Services, value added (constant 2015 US$), per unit of GDP in Marshall Islands
Marshall Islands: Services, value added (constant 2015 US$), per unit of GDP was 0.5007 constant 2015 US$ per US$ of GDP in 2024. ▼ Falling
Services, value added (constant 2015 US$), per unit of GDP in Marshall Islands, 1997–2024
Source: Statizoid (derived). Measured in constant 2015 US$ per US$ of GDP.
Analysis
In 2024, services, value added (constant 2015 us$), per unit of gdp in Marshall Islands stood at 0.5007 constant 2015 US$ per US$ of GDP. That is the lowest value across all 28 years on record.
Compared with earlier readings it is down 11.0% on the previous year and down 29.6% over ten years.
Over the whole period, services, value added (constant 2015 us$), per unit of gdp in Marshall Islands peaked at 1 constant 2015 US$ per US$ of GDP in 1997 and was at its lowest, 0.5007 constant 2015 US$ per US$ of GDP, in 2024.
Marshall Islands ranks 91st of 195 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 28 years of available data.
Services, value added (constant 2015 US$), per unit of GDP in Marshall Islands, year by year
| Year | constant 2015 US$ per US$ of GDP | Change |
|---|---|---|
| 1997 | 1 constant 2015 US$ per US$ of GDP | — |
| 1998 | 0.9504 constant 2015 US$ per US$ of GDP | -5.4% |
| 1999 | 0.9114 constant 2015 US$ per US$ of GDP | -4.1% |
| 2000 | 0.9492 constant 2015 US$ per US$ of GDP | +4.1% |
| 2001 | 0.9451 constant 2015 US$ per US$ of GDP | -0.4% |
| 2002 | 0.9034 constant 2015 US$ per US$ of GDP | -4.4% |
| 2003 | 0.9296 constant 2015 US$ per US$ of GDP | +2.9% |
| 2004 | 0.9296 constant 2015 US$ per US$ of GDP | -0.0% |
| 2005 | 0.9147 constant 2015 US$ per US$ of GDP | -1.6% |
| 2006 | 0.8425 constant 2015 US$ per US$ of GDP | -7.9% |
| 2007 | 0.8419 constant 2015 US$ per US$ of GDP | -0.1% |
| 2008 | 0.801 constant 2015 US$ per US$ of GDP | -4.9% |
| 2009 | 0.8123 constant 2015 US$ per US$ of GDP | +1.4% |
| 2010 | 0.7821 constant 2015 US$ per US$ of GDP | -3.7% |
| 2011 | 0.7243 constant 2015 US$ per US$ of GDP | -7.4% |
| 2012 | 0.7103 constant 2015 US$ per US$ of GDP | -1.9% |
| 2013 | 0.7061 constant 2015 US$ per US$ of GDP | -0.6% |
| 2014 | 0.711 constant 2015 US$ per US$ of GDP | +0.7% |
| 2015 | 0.7574 constant 2015 US$ per US$ of GDP | +6.5% |
| 2016 | 0.7021 constant 2015 US$ per US$ of GDP | -7.3% |
| 2017 | 0.6947 constant 2015 US$ per US$ of GDP | -1.0% |
| 2018 | 0.6944 constant 2015 US$ per US$ of GDP | -0.0% |
| 2019 | 0.6565 constant 2015 US$ per US$ of GDP | -5.5% |
| 2020 | 0.6309 constant 2015 US$ per US$ of GDP | -3.9% |
| 2021 | 0.5793 constant 2015 US$ per US$ of GDP | -8.2% |
| 2022 | 0.5969 constant 2015 US$ per US$ of GDP | +3.0% |
| 2023 | 0.5627 constant 2015 US$ per US$ of GDP | -5.7% |
| 2024 | 0.5007 constant 2015 US$ per US$ of GDP | -11.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.9554 constant 2015 US$ per US$ of GDP | 0.9114 constant 2015 US$ per US$ of GDP | 1 constant 2015 US$ per US$ of GDP | 3 |
| 2000s | 0.8869 constant 2015 US$ per US$ of GDP | 0.801 constant 2015 US$ per US$ of GDP | 0.9492 constant 2015 US$ per US$ of GDP | 10 |
| 2010s | 0.7139 constant 2015 US$ per US$ of GDP | 0.6565 constant 2015 US$ per US$ of GDP | 0.7821 constant 2015 US$ per US$ of GDP | 10 |
| 2020s | 0.5741 constant 2015 US$ per US$ of GDP | 0.5007 constant 2015 US$ per US$ of GDP | 0.6309 constant 2015 US$ per US$ of GDP | 5 |
Countries ranked near Marshall Islands
- 88 Thailand 0.5021 constant 2015 US$ per US$ of GDP compare
- 89 Paraguay 0.5017 constant 2015 US$ per US$ of GDP compare
- 90 Netherlands 0.5009 constant 2015 US$ per US$ of GDP compare
- 92 Kenya 0.4984 constant 2015 US$ per US$ of GDP compare
- 93 Denmark 0.4982 constant 2015 US$ per US$ of GDP compare
- 94 United Arab Emirates 0.4975 constant 2015 US$ per US$ of GDP 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)
- 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$), per unit of gdp in Marshall Islands?
- Services, value added (constant 2015 us$), per unit of gdp in Marshall Islands was 0.5007 constant 2015 US$ per US$ of GDP in 2024, according to Statizoid (derived).
- What is the highest services, value added (constant 2015 us$), per unit of gdp recorded in Marshall Islands?
- The highest recorded value was 1 constant 2015 US$ per US$ of GDP in 1997.
- What is the lowest services, value added (constant 2015 us$), per unit of gdp recorded in Marshall Islands?
- The lowest recorded value was 0.5007 constant 2015 US$ per US$ of GDP in 2024.
- How does Marshall Islands rank for services, value added (constant 2015 us$), per unit of gdp?
- Marshall Islands ranks 91st out of 195 countries with data for 2024.
- Is services, value added (constant 2015 us$), per unit of gdp rising or falling in Marshall Islands?
- Over the last ten years it is down 29.6%. The long-run trend across the full record is falling.
- Where does this Marshall Islands data come from?
- The figures come from Statizoid (derived), published as part of Services, value added (constant 2015 US$), per unit of GDP. Statizoid updates them automatically from the source API.
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CSV · JSON — 28 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
Services, value added (constant 2015 US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Services, value added (constant 2015 US$) ÷ GDP (current US$)
Computed from
- Services, value added Country official statistics, National Statistical Offices (NSOs)
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Services, value added (constant 2015 US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.