Services, value added (constant LCU), per unit of GDP in Marshall Islands
Marshall Islands: Services, value added (constant LCU), per unit of GDP was 0.5007 constant LCU per US$ of GDP in 2024. ▼ Falling
Services, value added (constant LCU), per unit of GDP in Marshall Islands, 1997–2024
Source: Statizoid (derived). Measured in constant LCU per US$ of GDP.
Analysis
In 2024, services, value added (constant lcu), per unit of gdp in Marshall Islands stood at 0.5007 constant LCU per US$ of GDP. That is the lowest value across all 28 years on record.
That represents a change of down 11.0% on the previous year and down 29.6% over ten years.
Over the whole period, services, value added (constant lcu), per unit of gdp in Marshall Islands peaked at 1 constant LCU per US$ of GDP in 1997 and was at its lowest, 0.5007 constant LCU per US$ of GDP, in 2024.
That places Marshall Islands 167th out of 197 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 28 years of available data.
Services, value added (constant LCU), per unit of GDP in Marshall Islands, year by year
| Year | constant LCU per US$ of GDP | Change |
|---|---|---|
| 1997 | 1 constant LCU per US$ of GDP | — |
| 1998 | 0.9504 constant LCU per US$ of GDP | -5.4% |
| 1999 | 0.9114 constant LCU per US$ of GDP | -4.1% |
| 2000 | 0.9492 constant LCU per US$ of GDP | +4.1% |
| 2001 | 0.9451 constant LCU per US$ of GDP | -0.4% |
| 2002 | 0.9034 constant LCU per US$ of GDP | -4.4% |
| 2003 | 0.9296 constant LCU per US$ of GDP | +2.9% |
| 2004 | 0.9296 constant LCU per US$ of GDP | -0.0% |
| 2005 | 0.9147 constant LCU per US$ of GDP | -1.6% |
| 2006 | 0.8425 constant LCU per US$ of GDP | -7.9% |
| 2007 | 0.8419 constant LCU per US$ of GDP | -0.1% |
| 2008 | 0.801 constant LCU per US$ of GDP | -4.9% |
| 2009 | 0.8123 constant LCU per US$ of GDP | +1.4% |
| 2010 | 0.7821 constant LCU per US$ of GDP | -3.7% |
| 2011 | 0.7243 constant LCU per US$ of GDP | -7.4% |
| 2012 | 0.7103 constant LCU per US$ of GDP | -1.9% |
| 2013 | 0.7061 constant LCU per US$ of GDP | -0.6% |
| 2014 | 0.711 constant LCU per US$ of GDP | +0.7% |
| 2015 | 0.7574 constant LCU per US$ of GDP | +6.5% |
| 2016 | 0.7021 constant LCU per US$ of GDP | -7.3% |
| 2017 | 0.6947 constant LCU per US$ of GDP | -1.0% |
| 2018 | 0.6944 constant LCU per US$ of GDP | -0.0% |
| 2019 | 0.6565 constant LCU per US$ of GDP | -5.5% |
| 2020 | 0.6309 constant LCU per US$ of GDP | -3.9% |
| 2021 | 0.5793 constant LCU per US$ of GDP | -8.2% |
| 2022 | 0.5969 constant LCU per US$ of GDP | +3.0% |
| 2023 | 0.5627 constant LCU per US$ of GDP | -5.7% |
| 2024 | 0.5007 constant LCU per US$ of GDP | -11.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.9554 constant LCU per US$ of GDP | 0.9114 constant LCU per US$ of GDP | 1 constant LCU per US$ of GDP | 3 |
| 2000s | 0.8869 constant LCU per US$ of GDP | 0.801 constant LCU per US$ of GDP | 0.9492 constant LCU per US$ of GDP | 10 |
| 2010s | 0.7139 constant LCU per US$ of GDP | 0.6565 constant LCU per US$ of GDP | 0.7821 constant LCU per US$ of GDP | 10 |
| 2020s | 0.5741 constant LCU per US$ of GDP | 0.5007 constant LCU per US$ of GDP | 0.6309 constant LCU per US$ of GDP | 5 |
Countries ranked near Marshall Islands
- 164 Belgium 0.5216 constant LCU per US$ of GDP compare
- 165 Netherlands 0.5013 constant LCU per US$ of GDP compare
- 166 Italy 0.5008 constant LCU per US$ of GDP compare
- 168 Greece 0.4895 constant LCU per US$ of GDP compare
- 169 Finland 0.4847 constant LCU per US$ of GDP compare
- 170 Germany 0.4765 constant LCU 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)
- Exports of goods and services (current LCU), annual growth rate 4.72 % change on previous year (2025)
- Exports of goods and services (current LCU), per unit of GDP 0.3604 current LCU per US$ of GDP (2025)
- Exports of goods and services (current LCU), per capita 3,059 current LCU per person (2025)
- Exports of goods and services (constant 2015 US$), annual growth rate 18.74 % change on previous year (2024)
- Exports of goods and services (constant 2015 US$), per unit of GDP 0.3175 constant 2015 US$ per US$ of GDP (2024)
- Exports of goods and services (constant 2015 US$), per capita 2,410 constant 2015 US$ per person (2024)
- Gross fixed capital formation (current US$), annual growth rate 24.94 % change on previous year (2024)
- Gross fixed capital formation (current US$), per unit of GDP 0.2286 current US$ per US$ of GDP (2024)
Frequently asked questions
- What is services, value added (constant lcu), per unit of gdp in Marshall Islands?
- Services, value added (constant lcu), per unit of gdp in Marshall Islands was 0.5007 constant LCU per US$ of GDP in 2024, according to Statizoid (derived).
- What is the highest services, value added (constant lcu), per unit of gdp recorded in Marshall Islands?
- The highest recorded value was 1 constant LCU per US$ of GDP in 1997.
- What is the lowest services, value added (constant lcu), per unit of gdp recorded in Marshall Islands?
- The lowest recorded value was 0.5007 constant LCU per US$ of GDP in 2024.
- How does Marshall Islands rank for services, value added (constant lcu), per unit of gdp?
- Marshall Islands ranks 167th out of 197 countries with data for 2024.
- Is services, value added (constant lcu), 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 LCU), 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 LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Services, value added (constant LCU) ÷ GDP (current US$)
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 LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.