Marshall Islands

The Marshall Islands' living standards look far weaker once prices are counted. Output per person is US$8,489, 95th of 196, but on a purchasing-power basis it falls to $8,964 international dollars, 141st, a 46-place drop that reflects high local prices.

At US$308 million, the economy ranks 194th, unchanged, between Palau and Nauru, and is smaller than any U.S. metro area, at 12% of Eagle Pass, TX. US$ GDP rose 8.1% in 2025 against real growth of +2.3%; the 5.8-percentage-point gap was mostly exchange-rate and price effects, not output.

Services account for 68.2% of output, agriculture 19.9% and industry 13.4%, with manufacturing at 3.2%, all as of 2024. Inflation was 4.1% and government gross debt 8.8% of GDP. With a population of 36,282, GDP has grown 2.7x since 2000, when it stood at US$115 million and ranked 190th of 194. The IMF projects US$418 million by 2030, a rise of +36% that would place the islands 186th among economies with forecasts.