Services, value added (constant 2015 US$), annual growth rate in Marshall Islands
Marshall Islands: Services, value added (constant 2015 US$), annual growth rate was -3.93 % change on previous year in 2024. ◆ Volatile
Services, value added (constant 2015 US$), annual growth rate in Marshall Islands, 1998–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Marshall Islands recorded -3.93 % change on previous year for services, value added (constant 2015 us$), annual growth rate in 2024.
That represents a change of down 3.2% on the previous year and down 929.3% over ten years.
Over the whole period, services, value added (constant 2015 us$), annual growth rate in Marshall Islands peaked at 6.12 % change on previous year in 2001 and was at its lowest, -7.32 % change on previous year, in 2008.
Marshall Islands ranks 194th of 195 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Services, value added (constant 2015 US$), annual growth rate in Marshall Islands, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1998 | -3.49 % change on previous year | — |
| 1999 | -3.01 % change on previous year | -13.6% |
| 2000 | 5.51 % change on previous year | -283.2% |
| 2001 | 6.12 % change on previous year | +11.0% |
| 2002 | 3.05 % change on previous year | -50.2% |
| 2003 | 2.26 % change on previous year | -25.9% |
| 2004 | 1.35 % change on previous year | -40.5% |
| 2005 | 2.17 % change on previous year | +61.6% |
| 2006 | -4.42 % change on previous year | -303.2% |
| 2007 | 5.02 % change on previous year | -213.6% |
| 2008 | -7.32 % change on previous year | -246.0% |
| 2009 | 4.6 % change on previous year | -162.8% |
| 2010 | 2.59 % change on previous year | -43.7% |
| 2011 | -0.954 % change on previous year | -136.9% |
| 2012 | 2.84 % change on previous year | -397.8% |
| 2013 | 2.55 % change on previous year | -10.1% |
| 2014 | 0.4741 % change on previous year | -81.4% |
| 2015 | 5.21 % change on previous year | +999.0% |
| 2016 | 1.83 % change on previous year | -64.9% |
| 2017 | 4.79 % change on previous year | +162.1% |
| 2018 | 2.9 % change on previous year | -39.4% |
| 2019 | 0.0897 % change on previous year | -96.9% |
| 2020 | -0.223 % change on previous year | -348.7% |
| 2021 | -0.7964 % change on previous year | +257.1% |
| 2022 | 2.04 % change on previous year | -355.9% |
| 2023 | -3.81 % change on previous year | -286.9% |
| 2024 | -3.93 % change on previous year | +3.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | -3.25 % change on previous year | -3.49 % change on previous year | -3.01 % change on previous year | 2 |
| 2000s | 1.83 % change on previous year | -7.32 % change on previous year | 6.12 % change on previous year | 10 |
| 2010s | 2.23 % change on previous year | -0.954 % change on previous year | 5.21 % change on previous year | 10 |
| 2020s | -1.34 % change on previous year | -3.93 % change on previous year | 2.04 % change on previous year | 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)
- GDP per capita 6,174 constant 2015 US$ (2025)
- Manufacturing value added to gdp, per capita 0.0001 units per person (2024)
- External balance on goods and services as a percent of GDP -43.8% (2025)
- Manufacturing value added to gdp, per unit of GDP 0 units per US$ of GDP (2024)
- Gdp worldbank constant usd, per capita 6,174 units per person (2025)
- Gdp worldbank constant usd, annual growth rate 2.28 % change on previous year (2025)
- Gdp worldbank constant usd, per unit of GDP 0.7273 units per US$ of GDP (2025)
- Exports of goods and services 36.0% (2025)
Frequently asked questions
- What is services, value added (constant 2015 us$), annual growth rate in Marshall Islands?
- Services, value added (constant 2015 us$), annual growth rate in Marshall Islands was -3.93 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest services, value added (constant 2015 us$), annual growth rate recorded in Marshall Islands?
- The highest recorded value was 6.12 % change on previous year in 2001.
- What is the lowest services, value added (constant 2015 us$), annual growth rate recorded in Marshall Islands?
- The lowest recorded value was -7.32 % change on previous year in 2008.
- How does Marshall Islands rank for services, value added (constant 2015 us$), annual growth rate?
- Marshall Islands ranks 194th out of 195 countries with data for 2024.
- Is services, value added (constant 2015 us$), annual growth rate rising or falling in Marshall Islands?
- Over the last ten years it is down 929.3%. 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 Services, value added (constant 2015 US$), annual growth rate. Statizoid updates them automatically from the source API.
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How this figure is calculated
The year-on-year percentage change in Services, value added (constant 2015 US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Services, value added Country official statistics, National Statistical Offices (NSOs)
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 Services, value added (constant 2015 US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.