GDP per capita, which divides GDP by population. For growth trends, check GDP growth (annual %).

Frequently asked questions

What was Marshall Islands's GDP (constant 2015 US$) in 2024?: In 2024, Marshall Islands's GDP (constant 2015 US$) was 218.19 million, according to World Bank Open Data.
Is Marshall Islands's GDP (constant 2015 US$) rising or falling?: Marshall Islands's GDP (constant 2015 US$) rose 2.5% from 2023 to 2024.
How does Marshall Islands rank globally on GDP (constant 2015 US$)?: In 2024, Marshall Islands ranked #191 out of 192 countries reporting GDP (constant 2015 US$).
How does Marshall Islands's GDP (constant 2015 US$) compare to the world average?: The global average for GDP (constant 2015 US$) in 2024 was $497.78 billion, so Marshall Islands is below the world average. Within East Asia & Pacific, it ranks #28 of 29.
What is GDP (constant 2015 US$) and how is it measured?: Gross domestic product is the total income earned through the production of goods and services in an economic territory during an accounting period. It can be measured in three different ways: using either the expenditure approach, the income approach, or the production approach. 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.

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Source: World Bank Open Data (NY.GDP.MKTP.KD), CC BY 4.0.