Services, value added in Pacific island small states
Pacific island small states: Services, value added was 3.3% in 2024. ◆ Volatile
Services, value added in Pacific island small states, 2000–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in annual % growth.
Analysis
In 2024, services, value added in Pacific island small states stood at 3.3%.
The figure is down 64.0% on the previous year and down 66.6% over ten years.
Over the whole period, services, value added in Pacific island small states peaked at 11.8% in 2022 and was at its lowest, -11.5%, in 2020.
Pacific island small states ranks 28th of 41 groups 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.
Services, value added in Pacific island small states, year by year
| Year | annual % growth | Change |
|---|---|---|
| 2000 | 1.9% | — |
| 2001 | 3.0% | +63.5% |
| 2002 | 3.5% | +13.5% |
| 2003 | 2.8% | -18.7% |
| 2004 | 3.5% | +24.7% |
| 2005 | 5.1% | +46.8% |
| 2006 | 2.7% | -48.3% |
| 2007 | 1.5% | -42.8% |
| 2008 | 4.3% | +183.4% |
| 2009 | 1.7% | -59.5% |
| 2010 | 3.0% | +74.0% |
| 2011 | -2.4% | -177.9% |
| 2012 | 1.9% | -180.8% |
| 2013 | 4.4% | +131.8% |
| 2014 | 9.8% | +122.3% |
| 2015 | 3.5% | -64.7% |
| 2016 | 2.8% | -18.4% |
| 2017 | 2.6% | -7.7% |
| 2018 | 2.2% | -15.9% |
| 2019 | 1.6% | -26.2% |
| 2020 | -11.5% | -808.4% |
| 2021 | -4.2% | -63.9% |
| 2022 | 11.8% | -383.8% |
| 2023 | 9.1% | -22.5% |
| 2024 | 3.3% | -64.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 3.0% | 1.5% | 5.1% | 10 |
| 2010s | 3.0% | -2.4% | 9.8% | 10 |
| 2020s | 1.7% | -11.5% | 11.8% | 5 |
Countries ranked near Pacific island small states
- 25 Gambia 6.6% compare
- 26 Burundi 6.5% compare
- 27 Indonesia 6.3% compare
- 28 Cape Verde 6.3% compare
- 29 Paraguay 6.3% compare
- 30 Saudi Arabia 6.3% compare
- 31 Sierra Leone 6.2% compare
More economy & growth data for Pacific island small states
- Inflation, GDP deflator 3.0% (2025)
- Industry (including construction), value added 1.49 billion constant 2015 US$ (2024)
- Industry (including construction), value added 7.2% (2024)
- Industry (including construction), value added 15.2% (2024)
- Services, value added 7.00 billion current US$ (2024)
- Services, value added 6.26 billion constant 2015 US$ (2024)
- Services, value added 56.8% (2024)
- GDP 13.01 billion current US$ (2025)
- GDP growth 3.3% (2025)
- GDP 11.21 billion constant 2015 US$ (2025)
Frequently asked questions
- What is services, value added in Pacific island small states?
- Services, value added in Pacific island small states was 3.3% in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest services, value added recorded in Pacific island small states?
- The highest recorded value was 11.8% in 2022.
- What is the lowest services, value added recorded in Pacific island small states?
- The lowest recorded value was -11.5% in 2020.
- How does Pacific island small states rank for services, value added?
- Pacific island small states ranks 28th out of 41 groups with data for 2024.
- Is services, value added rising or falling in Pacific island small states?
- Over the last ten years it is down 66.6%. The long-run trend across the full record is volatile.
- Where does this Pacific island small states 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.