Remittance inflows to GDP in Marshall Islands, Republic of the
Marshall Islands, Republic of the: Remittance inflows to GDP was 12.7% in 2020. βΌ Falling
Remittance inflows to GDP in Marshall Islands, Republic of the, 2005β2020
Source: World Development Indicators (WDI), World Bank. Measured in %.
Analysis
The most recent figure for remittance inflows to gdp in Marshall Islands, Republic of the 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, Republic of the peaked at 18.4% in 2006 and was at its lowest, 12.7%, in 2020.
Marshall Islands, Republic of the ranks 24th of 196 countries on this measure, in the top quarter.
The long-run direction has been consistently falling across the 16 years of available data.
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, Republic of the
- 21 Cabo Verde 14.4% compare
- 22 Dominica 13.5% compare
- 23 Georgia 13.3% compare
- 25 Montenegro 12.6% compare
- 26 Guinea-Bissau 12.2% compare
- 27 Yemen, Republic of 12.0% compare
More financial sector data for Marshall Islands, Republic of the
- Official exchange rate 1 LCU per US$, period average (2025)
- Net migration -1,698 (2025)
- Net migration, annual growth rate 3.8 % change on previous year (2025)
- GDP deflator: linked series 137.5 base year varies by country (2025)
- Inflation, GDP deflator: linked series 5.7% (2025)
- Banking crisis dummy 0 1=banking crisis, 0=none (2017)
- Consolidated foreign claims of BIS reporting banks to GDP 14,442.0% (2020)
- Does the Law Grant Spouses Equal Administrative Authority Over Assets 0 (2023)
- Do Sons and Daughters Have Equal Rights to Inherit Assets From Their 0 (2023)
- Do Male and Female Surviving Spouses Have Equal Rights to Inherit 0 (2023)
Frequently asked questions
- What is remittance inflows to gdp in Marshall Islands, Republic of the?
- Remittance inflows to gdp in Marshall Islands, Republic of the 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, Republic of the?
- The highest recorded value was 18.4% in 2006.
- What is the lowest remittance inflows to gdp recorded in Marshall Islands, Republic of the?
- The lowest recorded value was 12.7% in 2020.
- How does Marshall Islands, Republic of the rank for remittance inflows to gdp?
- Marshall Islands, Republic of the ranks 24th out of 196 countries with data for 2020.
- Is remittance inflows to gdp rising or falling in Marshall Islands, Republic of the?
- 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, Republic of the 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.
Download this data
CSV Β· JSON β 16 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.