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    Marshall Islands

    Continent
    Oceania
    Capital
    Majuro; note - the capital is an atoll of 64 islands; governmental buildings are housed on three fused islands on the eastern side of the atoll: Djarrit, Uliga, and Delap
    Population
    82,011
    Sub-Zones
    24
    General Information
    Basic details about Marshall Islands
    Population:
    82,011
    Area:
    181 sq km
    Currency:
    the US dollar is used
    Languages:
    Marshallese, other languages 1.8
    Economic Overview
    Key economic indicators for Marshall Islands
    GDP:
    $263.507 million
    GDP per Capita:
    $6,800
    GDP Growth:
    -3.93%
    Inflation:
    0%
    Public Debt:
    41.56% of GDP
    Political System
    Governance structure of Marshall Islands
    Government Type:
    mixed presidential-parliamentary system in free association with the US
    Head of State:
    President Hilda C. HEINE (since 3 January 2023)
    Head of Government:
    President Hilda C. HEINE (since 3 January 2023)
    Judiciary:
    Supreme Court (consists of the chief justice and 2 associate justices)
    Administrative Divisions:
    24 municipalities; Ailinglaplap, Ailuk, Arno, Aur, Bikini & Kili, Ebon, Enewetak & Ujelang, Jabat, Jaluit, Kwajalein, Lae, Lib, Likiep, Majuro, Maloelap, Mejit, Mili, Namorik, Namu, Rongelap, Ujae, Utrik, Wotho, Wotje

    Major Political Parties

    • Not specified
    International Relations
    Global position and alliances
    UN Member:
    Yes
    EU Member:
    No
    Diplomatic Presence:
    2433 Massachusetts Avenue NW, Washington, DC 20008

    Major Alliances and Organizations

    Economic Sectors & Trade
    Detailed economic breakdown

    Major Economic Sectors

    Agriculture
    19.5% (2023 est.)
    Industry
    11.1% (2023 est.)
    Services
    70.5% (2023 est.)note: figures may not total 100% due to non-allocated consumption not captured in sector-reported data

    Trade Volume

    Exports:
    $130.016 million
    Imports:
    $206.025 million

    Major Trading Partners

    UK 16
    Germany 13
    Denmark 10
    Ghana 9
    Cyprus 9

    Economic Outlook

    Marshall Islands has a -3.93% GDP growth rate with 0% inflation. The economy is characterized by a strong agriculture sector.