Trade in services (% of GDP) in Pacific island small states
Pacific island small states: Trade in services (% of GDP) was 44.9% in 2024. ▲ Rising
Trade in services in Pacific island small states, 1979–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
In 2024, trade in services in Pacific island small states stood at 44.9%.
The figure is down 2.9% on the previous year and up 13.7% over ten years.
Over the whole period, trade in services in Pacific island small states peaked at 50.7% in 1991 and was at its lowest, 22.7%, in 2021.
That places Pacific island small states 3rd out of 47 groups with data for 2024, putting it in the top 10%.
The long-run direction has been consistently rising across the 46 years of available data.
Trade in services (% of GDP) in Pacific island small states, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1979 | 26.0% | — |
| 1980 | 25.8% | -0.6% |
| 1981 | 29.6% | +14.7% |
| 1982 | 31.7% | +7.1% |
| 1983 | 33.2% | +4.7% |
| 1984 | 31.8% | -4.4% |
| 1985 | 35.9% | +13.1% |
| 1986 | 34.5% | -3.9% |
| 1987 | 34.3% | -0.6% |
| 1988 | 39.6% | +15.5% |
| 1989 | 49.0% | +23.7% |
| 1990 | 50.2% | +2.5% |
| 1991 | 50.7% | +1.1% |
| 1992 | 47.9% | -5.6% |
| 1993 | 47.3% | -1.2% |
| 1994 | 44.6% | -5.7% |
| 1995 | 44.2% | -0.9% |
| 1996 | 44.2% | -0.1% |
| 1997 | 46.6% | +5.5% |
| 1998 | 46.4% | -0.4% |
| 1999 | 45.0% | -3.1% |
| 2000 | 46.5% | +3.2% |
| 2001 | 43.4% | -6.6% |
| 2002 | 40.7% | -6.3% |
| 2003 | 42.2% | +3.7% |
| 2004 | 40.9% | -3.1% |
| 2005 | 44.1% | +7.9% |
| 2006 | 41.6% | -5.6% |
| 2007 | 40.5% | -2.7% |
| 2008 | 44.8% | +10.7% |
| 2009 | 42.0% | -6.3% |
| 2010 | 43.8% | +4.3% |
| 2011 | 42.8% | -2.2% |
| 2012 | 42.3% | -1.2% |
| 2013 | 43.0% | +1.5% |
| 2014 | 39.5% | -8.2% |
| 2015 | 38.9% | -1.3% |
| 2016 | 39.5% | +1.3% |
| 2017 | 39.5% | +0.0% |
| 2018 | 41.2% | +4.3% |
| 2019 | 42.7% | +3.7% |
| 2020 | 24.2% | -43.4% |
| 2021 | 22.7% | -5.9% |
| 2022 | 35.7% | +56.9% |
| 2023 | 46.2% | +29.6% |
| 2024 | 44.9% | -2.9% |
Biggest year-on-year movements
Years where Trade in services (% of GDP) 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 | +56.9% | 22.7% | 35.7% |
| 2020 | -43.4% | 42.7% | 24.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 26.0% | 26.0% | 26.0% | 1 |
| 1980s | 34.5% | 25.8% | 49.0% | 10 |
| 1990s | 46.7% | 44.2% | 50.7% | 10 |
| 2000s | 42.7% | 40.5% | 46.5% | 10 |
| 2010s | 41.3% | 38.9% | 43.8% | 10 |
| 2020s | 34.7% | 22.7% | 46.2% | 5 |
Countries ranked near Pacific island small states
More economy & growth data for Pacific island small states
- Gross national expenditure (current US$), per unit of GDP 1.22 current US$ per US$ of GDP (2024)
- GNI, Atlas method (current US$), per capita 4,738 current US$ per person (2025)
- GNI (current US$), annual growth rate 5.95 % change on previous year (2025)
- GNI (current US$), per unit of GDP 1.02 current US$ per US$ of GDP (2025)
- GNI (current US$), per capita 4,800 current US$ per person (2025)
- GNI, Atlas method 13.06 billion current US$ (2025)
- Gross domestic savings 119.30 million current US$ (2024)
- Gross domestic savings 1.0% (2024)
- GNI, Atlas method (current US$), per unit of GDP 1 current US$ per US$ of GDP (2025)
- GNI 13.23 billion current US$ (2025)
Frequently asked questions
- What is trade in services in Pacific island small states?
- Trade in services in Pacific island small states was 44.9% 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 Pacific island small states?
- The highest recorded value was 50.7% in 1991.
- What is the lowest trade in services recorded in Pacific island small states?
- The lowest recorded value was 22.7% in 2021.
- How does Pacific island small states rank for trade in services?
- Pacific island small states ranks 3rd out of 47 groups with data for 2024.
- Is trade in services rising or falling in Pacific island small states?
- Over the last ten years it is up 13.7%. The long-run trend across the full record is rising.
- Where does this Pacific island small states 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
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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.