Services, value added (% of GDP) in Marshall Islands
Marshall Islands: Services, value added (% of GDP) was 68.2% in 2024. ▼ Falling
Services, value added in Marshall Islands, 1997–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
The most recent figure for services, value added in Marshall Islands is 68.2%, measured in 2024.
The figure is down 2.1% on the previous year and down 3.8% over ten years.
Over the whole period, services, value added in Marshall Islands peaked at 78.6% in 2005 and was at its lowest, 64.3%, in 2021.
That places Marshall Islands 42nd out of 206 countries with data for 2024, putting it in the top quarter.
The long-run direction has been consistently falling across the 28 years of available data.
Services, value added (% of GDP) in Marshall Islands, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1997 | 71.5% | — |
| 1998 | 71.3% | -0.2% |
| 1999 | 69.4% | -2.7% |
| 2000 | 73.9% | +6.6% |
| 2001 | 72.9% | -1.3% |
| 2002 | 72.9% | -0.0% |
| 2003 | 75.5% | +3.5% |
| 2004 | 78.0% | +3.3% |
| 2005 | 78.6% | +0.8% |
| 2006 | 77.1% | -2.0% |
| 2007 | 76.5% | -0.8% |
| 2008 | 76.8% | +0.4% |
| 2009 | 76.3% | -0.7% |
| 2010 | 71.7% | -6.0% |
| 2011 | 69.3% | -3.3% |
| 2012 | 67.3% | -3.0% |
| 2013 | 67.8% | +0.8% |
| 2014 | 70.9% | +4.6% |
| 2015 | 75.7% | +6.8% |
| 2016 | 71.7% | -5.4% |
| 2017 | 72.0% | +0.4% |
| 2018 | 72.5% | +0.7% |
| 2019 | 69.8% | -3.7% |
| 2020 | 68.9% | -1.3% |
| 2021 | 64.3% | -6.6% |
| 2022 | 69.1% | +7.4% |
| 2023 | 69.7% | +0.9% |
| 2024 | 68.2% | -2.1% |
Marshall Islands compared with similar countries
- Marshall Islands's 68.2% is above the median for upper middle income countries, which is 58.1%, 1.2× the median. (58 countries reporting)
- Marshall Islands's 68.2% is above the median for East Asia & Pacific, which is 60.2%, 1.1× the median. (31 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 70.7% | 69.4% | 71.5% | 3 |
| 2000s | 75.8% | 72.9% | 78.6% | 10 |
| 2010s | 70.9% | 67.3% | 75.7% | 10 |
| 2020s | 68.0% | 64.3% | 69.7% | 5 |
Countries ranked near Marshall Islands
- 39 Antigua and Barbuda 68.7% compare
- 40 Spain 68.4% compare
- 41 New Zealand 68.2% compare
- 43 Seychelles 67.9% compare
- 44 Cape Verde 67.9% compare
- 45 Australia 67.5% 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)
- 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)
- IMF holdings of currency, US dollar, per unit of GDP 0.0202 units per US$ of GDP (2025)
Frequently asked questions
- What is services, value added in Marshall Islands?
- Services, value added in Marshall Islands was 68.2% 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 78.6% in 2005.
- What is the lowest services, value added recorded in Marshall Islands?
- The lowest recorded value was 64.3% in 2021.
- How does Marshall Islands rank for services, value added?
- Marshall Islands ranks 42nd 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 down 3.8%. The long-run trend across the full record is falling.
- 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 (% of GDP). 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.