Travel services in Marshall Islands
Marshall Islands: Travel services was 20.3% in 2024. ▼ Falling
Travel services in Marshall Islands, 2005–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of service imports, BoP.
Analysis
Marshall Islands recorded 20.3% for travel services in 2024.
Compared with earlier readings it is up 3.5% on the previous year and down 0.7% over ten years.
Over the whole period, travel services in Marshall Islands peaked at 35.7% in 2018 and was at its lowest, 13.7%, in 2021.
That places Marshall Islands 96th out of 198 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.
Travel services in Marshall Islands, year by year
| Year | % of service imports, BoP | Change |
|---|---|---|
| 2005 | 29.0% | — |
| 2006 | 23.2% | -19.9% |
| 2007 | 21.6% | -7.0% |
| 2008 | 23.6% | +9.7% |
| 2009 | 19.4% | -17.9% |
| 2010 | 20.4% | +5.2% |
| 2011 | 21.8% | +6.6% |
| 2012 | 21.2% | -2.8% |
| 2013 | 19.0% | -10.3% |
| 2014 | 20.4% | +7.6% |
| 2015 | 24.8% | +21.3% |
| 2016 | 23.4% | -5.6% |
| 2017 | 30.8% | +31.6% |
| 2018 | 35.7% | +16.0% |
| 2019 | 30.8% | -13.6% |
| 2020 | 21.8% | -29.1% |
| 2021 | 13.7% | -37.4% |
| 2022 | 20.4% | +49.1% |
| 2023 | 19.6% | -3.9% |
| 2024 | 20.3% | +3.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 23.3% | 19.4% | 29.0% | 5 |
| 2010s | 24.8% | 19.0% | 35.7% | 10 |
| 2020s | 19.2% | 13.7% | 21.8% | 5 |
Countries ranked near Marshall Islands
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)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 13.36 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 46.01 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0469 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 355.78 BoP, current US$ per person (2024)
- General government final consumption expenditure (current US$) 2.99 % change on previous year (2024)
- General government final consumption expenditure (current US$), per 0.5453 current US$ per US$ of GDP (2024)
- General government final consumption expenditure (current US$), per 4,139 current US$ per person (2024)
- General government final consumption expenditure (current LCU) 2.99 % change on previous year (2024)
Frequently asked questions
- What is travel services in Marshall Islands?
- Travel services in Marshall Islands was 20.3% in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest travel services recorded in Marshall Islands?
- The highest recorded value was 35.7% in 2018.
- What is the lowest travel services recorded in Marshall Islands?
- The lowest recorded value was 13.7% in 2021.
- How does Marshall Islands rank for travel services?
- Marshall Islands ranks 96th out of 198 countries with data for 2024.
- Is travel services rising or falling in Marshall Islands?
- Over the last ten years it is down 0.7%. 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 Travel services (% of service imports, BoP). 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
Travel services cover goods and services for own use or to give away acquired from an economy by nonresidents during visits to that economy, or acquired from other economies by residents during visits to these other economies. This indicator is expressed as a percentage of service imports which are services provided by non-residents to residents.