Balance of Payments

 FY00FY01FY02FY03FY04FY05FY06
Trade balance -62.8 -58.9 -52.2 -60.1 -52.9 -56.2 -56.1
Exports and re-exports, f.o.b. 8 8.6 11.5 14.5 18.6 24 21.6
Imports, f.o.b. -70.8 -67.5 -63.6 -74.6 -71.5 -80.1 -77.7
Services account -2.1 -4.2 -5.7 -2.9 -3.5 -6.2 -5.2
Receipts 8.5 8.7 9.4 11 10.7 9.5 10
Travel 3 3.1 3.4 4 5 5.7 6.6
Transshipments 1.1 1.3 1.4 1.5 1.2 1.8 2
Other 4.4 4.4 4.6 5.5 4.4 1.9 1.4
Payments -15.1 -16.9 -19.4 -17.5 -17 -18.4 -17.7
Freight and insurance -7.6 -7.8 -9.5 -11.2 -10.7 -12 -11.7
Transportation -1.4 -1.7 -2.5 -2.1 -1.7 -1.7 -1.9
Travel -0.2 -0.3 -0.3 -0.3 -0.4 -0.4 -0.4
Communications 0 0 0 0 0 0 0
Other -5.9 -7.1 -7.1 -3.9 -4.1 -4.2 -3.7
Other 4.4 4 4.3 3.6 2.8 2.7 2.5
Income, net 26.2 26.8 34 29.3 29.7 31.8 32.6
Receipts 33.8 33.2 40.7 35.1 36.1 38.7 41.1
Fishing rights fees 3.7 2.9 3.3 1.7 0.9 1.4 1.5
Registration fees 1.1 0.7 0.6 1 1 1 1
Interest and dividend income 2.9 2.6 3.5 1.5 1.6 2.6 4.1
Labor income 17.7 18.6 17.7 17.8 17.6 18.6 19.1
Other 8.5 8.4 15.6 13.1 15 15.2 15.4
Payments              
Interest payments -7.6 -6.4 -6.7 -5.8 -6.4 -6.9 -8.5
Unrequited transfers 12.9 13.9 12.5 16.3 22.7 23.7 23.3
Private -6.5 -6.6 -12.6 -10.5 -12 -12.2 -12.3
Inflows 0.6 0.6 0.4 0.3 0.3 0.4 0.4
Outflows -7.1 -7.3 -13 -10.8 -12.4 -12.5 -12.7
Official 19.3 20.5 25.1 26.8 34.7 35.9 35.6
Compact grants 16.3 15.5 21.9 23.8 28.4 31 31.6
Other grants 3 5 3.2 3 6.3 4.8 4
Current account              
Including official transfers -25.9 -22.4 -11.4 -17.4 -4 -6.9 -5.4
In percent of GDP 24.1 20.3 9.6 14.1 3.1 5 3.8
Excluding official transfers -45.2 -42.8 -36.5 -44.2 -38.8 -42.7 -41.1
In percent of GDP 42 38.8 30.6 35.7 29.6 31.1 28.6
Capital and financial account 15 18.7 -1.2 12.4 -4.6 3.7 -3.6
Direct investment, net 3.9 3.5 4.7 1.7 4.1 6.5 6.2
Short term, net -8.9 -6.4 -19.7 -10.9 -13.6 -12.1 -19.9
Medium term, net -12.3 -17.3 5.7 1.7 2.3 -3.5 3
Inflows 9.7 10.4 9.2 5 6.1 1 9.8
Outflows -22 -27.8 -3.5 -3.2 -3.8 -4.5 -6.9
Official capital transfers 30.3 37.7 27.1 27.8 14.9 34.3 24.5
Official Reserves 2 1.2 -1.1 1.8 -4.5 -0.1 1
Other Government flows 0 0 -17.9 -9.8 -7.8 -21.4 -18.3
Errors and omissions 10.9 3.6 12.6 5 8.6 3.2 9

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marshall-islands-flagEconomic Policy Planning and Statistics Office (EPPSO), PO Box 7, Majuro, Marshall Islands 96960

Phone: (692) 625-3802/3803 - Fax: (692) 625-3805