Macro Index Overview / East Asia & Pacific / MHL
Marshall Islands ยท Year 2023
Country:
Year:
Sovereign Economic Dossier ISO: MHL MH

Marshall Islands

Fiscal year ends on September 30; reporting period for national accounts data: FY.

East Asia & Pacific Upper middle income Blocs: Other Majuro

Global Rank (2023)

#99 / 205

Top 48% of global economies

Composite Score (2023)

58.9 / 100

Living Standard (2023)

$5,460

Subscore: 51.7 / 100

CPI Inflation (2023)

โ€”

Stability Score: 50 / 100

4-Pillar Structural Health Diagnostic (2023)

Harmonized subscores evaluating Output, Productivity, Inflation Stability, and External Buffer

Benchmark Weights: 35 / 25 / 25 / 15
Living Standards (35%) 51.7

Raw: $5,460 (2015 USD)

Price Stability (25%) 50

Raw: โ€” (Anchor: 3.0%)

External Solvency (25%) 100

Raw: 15.74% of GDP

Economic Scale (15%) 21.95

Raw: $0.3B Current USD

Optimal Component Weights & Peak Rank Frontier (2023)

External Solvency & Trade Surplus Driven

What we are doing here: We simulate an automated mathematical simplex across all 286 valid permutations of weights for the 4 pillars (summing to 100%) against every competing sovereign country in 2023. This discovers which weighting system maximizes Marshall Islands's global competitive ranking by accentuating its comparative strengths.

Peak Rank #1 / 205
Default Rank #99
+98 Ranks
Living Standards 0%
Baseline: 35%
Price Stability 0%
Baseline: 25%
External Solvency 100%
Baseline: 25%
Economic Scale 0%
Baseline: 15%

Policy Insight & Strategic Advantage: Marshall Islands achieves peak standing through massive current account surpluses and external asset buffers.

Under this bespoke weighting, Marshall Islands's composite score climbs to 100 (compared to 58.9 under standard multilateral weighting).

Longitudinal Trajectory & Peer Comparison Sandbox (1960โ€“2025)

Tracking Marshall Islands's multi-decade trajectory overlaid with peer benchmark economies in Year 2023

Active Comparisons:
Marshall Islands (MHL)
India (IND)
China (CHN)
United States (USA)
Germany (DEU)
Observation Year 2023 โ€ข Global Rank: #99 / 205 โ€ข Composite Score: 58.9 / 100 โ€ข Living Standard: $5,460 โ€ข Inflation: โ€”
#1#50#100#150#20019601970198019902000201020202025#99
Hover or click any node along the curve to inspect that historical year in real time
Primary: Marshall Islands Peers (Dashed)

Cross-Sectional Benchmark Standing in Year 2023

5 economies compared ยท Ordered by Global Rank
CountryRank (2023)Composite ScoreGDP per CapitaCPI InflationCurrent Account (% GDP)Nominal GDP ($)
Germany (DEU) #1681.1$44,3695.95%5.50%$4562.2B
United States (USA) #1780.0$65,6674.12%-3.34%$27811.5B
China (CHN) #3772.3$12,4840.23%1.41%$18270.4B
India (IND) #9359.5$2,2305.65%-0.91%$3500.9B
Marshall Islands (MHL) Active#9958.9$5,460โ€”15.74%$0.3B

Decade-by-Decade Historical Milestones (1970โ€“2023)

Visualizing seminal macroeconomic shifts, shocks, and structural transitions for Marshall Islands

Metric:
Selected Era: 2023 ยท Click any node to select
100755025037.719701970s39.719801980s42.219901990s42.320002000s35.920102010s58.520202020s58.92023Recent