FACTOID # 11: The top ten tourist destinations France, Spain, USA, Italy, China, UK, Austria, Mexico, Germany and Canada account for 49.6 percent of all tourist arrivals worldwide.
 
 Home   Encyclopedia   Statistics   Countries A-Z   Flags   Maps   Education   Forum   FAQ   About 
 
 
 
WHAT'S NEW
 

FACTS & STATISTICS    Simple view

  1. Select countries to view: (hold down Control key and click to select several)

     

     

    Compare:

     

     
  1. Select fact or statistic: (* = graphable)

     

     

     

  2. (OPTIONAL) Compare to statistic: (both need to be graphable)

     

     

     

  3. View result as:

     

       
(OR) SEARCH ALL encyclopedia, stats & forums:   

Oceania > Marshall Islands > Economy

MARSHALLESE ECONOMY STATS:   Top Stats   All Stats  
View this page with:    Just Stats   Sources   Definitions   Both  
Adjusted savings: consumption of fixed capital > % of GNI 8.56 % of GNI Time series [139th of 181]
Agriculture > products
coconuts, tomatoes, melons, taro, breadfruit, fruits; pigs, chickens
Aid > % of GNI 31.43 % of GNI Time series [10th of 155]
Aid per capita > current US$ 894 $ Time series [4th of 169]
Asian countries by GDP per capita > GDP Per capita $1,600.00 [47th of 54]
Budget > Expenditures $40,000,000.00 Time series [17th of 165]
    Budget > Expenditures (per $ GDP) $0.42 per $1 of GDP Time series [2nd of 155]
    Budget > Expenditures (per capita) $785.72 per capita Time series [7th of 164]
Budget > Revenues $42,000,000.00 Time series [17th of 166]
    Budget > Revenues (per $ GDP) $0.44 per $1 of GDP Time series [1st of 157]
    Budget > Revenues (per capita) $825.00 per capita Time series [7th of 165]
Business disclosure index 2 Time series [140th of 158]
Cost of business start-up procedures > % of GNI per capita 18.1 % Time series [100th of 170]
Currency US dollar Time series
Currency code USD Time series
Debt > External $86,500,000.00 Time series [119th of 136]
    Debt > External (per $ GDP) $675.45 per 1,000 $ of GDP Time series [31st of 125]
    Debt > External (per capita) $1,466.07 per capita Time series [49th of 136]
Ease of doing business index 87 Time series [88th of 171]
Economic aid > Recipient $56,560,000.00 Time series [100th of 134]
Economy > Overview
US Government assistance is the mainstay of this tiny island economy. The Marshall Islands received more than $1 billion in aid from the US from 1986-2002. Agricultural production, primarily subsistence, is concentrated on small farms; the most important commercial crops are coconuts and breadfruit. Small-scale industry is limited to handicrafts, tuna processing, and copra. The tourist industry, now a small source of foreign exchange employing less than 10% of the labor force, remains the best hope for future added income. The islands have few natural resources, and imports far exceed exports. Under the terms of the Amended Compact of Free Association, the US will provide millions of dollars per year to the Marshall Islands (RMI) through 2023, at which time a Trust Fund made up of US and RMI contributions will begin perpetual annual payouts. Government downsizing, drought, a drop in construction, the decline in tourism, and less income from the renewal of fishing vessel licenses have held GDP growth to an average of 1% over the past decade.
Entrepreneurship > Closing a Business > Index ranking 133 [23rd of 155]
Entrepreneurship > Dealing with Licenses > Cost (% of income per capita) 36.9 % [133rd of 150]
Entrepreneurship > Dealing with Licenses > Index ranking 4 [147th of 150]
Entrepreneurship > Dealing with Licenses > Procedures (number) 6 [148th of 150]
Entrepreneurship > Dealing with Licenses > Time (days) 76 [142nd of 150]
Entrepreneurship > Ease of Doing Business > Index ranking 48 [108th of 155]
Entrepreneurship > Enforcing Contracts > Cost (% of debt) 95.9 % [10th of 154]
Entrepreneurship > Enforcing Contracts > Index ranking 135 [21st of 155]
Entrepreneurship > Enforcing Contracts > Procedures (number) 34 [58th of 152]
Entrepreneurship > Enforcing Contracts > Time (days) 440 [47th of 154]
Entrepreneurship > Getting Credit > Credit Information Index 0 [112nd of 154]
Entrepreneurship > Getting Credit > Index ranking 95 [60th of 154]
Entrepreneurship > Getting Credit > Legal Rights Index 6 [39th of 153]
Entrepreneurship > Getting Credit > Private bureau coverage (% adults) 0 % [104th of 153]
Entrepreneurship > Getting Credit > Public registry coverage (% adults) 0 % [103rd of 153]
Entrepreneurship > Hiring & Firing Workers > Difficulty of Firing Index 0 [148th of 154]
Entrepreneurship > Hiring & Firing Workers > Difficulty of Hiring Index 22 [98th of 154]
Entrepreneurship > Hiring & Firing Workers > Firing costs (weeks of wages) 0 [148th of 154]
Entrepreneurship > Hiring & Firing Workers > Hiring cost (% of salary) 10.5 % [101st of 154]
Entrepreneurship > Hiring & Firing Workers > Rigidity of Employment Index 7 [147th of 154]
Entrepreneurship > Hiring & Firing Workers > Rigidity of Hours Index 0 [143rd of 154]
Entrepreneurship > Hiring and Firing > Index ranking 9 [146th of 154]
Entrepreneurship > Paying Taxes > Index ranking 39 [116th of 154]
Entrepreneurship > Paying Taxes > Payments (number) 20 [109th of 153]
Entrepreneurship > Paying Taxes > Time (hours) 160 [101st of 145]
Entrepreneurship > Paying Taxes > Total tax payable (% gross profit) 42.6 % [90th of 153]
Entrepreneurship > Protecting Investors > Director Liability Index 0 [142nd of 145]
Entrepreneurship > Protecting Investors > Disclosure Index 2 [122nd of 145]
Entrepreneurship > Protecting Investors > Index ranking 131 [15th of 145]
Entrepreneurship > Protecting Investors > Investor Protection Index 3.3 [132nd of 145]
Entrepreneurship > Protecting Investors > Shareholder Suits Index 8 [17th of 145]
Entrepreneurship > Registering Property > Cost (% of property value) 1.7 % [127th of 152]
Entrepreneurship > Registering Property > Index ranking 15 [138th of 152]
Entrepreneurship > Registering Property > Procedures (number) 4 [116th of 152]
Entrepreneurship > Registering Property > Time (days) 12 [130th of 152]
Entrepreneurship > Starting a Business > Cost (% GNI per capita) 27.4 % [70th of 154]
Entrepreneurship > Starting a Business > Duration (days) 22 [120th of 154]
Entrepreneurship > Starting a Business > Index ranking 22 [134th of 155]
Entrepreneurship > Starting a Business > Min. Capital (% GNI per capita) 0 % [111st of 154]
Entrepreneurship > Starting a Business > Procedures (number) 7 [123rd of 154]
Entrepreneurship > Trading Across Borders > Documents for import (number) 6 [138th of 154]
Entrepreneurship > Trading Across Borders > Index ranking 25 [131st of 155]
Entrepreneurship > Trading Across Borders > Signatures for import (number) 6 [107th of 154]
Entrepreneurship > Trading Across Borders > Time for import (days) 14 [134th of 154]
Exchange rates
the US dollar is the legal tender
Exchange rates > Recent years the US dollar is used
Exports $9,100,000.00 Time series [11th of 189]
    Exports (per $ GDP) $0.08 per $1 of GDP Time series [9th of 173]
    Exports (per capita) $172.28 per capita Time series [9th of 186]
Exports > Commodities
copra cake, coconut oil, handicrafts, fish
Exports > Partners
US, Japan, Australia, China
Exports of goods and services as % of GDP 8.12 [162nd of 164]
Exports to US $15,500,000.00 [127th of 224]
    Exports to US (per $ GDP) $13.48 per $100 [4th of 213]
    Exports to US (per capita) $262.40 per person [21st of 211]
external debt > Date of information FY99/00 est.
Fiscal year 1 October - 30 September Time series
GDP $154,500,000.00 Time series [169th of 203]
GDP (official exchange rate) $144,000,000.00 Time series [190th of 192]
    GDP (official exchange rate) (per capita) $2,276.10 per capita Time series [107th of 192]
    GDP (per capita) $2,363.01 per capita Time series [92nd of 201]
GDP (purchasing power parity) $115,000,000.00 Time series [6th of 187]
GDP > CIA Factbook $115,000,000.00 Time series [12th of 192]
    GDP > CIA Factbook (per capita) $2,098.31 per capita Time series [6th of 183]
GDP > Composition by sector > Agriculture 31.7% Time series [4th of 146]
GDP > Composition by sector > Industry 14.9% Time series [30th of 146]
GDP > Composition by sector > Services 53.4% Time series [19th of 146]
GDP > constant 2000 US$ 128,874,700 constant 2000 US$ Time series [165th of 186]
    GDP > constant 2000 US$ (per capita) 2,037.026 constant 2000 US$ per c Time series [80th of 187]
GDP > constant LCU 73123600 Time series
GDP > current LCU 144357000 Time series
GDP > Real growth rate 3.5% Time series [125th of 198]
GDP deflator 197.42 Time series [73rd of 188]
GDP growth > annual % 3.5 annual % Time series [109th of 187]
GDP per capita > constant 2000 US$ 2,037.03 constant 2000 US$ Time series [80th of 182]
GDP per capita > constant LCU 1155.81 Time series
GDP per capita growth > annual % 0.15 annual % Time series [154th of 183]
GDP sector composition > Indus. 14.9 % [174th of 196]
GDP sector composition > Serv. 53.4 % [118th of 196]
GNI > current LCU 179957000 Time series
GNI > current US$ 179,957,000 $ Time series [166th of 183]
    GNI > current US$ (per $ GDP) 1.247 $ per $1 of GDP Time series [2nd of 194]
    GNI > current US$ (per capita) 2,844.446 $ per capita Time series [76th of 196]
GNI, Atlas method > current US$ 185,139,900 $ Time series [160th of 180]
    GNI, Atlas method > current US$ (per $ GDP) 1.283 $ per $1 of GDP Time series [3rd of 191]
    GNI, Atlas method > current US$ (per capita) 2,926.368 $ per capita Time series [68th of 191]
Gross National Income $114,854,000.00 [168th of 172]
    Gross National Income (per $ GDP) $99.87 per $100 [5th of 170]
    Gross National Income (per capita) $1,944.34 per person [76th of 172]
Gross value added at factor cost > current LCU 129579000 Time series
Gross value added at factor cost > current US$ 129,579,000 $ Time series [137th of 162]
    Gross value added at factor cost > current US$ (per $ GDP) 0.898 $ per $1 of GDP Time series [75th of 175]
    Gross value added at factor cost > current US$ (per capita) 2,048.158 $ per capita Time series [73rd of 175]
Imports $54,700,000.00 Time series [12th of 185]
    Imports (per $ GDP) $0.49 per $1 of GDP Time series [5th of 168]
    Imports (per capita) $1,035.56 per capita Time series [9th of 185]
Imports > Commodities
foodstuffs, machinery and equipment, fuels, beverages and tobacco
Imports > Partners
US, Japan, Australia, NZ, Singapore, Fiji, China, Philippines
Imports from US $7,000,000.00 [152nd of 224]
    Imports from US (per $ GDP) $6.09 per $100 [5th of 213]
    Imports from US (per capita) $118.50 per person [50th of 211]
Imports of goods and services as % of GDP 72.69 [30th of 164]
Industries
copra, tuna processing, tourism, craft items (from seashells, wood, and pearls)
Industry > Value added 16.13 (2000)
Inflation rate (consumer prices) 3% Time series [117th of 192]
Inflation, GDP deflator > annual % 2.99 annual % Time series [123rd of 186]
International tourism, number of arrivals 9,000 Time series [147th of 190]
International tourism, receipts > current US$ 4,000,000 $ Time series [140th of 148]
    International tourism, receipts > current US$ (per $ GDP) 32.242 $ per $1,000 of GDP Time series [74th of 160]
    International tourism, receipts > current US$ (per capita) 70.342 $ per capita Time series [78th of 164]
Legal rights of borrowers and lenders index 5 Time series [87th of 169]
Merchandise exports > current US$ 9,000,000 $ Time series [190th of 193]
    Merchandise exports > current US$ (per $ GDP) 0.062 $ per $1,000 of GDP Time series [167th of 187]
    Merchandise exports > current US$ (per capita) 142.256 $ per capita Time series [148th of 193]
Merchandise imports > current US$ 140,000,000 $ Time series [186th of 192]
    Merchandise imports > current US$ (per $ GDP) 0.97 $ per $1 of GDP Time series [7th of 187]
    Merchandise imports > current US$ (per capita) 2,212.875 $ per capita Time series [72nd of 192]
Merchandise trade > % of GDP 103.22 % Time series [36th of 183]
Net income from abroad > current LCU 35600000 Time series
Net income from abroad > current US$ 35,600,000 $ Time series [30th of 180]
    Net income from abroad > current US$ (per $ GDP) 246.611 $ per $1,000 of GDP Time series [2nd of 191]
    Net income from abroad > current US$ (per capita) 562.703 $ per 1,000 people Time series [5th of 191]
Official development assistance and official aid > current US$ 56,560,000 $ Time series [106th of 172]
    Official development assistance and official aid > current US$ (per $ GDP) 391.806 $ per $1 million of GDP Time series [7th of 168]
    Official development assistance and official aid > current US$ (per capita) 894.002 $ per 1,000 people Time series [4th of 173]
Services, etc., value added > current LCU 63657000 Time series
Services, etc., value added > current US$ 63,657,000 $ Time series [167th of 172]
    Services, etc., value added > current US$ (per $ GDP) 0.668 $ per $1 of GDP Time series [13th of 181]
    Services, etc., value added > current US$ (per capita) 1,250.41 $ per capita Time series [71st of 181]
Tourism receipts, international $4,000,000.00 Time series [181st of 187]
    Tourism receipts, international (per $ GDP) $32.24 per $1,000 of GDP Time series [96th of 180]
    Tourism receipts, international (per capita) $70.34 per capita Time series [91st of 184]
Tourist arrivals 6,000 [149th of 152]
    Tourist arrivals (per capita) 101.573 per 1,000 people [79th of 152]
Tourist arrivals by region of origin > Americas 1,721 Time series [168th of 191]
Tourist arrivals by region of origin > Asia, East and South East/Oceania 5,577 Time series [124th of 172]
Tourist arrivals by region of origin > Europe 160 Time series [178th of 195]
Tourist arrivals by region of origin > Region not specified 1,715 Time series [95th of 151]
Tourist arrivals by region of origin > Total 9,173 Time series [179th of 198]
Trade balance with US -$8,500,000.00 [132nd of 224]
    Trade balance with US (per $ GDP) -$7.39 per $100 [211st of 213]
    Trade balance with US (per capita) -$143.90 per person [197th of 211]
Trade with US > US exports of agric farming-unmanufactured 0 [169th of 181]
Trade with US > US exports of agric industry-unmanufactured 0 [165th of 183]
Trade with US > US exports of agricultural machinery, equipment 0 [184th of 188]
Trade with US > US exports of alcoholic beverages, excluding wine 34 [107th of 146]
Trade with US > US exports of aluminum and alumina 0 [140th of 159]
Trade with US > US exports of animal feeds, nec 21 [124th of 168]
Trade with US > US exports of apparel, household goods > textile 16 [171st of 202]
Trade with US > US exports of apparel,household goods-nontextile 21 [149th of 196]
Trade with US > US exports of artwork, antiques, stamps, etc 0 [162nd of 184]
Trade with US > US exports of automotive tires and tubes 35 [121st of 174]
Trade with US > US exports of bakery products 180 [100th of 183]
Trade with US > US exports of books, printed matter 324 [103rd of 206]
Trade with US > US exports of business machines and equipment 173 [113rd of 194]
Trade with US > US exports of chemicals-inorganic 5 [154th of 192]
Trade with US > US exports of chemicals-organic 17 [160th of 192]
Trade with US > US exports of chemicals-other 430 [127th of 206]
Trade with US > US exports of civilian aircraft 0 [140th of 161]
Trade with US > US exports of coal and fuels, other 0 [94th of 112]
Trade with US > US exports of commercial vessels, other 0 [134th of 155]
Trade with US > US exports of computer accessories 100 [175th of 211]
Trade with US > US exports of computers 70 [167th of 206]
Trade with US > US exports of cookware, cutlery, tools 10 [141st of 184]
Trade with US > US exports of copper 0 [121st of 138]
Trade with US > US exports of corn 0 [159th of 171]
Trade with US > US exports of cotton fiber cloth 0 [169th of 182]
Trade with US > US exports of dairy products and eggs 326 [82nd of 162]
Trade with US > US exports of drilling & oilfield equipment 12 [152nd of 194]
Trade with US > US exports of electric apparatus 100 [164th of 207]
Trade with US > US exports of engines-civilian aircraft 687 [76th of 178]
Trade with US > US exports of excavating machinery 92 [155th of 198]
Trade with US > US exports of finished metal shapes 566 [122nd of 204]
Trade with US > US exports of finished textile supplies 4 [158th of 197]
Trade with US > US exports of fish and shellfish 46 [123rd of 169]
Trade with US > US exports of food, tobacco machinery 65 [137th of 202]
Trade with US > US exports of fruits, frozen juices 39 [124th of 178]
Trade with US > US exports of furniture, household goods, etc 233 [112nd of 202]
Trade with US > US exports of generators, accessories 107 [137th of 202]
Trade with US > US exports of glass-plate, sheet, etc 0 [146th of 163]
Trade with US > US exports of glassware, chinaware 10 [122nd of 169]
Trade with US > US exports of hair, waste materials 3 [130th of 169]
Trade with US > US exports of household appliances 345 [117th of 202]
Trade with US > US exports of industrial engines 224 [136th of 207]
Trade with US > US exports of industrial machines, other 204 [159th of 213]
Trade with US > US exports of industrial rubber products 0 [170th of 185]
Trade with US > US exports of jewelry, etc 8 [150th of 184]
Trade with US > US exports of laboratory testing instruments 439 [104th of 206]
Trade with US > US exports of logs and lumber 1,051 [80th of 178]
Trade with US > US exports of manmade cloth 0 [172nd of 182]
Trade with US > US exports of marine engines, parts 6 [153rd of 190]
Trade with US > US exports of materials handling equipment 541 [123rd of 202]
Trade with US > US exports of measuring, testing, control instruments 85 [175th of 209]
Trade with US > US exports of meat, poultry, etc 1,919 [74th of 190]
Trade with US > US exports of medicinal equipment 82 [170th of 209]
Trade with US > US exports of metalworking machine tools 3 [166th of 197]
Trade with US > US exports of military apparel and footwear 0 [128th of 148]
Trade with US > US exports of mineral supplies-manufactured 4 [150th of 181]
Trade with US > US exports of minimum value shipments 1,800 [132nd of 210]
Trade with US > US exports of musical instruments 8 [154th of 191]
Trade with US > US exports of natural gas liquids 150 [43rd of 116]
Trade with US > US exports of newsprint 570 [101st of 195]
Trade with US > US exports of nonfarm tractors and parts 0 [160th of 170]
Trade with US > US exports of nonferrous metals, other 0 [139th of 155]
Trade with US > US exports of nonmetallic minerals 0 [143rd of 156]
Trade with US > US exports of nontextile floor tiles 66 [82nd of 159]
Trade with US > US exports of nuclear fuel materials 5 [93rd of 132]
Trade with US > US exports of nuts 54 [113rd of 156]
Trade with US > US exports of oilseeds, food oils 175 [101st of 175]
Trade with US > US exports of other foods 2,442 [97th of 206]
Trade with US > US exports of other household goods 39 [167th of 209]
Trade with US > US exports of other industrial supplies 44 [166th of 209]
Trade with US > US exports of parts for military-type goods 17 [125th of 178]
Trade with US > US exports of parts-civilian aircraft 48 [165th of 206]
Trade with US > US exports of petroleum products, other 0 [179th of 191]
Trade with US > US exports of pharmaceutical preparations 357 [136th of 207]
Trade with US > US exports of photo, service industry machinery 190 [142nd of 210]
Trade with US > US exports of plastic materials 12 [169th of 207]
Trade with US > US exports of pleasure boats and motors 52 [133rd of 187]
Trade with US > US exports of pulp and paper machinery 37 [136th of 195]
Trade with US > US exports of pulpwood and woodpulp 0 [124th of 143]
Trade with US > US exports of railway transportation equipment 0 [159th of 171]
Trade with US > US exports of records, tapes, and disks 29 [149th of 199]
Trade with US > US exports of rice 393 [82nd of 173]
Trade with US > US exports of rugs 27 [110th of 174]
Trade with US > US exports of semiconductors 0 [196th of 199]
Trade with US > US exports of shingles, molding, wallboard 82 [134th of 195]
Trade with US > US exports of specialized mining 0 [140th of 160]
Trade with US > US exports of sports apparel and gear 28 [130th of 185]
Trade with US > US exports of stereo equipment, etc 0 [175th of 188]
Trade with US > US exports of tapes, audio and visual 0 [156th of 173]
Trade with US > US exports of telecommunications equipment 364 [166th of 211]
Trade with US > US exports of tobacco, manufactured 0 [140th of 154]
Trade with US > US exports of toiletries and cosmetics 70 [143rd of 197]
Trade with US > US exports of toysgamessporting goods 51 [155th of 207]
Trade with US > US exports of tvs, vcrs, etc 12 [157th of 196]
Trade with US > US exports of vegetables 7 [172nd of 194]
Trade with US > US exports of wheat 646 [97th of 153]
Trade with US > US exports of wine and related products 709 [45th of 153]
Trade with US > US exports of wood supplies, manufactured 14 [122nd of 170]
Trade with US > US exports of wood, glass, plastic 0 [171st of 187]
Trade with US > US exports of writing and art supplies 283 [125th of 203]
Trade with US > US imports of apparel and household goods-cotton 0 [184th of 195]
Trade with US > US imports of bauxite and aluminum 0 [88th of 115]
Trade with US > US imports of computers 0 [142nd of 167]
Trade with US > US imports of copper 15 [56th of 87]
Trade with US > US imports of feedstuff and foodgrains 176 [51st of 115]
Trade with US > US imports of finished textile industrial supplies 0 [130th of 141]
Trade with US > US imports of fish and shellfish 6,035 [63rd of 162]
Trade with US > US imports of food oils and oilseeds 1,641 [39th of 112]
Trade with US > US imports of furniture, household items, baskets 0 [166th of 183]
Trade with US > US imports of generators, transformers, and accessories 0 [140th of 159]
Trade with US > US imports of jewelry watches, rings, etc 0 [143rd of 159]
Trade with US > US imports of marine engines and parts 0 [68th of 98]
Trade with US > US imports of minimum value shipments 3,529 [70th of 208]
Trade with US > US imports of other industrial machinery 0 [157th of 174]
Trade with US > US imports of other materials, except chemicals 125 [49th of 117]
Trade with US > US imports of records, tapes, and disks 0 [122nd of 140]
Trade with US > US imports of semiconductors and related devices 0 [152nd of 175]
Trade with US > US imports of sulfur and nonmetallic minerals 0 [85th of 110]
Trade with US > US imports of telecommunications equipment 0 [165th of 179]

SOURCES: World Development Indicators database; CIA World Factbook, 28 July 2005; Wikipedia: List of Asian countries by GDP per capita ; All CIA World Factbooks 18 December 2003 to 18 December 2008; Doing Business, Economy Rankings, 2005.; Doing Business ; Doing Business ; Doing Business ; Doing Business ; Doing Business ; Doing Business ; Doing Business ; Doing Business ; Doing Business ; CIA World Factbook, 22 August 2006 ; ; US Census Bureau; Wikipedia: List of countries by external debt ; World Development Indicators database and CIA World Factbook; Wikipedia: List of countries by GDP sector composition ; World Bank. 2002. World Development Indicators 2002. CD-ROM. Washington, DC; Source: World Tourism Organization Statistics Database and Yearbook | United Nations World Tourism Organization; United Nations World Statistics Pocketbook and Statistical Yearbook; FTDWebMaster, Foreign Trade Division, U.S. Census Bureau

ALTERNATIVE NAMES: Marshall Islands, Republic of the Marshall Islands

Related links:

More facts and figures on Marshall Islands
 

COMMENTARY     


Share your thoughts, questions and commentary here
Your name
Your comments
Please enter the 5-letter protection code

Want to know more?
Search encyclopedia, statistics and forums:
 


Lesson Plans | Student Area | Student FAQ | Reviews | Press Releases |  Feeds | Contact
© Copyright NationMaster.com 2003-2009. All Rights Reserved. Usage implies agreement with terms.