Services, value added (current US$), annual growth rate in Marshall Islands
Marshall Islands: Services, value added (current US$), annual growth rate was 5.69 % change on previous year in 2024. ◆ Volatile
Services, value added (current US$), annual growth rate in Marshall Islands, 1998–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2024, services, value added (current us$), annual growth rate in Marshall Islands stood at 5.69 % change on previous year.
The figure is up 95.1% on the previous year and up 28.9% over ten years.
Over the whole period, services, value added (current us$), annual growth rate in Marshall Islands peaked at 7.97 % change on previous year in 2000 and was at its lowest, -2.17 % change on previous year, in 2008.
That places Marshall Islands 145th out of 204 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Services, value added (current US$), annual growth rate in Marshall Islands, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1998 | 1.74 % change on previous year | — |
| 1999 | -1.63 % change on previous year | -193.9% |
| 2000 | 7.97 % change on previous year | -588.3% |
| 2001 | 5.16 % change on previous year | -35.2% |
| 2002 | 7.76 % change on previous year | +50.3% |
| 2003 | 2.82 % change on previous year | -63.6% |
| 2004 | 4.72 % change on previous year | +67.0% |
| 2005 | 4.71 % change on previous year | -0.1% |
| 2006 | 1.71 % change on previous year | -63.8% |
| 2007 | 4.29 % change on previous year | +151.4% |
| 2008 | -2.17 % change on previous year | -150.6% |
| 2009 | 2.42 % change on previous year | -211.8% |
| 2010 | 0.1899 % change on previous year | -92.2% |
| 2011 | 3.42 % change on previous year | +1703.0% |
| 2012 | 1.71 % change on previous year | -49.9% |
| 2013 | 3.96 % change on previous year | +130.9% |
| 2014 | 4.41 % change on previous year | +11.4% |
| 2015 | 5.48 % change on previous year | +24.2% |
| 2016 | 3.97 % change on previous year | -27.5% |
| 2017 | 6.31 % change on previous year | +59.1% |
| 2018 | 3.71 % change on previous year | -41.2% |
| 2019 | 1.91 % change on previous year | -48.6% |
| 2020 | 2.48 % change on previous year | +30.2% |
| 2021 | 0.868 % change on previous year | -65.1% |
| 2022 | 6.34 % change on previous year | +630.3% |
| 2023 | 2.91 % change on previous year | -54.0% |
| 2024 | 5.69 % change on previous year | +95.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.0533 % change on previous year | -1.63 % change on previous year | 1.74 % change on previous year | 2 |
| 2000s | 3.94 % change on previous year | -2.17 % change on previous year | 7.97 % change on previous year | 10 |
| 2010s | 3.51 % change on previous year | 0.1899 % change on previous year | 6.31 % change on previous year | 10 |
| 2020s | 3.66 % change on previous year | 0.868 % change on previous year | 6.34 % change on previous year | 5 |
Countries ranked near Marshall Islands
- 142 Niger 5.79 % change on previous year compare
- 143 Bahrain 5.7 % change on previous year compare
- 144 China 5.69 % change on previous year compare
- 146 Barbados 5.66 % change on previous year compare
- 147 Dominica 5.59 % change on previous year compare
- 148 Panama 5.57 % change on previous year 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 (current us$), annual growth rate in Marshall Islands?
- Services, value added (current us$), annual growth rate in Marshall Islands was 5.69 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest services, value added (current us$), annual growth rate recorded in Marshall Islands?
- The highest recorded value was 7.97 % change on previous year in 2000.
- What is the lowest services, value added (current us$), annual growth rate recorded in Marshall Islands?
- The lowest recorded value was -2.17 % change on previous year in 2008.
- How does Marshall Islands rank for services, value added (current us$), annual growth rate?
- Marshall Islands ranks 145th out of 204 countries with data for 2024.
- Is services, value added (current us$), annual growth rate rising or falling in Marshall Islands?
- Over the last ten years it is up 28.9%. The long-run trend across the full record is volatile.
- Where does this Marshall Islands data come from?
- The figures come from Statizoid (derived), published as part of Services, value added (current US$), annual growth rate. Statizoid updates them automatically from the source API.
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How this figure is calculated
The year-on-year percentage change in Services, value added (current US$). 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 (current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.