Trade in services in Marshall Islands
Marshall Islands: Trade in services was 29.9% in 2024. ▼ Falling
Trade in services in Marshall Islands, 2005–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
Marshall Islands recorded 29.9% for trade in services in 2024.
Compared with earlier readings it is down 0.8% on the previous year and down 24.0% over ten years.
Over the whole period, trade in services in Marshall Islands peaked at 48.8% in 2009 and was at its lowest, 27.9%, in 2022.
That places Marshall Islands 68th out of 200 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently falling across the 20 years of available data.
Trade in services in Marshall Islands, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2005 | 43.1% | — |
| 2006 | 39.8% | -7.8% |
| 2007 | 41.3% | +3.9% |
| 2008 | 40.0% | -3.1% |
| 2009 | 48.8% | +21.9% |
| 2010 | 39.5% | -19.0% |
| 2011 | 40.1% | +1.6% |
| 2012 | 39.2% | -2.4% |
| 2013 | 41.8% | +6.7% |
| 2014 | 39.4% | -5.7% |
| 2015 | 37.0% | -6.1% |
| 2016 | 37.0% | -0.1% |
| 2017 | 37.3% | +0.9% |
| 2018 | 44.8% | +20.3% |
| 2019 | 28.7% | -35.9% |
| 2020 | 29.4% | +2.3% |
| 2021 | 31.6% | +7.6% |
| 2022 | 27.9% | -11.6% |
| 2023 | 30.2% | +8.1% |
| 2024 | 29.9% | -0.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 42.6% | 39.8% | 48.8% | 5 |
| 2010s | 38.5% | 28.7% | 44.8% | 10 |
| 2020s | 29.8% | 27.9% | 31.6% | 5 |
Countries ranked near Marshall Islands
More economy & growth data for Marshall Islands
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 1.5 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 0.6305 Percent per annum (2029)
- 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)
- Manufacturing value added to gdp, per capita 0.0001 units per person (2024)
- Gdp worldbank constant usd, annual growth rate 2.28 % change on previous year (2025)
- Gdp worldbank constant usd, per capita 6,174 units per person (2025)
- Gdp worldbank constant usd, per unit of GDP 0.7273 units per US$ of GDP (2025)
- GDP per capita 6,174 constant 2015 US$ (2025)
- External balance on goods and services -135.00 million current US$ (2025)
Frequently asked questions
- What is trade in services in Marshall Islands?
- Trade in services in Marshall Islands was 29.9% in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest trade in services recorded in Marshall Islands?
- The highest recorded value was 48.8% in 2009.
- What is the lowest trade in services recorded in Marshall Islands?
- The lowest recorded value was 27.9% in 2022.
- How does Marshall Islands rank for trade in services?
- Marshall Islands ranks 68th out of 200 countries with data for 2024.
- Is trade in services rising or falling in Marshall Islands?
- Over the last ten years it is down 24.0%. The long-run trend across the full record is falling.
- Where does this Marshall Islands data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Trade in services (% of GDP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 20 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Total trade in services includes services provided by residents to non-residents plus services provided by non-residents to residents. 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.