Marshall Islands Government Debt to GDP
General government gross debt as % of GDP GGXWDG_NGDP
Marshall Islands's government debt to gdp was 10.60% in 2025, ranked 175th globally. This represents a 19.8% decrease from 2024. Data from IMF WEO, covering 1997–2025.
Overview
Marshall Islands's government debt to gdp stood at 10.60% in 2025, a decline of +2.62% from 2024. The IMF projects 10.60% by 2025. Marshall Islands ranked 175th globally.
Marshall Islands’ government debt-to‑GDP ratio has remained low by global standards, standing at 10.60 in 2025, which places the nation at 175th in the IMF World Economic Outlook ranking. The figure marks a modest rise from the all‑time trough of 8.73 recorded in 1997, yet it is far below the all‑time peak of 46.80 reached in 2004, when fiscal pressures from external shocks temporarily inflated borrowing. Over the 29‑year coverage period the ratio has fluctuated within a narrow band, contrasting sharply with peers such as Hong Kong SAR, China (11.66) and Micronesia, Federated States of (9.26). The limited debt burden reflects the islands’ small fiscal base and reliance on external aid, which constrain both borrowing capacity and the need for extensive public investment. If economic diversification accelerates and revenue mobilization improves, the debt‑to‑GDP trajectory could stay subdued; however, heightened exposure to climate‑related expenditures may push the ratio upward.
Data & projection
| Year | Government Debt to GDP | YoY change | Rank |
|---|---|---|---|
| 2030* IMF | 10.93% | - | - |
| 2029* IMF | 11.39% | - | - |
| 2028* IMF | 11.94% | - | - |
| 2027* IMF | 13.19% | - | - |
| 2026* IMF | 14.93% | - | - |
| 2025* IMF | 10.60% | - | - |
| 2025 | 10.60% | −2.62% | #175 |
| 2024 | 13.22% | −4.99% | #10 |
| 2023 | 18.22% | −1.59% | #12 |
| 2022 | 19.81% | −0.25% | #16 |
| 2021 | 20.06% | −1.61% | #14 |
| 2020 | 21.67% | −3.46% | #15 |
| 2019 | 25.13% | +0.44% | #24 |
| 2018 | 24.69% | −1.85% | #28 |
| 2017 | 26.53% | −2.68% | #34 |
| 2016 | 29.21% | −4.66% | #39 |
| 2015 | 33.88% | −1.07% | #56 |
| 2014 | 34.94% | +1.59% | #76 |
| 2013 | 33.35% | −4.20% | #76 |
| 2012 | 37.56% | +1.64% | #98 |
| 2011 | 35.92% | −2.91% | #93 |
Analysis
Marshall Islands's government debt to gdp was 10.60% in 2025, a decline of −2.62% from 2024. IMF projects 10.60% by 2025.
Frequently Asked Questions
Marshall Islands's government debt to gdp was 10.60% in 2025. Ranked 175th globally. This represents a 19.8% decrease from the previous year.
Marshall Islands's government debt to gdp peaked at 46.80% in 2004.
The lowest government debt to gdp in Marshall Islands was 8.73% in 1997.
Marshall Islands ranks 175th globally in government debt to gdp as of 2025.
The World Bank indicator code is GGXWDG_NGDP. Data sourced from IMF WEO.
Marshall Islands's government debt to gdp is projected to reach 10.60% by 2025 based on IMF projection.
The government debt to gdp of Marshall Islands in 2025 was 10.60%. This ranks 175th in the world.
Cite this page
@misc{historysaid_marshall-islands_government-debt-to-gdp,
title = {Marshall Islands Government Debt to GDP},
url = {https://historysaid.com/marshall-islands/government-debt-to-gdp/},
publisher = {HistorySaid},
year = {2026}
}