Services, value added in Marshall Islands
Marshall Islands: Services, value added was 194.35 million current US$ in 2024. ▲ Rising
Services, value added in Marshall Islands, 1997–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
The most recent figure for services, value added in Marshall Islands is 194.35 million current US$, measured in 2024. That is the highest value across all 28 years on record.
Compared with earlier readings it is up 5.7% on the previous year and up 47.3% over ten years.
Over the whole period, services, value added in Marshall Islands peaked at 194.35 million current US$ in 2024 and was at its lowest, 78.58 million current US$, in 1997.
Marshall Islands ranks 202nd of 203 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 28 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 79.05 million current US$ | 78.58 million current US$ | 79.94 million current US$ | 3 |
| 2000s | 103.48 million current US$ | 84.91 million current US$ | 115.31 million current US$ | 10 |
| 2010s | 137.44 million current US$ | 115.52 million current US$ | 162.55 million current US$ | 10 |
| 2020s | 178.31 million current US$ | 166.58 million current US$ | 194.35 million current US$ | 5 |
Countries ranked near Marshall Islands
More economy & growth data for Marshall Islands
- External balance on goods and services as a percent of GDP -43.8% (2025)
- GDP per capita 6,174 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 3.2% (2024)
- Gross domestic product (GDP) 224.00 million constant 2015 US$ (2025)
- GDP per capita in international and market dollars 6,174 constant 2015 US$ (2025)
- DEC alternative conversion factor 1 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) 124.43 million current LCU (2024)
- Net secondary income (Net current transfers from abroad) 124.43 million current US$ (2024)
- Taxes less subsidies on products 12.05 million current LCU (2024)
- Taxes less subsidies on products 12.05 million current US$ (2024)
Frequently asked questions
- What is services, value added in Marshall Islands?
- Services, value added in Marshall Islands was 194.35 million current 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 194.35 million current US$ in 2024.
- What is the lowest services, value added recorded in Marshall Islands?
- The lowest recorded value was 78.58 million current US$ in 1997.
- How does Marshall Islands rank for services, value added?
- Marshall Islands ranks 202nd out of 203 countries with data for 2024.
- Is services, value added rising or falling in Marshall Islands?
- Over the last ten years it is up 47.3%. 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 (current US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 28 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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 current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.