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ECON FACTBOOK

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Economy of the Marshall Islands

Population: 53 thousand in 20131

GDP: $175 million in 20132

GDP per capita: $3,627 nominal3 ($3,710 PPP4) in 2013

GDP growth rate: 3.0% in 20135

Industries

GDP by Industry 20126

Industry sectorValue added ($ millions) 2012Percent of total
Other activities8547.9%
Wholesale, retail trade, restaurants and hotels2816.0%
Agriculture, hunting, forestry, fishing2715.0%
Transport, storage and communication148.1%
Construction105.8%
Mining and utilities84.2%
Manufacturing53.0%
Total value added177100%

Employment

Unemployment rate: 36% in 20067

Employment by Industry 8

Employment sectorPercent of total
Services73%
Industry16%
Agriculture11%
Total100%

Corporations

Top 10 Corporations by Revenue 20139

N/A

Households

Household Wealth: N/A

Household Wealth per Adult: N/A

Gini Coefficient: N/A

Government

Central Government

Central Government Revenue: $105 million (60% of GDP) in 201310

Central Government Expenditure: $105 million (60% of GDP) in 201310

Central Government Budget Balance: $0 million (0% of GDP) in 201310

Central Government Public Debt: $99 million (57% of GDP) in 200611

Central Government 10 Year Bond Interest Rate: N/A

Government Funds

N/A

Tax Structure

Individual Income Tax Rates and Thresholds: N/A

Corporate Tax Rate: N/A

Monetary Policy

Monetary Base (M0, United States): $3.99 trillion on Dec 24, 201412

Benchmark Interest Rate (United States): 0.25% on Dec 31 201413

Total Reserves: N/A

Exchange Rate: Adopted the U.S. Dollar as the official currency

Inflation: N/A

Financial Institutions

Top 10 Financial Institutions by Assets 201314

N/A (data not available at Relbanks.com)

International Accounts

Exports: $50 million (29% of GDP) in 201315

Imports: $119 million (68% of GDP) in 201315

Trade Balance: -$69 million (-39% of GDP) in 201316

Foreign Direct Investment Inflow: $23 million (13% of GDP) in 201317

Foreign Direct Investment Outflow: N/A

Foreign Aid Inflow: $76 million (43% of GDP) in 201218

Foreign Aid Outflow: N/A

References

1. Source: World Bank Indicators (Population) Go back
2. Source: World Bank Indicators (GDP) Go back
3. Source: World Bank Indicators (GDP per capita) Go back
4. Source: World Bank Indicators (GDP per capita PPP) Go back
5. Source: World Bank Indicators (GDP growth rate) Go back
6. Source: United Nations Statistics Division (GDP by industry) Go back
7. Source: CIA World Factbook (Unemployment rate) Go back
8. Source: CIA World Factbook (Employment by economic activity) Go back
9. Source: Annual reports (Corporate data) Go back
10. Source: CIA World Factbook (Government budget) Go back
11. Source: Marshall Islands Economic Policy Planning and Statistics Office (Public debt) Go back
12. Source: Federal Reserve Bank of St. Louis (Monetary base) Go back
13. Source: Federal Reserve Bank of New York (Benchmark interest rate) Go back
14. Source: World Bank Indicators (Inflation rate) Go back
15. Source: Relbanks.com (Financial institutions by assets) Go back
16. Source: CIA World Factbook (Trade data) Go back
17. Source: World Bank Indicators (FDI data) Go back
18. Source: World Bank Indicators (Aid data) Go back