National Debt (% of GDP): Marshall Islands
Marshall Islands's national debt (% of gdp) is currently 14.9% as of 2026. # Marshall Islands National Debt (% of GDP) Marshall Islands' national debt stood at 14.
Current (2026)
14.9%
+40.6% y/y
Peak (2004)
46.8%
Low (1997)
8.7%
Source
IMF World Economic Outlook
1997–2026 · 34 pts
National Debt (% of GDP) — Marshall Islands
1997 — 2026
National Debt (% of GDP) — Marshall Islands
Analysis# Marshall Islands National Debt (% of GDP)
Marshall Islands' national debt stood at 14.9% of GDP in 2026, a substantial recovery from its crisis peak of 46.8% in 2004. The current level remains well above the all-time low of 8.7% recorded in 1997, reflecting a 71.3% increase over the three-decade period. Despite the historically elevated baseline, the country has achieved remarkable fiscal consolidation in recent years.
The most dramatic shift occurred between 2017 and 2025, when debt-to-GDP fell from 26.5% to 10.6%—a decline of 16 percentage points in just eight years. This downward momentum reversed slightly in 2026 with a rise to 14.9%, though projections suggest stabilization around current levels going forward. The recent trajectory demonstrates sustained commitment to debt reduction, positioning Marshall Islands favorably compared to its early-2000s vulnerability.
Historical Data
34 Rows| Year | Value | Change % |
|---|---|---|
| 2030 | 10.9% | -4.39% |
| 2029 | 11.4% | -4.20% |
| 2028 | 11.9% | -9.85% |
| 2027 | 13.2% | -11.41% |
| 2026 | 14.9% | +40.57% |
| 2025 | 10.6% | -19.70% |
| 2024 | 13.2% | -27.47% |
| 2023 | 18.2% | -8.08% |
| 2022 | 19.8% | -1.49% |
| 2021 | 20.1% | -7.37% |
| 2020 | 21.7% | -13.55% |
| 2019 | 25.1% | +1.62% |
| 2018 | 24.7% | -6.79% |
| 2017 | 26.5% | -9.25% |
| 2016 | 29.2% | -13.86% |
| 2015 | 33.9% | -2.87% |
| 2014 | 34.9% | +4.49% |
| 2013 | 33.4% | -11.17% |
| 2012 | 37.6% | +4.74% |
| 2011 | 35.9% | -7.47% |
Show all 34 rows
| Year | Value | Change % |
|---|---|---|
| 2010 | 38.8% | -5.83% |
| 2009 | 41.2% | -6.58% |
| 2008 | 44.1% | +4.50% |
| 2007 | 42.2% | -4.95% |
| 2006 | 44.4% | -3.06% |
| 2005 | 45.8% | -2.14% |
| 2004 | 46.8% | +7.09% |
| 2003 | 43.7% | +17.47% |
| 2002 | 37.2% | +13.76% |
| 2001 | 32.7% | +19.78% |
| 2000 | 27.3% | +4.60% |
| 1999 | 26.1% | +44.20% |
| 1998 | 18.1% | +108.05% |
| 1997 | 8.7% | — |
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