Services, value added (current US$), annual growth rate in Pacific island small states
Pacific island small states: Services, value added (current US$), annual growth rate was 6.91 % change on previous year in 2024. ◆ Volatile
Services, value added (current US$), annual growth rate in Pacific island small states, 2000–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Pacific island small states recorded 6.91 % change on previous year for services, value added (current us$), annual growth rate in 2024.
The figure is down 25.9% on the previous year and up 4.0% over ten years.
Over the whole period, services, value added (current us$), annual growth rate in Pacific island small states peaked at 18.79 % change on previous year in 2003 and was at its lowest, -13.35 % change on previous year, in 2020.
That places Pacific island small states 28th out of 47 groups with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Services, value added (current US$), annual growth rate in Pacific island small states, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 2000 | -4.53 % change on previous year | — |
| 2001 | 0.1722 % change on previous year | -103.8% |
| 2002 | 7.61 % change on previous year | +4316.1% |
| 2003 | 18.79 % change on previous year | +147.0% |
| 2004 | 14.09 % change on previous year | -25.0% |
| 2005 | 17.67 % change on previous year | +25.4% |
| 2006 | 5.5 % change on previous year | -68.9% |
| 2007 | 11.24 % change on previous year | +104.4% |
| 2008 | 6.38 % change on previous year | -43.3% |
| 2009 | -8.11 % change on previous year | -227.2% |
| 2010 | 8.69 % change on previous year | -207.2% |
| 2011 | 16.42 % change on previous year | +88.8% |
| 2012 | 5.19 % change on previous year | -68.4% |
| 2013 | 5.03 % change on previous year | -3.1% |
| 2014 | 6.65 % change on previous year | +32.2% |
| 2015 | -0.9194 % change on previous year | -113.8% |
| 2016 | 3.34 % change on previous year | -463.0% |
| 2017 | 6.95 % change on previous year | +108.1% |
| 2018 | 4.29 % change on previous year | -38.2% |
| 2019 | 0.3869 % change on previous year | -91.0% |
| 2020 | -13.35 % change on previous year | -3550.6% |
| 2021 | 0.2428 % change on previous year | -101.8% |
| 2022 | 11.53 % change on previous year | +4649.7% |
| 2023 | 9.32 % change on previous year | -19.1% |
| 2024 | 6.91 % change on previous year | -25.9% |
Biggest year-on-year movements
Years where Services, value added (current US$), annual growth rate in Pacific island small states changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2022 | +4649.7% | 0.2428 % change on previous year | 11.53 % change on previous year |
| 2002 | +4316.1% | 0.1722 % change on previous year | 7.61 % change on previous year |
| 2020 | -3550.6% | 0.3869 % change on previous year | -13.35 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 6.88 % change on previous year | -8.11 % change on previous year | 18.79 % change on previous year | 10 |
| 2010s | 5.6 % change on previous year | -0.9194 % change on previous year | 16.42 % change on previous year | 10 |
| 2020s | 2.93 % change on previous year | -13.35 % change on previous year | 11.53 % change on previous year | 5 |
Countries ranked near Pacific island small states
- 25 Guinea-Bissau 16.39 % change on previous year compare
- 26 Turkmenistan 15.98 % change on previous year compare
- 27 Albania 15.34 % change on previous year compare
- 28 Georgia 15.08 % change on previous year compare
- 29 Bulgaria 14.56 % change on previous year compare
- 30 San Marino 14.32 % change on previous year compare
- 31 Malaysia 14.14 % change on previous year compare
More economy & growth data for Pacific island small states
- GDP 13.01 billion current US$ (2025)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) 0.1192 constant 2015 US$ per US$ of GDP (2024)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) 539.57 constant 2015 US$ per person (2024)
- Manufacturing, value added (current US$), per unit of GDP 0.0692 current US$ per US$ of GDP (2025)
- Manufacturing, value added (current US$), per capita 326.37 current US$ per person (2025)
- Manufacturing, value added (constant 2015 US$), per unit of GDP 0.0597 constant 2015 US$ per US$ of GDP (2025)
- Inflation, GDP deflator 3.0% (2025)
- Gross value added at basic prices (GVA) 10.84 billion current US$ (2024)
- Gross value added at basic prices (GVA) 9.11 billion constant 2015 US$ (2024)
- GDP per capita growth 2.1% (2025)
Frequently asked questions
- What is services, value added (current us$), annual growth rate in Pacific island small states?
- Services, value added (current us$), annual growth rate in Pacific island small states was 6.91 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest services, value added (current us$), annual growth rate recorded in Pacific island small states?
- The highest recorded value was 18.79 % change on previous year in 2003.
- What is the lowest services, value added (current us$), annual growth rate recorded in Pacific island small states?
- The lowest recorded value was -13.35 % change on previous year in 2020.
- How does Pacific island small states rank for services, value added (current us$), annual growth rate?
- Pacific island small states ranks 28th out of 47 groups with data for 2024.
- Is services, value added (current us$), annual growth rate rising or falling in Pacific island small states?
- Over the last ten years it is up 4.0%. The long-run trend across the full record is volatile.
- Where does this Pacific island small states data come from?
- The figures come from Statizoid (derived), published as part of Services, value added (current US$), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 25 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Services, value added (current US$). 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.