Austrian Economics Wiki
Country summary





Government type

constitutional government in free association with the US; the Compact of Free Association entered into force on 21 October 1986 and the Amended Compact entered into force in May 2004


64,522 (July 2010 est.)[1]

Population growth

2.08% (2010 est.)[1]

Life expectancy

71.19 years[1]


36% (2006 est.)[1]

Doing Business ranking


After almost four decades under US administration as the easternmost part of the UN Trust Territory of the Pacific Islands, the Marshall Islands attained independence in 1986 under a Compact of Free Association. Compensation claims continue as a result of US nuclear testing on some of the atolls between 1947 and 1962. The Marshall Islands hosts the US Army Kwajalein Atoll (USAKA) Reagan Missile Test Site, a key installation in the US missile defense network.[1]

Economical characteristics[]

  • Currency: United States dollar (ISO code: USD)
  • This country does not seem to have a central bank.


Statistic / Year 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
GDP (million USD)[3] 95.360 107.573 110.480 119.286 123.788 130.737 137.575 143.891 149.219 158.400
Govt. debt (% of GDP)[4]
Govt. revenue (% of GDP)[5]
Govt. expenses (% of GDP)[6]
Debt to revenue (years)


Note: statistical data was rounded. Different sources may use different methodologies for their estimates. Debt to revenue is calculated by dividing the two variables from their original ('unrounded') values. It represents how long it would a government take to repay its entire debt if it used its whole revenue for this purpose.

  1. 1.0 1.1 1.2 1.3 1.4 CIA - The World Facebook. "Marshall Islands", from The World Facebook. Referenced 2010-10-05.
  2. Doing Business. "Marshall Islands", Doing Business 2010 (part of The World Bank Group). A lower ranking is better; but please be careful when comparing between different countries or years. Referenced 2010-10-05.
  3. World Bank. "Marshall Islands: GDP", from World Bank Data. Referenced 2010-10-05.
  4. World Bank. "Marshall Islands: government debt", from World Bank Data. Referenced 2010-10-05.
  5. World Bank. "Marshall Islands: government revenue", from World Bank Data. Referenced 2010-10-05.
  6. World Bank. "Marshall Islands: government expenses", from World Bank Data. Referenced 2010-10-05.

External links[]