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Marshall Islands

67 series · 1800–2025 · Upper middle income · East Asia & Pacific

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National accounts

VariableCodeCoverageLatest
Nominal GDPMillions of local currencynGDP1970–2025328.9 (2025)
Nominal GDP (USD)Millions of US dollarsnGDP_USD1970–2025328.9 (2025)
Real GDPMillions of local currencyrGDP1970–2025224.0 (2025)
Real GDP per capitaConstant local currency per personrGDP_pc1970–20255,768 (2025)
Real GDP (USD)Millions of US dollarsrGDP_USD1970–2025223.1 (2025)
DeflatorIndex, 2015 = 100deflator1970–2025147.4 (2025)
Real GDP per capita (USD)US dollars per personrGDP_pc_USD1970–20255,746 (2025)

Consumption and investment

VariableCodeCoverageLatest
Total consumptionMillions of local currencycons1970–2024317.9 (2024)
Total consumption (% of GDP)Percent of GDPcons_GDP1970–2024113.0 (2024)
Total consumption (USD)Millions of US dollarscons_USD1970–2024317.9 (2024)
Household consumptionMillions of local currencyhcons1970–2024166.7 (2024)
Household consumption (% of GDP)Percent of GDPhcons_GDP1970–202459.3 (2024)
Household consumption (USD)Millions of US dollarshcons_USD1970–2024166.7 (2024)
Government consumptionMillions of local currencygcons1970–2024134.9 (2024)
Government consumption (% of GDP)Percent of GDPgcons_GDP1970–202448.0 (2024)
Government consumption (USD)Millions of US dollarsgcons_USD1970–2024134.9 (2024)
Gross capital formationMillions of local currencyinv1970–202585.9 (2025)
Gross capital formation (% of GDP)Percent of GDPinv_GDP1970–202526.1 (2025)
Gross capital formation (USD)Millions of US dollarsinv_USD1970–202585.9 (2025)
Gross fixed capital formationMillions of local currencyfinv1970–202457.5 (2024)
Gross fixed capital formation (% of GDP)Percent of GDPfinv_GDP1970–202420.5 (2024)
Gross fixed capital formation (USD)Millions of US dollarsfinv_USD1970–202457.5 (2024)

External sector

VariableCodeCoverageLatest
ExportsMillions of local currencyexports1970–2025110.8 (2025)
Exports (% of GDP)Percent of GDPexports_GDP1970–202533.7 (2025)
Exports (USD)Millions of US dollarsexports_USD1970–2025110.8 (2025)
ImportsMillions of local currencyimports1970–2025189.9 (2025)
Imports (% of GDP)Percent of GDPimports_GDP1970–202557.7 (2025)
Imports (USD)Millions of US dollarsimports_USD1970–2025189.9 (2025)
Current accountMillions of local currencyCA1997–202461.5 (2024)
Current account (% of GDP)Percent of GDPCA_GDP1997–202421.9 (2024)
USD exchange rateLocal currency per US dollarUSDfx1960–20251.00 (2025)
Current account (USD)Millions of US dollarsCA_USD1997–202461.5 (2024)

Government finances

VariableCodeCoverageLatest
Government expenditureMillions of local currencygovexp1997–2025250.8 (2025)
General government expenditureMillions of local currencygen_govexp1997–2025250.8 (2025)
General government expenditure (% of GDP)Percent of GDPgen_govexp_GDP1997–202576.3 (2025)
Central government expenditureMillions of local currencycgovexp2008–2018145.9 (2018)
Central government expenditure (% of GDP)Percent of GDPcgovexp_GDP2008–201866.5 (2018)
Government revenueMillions of local currencygovrev1997–2025266.8 (2025)
General government revenueMillions of local currencygen_govrev1997–2025266.8 (2025)
Central government revenueMillions of local currencycgovrev2008–2018151.8 (2018)
General government revenue (% of GDP)Percent of GDPgen_govrev_GDP1997–202581.1 (2025)
Central government revenue (% of GDP)Percent of GDPcgovrev_GDP2008–201869.2 (2018)
Government tax revenueMillions of local currencygovtax2004–202559.8 (2025)
General government tax revenueMillions of local currencygen_govtax2004–202559.8 (2025)
Central government tax revenueMillions of local currencycgovtax2008–201839.0 (2018)
General government tax revenue (% of GDP)Percent of GDPgen_govtax_GDP2004–202518.2 (2025)
Central government tax revenue (% of GDP)Percent of GDPcgovtax_GDP2008–201817.8 (2018)
Government deficit (% of GDP)Percent of GDPgovdef_GDP1997–20254.79 (2025)
General government deficit (% of GDP)Percent of GDPgen_govdef_GDP1997–20254.79 (2025)
General government deficitMillions of local currencygen_govdef1997–202515.8 (2025)
Central government deficit (% of GDP)Percent of GDPcgovdef_GDP2008–20180.789 (2018)
Central government deficitMillions of local currencycgovdef2008–20181.73 (2018)
Government debt (% of GDP)Percent of GDPgovdebt_GDP1997–202414.2 (2024)
General government debt (% of GDP)Percent of GDPgen_govdebt_GDP1997–202414.2 (2024)
General government debtMillions of local currencygen_govdebt1997–202439.9 (2024)
Central government debt (% of GDP)Percent of GDPcgovdebt_GDP2008–201941.6 (2019)
Central government debtMillions of local currencycgovdebt2008–201996.5 (2019)
Government debtMillions of local currencygovdebt1997–202439.9 (2024)
Government deficitMillions of local currencygovdef1997–202515.8 (2025)
Government expenditure (% of GDP)Percent of GDPgovexp_GDP1997–202576.3 (2025)
Government revenue (% of GDP)Percent of GDPgovrev_GDP1997–202581.1 (2025)
Government tax revenue (% of GDP)Percent of GDPgovtax_GDP2004–202518.2 (2025)

Money and interest rates

VariableCodeCoverageLatest
M2Millions of local currencyM22000–2025320.1 (2025)

Prices and labor markets

VariableCodeCoverageLatest
Consumer price indexIndex, 2015 = 100CPI2003–2024117.3 (2024)
InflationPercentinfl2000–20245.36 (2024)
PopulationMillions of peoplepop1800–20250.0388 (2025)
Unemployment ratePercentunemp1980–20219.82 (2021)

Please cite: Müller, K., Xu, C., Lehbib, M., & Chen, Z. (2025). The Global Macro Database: A New International Macroeconomic Dataset. NBER Working Paper 33714. BibTeX →