Marshall Islands: GNI, Atlas method (current US$)
In , Marshall Islands's GNI, Atlas method (current US$) was 319.05 million.
That's up 3.0% from 2023, the highest value on record.
The global average for this indicator in 2024 was $569.81 billion . Marshall Islands ranks #189 globally out of 190 reporting countries. Within East Asia & Pacific, it ranks #28 of 29.
Source: World Bank Open Data (NY.GNP.ATLS.CD) • Data as of 2024
Trend (2005–2024)
- 2008 · Global financial crisis
- 2020 · COVID-19 pandemic
- 2014 · Oil price collapse
- 2022 · Russia–Ukraine war begins
Highlights
- Peak
- 319.05M
- Trough
- 184.12M
- 1-year change
- +3.0%
- 5-year change
- +7.1%
- +1.4% / yr
- 10-year change
- +40.4%
- +3.5% / yr
Historical Data — Last 10 Years
| Year | GNI, Atlas method (current US$) |
|---|---|
| 319.050M | |
| 309.717M | |
| 303.944M | |
| 277.870M | |
| 282.295M | |
| 297.949M | |
| 273.671M | |
| 247.118M | |
| 241.429M | |
| 242.923M |
About GNI, Atlas method (current US$)
Gross national income is the total income earned by all residents within an economic territory during an accounting period. It is equal to gross domestic product plus earned income receivable from abroad minus earned income payable abroad. This figure is converted to U.S. dollars using the World Bank Atlas method. GNI, calculated in national currency, is usually converted to U.S. dollars at official exchange rates for comparisons across economies, although an alternative rate is used when the official exchange rate is judged to diverge by an exceptionally large margin from the rate actually applied in international transactions. To smooth fluctuations in prices and exchange rates, a special Atlas method of conversion is used by the World Bank. This applies a conversion factor that averages the exchange rate for a given year and the two preceding years, adjusted for differences in rates of inflation between the country, and through 2000, the G-5 countries (France, Germany, Japan, the United Kingdom, and the United States). From 2001, these countries include the Euro area, Japan, the United Kingdom, and the United States. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.
Indicator code: NY.GNP.ATLS.CD • Category: Economy
Frequently asked questions
- What was Marshall Islands's GNI, Atlas method (current US$) in 2024?
- In 2024, Marshall Islands's GNI, Atlas method (current US$) was 319.05 million, according to World Bank Open Data.
- Is Marshall Islands's GNI, Atlas method (current US$) rising or falling?
- Marshall Islands's GNI, Atlas method (current US$) rose 3.0% from 2023 to 2024.
- How does Marshall Islands rank globally on GNI, Atlas method (current US$)?
- In 2024, Marshall Islands ranked #189 out of 190 countries reporting GNI, Atlas method (current US$).
- How does Marshall Islands's GNI, Atlas method (current US$) compare to the world average?
- The global average for GNI, Atlas method (current US$) in 2024 was $569.81 billion, so Marshall Islands is below the world average. Within East Asia & Pacific, it ranks #28 of 29.
- What is GNI, Atlas method (current US$) and how is it measured?
- Gross national income is the total income earned by all residents within an economic territory during an accounting period. It is equal to gross domestic product plus earned income receivable from abroad minus earned income payable abroad. This figure is converted to U.S. dollars using the World Bank Atlas method. GNI, calculated in national currency, is usually converted to U.S. dollars at official exchange rates for comparisons across economies, although an alternative rate is used when the official exchange rate is judged to diverge by an exceptionally large margin from the rate actually applied in international transactions. To smooth fluctuations in prices and exchange rates, a special Atlas method of conversion is used by the World Bank. This applies a conversion factor that averages the exchange rate for a given year and the two preceding years, adjusted for differences in rates of inflation between the country, and through 2000, the G-5 countries (France, Germany, Japan, the United Kingdom, and the United States). From 2001, these countries include the Euro area, Japan, the United Kingdom, and the United States. 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.GNP.ATLS.CD), CC BY 4.0.