Marshall Islands Economic Statistics and Indicators

31, Oct 2020, EDT. Welcome to the Marshall Islands economic statistics pages provided by the beta version of EconomyWatch.com's Econ Stats database.

Economic Indicators For: Marshall Islands › Change country
National or Regional Currency: US Dollar, US$
Year of data: 2015 › Change year
Number of Indicators Listed: 27
Full Dataset: From Year 1980 to 2019
Date of Last Update: 17th March 2015
Population: 70,983 (July 2014 est.)
Area: total: 181 sq km ; land: 181 sq km ; water: 0 sq km ; note: the archipelago includes 11,673 sq km of lagoon waters and encompasses the atolls of Bikini, Enewetak, Kwajalein, Majuro, Rongelap, and Utirik
Natural Resources: coconut products, marine products, deep seabed minerals
Capital: name: Majuro ; geographic coordinates: 7 06 N, 171 23 E ; time difference: UTC+12 (17 hours ahead of Washington, DC, during Standard Time)

US assistance and lease payments for the use of Kwajalein Atoll as a US military base are the mainstay of this small island country. The Marshall Islands received roughly $1 billion in aid from the US during 1986-2001 under the original Compact of Free Association (Compact). In 2002 and 2003, the US and the Marshall Islands renegotiated the Compact's financial package for a 20-year period, from 2004 to 2024. Under the amended Compact, the Marshall Islands will receive roughly $1.5 billion in direct US assistance. Agricultural production, primarily subsistence, is concentrated on small farms; the most important commercial crops are coconuts and breadfruit. Industry is limited to handicrafts, tuna processing, and copra. Tourism holds some potential. The islands and atolls have few natural resources, and imports exceed exports. Under the amended Compact, the US is also funding, jointly with the Marshall Islands, a Trust Fund for the people of the Marshall Islands that will provide an income stream beyond 2024 when direct Compact aid is to end.

GDP (Constant Prices, National Currency) for Marshall Islands in year 2015 is US$ 0.159 Billion.

GDP Growth (Constant Prices, National Currency) for Marshall Islands in year 2015 is 1.554 %.

GDP (Current Prices, National Currency) for Marshall Islands in year 2015 is US$ 0.183 Billion.

GDP (Current Prices, US Dollars) for Marshall Islands in year 2015 is US$ 0.183 Billion.

GDP Deflator for Marshall Islands in year 2015 is 115.4 (Index, Base Year as per country's accounts = 100).

GDP Per Capita (Constant Prices, National Currency) for Marshall Islands in year 2015 is US$ 2,907.75 .

GDP Per Capita (Current Prices, National Currency) for Marshall Islands in year 2015 is US$ 3,355.55 .

GDP Per Capita (Current Prices, US Dollars) for Marshall Islands in year 2015 is US$ 3,355.55 .

GDP (PPP), US Dollars for Marshall Islands in year 2015 is US$ 0.175 Billion.

GDP Per Capita (PPP), US Dollars for Marshall Islands in year 2015 is US$ 3,211.39 .

GDP Share of World Total (PPP) for Marshall Islands in year 2015 is -- %.

Implied PPP Conversion Rate for Marshall Islands in year 2015 is 1.045 .

Inflation, Average Consumer Prices (Indexed to Year 2000) for Marshall Islands in year 2015 is 146.012 (Index, Base Year 2000 = 100).

Inflation (Average Consumer Price Change %) for Marshall Islands in year 2015 is -4.017 %.

Inflation, End of Year (Indexed to Year 2000) for Marshall Islands in year 2015 is 152.993 (Index, Base Year 2000 = 100).

Inflation (End of Year Change %) for Marshall Islands in year 2015 is -4.017 %.

Export Volume of All Items Including Goods and Services (Percent Change) for Marshall Islands in year 2015 is 11.549 %.

Population for Marshall Islands in year 2015 is 0.055 Million .

General government revenue (National Currency) for Marshall Islands in year 2015 is US$ 0.096 Billions.

General government revenue (% of GDP) for Marshall Islands in year 2015 is 52.264 %.

General government total expenditure (National Currency) for Marshall Islands in year 2015 is US$ 0.095 Billions.

General government total expenditure (% of GDP) for Marshall Islands in year 2015 is 51.894 %.

Total Government Net Lending/ Borrowing (National Currency) for Marshall Islands in year 2015 is US$ 0.001 Billions.

Total Government Net Lending/ Borrowing (% of GDP) for Marshall Islands in year 2015 is 0.37 %.

Fiscal Year Gross Domestic Product, Current Prices for Marshall Islands in year 2015 is US$ 0.183 Billions.

Current Account Balance (US Dollars) for Marshall Islands in year 2015 is US$ -0.001 Billion.

Current Account Balance (% GDP) for Marshall Islands in year 2015 is -0.802 %.