GDP Growth Rate
Year -
3.23%
In 2023, Marshall Islands experienced a significant an increase in its GDP growth rate, which rise to 3.23% from -0.68% in 2022. Additionally, the GDP per capita growth rate in Marshall Islands increase to 2.18% in 2023, compared to 0.47% in 2022.
In 2023, Marshall Islands experienced a increase in economic performance, with the GDP growth rate rising by 3.91%. Additionally, the GDP per capita growth rate increase by 1.71%.
| Year | GDP Growth | Net Chg | GDP Capita Growth | Net Chg |
|---|---|---|---|---|
| 1961 | - | - | - | - |
| 1962 | - | - | - | - |
| 1963 | - | - | - | - |
| 1964 | - | - | - | - |
| 1965 | - | - | - | - |
| 1966 | - | - | - | - |
| 1967 | - | - | - | - |
| 1968 | - | - | - | - |
| 1969 | - | - | - | - |
| 1970 | - | - | - | - |
| 1971 | 2.31 | - | -0.64 | - |
| 1972 | 1.08% | -1.23% | -0.55% | 0.09% |
| 1973 | 33.92% | 32.84% | 31.62% | 32.17% |
| 1974 | 15.32% | -18.60% | 12.45% | -19.17% |
| 1975 | 0.06% | -15.26% | -3.17% | -15.62% |
| 1976 | 0.36% | 0.30% | -2.93% | 0.24% |
| 1977 | 2.43% | 2.07% | -0.93% | 2.00% |
| 1978 | 5.62% | 3.19% | 2.16% | 3.09% |
| 1979 | 2.14% | -3.48% | -1.2% | -3.36% |
| 1980 | -7.2% | -9.34% | -10.35% | -9.15% |
| 1981 | 6.44% | 13.64% | 2.49% | 12.84% |
| 1982 | 4.83% | -1.61% | 0.74% | -1.75% |
| 1983 | 15.51% | 10.68% | 10.99% | 10.25% |
| 1984 | 3.87% | -11.64% | -0.19% | -11.18% |
| 1985 | -6.26% | -10.13% | -9.93% | -9.74% |
| 1986 | 24.54% | 30.80% | 19.73% | 29.66% |
| 1987 | 9.36% | -15.18% | 5.22% | -14.51% |
| 1988 | 7.79% | -1.57% | 3.93% | -1.29% |
| 1989 | -1.69% | -9.48% | -4.53% | -8.46% |
| 1990 | 2.68% | 4.37% | 0.31% | 4.84% |
| 1991 | 0.09% | -2.59% | -2.05% | -2.36% |
| 1992 | 7.14% | 7.05% | 4.99% | 7.04% |
| 1993 | 6.01% | -1.13% | 3.99% | -1.00% |
| 1994 | 5.88% | -0.13% | 3.97% | -0.02% |
| 1995 | 8.21% | 2.33% | 6.37% | 2.40% |
| 1996 | -10.3% | -18.51% | -11.76% | -18.13% |
| 1997 | -6.45% | 3.85% | -7.91% | 3.85% |
| 1998 | -0.67% | 5.78% | -2.18% | 5.73% |
| 1999 | -1.33% | -0.66% | -2.56% | -0.38% |
| 2000 | 2.45% | 3.78% | 1.72% | 4.28% |
| 2001 | 6.93% | 4.48% | 6.56% | 4.84% |
| 2002 | 3.64% | -3.29% | 3.48% | -3.08% |
| 2003 | -1.56% | -5.20% | -1.56% | -5.04% |
| 2004 | -0.69% | 0.87% | -0.59% | 0.97% |
| 2005 | 1.78% | 2.47% | 1.97% | 2.56% |
| 2006 | 0.22% | -1.56% | 0.46% | -1.51% |
| 2007 | 3.42% | 3.20% | 3.74% | 3.28% |
| 2008 | -7.65% | -11.07% | -7.27% | -11.01% |
| 2009 | 3.7% | 11.35% | 4.13% | 11.40% |
| 2010 | 5.45% | 1.75% | 5.8% | 1.67% |
| 2011 | -0.21% | -5.66% | 0.62% | -5.18% |
| 2012 | -1.31% | -1.10% | 0.14% | -0.48% |
| 2013 | 3.61% | 4.92% | 5.33% | 5.19% |
| 2014 | -1.16% | -4.77% | 0.67% | -4.66% |
| 2015 | 2.1% | 3.26% | 4.19% | 3.52% |
| 2016 | 2.14% | 0.04% | 4.43% | 0.24% |
| 2017 | 3.73% | 1.59% | 6.24% | 1.81% |
| 2018 | 5.66% | 1.93% | 8.41% | 2.17% |
| 2019 | 10.36% | 4.70% | 13.47% | 5.06% |
| 2020 | -2.85% | -13.21% | 0.1% | -13.37% |
| 2021 | 1.11% | 3.96% | 4.39% | 4.29% |
| 2022 | -0.68% | -1.79% | 0.47% | -3.92% |
| 2023 | 3.23% | 3.91% | 2.18% | 1.71% |