Services, value added in Marshall Islands
Marshall Islands: Services, value added was -3.9% in 2024. ◆ Volatile
Services, value added in Marshall Islands, 1998–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in annual % growth.
Analysis
The most recent figure for services, value added in Marshall Islands is -3.9%, measured in 2024.
The figure is down 3.2% on the previous year and down 928.6% over ten years.
Over the whole period, services, value added in Marshall Islands peaked at 6.1% in 2001 and was at its lowest, -7.3%, in 2008.
Marshall Islands ranks 197th of 198 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Services, value added in Marshall Islands, year by year
| Year | annual % growth | Change |
|---|---|---|
| 1998 | -3.5% | — |
| 1999 | -3.0% | -13.7% |
| 2000 | 5.5% | -283.2% |
| 2001 | 6.1% | +11.0% |
| 2002 | 3.0% | -50.2% |
| 2003 | 2.3% | -25.9% |
| 2004 | 1.3% | -40.5% |
| 2005 | 2.2% | +61.6% |
| 2006 | -4.4% | -303.2% |
| 2007 | 5.0% | -213.6% |
| 2008 | -7.3% | -246.0% |
| 2009 | 4.6% | -162.8% |
| 2010 | 2.6% | -43.7% |
| 2011 | -1.0% | -136.9% |
| 2012 | 2.8% | -397.9% |
| 2013 | 2.6% | -10.1% |
| 2014 | 0.5% | -81.4% |
| 2015 | 5.2% | +998.2% |
| 2016 | 1.8% | -64.9% |
| 2017 | 4.8% | +162.1% |
| 2018 | 2.9% | -39.4% |
| 2019 | 0.1% | -96.9% |
| 2020 | -0.2% | -347.5% |
| 2021 | -0.8% | +257.4% |
| 2022 | 2.0% | -355.8% |
| 2023 | -3.8% | -287.0% |
| 2024 | -3.9% | +3.2% |
Marshall Islands compared with similar countries
- Marshall Islands's -3.9% is below the median for upper middle income countries, which is 3.3%. (58 countries reporting)
- Marshall Islands's -3.9% is below the median for East Asia & Pacific, which is 3.4%. (29 countries reporting)
Biggest year-on-year movements
Years where Services, value added 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 |
|---|---|---|---|
| 2015 | +998.2% | 0.5% | 5.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | -3.2% | -3.5% | -3.0% | 2 |
| 2000s | 1.8% | -7.3% | 6.1% | 10 |
| 2010s | 2.2% | -1.0% | 5.2% | 10 |
| 2020s | -1.3% | -3.9% | 2.0% | 5 |
Countries ranked near Marshall Islands
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 services, value added in Marshall Islands?
- Services, value added in Marshall Islands was -3.9% in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest services, value added recorded in Marshall Islands?
- The highest recorded value was 6.1% in 2001.
- What is the lowest services, value added recorded in Marshall Islands?
- The lowest recorded value was -7.3% in 2008.
- How does Marshall Islands rank for services, value added?
- Marshall Islands ranks 197th out of 198 countries with data for 2024.
- Is services, value added rising or falling in Marshall Islands?
- Over the last ten years it is down 928.6%. The long-run trend across the full record is volatile.
- Where does this Marshall Islands data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Services, value added (annual % growth). Statizoid updates them automatically from the source API.
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About this data
Services industries correspond to ISIC (Rev. 4) divisions 45-99 and includes wholesale and retail trade, repair of motor vehicles, hotels and restaurants, transport, storage and communication, financial intermediation, real estate, renting and business activities, public administration and defence, compulsory social security, education, health and social work, other community, social and personal service activities, private households with employed persons, and extra-territorial organizations and bodies. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.