Service imports (BoP, current US$), annual growth rate in Marshall Islands
Marshall Islands: Service imports (BoP, current US$), annual growth rate was 6.92 % change on previous year in 2024. ◆ Volatile
Service imports (BoP, current US$), annual growth rate in Marshall Islands, 2006–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Marshall Islands recorded 6.92 % change on previous year for service imports (bop, current us$), annual growth rate in 2024.
Compared with earlier readings it is up 169.1% on the previous year and up 171.3% over ten years.
Over the whole period, service imports (bop, current us$), annual growth rate in Marshall Islands peaked at 29.42 % change on previous year in 2009 and was at its lowest, -21 % change on previous year, in 2017.
Marshall Islands ranks 103rd of 199 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Service imports (BoP, current US$), annual growth rate in Marshall Islands, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 2006 | -5 % change on previous year | — |
| 2007 | 11.77 % change on previous year | -335.3% |
| 2008 | -6.83 % change on previous year | -158.0% |
| 2009 | 29.42 % change on previous year | -530.5% |
| 2010 | -14.74 % change on previous year | -150.1% |
| 2011 | 7.66 % change on previous year | -151.9% |
| 2012 | 4.21 % change on previous year | -45.0% |
| 2013 | 9.86 % change on previous year | +134.4% |
| 2014 | -9.7 % change on previous year | -198.4% |
| 2015 | -1.63 % change on previous year | -83.2% |
| 2016 | 11.36 % change on previous year | -795.6% |
| 2017 | -21 % change on previous year | -284.8% |
| 2018 | 6.71 % change on previous year | -131.9% |
| 2019 | 6.98 % change on previous year | +4.1% |
| 2020 | 5.33 % change on previous year | -23.6% |
| 2021 | 16.43 % change on previous year | +208.1% |
| 2022 | -19.95 % change on previous year | -221.4% |
| 2023 | 2.57 % change on previous year | -112.9% |
| 2024 | 6.92 % change on previous year | +169.1% |
Marshall Islands compared with similar countries
- Marshall Islands's 6.92 % change on previous year is below the median for upper middle income countries, which is 7.47 % change on previous year, 93% of the median. (57 countries reporting)
- Marshall Islands's 6.92 % change on previous year is above the median for East Asia & Pacific, which is 5.44 % change on previous year, 1.3× the median. (33 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 7.34 % change on previous year | -6.83 % change on previous year | 29.42 % change on previous year | 4 |
| 2010s | -0.0298 % change on previous year | -21 % change on previous year | 11.36 % change on previous year | 10 |
| 2020s | 2.26 % change on previous year | -19.95 % change on previous year | 16.43 % change on previous year | 5 |
Countries ranked near Marshall Islands
- 100 Gambia 7.13 % change on previous year compare
- 101 Germany 7.06 % change on previous year compare
- 102 Mauritius 6.92 % change on previous year compare
- 104 Namibia 6.73 % change on previous year compare
- 105 Belgium 6.54 % change on previous year compare
- 106 Malta 6.49 % change on previous year 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 imports (bop, current us$), annual growth rate in Marshall Islands?
- Service imports (bop, current us$), annual growth rate in Marshall Islands was 6.92 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest service imports (bop, current us$), annual growth rate recorded in Marshall Islands?
- The highest recorded value was 29.42 % change on previous year in 2009.
- What is the lowest service imports (bop, current us$), annual growth rate recorded in Marshall Islands?
- The lowest recorded value was -21 % change on previous year in 2017.
- How does Marshall Islands rank for service imports (bop, current us$), annual growth rate?
- Marshall Islands ranks 103rd out of 199 countries with data for 2024.
- Is service imports (bop, current us$), annual growth rate rising or falling in Marshall Islands?
- Over the last ten years it is up 171.3%. 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 imports (BoP, current US$), annual growth rate. Statizoid updates them automatically from the source API.
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How this figure is calculated
The year-on-year percentage change in Service imports (BoP, current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Service imports Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF)
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
The year-on-year percentage change in Service imports (BoP, current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.