Economic Trivia

Coconuts and breadfruit are the most important commercial crops grown in the Marshall Islands..

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) $213,483,384 (2016)
GDP Growth Rate (annual %) 1.91% (2016)
GDP Per Capita, PPP (current international) $4,023 (2016)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 193/195 (2016)

GDP Composition %

Note: GDP composition percentage may exceed 100. Manufacturing is included in the Industry figures and is also reported separately because it plays a critical role in many economies.

Economic Indicators [1]

Inflation, consumer prices (annual %) Data unavailable
External debt stocks, total (DOD, current US$) Data unavailable
Total tax rate (% of commercial profits) 64.8% (2017)
Real Interest Rate (5 year average %) Data unavailable
Manufacturing, value added (% of GDP) 1.082% (2015)
Current Account Balance (BoP, current US$) ($16,213,012) (2016)
Click on a row to display its 5-year graph on the right.

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)
Click on a row to display its 5-year graph on the right.

Trade [1]

Imports of goods and services (current US$) $163,209,900 (2016)
Exports of goods and services (current US$) $53,566,700 (2016)
Total Merchandise Trade (% of GDP) 98.716% (2016)
FDI, net inflows (BoP, current US$) ($3,055,847) (2016)
Commercial Service Exports (current US$) $5,135,123 (2016)
Click on a row to display its 5-year graph on the right.

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.

Due to unavailable data the following indicators have been omitted:
  • Exports
  • FDI, net inflows
  • GDP Growth Rate
  • GDP Per Capita
  • Inflation
  • Unemployment

Sources

  1. The World Bank