Marshall Islands

Marshall Islands is an island country located in Oceania, consisting of 29 atolls and five isolated islands in the North Pacific Ocean, about halfway between Hawaii and Australia, covering a land area of approximately 181 square kilometers. As of 2024, the Marshall Islands has a population of about 82,000, with Marshallese as the official language. The islands are low coral limestone and sand formations, with a tropical climate that is hot and humid, with a wet season from May to November. Majuro serves as the capital, and the government operates as a mixed presidential-parliamentary system in free association with the United States.

The Marshall Islands has an upper-middle-income economy with a GDP of $280.36 million and a GDP per capita of $7,200, driven by copra, tuna processing, tourism, and craft items from seashells, wood, and pearls. Natural resources include coconut products, marine products, and deep seabed minerals. The economy relies heavily on US aid under the Compact of Free Association and a large public sector. The Marshall Islands faces existential challenges from climate change and rising sea levels, while its economy is import-dependent and vulnerable to external shocks. Remittances account for approximately 13.3% of GDP.