Services value added — all countries

Services value added — Marshall Islands

Services value added in the Marshall Islands in 2024 — 194,346,000 US$. Ranked 188 in the world out of 188. Since 1997, the indicator has risen by 147.3%.

2024 194M US$ +5.69% vs 2023
World rank 188of 188
Period maximum 194M US$2024
Period minimum 78.58M US$1997

Trend over time

1997–2024 · US$

Services value added — Marshall Islands, 1997–202450M100M150M200M19972000200320062009201220152018202120241997: 78,578,600 US$1998: 79,944,900 US$1999: 78,640,000 US$2000: 84,908,100 US$2001: 89,292,400 US$2002: 96,221,600 US$2003: 98,939,200 US$2004: 103,607,000 US$2005: 108,490,300 US$2006: 110,340,100 US$2007: 115,070,600 US$2008: 112,576,500 US$2009: 115,305,400 US$2010: 115,523,700 US$2011: 119,479,900 US$2012: 121,527,800 US$2013: 126,337,700 US$2014: 131,910,400 US$2015: 139,136,900 US$2016: 144,660,900 US$2017: 153,796,200 US$2018: 159,503,200 US$2019: 162,546,300 US$2020: 166,583,700 US$2021: 168,029,800 US$2022: 178,682,200 US$2023: 183,890,500 US$2024: 194,346,000 US$
Change over the period: +116M (+147.33%) Average annual rate: 3.41 %

Comparison, 2024

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

Marshall Islands 194M US$
World 70.69T US$
Upper-middle-income countries computed 17.06T US$
Services value added — Marshall Islands, by year Marshall Islands All countries CSV XLSX
Year US$ Change Change, %
2024 194M +10.46M +5.69%
2023 184M +5.21M +2.91%
2022 179M +10.65M +6.34%
2021 168M +1.45M +0.87%
2020 167M +4.04M +2.48%
2019 163M +3.04M +1.91%
2018 160M +5.71M +3.71%
2017 154M +9.14M +6.31%
2016 145M +5.52M +3.97%
2015 139M +7.23M +5.48%
2014 132M +5.57M +4.41%
2013 126M +4.81M +3.96%
2012 122M +2.05M +1.71%
2011 119M +3.96M +3.42%
2010 116M +218,300 +0.19%
2009 115M +2.73M +2.42%
2008 113M −2.49M −2.17%
2007 115M +4.73M +4.29%
2006 110M +1.85M +1.71%
2005 108M +4.88M +4.71%
2004 104M +4.67M +4.72%
2003 98.94M +2.72M +2.82%
2002 96.22M +6.93M +7.76%
2001 89.29M +4.38M +5.16%
2000 84.91M +6.27M +7.97%
1999 78.64M −1.3M −1.63%
1998 79.94M +1.37M +1.74%
1997 78.58M

Micronesia, 2024

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

About the indicator

Value added by the service sector in current US dollars: trade, transport, communications, finance, real estate, public administration, education, health care and everything else that is neither industry nor agriculture. In most advanced countries this is two thirds of the economy or more, and in absolute figures the sector is larger than industry almost everywhere except a few manufacturing economies of East Asia.

Important: A residual category by definition: everything not assigned to agriculture or industry. Its composition is therefore harder to compare across countries than its size.

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