Marshall Islands: Economy
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Income Level (by per capita GNI) Source: The World Bank Possible values: High Income, Upper Middle Income, Lower Middle Income and Low Income |
Upper Middle Income |
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Level of Development
Source: United Nations Possible values: Developed, In Transition and Developing |
Data unavailable |
| Economic Trivia | Coconuts and breadfruit are the most important commercial crops grown in the Marshall Islands.. |
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Trade
Source: United Nations Comtrade Note: Top 3 trade partners are calculated by imports + exports. |
Data unavailable |
| Top Industries Source: CIA World Factbook | Copra; Tuna Processing; Tourism; Craft Items (from Seashells, Wood, and Pearls) |
Gross Domestic Product (GDP) [1]
| GDP, PPP (current international) | $300,454,868 (2022) |
| GDP Growth Rate (annual %) | 1.5% (2022) |
| GDP Per Capita, PPP (current international) | $7,228 (2022) |
GDP Country Rank 194/197 (2022)
Economic Indicators [1]
| Inflation, consumer prices (annual %) | Data unavailable |
| External debt stocks, total (DOD, current US$) | Data unavailable |
| Total tax rate (% of commercial profits) | 65.9% (2019) |
| Real Interest Rate (5 year average %) | Data unavailable |
| Manufacturing, value added (% of GDP) | 2.1% (2021) |
| Current Account Balance (BoP, current US$) | $76,262,809 (2021) |
Labor and Employment [1]
| Labor Force, Total | Data unavailable |
| Employment in Agriculture (% of total employment) | 11.03% (2010) |
| Employment in Industry (% of total employment) | 9.4% (2010) |
| Employment in Services (% of total employment) | 79.56% (2010) |
| Unemployment Rate | 30.9% (1999) |
Trade [1]
| Imports of goods and services (current US$) | $180,727,000 (2021) |
| Exports of goods and services (current US$) | $120,867,300 (2021) |
| Total Merchandise Trade (% of GDP) | 48.987% (2022) |
| FDI, net inflows (BoP, current US$) | $2,573,908 (2022) |
| Commercial Service Exports (current US$) | $1,059,452 (2021) |
Economic Snapshot [1]
Note: Percentile ranks are calculated using the latest available data for all countries within the last 5 years.
How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, Marshall Islands’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.