Services, value added (constant 2015 US$) in Marshall Islands
Marshall Islands: Services, value added (constant 2015 US$) was 142.71 million constant 2015 US$ in 2024. ▲ Rising
Services, value added in Marshall Islands, 1997–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant 2015 US$.
Analysis
In 2024, services, value added in Marshall Islands stood at 142.71 million constant 2015 US$.
The figure is down 3.9% on the previous year and up 7.9% over ten years.
Over the whole period, services, value added in Marshall Islands peaked at 154.43 million constant 2015 US$ in 2022 and was at its lowest, 103.31 million constant 2015 US$, in 1999.
That places Marshall Islands 196th out of 196 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 28 years of available data.
Services, value added (constant 2015 US$) in Marshall Islands, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 1997 | 110.36 million constant 2015 US$ | — |
| 1998 | 106.52 million constant 2015 US$ | -3.5% |
| 1999 | 103.31 million constant 2015 US$ | -3.0% |
| 2000 | 109.00 million constant 2015 US$ | +5.5% |
| 2001 | 115.68 million constant 2015 US$ | +6.1% |
| 2002 | 119.21 million constant 2015 US$ | +3.0% |
| 2003 | 121.90 million constant 2015 US$ | +2.3% |
| 2004 | 123.54 million constant 2015 US$ | +1.3% |
| 2005 | 126.23 million constant 2015 US$ | +2.2% |
| 2006 | 120.65 million constant 2015 US$ | -4.4% |
| 2007 | 126.70 million constant 2015 US$ | +5.0% |
| 2008 | 117.43 million constant 2015 US$ | -7.3% |
| 2009 | 122.82 million constant 2015 US$ | +4.6% |
| 2010 | 126.00 million constant 2015 US$ | +2.6% |
| 2011 | 124.80 million constant 2015 US$ | -1.0% |
| 2012 | 128.34 million constant 2015 US$ | +2.8% |
| 2013 | 131.62 million constant 2015 US$ | +2.6% |
| 2014 | 132.25 million constant 2015 US$ | +0.5% |
| 2015 | 139.14 million constant 2015 US$ | +5.2% |
| 2016 | 141.68 million constant 2015 US$ | +1.8% |
| 2017 | 148.46 million constant 2015 US$ | +4.8% |
| 2018 | 152.77 million constant 2015 US$ | +2.9% |
| 2019 | 152.90 million constant 2015 US$ | +0.1% |
| 2020 | 152.56 million constant 2015 US$ | -0.2% |
| 2021 | 151.35 million constant 2015 US$ | -0.8% |
| 2022 | 154.43 million constant 2015 US$ | +2.0% |
| 2023 | 148.55 million constant 2015 US$ | -3.8% |
| 2024 | 142.71 million constant 2015 US$ | -3.9% |
Marshall Islands compared with similar countries
- Marshall Islands's 142.71 million constant 2015 US$ is below the median for upper middle income countries, which is 26.58 billion constant 2015 US$, 1% of the median. (58 countries reporting)
- Marshall Islands's 142.71 million constant 2015 US$ is below the median for East Asia & Pacific, which is 14.44 billion constant 2015 US$, 1% of the median. (29 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 106.73 million constant 2015 US$ | 103.31 million constant 2015 US$ | 110.36 million constant 2015 US$ | 3 |
| 2000s | 120.32 million constant 2015 US$ | 109.00 million constant 2015 US$ | 126.70 million constant 2015 US$ | 10 |
| 2010s | 137.80 million constant 2015 US$ | 124.80 million constant 2015 US$ | 152.90 million constant 2015 US$ | 10 |
| 2020s | 149.92 million constant 2015 US$ | 142.71 million constant 2015 US$ | 154.43 million constant 2015 US$ | 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)
- SDRs holdings, US dollar, annual growth rate 4.97 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0342 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 290.63 units per person (2025)
- SDRs holdings, SDR, annual growth rate -0.0384 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.025 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 212.21 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0202 units per US$ of GDP (2025)
Frequently asked questions
- What is services, value added in Marshall Islands?
- Services, value added in Marshall Islands was 142.71 million constant 2015 US$ 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 154.43 million constant 2015 US$ in 2022.
- What is the lowest services, value added recorded in Marshall Islands?
- The lowest recorded value was 103.31 million constant 2015 US$ in 1999.
- How does Marshall Islands rank for services, value added?
- Marshall Islands ranks 196th out of 196 countries with data for 2024.
- Is services, value added rising or falling in Marshall Islands?
- Over the last ten years it is up 7.9%. The long-run trend across the full record is rising.
- 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 (constant 2015 US$). 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 defense, 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 is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.