Services share of GDP — all countries

Services share of GDP — Marshall Islands

Services share of GDP in the Marshall Islands in 2024 — 68.2%. Ranked 37 in the world out of 189. Since 1997, the indicator has fallen by 3.3 pp.

2024 68.2% −1.5 pp vs 2023
World rank 37of 189
Period maximum 78.6%2005
Period minimum 64.3%2021

Trend over time

1997–2024 · % of GDP

Services share of GDP — Marshall Islands, 1997–2024606570758019972000200320062009201220152018202120241997: 71.5%1998: 71.3%1999: 69.4%2000: 73.9%2001: 72.9%2002: 72.9%2003: 75.5%2004: 78%2005: 78.6%2006: 77.1%2007: 76.5%2008: 76.8%2009: 76.3%2010: 71.7%2011: 69.3%2012: 67.3%2013: 67.8%2014: 70.9%2015: 75.7%2016: 71.7%2017: 72%2018: 72.5%2019: 69.8%2020: 68.9%2021: 64.3%2022: 69.1%2023: 69.7%2024: 68.2%
Change over the period: −3.3 pp Annual average: -0.12 pp

Comparison, 2024

How the value compares with the world and the groups this territory belongs to: Marshall Islands

Marshall Islands 68.2%
World 63.3%
Services share of GDP — Marshall Islands, by year Marshall Islands All countries CSV XLSX
Year % Change, pp
2024 68.2 −1.5 pp
2023 69.7 +0.6 pp
2022 69.1 +4.7 pp
2021 64.3 −4.6 pp
2020 68.9 −0.9 pp
2019 69.8 −2.7 pp
2018 72.5 +0.5 pp
2017 72 +0.3 pp
2016 71.7 −4.1 pp
2015 75.7 +4.8 pp
2014 70.9 +3.1 pp
2013 67.8 +0.5 pp
2012 67.3 −2.1 pp
2011 69.3 −2.4 pp
2010 71.7 −4.6 pp
2009 76.3 −0.5 pp
2008 76.8 +0.3 pp
2007 76.5 −0.6 pp
2006 77.1 −1.6 pp
2005 78.6 +0.7 pp
2004 78 +2.5 pp
2003 75.5 +2.5 pp
2002 72.9 −0 pp
2001 72.9 −1 pp
2000 73.9 +4.6 pp
1999 69.4 −2 pp
1998 71.3 −0.2 pp
1997 71.5

Micronesia, 2024

The same indicator for neighboring countries — with links to their pages

About the indicator

The share of value added by the service sector in GDP: wholesale and retail trade, transport, communications, finance, real estate, business and government services, education and health care. In most high-income countries it exceeds 70%; in small island states and tourism economies it reaches 80–90%.

Source: World Development Indicators (World Bank), license CC BY 4.0.