GDP Growth Rate
Year -
2.50%
In 2024, Marshall Islands experienced a significant an increase in its GDP growth rate, which rise to 2.50% from -5.01% in 2023. Additionally, the GDP per capita growth rate in Marshall Islands increase to 5.99% in 2024, compared to -1.95% in 2023.
In 2024, Marshall Islands experienced a increase in economic performance, with the GDP growth rate rising by 7.51%. Additionally, the GDP per capita growth rate increase by 7.94%.
| Year | GDP Growth | Net Chg | GDP Capita Growth | Net Chg |
|---|---|---|---|---|
| 1961 | - | - | - | - |
| 1962 | - | - | - | - |
| 1963 | - | - | - | - |
| 1964 | - | - | - | - |
| 1965 | - | - | - | - |
| 1966 | - | - | - | - |
| 1967 | - | - | - | - |
| 1968 | - | - | - | - |
| 1969 | - | - | - | - |
| 1970 | - | - | - | - |
| 1971 | 2.31 | - | -1.35 | - |
| 1972 | 1.08% | -1.23% | -1.56% | -0.21% |
| 1973 | 33.92% | 32.84% | 30.71% | 32.27% |
| 1974 | 15.32% | -18.60% | 12.06% | -18.65% |
| 1975 | 0.06% | -15.26% | -3.22% | -15.28% |
| 1976 | 0.36% | 0.30% | -2.86% | 0.36% |
| 1977 | 2.43% | 2.07% | -0.82% | 2.04% |
| 1978 | 5.62% | 3.19% | 2.31% | 3.13% |
| 1979 | 2.14% | -3.48% | -1.06% | -3.37% |
| 1980 | -7.2% | -9.34% | -10.32% | -9.26% |
| 1981 | 6.44% | 13.64% | 2.3% | 12.62% |
| 1982 | 4.83% | -1.61% | 0.5% | -1.80% |
| 1983 | 15.51% | 10.68% | 10.82% | 10.32% |
| 1984 | 3.87% | -11.64% | -0.3% | -11.12% |
| 1985 | -6.26% | -10.13% | -9.97% | -9.67% |
| 1986 | 24.54% | 30.80% | 19.71% | 29.68% |
| 1987 | 9.36% | -15.18% | 5.23% | -14.48% |
| 1988 | 7.79% | -1.57% | 3.99% | -1.24% |
| 1989 | -1.69% | -9.48% | -4.54% | -8.53% |
| 1990 | 2.68% | 4.37% | 0.28% | 4.82% |
| 1991 | 0.09% | -2.59% | -1.97% | -2.25% |
| 1992 | 7.14% | 7.05% | 5.25% | 7.22% |
| 1993 | 6.01% | -1.13% | 4.42% | -0.83% |
| 1994 | 5.88% | -0.13% | 4.5% | 0.08% |
| 1995 | 8.21% | 2.33% | 6.97% | 2.47% |
| 1996 | -10.3% | -18.51% | -11.24% | -18.21% |
| 1997 | -6.45% | 3.85% | -7.36% | 3.88% |
| 1998 | -0.67% | 5.78% | -1.59% | 5.77% |
| 1999 | -1.33% | -0.66% | -2.29% | -0.70% |
| 2000 | 2.45% | 3.78% | 1.44% | 3.73% |
| 2001 | 6.93% | 4.48% | 6.06% | 4.62% |
| 2002 | 3.64% | -3.29% | 3.03% | -3.03% |
| 2003 | -1.56% | -5.20% | -1.97% | -5.00% |
| 2004 | -0.41% | 1.15% | -0.7% | 1.27% |
| 2005 | 1.79% | 2.20% | 1.57% | 2.27% |
| 2006 | 0.18% | -1.61% | 0.01% | -1.56% |
| 2007 | 3.69% | 3.51% | 3.6% | 3.59% |
| 2008 | -7.57% | -11.26% | -7.56% | -11.16% |
| 2009 | 3.67% | 11.24% | 3.69% | 11.25% |
| 2010 | 5.54% | 1.87% | 5.49% | 1.80% |
| 2011 | -0.5% | -6.04% | -0.24% | -5.73% |
| 2012 | -1.29% | -0.79% | -0.35% | -0.11% |
| 2013 | 3.81% | 5.10% | 5.32% | 5.67% |
| 2014 | -1.26% | -5.07% | 0.5% | -4.82% |
| 2015 | 1.89% | 3.15% | 3.97% | 3.47% |
| 2016 | 2.5% | 0.61% | 4.85% | 0.88% |
| 2017 | 3.56% | 1.06% | 6.18% | 1.33% |
| 2018 | 5.49% | 1.93% | 8.38% | 2.20% |
| 2019 | 10.45% | 4.96% | 13.66% | 5.28% |
| 2020 | -2.77% | -13.22% | 0.19% | -13.47% |
| 2021 | 2.16% | 4.93% | 5.47% | 5.28% |
| 2022 | -0.7% | -2.86% | 2.5% | -2.97% |
| 2023 | -5.01% | -4.31% | -1.95% | -4.45% |
| 2024 | 2.5% | 7.51% | 5.99% | 7.94% |