Services, value added (current US$) in Marshall Islands
Marshall Islands: Services, value added (current US$) 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$, in 1997.
Marshall Islands ranks 205th of 206 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 28 years of available data.
Services, value added (current US$) in Marshall Islands, year by year
| Year | current US$ | Change |
|---|---|---|
| 1997 | 78.58 million current US$ | — |
| 1998 | 79.94 million current US$ | +1.7% |
| 1999 | 78.64 million current US$ | -1.6% |
| 2000 | 84.91 million current US$ | +8.0% |
| 2001 | 89.29 million current US$ | +5.2% |
| 2002 | 96.22 million current US$ | +7.8% |
| 2003 | 98.94 million current US$ | +2.8% |
| 2004 | 103.61 million current US$ | +4.7% |
| 2005 | 108.49 million current US$ | +4.7% |
| 2006 | 110.34 million current US$ | +1.7% |
| 2007 | 115.07 million current US$ | +4.3% |
| 2008 | 112.58 million current US$ | -2.2% |
| 2009 | 115.31 million current US$ | +2.4% |
| 2010 | 115.52 million current US$ | +0.2% |
| 2011 | 119.48 million current US$ | +3.4% |
| 2012 | 121.53 million current US$ | +1.7% |
| 2013 | 126.34 million current US$ | +4.0% |
| 2014 | 131.91 million current US$ | +4.4% |
| 2015 | 139.14 million current US$ | +5.5% |
| 2016 | 144.66 million current US$ | +4.0% |
| 2017 | 153.80 million current US$ | +6.3% |
| 2018 | 159.50 million current US$ | +3.7% |
| 2019 | 162.55 million current US$ | +1.9% |
| 2020 | 166.58 million current US$ | +2.5% |
| 2021 | 168.03 million current US$ | +0.9% |
| 2022 | 178.68 million current US$ | +6.3% |
| 2023 | 183.89 million current US$ | +2.9% |
| 2024 | 194.35 million current US$ | +5.7% |
Marshall Islands compared with similar countries
- Marshall Islands's 194.35 million current US$ is below the median for upper middle income countries, which is 24.02 billion current US$, 1% of the median. (58 countries reporting)
- Marshall Islands's 194.35 million current US$ is below the median for East Asia & Pacific, which is 12.93 billion current US$, 2% of the median. (31 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 79.05 million current US$ | 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
- 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 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 205th out of 206 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.
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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 current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.