(AGENPARL) – dom 09 luglio 2023 [Mission Concluding Statements](http://www.imf.org/cgi-shl/create_x.pl?ms)
[Open in your browser](https://www.imf.org/en/News/Articles/2023/07/07/republic-of-the-marshall-islands-concluding-statement-of-the-2023-article-iv-consultation-mission?cid=em-COM-123-46879)
https://www.imf.org/en/News/Articles/2023/07/07/republic-of-the-marshall-islands-concluding-statement-of-the-2023-article-iv-consultation-mission?cid=em-COM-123-46879
[Republic of the Marshall Islands: Concluding Statement of the 2023 Article IV Consultation Mission](https://www.imf.org/en/News/Articles/2023/07/07/republic-of-the-marshall-islands-concluding-statement-of-the-2023-article-iv-consultation-mission?cid=em-COM-123-46879)
JULY 09, 2023
https://www.imf.org/en/News/Articles/2023/07/07/republic-of-the-marshall-islands-concluding-statement-of-the-2023-article-iv-consultation-mission?cid=em-COM-123-46879
The Republic of the Marshall Islands (RMI) is recovering after COVID-induced lockdowns in FY2020-21 and a contraction in the fisheries sector in FY2022. Real gross domestic product (GDP) declined by 4.5 percent in FY2022, reflecting the sale of a fishing vessel by a domestic operator, which significantly reduced fishery production. Excluding the sector, real GDP expanded by 4.2 percent, signaling a recovery in domestic demand was underway, though its strength was diminished by the temporary re-imposition of lockdowns in August 2022 as well as supply chain disruptions. Inflation picked up in 2H 2022 due to higher food and fuel prices and supply chain issues, reaching 6 percent by September 2022. As a result of these developments, and a decline in COVID-related grants, the current account surplus narrowed from 22.6 percent of GDP in FY2021 to 8.2 percent in FY2022.
[READ MORE](https://www.imf.org/en/News/Articles/2023/07/07/republic-of-the-marshall-islands-concluding-statement-of-the-2023-article-iv-consultation-mission?cid=em-COM-123-46879)
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