Marshall Islands - Income

The US Central Intelligence Agency (CIA) reports that in 2001 the Marshall Islands' gross domestic product (GDP) was estimated at $115 million. The per capita GDP was estimated at $1,600. The annual growth rate of GDP was estimated at 1%. The average inflation rate in 1999 was 1.9%. The CIA defines GDP as the value of all final goods and services produced within a nation in a given year and computed on the basis of purchasing power parity (PPP) rather than value as measured on the basis of the rate of exchange. It was estimated that agriculture accounted for 14% of GDP, industry 16%, and services 70%. Foreign aid receipts amounted to about $1,410 per capita and accounted for approximately 64% of the gross national income (GNI).