Marshall Islands
MHLEast Asia & PacificUpper middle incomeCapital: Majuro▶About Marshall Islands
Marshall Islands's GDP is $332.0M (2026), with a population of 37,548, and GDP per capita of $9,391. Key indicators include real GDP growth of 4.1%, inflation at 5.9%, government debt at 14.9% of GDP, life expectancy of 66.9 years. Data sourced from the IMF World Economic Outlook and World Bank World Development Indicators.
The economy of this Pacific island nation is classified as upper middle income, with a projected GDP of $0.332 billion in 2026. The capital, Majuro, serves as the economic hub. The GDP growth rate is anticipated to be 4.1% in 2026, with a GDP per capita of $9,391.42. Inflation is expected to reach 5.9% in the same year. Trade is a significant component of the economy, with trade relative to GDP at 123.8% in 2024. The economy heavily relies on external aid and grants, particularly from the United States. Societally, the population is approximately 37,548 as of 2024. Life expectancy stands at 66.95 years. The social fabric is deeply influenced by traditional customs and a strong sense of community. The primary challenges include limited natural resources and vulnerability to climate change, which pose threats to sustainable development and public health.
▶Economy23 indicators · 2021–2027 · IMF / WB
▶Fiscal & Monetary14 indicators · 2019–2027 · IMF / WB
| Indicator | Value | Year | Δ YoY | Src |
|---|---|---|---|---|
| Inflation, Consumer Prices (%) | 5.2% | 2027 | ▼ 11.9% | IMF |
| Govt Gross Debt (% of GDP) | 13.2% | 2027 | ▼ 11.4% | IMF |
| Fiscal Balance (% of GDP) | 0.7% | 2027 | ▲ 113.2% | IMF |
| Current Account Balance (% of GDP) | 7.9% | 2027 | ▲ 97.5% | IMF |
| Government Debt (% of GDP) | 41.6% | 2019 | ▼ 5.5% | WB |
| Government Revenue (% of GDP) | 31.3% | 2020 | ▼ 4.8% | WB |
| Government Expenditure (% of GDP) | 59.4% | 2020 | ▼ 8.9% | WB |
| Tax Revenue (% of GDP) | 17.2% | 2020 | ▼ 7.8% | WB |
| Taxes on Goods & Services (% of revenue) | 8.4% | 2020 | ▼ 23.1% | WB |
| Taxes on International Trade (% of revenue) | 5.4% | 2020 | ▼ 14.2% | WB |
| Taxes on Income, Profits & Capital Gains (% of rev) | 9.7% | 2020 | ▼ 11.7% | WB |
| Net Investment in Nonfinancial Assets (% of GDP) | 8.8% | 2020 | ▲ 238.1% | WB |
| Official Exchange Rate (per USD) | 1 | 2024 | ▲ 0.0% | WB |
| PPP Conversion Factor | 0.94 | 2024 | ▲ 4.8% | WB |
▶Trade13 indicators · 2021–2024 · WB
| Indicator | Value | Year | Δ YoY | Src |
|---|---|---|---|---|
| Trade (% of GDP) | 123.8% | 2024 | ▲ 4.5% | WB |
| Exports of Goods & Services (% of GDP) | 42.1% | 2024 | ▲ 9.0% | WB |
| Imports of Goods & Services (% of GDP) | 81.7% | 2024 | ▲ 2.3% | WB |
| Exports of Goods & Services (USD) | $122.0M | 2024 | ▲ 19.9% | WB |
| Imports of Goods & Services (USD) | $237.1M | 2024 | ▲ 12.5% | WB |
| Merchandise Exports (USD) | $65.0M | 2024 | ▲ 1.6% | WB |
| Merchandise Imports (USD) | $100.0M | 2024 | ▼ 3.8% | WB |
| FDI Inflows (% of GDP) | 0.6% | 2024 | ▼ 24.0% | WB |
| FDI Net Inflows (USD) | $1.7M | 2024 | ▼ 16.4% | WB |
| Personal Remittances Received (USD) | $34.5M | 2024 | ▲ 0.0% | WB |
| Personal Remittances Received (% of GDP) | 11.9% | 2024 | ▼ 9.1% | WB |
| Current Account Balance (% of GDP) | 29.2% | 2021 | ▼ 21.8% | WB |
| Current Account Balance (USD) | $76.3M | 2021 | ▼ 15.5% | WB |
▶External Debt2 indicators · 2023 · WB
| Indicator | Value | Year | Δ YoY | Src |
|---|---|---|---|---|
| Net ODA Received (% of GNI) | 39.8% | 2023 | ▼ 16.1% | WB |
| Net ODA Received (USD) | $126.1M | 2023 | ▼ 10.1% | WB |
▶People23 indicators · 2023–2025 · WB
| Indicator | Value | Year | Δ YoY | Src |
|---|---|---|---|---|
| Population | 37,548 | 2024 | ▼ 3.3% | WB |
| Population Growth (%) | -3.3% | 2024 | ▼ 5.7% | WB |
| Population Density (per km²) | 216 | 2023 | ▼ 3.1% | WB |
| Surface Area (sq km) | 180 | 2023 | ▲ 0.0% | WB |
| Land Area (sq km) | 180 | 2023 | ▲ 0.0% | WB |
| Urban Population (%) | 78.7% | 2024 | ▲ 0.5% | WB |
| Urban Population (total) | 29,563 | 2024 | ▼ 2.8% | WB |
| Rural Population (%) | 21.3% | 2024 | ▼ 1.7% | WB |
| Life Expectancy at Birth | 66.9 years | 2023 | ▲ 0.3% | WB |
| Life Expectancy, Male | 64.9 years | 2023 | ▲ 0.3% | WB |
| Life Expectancy, Female | 69.3 years | 2023 | ▲ 0.3% | WB |
| Fertility Rate (births per woman) | 2.9 | 2023 | ▼ 0.6% | WB |
| Birth Rate (per 1,000) | 21.1 | 2023 | ▼ 3.9% | WB |
| Death Rate (per 1,000) | 7 | 2023 | ▲ 1.5% | WB |
| Net Migration | -1,698 | 2025 | ▲ 3.8% | WB |
| Population Ages 0–14 (%) | 34.5% | 2024 | ▼ 0.7% | WB |
| Population Ages 15–64 (%) | 60.9% | 2024 | ▼ 0.0% | WB |
| Population Ages 65+ (%) | 4.6% | 2024 | ▲ 5.9% | WB |
| Age Dependency Ratio (%) | 64.2% | 2024 | ▲ 0.1% | WB |
| Old-Age Dependency Ratio (%) | 7.6% | 2024 | ▲ 5.9% | WB |
| Youth Dependency Ratio (%) | 56.6% | 2024 | ▼ 0.6% | WB |
| Mortality Rate, Adult Male (per 1,000) | 263.4 | 2023 | ▼ 0.9% | WB |
| Mortality Rate, Adult Female (per 1,000) | 197.9 | 2023 | ▼ 1.2% | WB |
▶Labor3 indicators · 2021 · WB
| Indicator | Value | Year | Δ YoY | Src |
|---|---|---|---|---|
| Self-Employed (%) | 49.5% | 2021 | ▲ 9.9% | WB |
| Part-Time Employment (%) | 25.1% | 2021 | ▲ 47.6% | WB |
| NEET Youth (% not in education/employment) | 40.0% | 2021 | ▼ 6.9% | WB |
▶Education18 indicators · 2002–2024 · WB
| Indicator | Value | Year | Δ YoY | Src |
|---|---|---|---|---|
| Education Spending (% of GDP) | 7.7% | 2022 | ▼ 49.3% | WB |
| Education Spending (% of govt expenditure) | 11.3% | 2022 | ▼ 50.4% | WB |
| Adult Literacy Rate (%) | 95.8% | 2021 | ▼ 2.4% | WB |
| Female Literacy Rate (%) | 96.4% | 2021 | ▼ 1.3% | WB |
| Male Literacy Rate (%) | 95.7% | 2021 | ▼ 3.1% | WB |
| Youth Literacy Rate (%) | 96.4% | 2021 | ▼ 1.8% | WB |
| Primary School Enrollment (%) | 101.8% | 2024 | ▼ 5.0% | WB |
| Secondary School Enrollment (%) | 85.8% | 2024 | ▼ 4.2% | WB |
| Tertiary School Enrollment (%) | 37.7% | 2024 | ▼ 8.8% | WB |
| Primary Completion Rate (%) | 98.5% | 2024 | ▼ 2.6% | WB |
| Lower Secondary Completion Rate (%) | 114.1% | 2024 | ▼ 19.4% | WB |
| Out-of-School Children, Primary | 78 | 2024 | ▲ 345.3% | WB |
| Primary School Teachers | 439 | 2024 | ▼ 7.2% | WB |
| Secondary School Teachers | 407 | 2024 | ▼ 6.9% | WB |
| Expenditure per Student, Primary (% of GDP/cap) | 45.5% | 2002 | — | WB |
| Pupil-Teacher Ratio (Primary) | 83.4 | 2021 | ▼ 0.3% | WB |
| Education Spending, Secondary (% of govt) | 38.9% | 2002 | — | WB |
| Education Spending, Tertiary (% of govt) | 14.7% | 2002 | — | WB |
▶Health29 indicators · 2012–2024 · WHO
▶Energy & Environment14 indicators · 2020–2024 · WB / WHO
| Indicator | Value | Year | Δ YoY | Src |
|---|---|---|---|---|
| CO₂ Emissions (tonnes per capita) | 0 | 2024 | ▲ 3.4% | WB |
| CO₂ Emissions (total kilotonnes) | 0 | 2024 | ▲ 0.0% | WB |
| Renewable Electricity Output (%) | 2.4% | 2021 | ▲ 0.0% | WB |
| Renewable Energy Consumption (%) | 12.2% | 2022 | ▲ 0.8% | WB |
| Access to Electricity (%) | 100.0% | 2023 | ▲ 0.0% | WB |
| Access to Clean Fuels for Cooking (%) | 64.8% | 2023 | ▼ 0.6% | WB |
| PM2.5 Air Pollution (µg/m³) | 10.7 | 2020 | ▼ 0.7% | WB |
| Forest Area (%) | 52.2% | 2023 | ▲ 0.0% | WB |
| Forest Area (sq km) | 94 | 2023 | ▲ 0.0% | WB |
| Arable Land (%) | 2.8% | 2023 | ▲ 0.0% | WB |
| Terrestrial Protected Areas (%) | 0.3% | 2024 | ▲ 0.0% | WB |
| Marine Protected Areas (%) | 0.3% | 2024 | ▲ 0.0% | WB |
| Access to Basic Drinking Water (%) | 87.4% | 2024 | ▼ 0.0% | WHO |
| Access to Basic Sanitation (%) | 79.0% | 2024 | ▲ 0.1% | WHO |
▶Agriculture5 indicators · 2005–2023 · WB
| Indicator | Value | Year | Δ YoY | Src |
|---|---|---|---|---|
| Agricultural Land (%) | 38.9% | 2023 | ▲ 0.0% | WB |
| Food Production Index (2014–2016=100) | 90.8 | 2022 | ▲ 0.9% | WB |
| Crop Production Index (2014–2016=100) | 90.8 | 2022 | ▲ 0.9% | WB |
| Total Fisheries Production (metric tonnes) | 73,936 | 2023 | ▼ 19.3% | WB |
| Fertilizer Consumption (kg per hectare) | 2 | 2005 | — | WB |
▶Technology7 indicators · 2021–2024 · WB
| Indicator | Value | Year | Δ YoY | Src |
|---|---|---|---|---|
| Internet Users (%) | 65.7% | 2023 | ▲ 1.4% | WB |
| Mobile Subscriptions (per 100 people) | 40 | 2022 | ▲ 2.7% | WB |
| Fixed Broadband Subscriptions (per 100) | 2.4 | 2022 | ▲ 3.2% | WB |
| Secure Internet Servers (per million) | 213.1 | 2024 | ▲ 37.9% | WB |
| Scientific Journal Articles | 2 | 2022 | ▼ 24.6% | WB |
| ICT Service Exports (% of service exports) | 1.0% | 2021 | ▼ 25.0% | WB |
| ICT Service Exports (USD) | $92,862 | 2021 | ▼ 13.8% | WB |
▶Infrastructure5 indicators · 2019–2023 · WB
| Indicator | Value | Year | Δ YoY | Src |
|---|---|---|---|---|
| Air Transport, Passengers Carried | 29,502 | 2023 | ▲ 142.3% | WB |
| Air Transport, Freight (million ton-km) | 0.4 | 2023 | ▲ 49.7% | WB |
| Container Port Traffic (TEU) | 30,711 | 2019 | ▼ 56.2% | WB |
| Electricity from Oil (%) | 97.6% | 2021 | ▲ 0.0% | WB |
| Electricity from Nuclear (%) | 0.0% | 2021 | — | WB |
▶Gender7 indicators · 2016–2024 · WB
| Indicator | Value | Year | Δ YoY | Src |
|---|---|---|---|---|
| Women in Parliament (%) | 12.1% | 2024 | ▲ 0.0% | WB |
| Female Labor Force Participation, 15+ (%) | 37.3% | 2021 | ▲ 33.8% | WB |
| Girls Out-of-School Rate (%) | 85.8% | 2016 | — | WB |
| Adolescent Fertility Rate (per 1,000) | 71.8 | 2023 | ▲ 1.0% | WB |
| Gender Parity Index, Primary | 83.54 | 2016 | — | WB |
| Gender Parity Index, Secondary | 1.09 | 2021 | ▼ 1.3% | WB |
| Gender Parity in Primary Education | 0.94 | 2021 | ▼ 1.9% | WB |
▶Governance10 indicators · 2023 · WB
| Indicator | Value | Year | Δ YoY | Src |
|---|---|---|---|---|
| Control of Corruption | 0.41 | 2023 | ▲ 6.7% | WB |
| Government Effectiveness | 0.07 | 2023 | ▼ 69.2% | WB |
| Political Stability | 1.18 | 2023 | ▲ 16.6% | WB |
| Regulatory Quality | -0.42 | 2023 | ▼ 7.2% | WB |
| Rule of Law | 0.68 | 2023 | ▼ 7.2% | WB |
| Voice & Accountability | 1.13 | 2023 | ▲ 1.8% | WB |
| Control of Corruption (percentile rank) | 64.2% | 2023 | ▲ 0.0% | WB |
| Government Effectiveness (percentile rank) | 54.7% | 2023 | ▼ 10.1% | WB |
| Rule of Law (percentile rank) | 73.1% | 2023 | ▼ 2.5% | WB |
| Political Stability (percentile rank) | 93.4% | 2023 | ▲ 11.2% | WB |
▶Poverty & Inequality10 indicators · 2019 · WB
| Indicator | Value | Year | Δ YoY | Src |
|---|---|---|---|---|
| Poverty at $2.15/day (%) | 2.1% | 2019 | — | WB |
| Poverty at $3.65/day (%) | 6.7% | 2019 | — | WB |
| Poverty at $6.85/day (%) | 36.5% | 2019 | — | WB |
| Poverty Headcount, National (%) | 7.2% | 2019 | — | WB |
| Gini Index | 35.5 | 2019 | — | WB |
| Income Share, Top 10% | 27.5% | 2019 | — | WB |
| Income Share, Bottom 10% | 2.8% | 2019 | — | WB |
| Income Share, Top 20% | 43.2% | 2019 | — | WB |
| Income Share, Bottom 20% | 7.2% | 2019 | — | WB |
| Poverty Gap at $2.15/day (%) | 0.4% | 2019 | — | WB |
▶Social Protection7 indicators · 2019–2020 · WB
| Indicator | Value | Year | Δ YoY | Src |
|---|---|---|---|---|
| Social Insurance Coverage (%) | 55.6% | 2019 | — | — |
| Social Assistance Coverage (%) | 14.9% | 2019 | — | — |
| Social Protection Coverage (%) | 62.7% | 2019 | — | — |
| Human Capital Index (0–1) | 0.42 | 2020 | ▲ 4.7% | WB |
| Human Capital Index, Female | 0.44 | 2020 | ▲ 5.5% | WB |
| Human Capital Index, Male | 0.40 | 2020 | ▲ 4.1% | WB |
| Learning-Adjusted Years of School | 5.7 years | 2020 | ▲ 11.1% | WB |
▶Tourism5 indicators · 2018–2019 · WB
| Indicator | Value | Year | Δ YoY | Src |
|---|---|---|---|---|
| International Tourism, Arrivals | 6,100 | 2019 | ▼ 10.3% | WB |
| Tourism Receipts (USD) | $20.1M | 2018 | — | WB |
| Tourism Expenditures (USD) | $31.4M | 2018 | — | WB |
| Tourism Receipts (% of total exports) | 15.6% | 2018 | — | WB |
| International Tourism, Transport Services (USD) | $11.5M | 2018 | — | WB |
▶Urban Development3 indicators · 2022–2024 · WB
| Indicator | Value | Year | Δ YoY | Src |
|---|---|---|---|---|
| Urban Population Growth (%) | -2.9% | 2024 | ▼ 6.9% | WB |
| Population in Slums (% of urban) | 2.4% | 2022 | ▲ 7.0% | WB |
| Rural Population Growth (%) | -5.1% | 2024 | ▼ 4.1% | WB |