Remittance inflows to GDP in Marshall Islands
Marshall Islands: Remittance inflows to GDP was 12.7% in 2020. ▼ Falling
Remittance inflows to GDP in Marshall Islands, 2005–2020
Source: World Development Indicators (WDI), World Bank. Measured in %.
Analysis
The most recent figure for remittance inflows to gdp in Marshall Islands is 12.7%, measured in 2020. That is the lowest value across all 16 years on record.
That represents a change of down 3.4% on the previous year and down 8.4% over ten years.
Over the whole period, remittance inflows to gdp in Marshall Islands peaked at 18.4% in 2006 and was at its lowest, 12.7%, in 2020.
Marshall Islands ranks 25th of 197 countries on this measure, in the top quarter.
The long-run direction has been consistently falling across the 16 years of available data.
Remittance inflows to GDP in Marshall Islands, year by year
| Year | % | Change |
|---|---|---|
| 2005 | 17.4% | — |
| 2006 | 18.4% | +5.6% |
| 2007 | 16.9% | -7.7% |
| 2008 | 15.2% | -10.4% |
| 2009 | 15.7% | +3.7% |
| 2010 | 13.8% | -12.1% |
| 2011 | 12.9% | -7.1% |
| 2012 | 12.9% | +0.1% |
| 2013 | 13.3% | +3.2% |
| 2014 | 14.3% | +7.8% |
| 2015 | 14.9% | +3.9% |
| 2016 | 14.1% | -5.4% |
| 2017 | 14.3% | +1.6% |
| 2018 | 14.2% | -0.6% |
| 2019 | 13.1% | -7.5% |
| 2020 | 12.7% | -3.4% |
Marshall Islands compared with similar countries
- Marshall Islands's 12.7% is above the median for upper middle income countries, which is 4.0%, 3.1× the median. (58 countries reporting)
- Marshall Islands's 12.7% is above the median for East Asia & Pacific, which is 2.3%, 5.5× the median. (32 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 16.7% | 15.2% | 18.4% | 5 |
| 2010s | 13.8% | 12.9% | 14.9% | 10 |
| 2020s | 12.7% | 12.7% | 12.7% | 1 |
Countries ranked near Marshall Islands
- 22 Cape Verde 14.4% compare
- 23 Dominica 13.5% compare
- 24 Georgia 13.3% compare
- 26 Montenegro 12.6% compare
- 27 Guinea-Bissau 12.2% compare
- 28 Yemen 12.0% compare
More financial sector data for Marshall Islands
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0016 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 13.23 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0011 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 9.66 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0016 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 13.23 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is remittance inflows to gdp in Marshall Islands?
- Remittance inflows to gdp in Marshall Islands was 12.7% in 2020, according to World Development Indicators (WDI), World Bank.
- What is the highest remittance inflows to gdp recorded in Marshall Islands?
- The highest recorded value was 18.4% in 2006.
- What is the lowest remittance inflows to gdp recorded in Marshall Islands?
- The lowest recorded value was 12.7% in 2020.
- How does Marshall Islands rank for remittance inflows to gdp?
- Marshall Islands ranks 25th out of 197 countries with data for 2020.
- Is remittance inflows to gdp rising or falling in Marshall Islands?
- Over the last ten years it is down 8.4%. The long-run trend across the full record is falling.
- Where does this Marshall Islands data come from?
- The figures come from World Development Indicators (WDI), World Bank, published as part of Remittance inflows to GDP (%). Statizoid updates them automatically from the source API.
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About this data
Workers' remittances and compensation of employees comprise current transfers by migrant workers and wages and salaries earned by nonresident workers. Data are the sum of three items defined in the fifth edition of the IMF's Balance of Payments Manual: workers' remittances, compensation of employees, and migrants' transfers. Remittances are classified as current private transfers from migrant workers resident in the host country for more than a year, irrespective of their immigration status, to recipients in their country of origin. Migrants' transfers are defined as the net worth of migrants who are expected to remain in the host country for more than one year that is transferred from one country to another at the time of migration. Compensation of employees is the income of migrants who have lived in the host country for less than a year.