Services, value added (constant LCU) in Marshall Islands
Marshall Islands: Services, value added (constant LCU) was 142.71 million constant LCU in 2024. ▲ Rising
Services, value added in Marshall Islands, 1997–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant LCU.
Analysis
Marshall Islands recorded 142.71 million constant LCU for services, value added in 2024.
Compared with earlier readings it 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 LCU in 2022 and was at its lowest, 103.31 million constant LCU, in 1999.
Marshall Islands ranks 199th of 199 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 28 years of available data.
Services, value added (constant LCU) in Marshall Islands, year by year
| Year | constant LCU | Change |
|---|---|---|
| 1997 | 110.36 million constant LCU | — |
| 1998 | 106.52 million constant LCU | -3.5% |
| 1999 | 103.31 million constant LCU | -3.0% |
| 2000 | 109.00 million constant LCU | +5.5% |
| 2001 | 115.68 million constant LCU | +6.1% |
| 2002 | 119.21 million constant LCU | +3.0% |
| 2003 | 121.90 million constant LCU | +2.3% |
| 2004 | 123.54 million constant LCU | +1.3% |
| 2005 | 126.23 million constant LCU | +2.2% |
| 2006 | 120.65 million constant LCU | -4.4% |
| 2007 | 126.70 million constant LCU | +5.0% |
| 2008 | 117.43 million constant LCU | -7.3% |
| 2009 | 122.82 million constant LCU | +4.6% |
| 2010 | 126.00 million constant LCU | +2.6% |
| 2011 | 124.80 million constant LCU | -1.0% |
| 2012 | 128.34 million constant LCU | +2.8% |
| 2013 | 131.62 million constant LCU | +2.6% |
| 2014 | 132.25 million constant LCU | +0.5% |
| 2015 | 139.14 million constant LCU | +5.2% |
| 2016 | 141.68 million constant LCU | +1.8% |
| 2017 | 148.46 million constant LCU | +4.8% |
| 2018 | 152.77 million constant LCU | +2.9% |
| 2019 | 152.90 million constant LCU | +0.1% |
| 2020 | 152.56 million constant LCU | -0.2% |
| 2021 | 151.35 million constant LCU | -0.8% |
| 2022 | 154.43 million constant LCU | +2.0% |
| 2023 | 148.55 million constant LCU | -3.8% |
| 2024 | 142.71 million constant LCU | -3.9% |
Marshall Islands compared with similar countries
- Marshall Islands's 142.71 million constant LCU is below the median for upper middle income countries, which is 353.44 billion constant LCU, 0% of the median. (58 countries reporting)
- Marshall Islands's 142.71 million constant LCU is below the median for East Asia & Pacific, which is 409.12 billion constant LCU, 0% of the median. (29 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 106.73 million constant LCU | 103.31 million constant LCU | 110.36 million constant LCU | 3 |
| 2000s | 120.32 million constant LCU | 109.00 million constant LCU | 126.70 million constant LCU | 10 |
| 2010s | 137.80 million constant LCU | 124.80 million constant LCU | 152.90 million constant LCU | 10 |
| 2020s | 149.92 million constant LCU | 142.71 million constant LCU | 154.43 million constant LCU | 5 |
Countries ranked near Marshall Islands
More economy & growth data for Marshall Islands
- Real gdp growth, annual growth rate 157.02 % change on previous year (2024)
- 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)
Frequently asked questions
- What is services, value added in Marshall Islands?
- Services, value added in Marshall Islands was 142.71 million constant LCU 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 LCU in 2022.
- What is the lowest services, value added recorded in Marshall Islands?
- The lowest recorded value was 103.31 million constant LCU in 1999.
- How does Marshall Islands rank for services, value added?
- Marshall Islands ranks 199th out of 199 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 LCU). 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 defence, 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 varies by country. This series is expressed in local currency units.