Marshall Islands's services, value added (current LCU) was 194.35 million in 2024, the latest year in the World Bank's World Development Indicators. That is up 47.33% from 131.91 million in 2014 (3.95% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 194.35 million | 2024 |
| Five years earlier | 162.55 million | 2019 |
| Ten years earlier | 131.91 million | 2014 |
| Highest | 194.35 million | 2024 |
| Lowest | 78.58 million | 1997 |
| Average since 2015 | 165.12 million | 2015–2024 |
| First recorded | 78.58 million |
What the numbers say
In 2024, Marshall Islands' services, value added (current LCU) rose 5.7% on 2023 (from 183.89 million to 194.35 million).
Across the 26 yearly changes before that (1998 to 2023), the average change was +3.4% and a typical year strayed about 2.5% from that (the standard deviation). This year's change was 0.9 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 8% in 2000 and the biggest yearly fall was 2.2% in 2008. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2015 to 2024 the straight-line trend is upward, about 5.61 million a year. A straight line explains 98% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
A straight-line projection, tested first
Extending that straight line gives about 208.19 million for 2027. We show this only because the same method, fitted on earlier years, predicted 2022 to 2024 better than "no change" would have: its average miss was 2.5 million, against 17.61 million for assuming no change. Treat it as a continuation of the recent pattern, not a forecast of events: it cannot see a recession, a policy change or a revision to the data.
See how a linear trend forecast works and the guide on forecasting without fooling yourself.
How it compares
In 2024, Marshall Islands had the 31st highest value of the 31 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
Closest to Marshall Islands in the 2024 ranking
What this measures
Services industries correspond to ISIC (Rev. 4) divisions 45-99 and includes wholesale and retail trade, repair of motor vehicles, hotels and restaurants, transport, storage and communication, financial intermediation, real estate, renting and business activities, public administration and defence, compulsory social security, education, health and social work, other community, social and personal service activities, private households with employed persons, and extra-territorial organizations and bodies. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.
All 28 values
| Year | Services, value added (current LCU) |
|---|---|
| 2024 | 194,346,000 |
| 2023 | 183,890,500 |
| 2022 | 178,682,200 |
| 2021 | 168,029,800 |
| 2020 | 166,583,700 |
| 2019 | 162,546,300 |
| 2018 | 159,503,200 |
| 2017 | 153,796,200 |
| 2016 | 144,660,900 |
| 2015 | 139,136,900 |
| 2014 |
Services, value added (current LCU) in nearby economies
- Australia — 1.88 trillion (2025)
- Brunei Darussalam — 7.91 billion (2025)
- Cambodia — 71.97 trillion (2025)
- China — 80.89 trillion (2025)
- Fiji — 8.12 billion (2025)
- French Polynesia — 443.08 billion (2020)
- Hong Kong SAR, China — 2.91 trillion (2024)
- Indonesia — 10,467.4 trillion (2025)
- Japan — 453.03 trillion (2024)
- Kiribati — 365.47 million (2024)
- Korea, Rep.
More economic policy & debt data for Marshall Islands
- GDP (current US$) — US$308 million (2025)
- GDP (current LCU) — 308 million (2025)
- GDP (constant 2015 US$) — US$224 million (2025)
- GDP (constant LCU) — 224 million (2025)
- GDP per capita (current US$) — US$8,489 (2025)
- GDP per capita (current LCU) — 8,489 (2025)
- GDP per capita (constant 2015 US$) — US$6,174 (2025)
- GDP per capita (constant LCU) — 6,174 (2025)
- GNI (current US$) — US$364 million (2025)
- GNI (current LCU) — 364 million (2025)
- GNI per capita (current LCU)
Reading data like this
Questions people ask
- What is Marshall Islands's services, value added (current LCU)?
- 194.35 million in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1997?
- It is up 147.33% from 78.58 million in 1997 (3.41% a year on average, compounded). The highest value was 194.35 million in 2024 and the lowest 78.58 million in 1997.
Source
World Bank, World Development Indicators, indicator NV.SRV.TOTL.CN, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Offices (NSOs); National Accounts data files, Central Banks; Staff estimates, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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