National Accounts

current price gdp by institutional sector and income components usd'000
Institutional Sector FY00 FY01 FY02 FY03 FY04 FY05 FY06 FY07 proj
Private Enterprise
Compensation of employees 17,815 19,669 19,848 18,475 18,165 17,550 19,278 19,961
Operating surplus (gross) 13,931 13,524 13,373 15,049 17,499 16,818 19,649 20,902
Offshore fishing surplus (1) 879 1,150 2,631 3,022 4,683 7,034 5,472 6,366
Public Enterprise
Compensation of employees 7,940 8,069 8,098 9,180 9,184 9,236 9,243 9,725
Operating surplus (gross) 5,124 5,126 8,420 5,783 3,557 2,003 1,965 3,065
Less Subsidies -1,993 -2,609 -3,531 -3,190 -2,488 -2,259 -2,568 -2,568
Finance (Banks)
Compensation of employees 1,833 2,108 2,370 2,285 2,518 2,943 3,252 3,418
Operating surplus (gross) 3,663 3,588 4,373 3,969 4,092 4,424 5,070 5,328
Government (compensation of employees)
RMI Government 19,446 20,779 23,523 26,842 30,385 33,396 37,109 36,590
Government Agencies 7,828 8,569 9,358 9,518 9,183 9,234 7,394 7,822
Local Government 8,319 8,269 8,262 7,925 8,349 8,801 9,037 9,315
NGOs (compensation of employees) 1,800 1,974 2,028 2,078 2,147 2,144 2,189 2,390
Households mixed income
Copra production 1,183 949 478 1,027 1,186 1,178 1,115 1,144
Fishing  581 584 573 572 590 620 657 679
Handicrafts 998 1,004 985 982 1,013 1,064 1,128 1,166
Other 220 222 217 217 224 235 249 257
Subsistence 6,832 7,047 6,920 6,721 6,931 7,284 7,720 7,982
Home Ownership 6,728 6,769 6,641 6,624 6,831 7,179 7,609 7,867
Indirect taxes
Import and fuel taxes (REPMAR) 4,523 4,451 6,323 7,040 6,681 8,830 8,601 8,846
Other Indirect taxes (REPMAR) 2,993 2,901 2,995 3,407 4,015 3,882 4,778 4,363
Indirect taxes (Local Government) 3,524 3,369 3,654 3,646 3,470 3,997 3,816 3,924
Less bank service charge -6,594 -7,033 -8,251 -7,383 -7,476 -8,017 -8,873 -9,324
Nominal GDP at Market Prices (Gross) 107,573 110,480 119,286 123,788 130,737 137,575 143,891 149,219
Memo item: Labor Income, Kwajalein base (2) 18,331 19,235 18,260 19,480 19,386 20,301 22,273 24,891

1 - Estimated surplus of RMI based longline fishing and shorebased fish processing under foreign investment (tax holiday) exemptions. This does not include purse seine operations, which are treated as outside the economic territory of the RMI and so are not included in GDP

2 - Income earned by Marshallese workers on Kwajalein military base and in foreign embassies in Majuro, also outside the economic territory of the RMI

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