Service exports — all countries

Service exports — Marshall Islands

Service exports in the Marshall Islands in 2024 — 21,141,842 US$. Ranked 163 in the world out of 165. Since 2005, the indicator has risen by 115.2%.

2024 21.14M US$ +7.41% vs 2023
World rank 163of 165
Period maximum 42.91M US$2018
Period minimum 7.27M US$2019

Trend over time

2005–2024 · US$

Service exports — Marshall Islands, 2005–2024020M40M60M200520072009201120132015201720192021202320242005: 9,824,515 US$2006: 9,751,494 US$2007: 9,401,984 US$2008: 9,527,806 US$2009: 10,147,450 US$2010: 9,389,467 US$2011: 10,751,674 US$2012: 9,914,157 US$2013: 11,033,076 US$2014: 12,894,269 US$2015: 8,530,133 US$2016: 8,435,123 US$2017: 27,438,155 US$2018: 42,907,692 US$2019: 7,271,784 US$2020: 8,223,233 US$2021: 9,444,204 US$2022: 13,750,367 US$2023: 19,683,143 US$2024: 21,141,842 US$
Change over the period: +11.32M (+115.19%) Average annual rate: 4.12 %

Comparison, 2024

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

Marshall Islands 21.14M US$
World 8.85T US$
Upper-middle-income countries computed 980B US$
Service exports — Marshall Islands, by year Marshall Islands All countries CSV XLSX
Year US$ Change Change, %
2024 21.14M +1.46M +7.41%
2023 19.68M +5.93M +43.15%
2022 13.75M +4.31M +45.6%
2021 9.44M +1.22M +14.85%
2020 8.22M +951,449 +13.08%
2019 7.27M −35.64M −83.05%
2018 42.91M +15.47M +56.38%
2017 27.44M +19M +225.28%
2016 8.44M −95,010 −1.11%
2015 8.53M −4.36M −33.85%
2014 12.89M +1.86M +16.87%
2013 11.03M +1.12M +11.29%
2012 9.91M −837,517 −7.79%
2011 10.75M +1.36M +14.51%
2010 9.39M −757,983 −7.47%
2009 10.15M +619,644 +6.5%
2008 9.53M +125,822 +1.34%
2007 9.4M −349,509 −3.58%
2006 9.75M −73,021 −0.74%
2005 9.82M

Micronesia, 2024

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

NR Nauru 64.55M MH Marshall Islands 21.14M KI Kiribati 7M

About the indicator

Exports of services: travel and tourism, transport, communications, insurance, financial and business services, royalties, computer and information services. For dozens of countries this flow is larger than merchandise exports, and not only for the obvious tourist destinations: India, Ireland and the Philippines ended up near the top of the list on software and business services. Services, unlike goods, do not pass through customs, so they are estimated from banking and survey statistics and are measured less precisely.

Important: It serves as the denominator for the share of ICT services in service exports. It excludes investment income and compensation of employees — those are counted separately, in the primary income account.

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