Marshall Islands: GDP (current US$)
In , Marshall Islands's GDP (current US$) was 290.11 million.
That's up 10.0% from 2023, the highest value on record.
The global average for this indicator in 2024 was $572.20 billion . Marshall Islands ranks #191 globally out of 192 reporting countries. Within East Asia & Pacific, it ranks #29 of 30.
Source: World Bank Open Data (NY.GDP.MKTP.CD) • Data as of 2024
Trend (2005–2024)
- 2008 · Global financial crisis
- 2020 · COVID-19 pandemic
- 2014 · Oil price collapse
- 2022 · Russia–Ukraine war begins
Highlights
- Peak
- 290.11M
- Trough
- 138.00M
- 1-year change
- +10.0%
- 5-year change
- +24.6%
- +4.5% / yr
- 10-year change
- +56.0%
- +4.5% / yr
Real vs nominal growth
Over the last 10 years, Marshall Islands's nominal GDP (current US$) changed by +56.0%, while real (inflation-adjusted) GDP (constant 2015 US$) changed by +21.0%. The +35.0 percentage-point gap is the combined effect of inflation and currency movement — only the real series isolates underlying economic growth.
Historical Data — Last 10 Years
| Year | GDP (current US$) |
|---|---|
| 290.108M | |
| 263.761M | |
| 258.724M | |
| 261.246M | |
| 241.800M | |
| 232.900M | |
| 220.000M | |
| 213.700M | |
| 201.800M | |
| 183.700M |
About GDP (current US$)
Gross domestic product is the total income earned through the production of goods and services in an economic territory during an accounting period. It can be measured in three different ways: using either the expenditure approach, the income approach, or the production approach. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.
Indicator code: NY.GDP.MKTP.CD • Category: Economy
Frequently asked questions
- What was Marshall Islands's GDP (current US$) in 2024?
- In 2024, Marshall Islands's GDP (current US$) was 290.11 million, according to World Bank Open Data.
- Is Marshall Islands's GDP (current US$) rising or falling?
- Marshall Islands's GDP (current US$) rose 10.0% from 2023 to 2024.
- How does Marshall Islands rank globally on GDP (current US$)?
- In 2024, Marshall Islands ranked #191 out of 192 countries reporting GDP (current US$).
- How does Marshall Islands's GDP (current US$) compare to the world average?
- The global average for GDP (current US$) in 2024 was $572.20 billion, so Marshall Islands is below the world average. Within East Asia & Pacific, it ranks #29 of 30.
- What is GDP (current US$) 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 current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.
Source: World Bank Open Data (NY.GDP.MKTP.CD), CC BY 4.0.