Marshall Islands - Gross domestic product in current prices

0.26 (billion US dollars) in 2021

In 2021, GDP for Marshall Islands was 0.26 billion US dollars. Between 2002 and 2021, GDP of Marshall Islands grew substantially from 0.13 to 0.26 billion US dollars rising at an increasing annual rate that reached a maximum of 9.24% in 2016 and then decreased to 5.33% in 2021.

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What is GDP?

GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates.

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What is Marshall Islands GDP?