Service exports (BoP, current US$), per unit of GDP in Marshall Islands
Marshall Islands: Service exports (BoP, current US$), per unit of GDP was 0.0742 BoP, current US$ per US$ of GDP in 2024. ◆ Volatile
Service exports (BoP, current US$), per unit of GDP in Marshall Islands, 2005–2024
Source: Statizoid (derived). Measured in BoP, current US$ per US$ of GDP.
Analysis
Marshall Islands recorded 0.0742 BoP, current US$ per US$ of GDP for service exports (bop, current us$), per unit of gdp in 2024.
The figure is down 0.5% on the previous year and up 7.0% over ten years.
Over the whole period, service exports (bop, current us$), per unit of gdp in Marshall Islands peaked at 0.195 BoP, current US$ per US$ of GDP in 2018 and was at its lowest, 0.0312 BoP, current US$ per US$ of GDP, in 2019.
That places Marshall Islands 117th out of 199 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Service exports (BoP, current US$), per unit of GDP in Marshall Islands, year by year
| Year | BoP, current US$ per US$ of GDP | Change |
|---|---|---|
| 2005 | 0.0712 BoP, current US$ per US$ of GDP | — |
| 2006 | 0.0681 BoP, current US$ per US$ of GDP | -4.3% |
| 2007 | 0.0625 BoP, current US$ per US$ of GDP | -8.3% |
| 2008 | 0.065 BoP, current US$ per US$ of GDP | +4.0% |
| 2009 | 0.0671 BoP, current US$ per US$ of GDP | +3.3% |
| 2010 | 0.0583 BoP, current US$ per US$ of GDP | -13.2% |
| 2011 | 0.0624 BoP, current US$ per US$ of GDP | +7.1% |
| 2012 | 0.0549 BoP, current US$ per US$ of GDP | -12.1% |
| 2013 | 0.0592 BoP, current US$ per US$ of GDP | +7.9% |
| 2014 | 0.0693 BoP, current US$ per US$ of GDP | +17.1% |
| 2015 | 0.0464 BoP, current US$ per US$ of GDP | -33.0% |
| 2016 | 0.0418 BoP, current US$ per US$ of GDP | -10.0% |
| 2017 | 0.1284 BoP, current US$ per US$ of GDP | +207.2% |
| 2018 | 0.195 BoP, current US$ per US$ of GDP | +51.9% |
| 2019 | 0.0312 BoP, current US$ per US$ of GDP | -84.0% |
| 2020 | 0.034 BoP, current US$ per US$ of GDP | +8.9% |
| 2021 | 0.0362 BoP, current US$ per US$ of GDP | +6.3% |
| 2022 | 0.0531 BoP, current US$ per US$ of GDP | +47.0% |
| 2023 | 0.0746 BoP, current US$ per US$ of GDP | +40.3% |
| 2024 | 0.0742 BoP, current US$ per US$ of GDP | -0.5% |
Marshall Islands compared with similar countries
- Marshall Islands's 0.0742 BoP, current US$ per US$ of GDP is below the median for upper middle income countries, which is 0.1133 BoP, current US$ per US$ of GDP, 65% of the median. (57 countries reporting)
- Marshall Islands's 0.0742 BoP, current US$ per US$ of GDP is below the median for East Asia & Pacific, which is 0.089 BoP, current US$ per US$ of GDP, 83% of the median. (33 countries reporting)
Biggest year-on-year movements
Years where Service exports (BoP, current US$), per unit of GDP in Marshall Islands changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2017 | +207.2% | 0.0418 BoP, current US$ per US$ of GDP | 0.1284 BoP, current US$ per US$ of GDP |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.0668 BoP, current US$ per US$ of GDP | 0.0625 BoP, current US$ per US$ of GDP | 0.0712 BoP, current US$ per US$ of GDP | 5 |
| 2010s | 0.0747 BoP, current US$ per US$ of GDP | 0.0312 BoP, current US$ per US$ of GDP | 0.195 BoP, current US$ per US$ of GDP | 10 |
| 2020s | 0.0544 BoP, current US$ per US$ of GDP | 0.034 BoP, current US$ per US$ of GDP | 0.0746 BoP, current US$ per US$ of GDP | 5 |
Countries ranked near Marshall Islands
- 114 Comoros 0.0794 BoP, current US$ per US$ of GDP compare
- 115 East Timor 0.0772 BoP, current US$ per US$ of GDP compare
- 116 Paraguay 0.0756 BoP, current US$ per US$ of GDP compare
- 118 Canada 0.0741 BoP, current US$ per US$ of GDP compare
- 119 New Zealand 0.0739 BoP, current US$ per US$ of GDP compare
- 120 Rwanda 0.0715 BoP, current US$ per US$ of GDP compare
More economy & growth data for Marshall Islands
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 0.6305 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 1.5 Percent per annum (2029)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 13.36 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 46.01 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0469 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 355.78 BoP, current US$ per person (2024)
- General government final consumption expenditure (current US$) 2.99 % change on previous year (2024)
- General government final consumption expenditure (current US$), per 0.5453 current US$ per US$ of GDP (2024)
- General government final consumption expenditure (current US$), per 4,139 current US$ per person (2024)
- General government final consumption expenditure (current LCU) 2.99 % change on previous year (2024)
Frequently asked questions
- What is service exports (bop, current us$), per unit of gdp in Marshall Islands?
- Service exports (bop, current us$), per unit of gdp in Marshall Islands was 0.0742 BoP, current US$ per US$ of GDP in 2024, according to Statizoid (derived).
- What is the highest service exports (bop, current us$), per unit of gdp recorded in Marshall Islands?
- The highest recorded value was 0.195 BoP, current US$ per US$ of GDP in 2018.
- What is the lowest service exports (bop, current us$), per unit of gdp recorded in Marshall Islands?
- The lowest recorded value was 0.0312 BoP, current US$ per US$ of GDP in 2019.
- How does Marshall Islands rank for service exports (bop, current us$), per unit of gdp?
- Marshall Islands ranks 117th out of 199 countries with data for 2024.
- Is service exports (bop, current us$), per unit of gdp rising or falling in Marshall Islands?
- Over the last ten years it is up 7.0%. The long-run trend across the full record is volatile.
- Where does this Marshall Islands data come from?
- The figures come from Statizoid (derived), published as part of Service exports (BoP, current US$), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
Service exports (BoP, current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Service exports (BoP, current US$) ÷ GDP (current US$)
Computed from
- Service exports Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF)
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Service exports (BoP, current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.