Marshall Islands: Trade in services (% of GDP)

Key figures

What the numbers say

In 2024, Marshall Islands' trade in services (% of GDP) fell 0.26 percentage points on 2023 (from 30.21% to 29.95%).

Across the 18 yearly changes before that (2006 to 2023), the average change was −0.72 percentage points and a typical year strayed about 5.58 percentage points from that (the standard deviation). This year's change was 0.1 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 8.76 percentage points in 2009 and the biggest yearly fall was 16.11 percentage points in 2019. 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 downward, about 1.19 percentage points a year. A straight line explains 44% 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.

How it compares

In 2024, Marshall Islands had the 9th highest value of the 30 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

• Mauritius — 6th of 30: 43.34%
• Kyrgyz Republic — 7th of 30: 37.14%
• Bermuda — 8th of 30: 34.51%
• Namibia — 10th of 30: 27.56%
• Jordan — 11th of 30: 27.21%
• Solomon Islands — 12th of 30: 24.06%

What this measures

Total trade in services includes services provided by residents to non-residents plus services provided by non-residents to residents. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.

Regional and income-group figures are computed by the World Bank as a weighted average.

All 20 values

Trade in services (% of GDP) in nearby economies

• Australia — 11.55% (2025)
• Brunei Darussalam — 13.32% (2025)
• Cambodia — 16.72% (2025)
• China — 5.17% (2025)
• Fiji — 52.17% (2024)
• French Polynesia — 25.61% (2016)
• Hong Kong SAR, China — 48.83% (2025)
• Indonesia — 7.29% (2025)
• Japan — 11.62% (2025)
• Kiribati — 31.62% (2025)
• Korea, Rep. — 17.88% (2025)

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

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Questions people ask

What is Marshall Islands's trade in services (% of GDP)?

29.95% in 2024, according to the World Bank (World Development Indicators).

How has it changed since 2005?

It is down 13.18 percentage points from 43.13% in 2005. The highest value was 48.79% in 2009 and the lowest 27.95% in 2022.

How does Marshall Islands rank?

9th highest of 30 economies with data for 2024.

Is the latest change in trade in services (% of GDP) unusual for Marshall Islands?

In 2024, Marshall Islands' trade in services (% of GDP) fell 0.26 percentage points on 2023 (from 30.21% to 29.95%). Across the 18 yearly changes before that (2006 to 2023), the average change was −0.72 percentage points and a typical year strayed about 5.58 percentage points from that (the standard deviation). This year's change was 0.1 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

Source

World Bank, World Development Indicators, indicator BG.GSR.NFSV.GD.ZS, licensed CC BY 4.0. Original source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF); World Development Indicators Database, World Bank (WB); National Accounts data files, Organisation for Economic Co-operation and Development (OECD) 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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