Services, value added (constant 2015 US$), annual growth rate in Pacific island small states
Pacific island small states: Services, value added (constant 2015 US$), annual growth rate was 3.29 % change on previous year in 2024. ◆ Volatile
Services, value added (constant 2015 US$), annual growth rate in Pacific island small states, 2000–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Pacific island small states recorded 3.29 % change on previous year for services, value added (constant 2015 us$), annual growth rate in 2024.
The figure is down 64.0% on the previous year and down 66.6% over ten years.
Over the whole period, services, value added (constant 2015 us$), annual growth rate in Pacific island small states peaked at 11.79 % change on previous year in 2022 and was at its lowest, -11.51 % change on previous year, in 2020.
Pacific island small states ranks 28th of 43 groups on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Services, value added (constant 2015 US$), annual growth rate in Pacific island small states, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 2000 | 1.86 % change on previous year | — |
| 2001 | 3.04 % change on previous year | +63.5% |
| 2002 | 3.45 % change on previous year | +13.5% |
| 2003 | 2.81 % change on previous year | -18.7% |
| 2004 | 3.5 % change on previous year | +24.6% |
| 2005 | 5.14 % change on previous year | +46.8% |
| 2006 | 2.66 % change on previous year | -48.3% |
| 2007 | 1.52 % change on previous year | -42.8% |
| 2008 | 4.31 % change on previous year | +183.4% |
| 2009 | 1.74 % change on previous year | -59.5% |
| 2010 | 3.04 % change on previous year | +74.1% |
| 2011 | -2.36 % change on previous year | -177.9% |
| 2012 | 1.91 % change on previous year | -180.8% |
| 2013 | 4.43 % change on previous year | +131.9% |
| 2014 | 9.85 % change on previous year | +122.3% |
| 2015 | 3.47 % change on previous year | -64.7% |
| 2016 | 2.84 % change on previous year | -18.4% |
| 2017 | 2.62 % change on previous year | -7.7% |
| 2018 | 2.2 % change on previous year | -15.9% |
| 2019 | 1.62 % change on previous year | -26.2% |
| 2020 | -11.51 % change on previous year | -808.4% |
| 2021 | -4.16 % change on previous year | -63.9% |
| 2022 | 11.79 % change on previous year | -383.8% |
| 2023 | 9.14 % change on previous year | -22.5% |
| 2024 | 3.29 % change on previous year | -64.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 3 % change on previous year | 1.52 % change on previous year | 5.14 % change on previous year | 10 |
| 2010s | 2.96 % change on previous year | -2.36 % change on previous year | 9.85 % change on previous year | 10 |
| 2020s | 1.71 % change on previous year | -11.51 % change on previous year | 11.79 % change on previous year | 5 |
Countries ranked near Pacific island small states
- 25 Gambia 6.64 % change on previous year compare
- 26 Burundi 6.52 % change on previous year compare
- 27 Indonesia 6.35 % change on previous year compare
- 28 Cape Verde 6.3 % change on previous year compare
- 29 Paraguay 6.27 % change on previous year compare
- 30 Saudi Arabia 6.27 % change on previous year compare
- 31 Sierra Leone 6.23 % change on previous year compare
More economy & growth data for Pacific island small states
- GDP growth 3.3% (2025)
- Services, value added 56.8% (2024)
- Inflation, GDP deflator 3.0% (2025)
- Gross value added at basic prices (GVA) 10.84 billion current US$ (2024)
- Gross value added at basic prices (GVA) 9.11 billion constant 2015 US$ (2024)
- GDP 13.01 billion current US$ (2025)
- GDP 11.21 billion constant 2015 US$ (2025)
- Gross domestic savings 1.0% (2024)
- Gross domestic savings 119.30 million current US$ (2024)
- GDP per capita growth 2.1% (2025)
Frequently asked questions
- What is services, value added (constant 2015 us$), annual growth rate in Pacific island small states?
- Services, value added (constant 2015 us$), annual growth rate in Pacific island small states was 3.29 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest services, value added (constant 2015 us$), annual growth rate recorded in Pacific island small states?
- The highest recorded value was 11.79 % change on previous year in 2022.
- What is the lowest services, value added (constant 2015 us$), annual growth rate recorded in Pacific island small states?
- The lowest recorded value was -11.51 % change on previous year in 2020.
- How does Pacific island small states rank for services, value added (constant 2015 us$), annual growth rate?
- Pacific island small states ranks 28th out of 43 groups with data for 2024.
- Is services, value added (constant 2015 us$), annual growth rate 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 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.