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Marshall Islands
Marshall Islands
HistorySaid – ranking
Marshall Islands ranks 2nd globally by GDP ($290M in 2024). View →
Economy & Growth
GDP $290.1M
GDP per Capita $7,726
GDP Growth 2.50%
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| Indicator | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|---|---|---|---|
| Agriculture Value Added | 20.58% | 18.94% | 19.58% | 18.82% Trend | 18.17% Trend | 17.53% Trend | – | – | – |
| GDP | $258.7M | $263.8M | $290.1M | $302.0M IMF WEO Oct 2025 | $332.0M IMF WEO Oct 2025 | $357.0M IMF WEO Oct 2025 | $376.0M IMF WEO Oct 2025 | $392.0M IMF WEO Oct 2025 | $408.0M IMF WEO Oct 2025 |
| GDP Deflator | -0.27% | 7.32% | 7.30% | 6.16% Trend | 6.42% Trend | 6.68% Trend | – | – | – |
| GDP Growth | -0.70% | -5.01% | 2.50% | 2.53% IMF WEO Oct 2025 | 4.07% IMF WEO Oct 2025 | 2.37% IMF WEO Oct 2025 | 1.92% IMF WEO Oct 2025 | 1.79% IMF WEO Oct 2025 | 1.61% IMF WEO Oct 2025 |
| GDP PPP | $297.8M | $293.1M | $307.7M | $281.0M IMF WEO Oct 2025 | $298.0M IMF WEO Oct 2025 | $310.0M IMF WEO Oct 2025 | $321.0M IMF WEO Oct 2025 | $332.0M IMF WEO Oct 2025 | $344.0M IMF WEO Oct 2025 |
| GDP per Capita | $6,456 | $6,793 | $7,726 | $8,287 IMF WEO Oct 2025 | $9,391 IMF WEO Oct 2025 | $10,363 IMF WEO Oct 2025 | $11,127 IMF WEO Oct 2025 | $11,772 IMF WEO Oct 2025 | $12,370 IMF WEO Oct 2025 |
| GDP per Capita PPP | $7,431 | $7,549 | $8,195 | $7,704 IMF WEO Oct 2025 | $8,415 IMF WEO Oct 2025 | $8,983 IMF WEO Oct 2025 | $9,493 IMF WEO Oct 2025 | $9,982 IMF WEO Oct 2025 | $10,437 IMF WEO Oct 2025 |
| GNI | $295.6M | $316.9M | $342.7M | $348.2M Trend | $362.4M Trend | $376.6M Trend | – | – | – |
| GNI per Capita | $7,580 | $7,980 | $8,500 | $8,990 Trend | $9,494 Trend | $9,998 Trend | – | – | – |
| Gross Savings | – | – | – | – | – | – | – | – | – |
| Industry Value Added | 9.59% | 11.68% | 13.18% | 11.84% Trend | 11.86% Trend | 11.87% Trend | – | – | – |
| Services Value Added | 69.06% | 69.72% | 66.99% | 68.28% Trend | 68.43% Trend | 68.59% Trend | – | – | – |
Italic values are IMF World Economic Outlook projections.
Prices & Inflation
PPP Conversion Factor 0.94
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| Indicator | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|---|---|---|---|
| Consumer Price Index | – | – | – | – | – | – | – | – | – |
| Inflation Rate | – | – | – | 5.18% IMF WEO Oct 2025 | 5.86% IMF WEO Oct 2025 | 5.22% IMF WEO Oct 2025 | 3.31% IMF WEO Oct 2025 | 2.42% IMF WEO Oct 2025 | 2.42% IMF WEO Oct 2025 |
| PPP Conversion Factor | 0.87 | 0.90 | 0.94 | 0.92 Trend | 0.92 Trend | 0.92 Trend | – | – | – |
Italic values are IMF World Economic Outlook projections.
Population
Population 37,548
Population Growth -3.35%
Population Density 215.7
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| Indicator | 2023 | 2024 | 2025 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|---|---|
| Birth Rate | 21.1 | – | – | 20.0 Trend | 19.4 Trend | – | – |
| Death Rate | 7.0 | – | – | 7.0 Trend | 7.0 Trend | – | – |
| Dependency Ratio | 64.17 | 64.24 | – | 65.14 Trend | 65.80 Trend | 66.47 Trend | – |
| Fertility Rate | 2.92 | – | – | 2.87 Trend | 2.84 Trend | – | – |
| Life Expectancy | 66.9 | – | – | 67.4 Trend | 67.7 Trend | – | – |
| Net Migration | -1,832 | -1,765 | -1,698 | – | -1,618 Trend | -1,548 Trend | -1,478 Trend |
| Population | 38,827 | 37,548 | – | 36,248 Trend | 34,963 Trend | 33,677 Trend | – |
| Population Density | 215.7 | – | – | 201.1 Trend | 193.9 Trend | – | – |
| Population Growth | -3.17% | -3.35% | – | -3.38% Trend | -3.45% Trend | -3.51% Trend | – |
| Refugee Population | – | – | – | – | – | – | – |
| Urban Population | 78.36% | 78.73% | – | 79.09% Trend | 79.45% Trend | 79.81% Trend | – |
Italic values are IMF World Economic Outlook projections.
Employment
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Government
Tax Revenue 17.16%
Government Spending 59.44%
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| Indicator | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|---|---|---|---|
| Budget Deficit | 0.68% | 1.14% | 3.61% | 1.67% IMF WEO Oct 2025 | -5.28% IMF WEO Oct 2025 | 0.68% IMF WEO Oct 2025 | 0.60% IMF WEO Oct 2025 | 0.07% IMF WEO Oct 2025 | 0.02% IMF WEO Oct 2025 |
| Education Spending | – | – | – | – | – | – | – | – | – |
| Government Debt to GDP | 19.81% | 18.22% | 13.22% | 10.60% IMF WEO Oct 2025 | 14.93% IMF WEO Oct 2025 | 13.19% IMF WEO Oct 2025 | 11.94% IMF WEO Oct 2025 | 11.39% IMF WEO Oct 2025 | 10.93% IMF WEO Oct 2025 |
| Government Revenue | 68.41% | 69.52% | 75.19% | 68.15% IMF WEO Oct 2025 | 78.53% IMF WEO Oct 2025 | 81.97% IMF WEO Oct 2025 | 80.42% IMF WEO Oct 2025 | 80.75% IMF WEO Oct 2025 | 80.46% IMF WEO Oct 2025 |
| Government Spending | – | – | – | – | – | – | – | – | – |
| Health Spending | 13.61% | 13.41% | – | 12.65% Trend | 12.48% Trend | – | – | – | – |
| Military Spending | – | – | – | – | – | – | – | – | – |
| Tax Revenue | – | – | – | – | – | – | – | – | – |
Italic values are IMF World Economic Outlook projections.
Debt
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| Indicator | 2018 | 2019 | 2020 |
|---|---|---|---|
| Debt Service | – | – | – |
| Domestic Credit | – | – | – |
| External Debt | – | – | – |
| External Debt to GNI | – | – | – |
| Interest Payments to Revenue | 0.46% | 0.41% | 0.39% |
| Short-term Debt | – | – | – |
Italic values are IMF World Economic Outlook projections.
Money
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Currency
Exchange Rate 1.00
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| Indicator | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|
| Exchange Rate | 1.00 | 1.00 | 1.00 | 1.00 Trend | 1.00 Trend | 1.00 Trend |
| Foreign Reserves | – | – | – | – | – | – |
| Real Effective Exchange Rate | – | – | – | – | – | – |
| Reserves in Months of Imports | – | – | – | – | – | – |
Italic values are IMF World Economic Outlook projections.
Trade
Exports $130.0M
Imports $206.0M
Trade Balance $-115.1M
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| Indicator | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|---|---|---|---|
| Current Account Balance | – | – | – | 10.29% IMF WEO Oct 2025 | 4.00% IMF WEO Oct 2025 | 7.87% IMF WEO Oct 2025 | 5.73% IMF WEO Oct 2025 | 4.68% IMF WEO Oct 2025 | 3.44% IMF WEO Oct 2025 |
| Exports | – | – | – | – | – | – | – | – | – |
| FDI Inflows | 0.99% | 0.77% | 0.59% | 0.53% Trend | 0.46% Trend | 0.38% Trend | – | – | – |
| FDI Outflows | – | – | – | – | – | – | – | – | – |
| Imports | – | – | – | – | – | – | – | – | – |
| Remittances Received | $34.5M | $34.5M | $34.5M | $34.9M Trend | $35.1M Trend | $35.3M Trend | – | – | – |
| Tourism Receipts | – | – | – | – | – | – | – | – | – |
| Trade Balance | $-125.2M | $-109.1M | $-115.1M | $-128.7M Trend | $-137.4M Trend | $-146.2M Trend | – | – | – |
| Trade Openness | 128.34% | 118.49% | 123.81% | 128.83% Trend | 131.87% Trend | 134.91% Trend | – | – | – |
Italic values are IMF World Economic Outlook projections.
Financial Markets
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Political Stability
Political Stability 1.18
Government Effectiveness 0.07
Regulatory Quality -0.42
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| Indicator | 2021 | 2022 | 2023 | 2025 | 2026 |
|---|---|---|---|---|---|
| Control of Corruption | 0.42 | 0.39 | 0.41 | 0.41 Trend | 0.41 Trend |
| Government Effectiveness | 0.02 | 0.23 | 0.07 | 0.29 Trend | 0.35 Trend |
| Political Stability | 0.93 | 1.02 | 1.18 | 1.08 Trend | 1.09 Trend |
| Regulatory Quality | -0.65 | -0.39 | -0.42 | -0.22 Trend | -0.13 Trend |
| Rule of Law | 0.77 | 0.73 | 0.68 | 0.87 Trend | 0.93 Trend |
| Voice and Accountability | 1.10 | 1.11 | 1.13 | 1.13 Trend | 1.14 Trend |
Italic values are IMF World Economic Outlook projections.
Health
Health Expenditure per Capita $894
Infant Mortality Rate 23.5
Maternal Mortality Ratio 155.00
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| Indicator | 2021 | 2022 | 2023 | 2025 | 2026 |
|---|---|---|---|---|---|
| Health Expenditure per Capita | $782 | $859 | $894 | $952 Trend | $990 Trend |
| Hospital Beds | – | – | – | – | – |
| Infant Mortality Rate | 25.0 | 24.3 | 23.5 | 22.0 Trend | 21.3 Trend |
| Maternal Mortality Ratio | 206.00 | 174.00 | 155.00 | 164.20 Trend | 161.20 Trend |
| Physicians | – | – | – | – | – |
Italic values are IMF World Economic Outlook projections.
Education
Literacy Rate 95.83%
Tertiary Enrollment 37.69%
Education Spending 7.70%
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| Indicator | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|
| Education Spending | 7.70% | – | – | 11.52% Trend | – | – |
| Literacy Rate | – | – | – | – | – | – |
| Primary Enrollment | 108.98% | 107.11% | 101.80% | 102.23% Trend | 100.44% Trend | 98.64% Trend |
| Tertiary Enrollment | 41.34% | – | 37.69% | 40.20% Trend | 40.68% Trend | 41.15% Trend |
Italic values are IMF World Economic Outlook projections.
Energy
Renewable Energy 12.20%
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| Indicator | 2021 | 2022 | 2023 | 2025 | 2026 |
|---|---|---|---|---|---|
| CO2 Emissions | – | – | – | – | – |
| CO2 per Capita | – | – | – | – | – |
| Electricity Access | 99.80% | 100.00% | 100.00% | 102.22% Trend | 103.03% Trend |
| Energy Use per Capita | – | – | – | – | – |
| Forest Area | 52.22% | 52.22% | 52.22% | 52.22% Trend | 52.22% Trend |
| Renewable Energy | 12.10% | 12.20% | – | 12.28% Trend | – |
Italic values are IMF World Economic Outlook projections.
Technology
Internet Users 65.72%
Mobile Subscriptions 39.71
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| Indicator | 2021 | 2022 | 2023 | 2025 | 2026 |
|---|---|---|---|---|---|
| High-tech Exports | – | – | – | – | – |
| Internet Users | 63.97% | 64.80% | 65.72% | 76.26% Trend | 80.29% Trend |
| Mobile Subscriptions | 38.68 | 39.71 | – | 42.90 Trend | – |
| Patent Applications | – | – | – | – | – |
| R&D Spending | – | – | – | – | – |
Italic values are IMF World Economic Outlook projections.
Inequality
Gini Index 35.5
Poverty Rate 2.10%
Income Share Top 10% 27.50%
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| Indicator | 2019 |
|---|---|
| Gini Index | 35.5 |
| Income Share Bottom 10% | 2.80% |
| Income Share Top 10% | 27.50% |
| Poverty Rate | 2.10% |
Italic values are IMF World Economic Outlook projections.