Marshall Islands's travel services (% of service exports, BoP) was 46.82% in 2024, the latest year in the World Bank's World Development Indicators. That is up 6.3 percentage points from 40.52% in 2014.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 46.82% | 2024 |
| Ten years earlier | 40.52% | 2014 |
| Highest | 46.82% | 2024 |
| Lowest | 14.88% | 2015 |
| Average since 2015 | 30.64% | 2015–2024 |
| First recorded | 32.56% | 2005 |
Since 2005 it is up 14.26 percentage points from 32.56% in 2005. The World Bank has no value for 4 of the years in between; the chart leaves those gaps open rather than joining across them.
What the numbers say
In 2024, Marshall Islands' travel services (% of service exports, BoP) rose 2.41 percentage points on 2023 (from 44.41% to 46.82%).
Across the 12 yearly changes before that (2006 to 2023), the average change was −0.92 percentage points and a typical year strayed about 9.08 percentage points from that (the standard deviation). This year's change was 0.4 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 10.9 percentage points in 2023 and the biggest yearly fall was 25.64 percentage points in 2015. The numbers show how large and when, not why; for the cause, look at what happened in that country in those 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 10th highest value of the 29 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.
| Value | Year | |
|---|---|---|
| Marshall Islands | 46.82% | 2024 |
| World | 19.75% | 2025 |
| East Asia & Pacific | 23.42% | 2025 |
| Upper middle income | 32.98% | 2025 |
Closest to Marshall Islands in the 2024 ranking
- Sierra Leone — 6th of 29: 53.14%
- Fiji — 7th of 29: 53.08%
- Mauritius — 8th of 29: 48.07%
- Guinea-Bissau — 10th of 29: 44.49%
- Zimbabwe — 11th of 29: 44.35%
- Nicaragua — 12th of 29: 39.36%
What this measures
Travel services cover goods and services for own use or to give away acquired from an economy by nonresidents during visits to that economy, or acquired from other economies by residents during visits to these other economies. This indicator is expressed as a percentage of service exports which are services provided by residents to non-residents.
Regional and income-group figures are computed by the World Bank as a weighted average.
All 16 values
| Year | Travel services (% of service exports, BoP) |
|---|---|
| 2024 | 46.82 |
| 2023 | 44.41 |
| 2022 | 33.51 |
| 2021 | no data |
| 2020 | no data |
| 2019 | no data |
| 2018 | 19.98 |
| 2017 | 24.23 |
| 2016 | no data |
| 2015 | 14.88 |
| 2014 |
Travel services (% of service exports, BoP) in nearby economies
- Australia — 60.27% (2025)
- Brunei Darussalam — 34.85% (2025)
- Cambodia — 72.58% (2025)
- China — 14.34% (2025)
- Fiji — 53.08% (2024)
- French Polynesia — 47.68% (2016)
- Hong Kong SAR, China — 21.54% (2025)
- Indonesia — 42.92% (2025)
- Japan — 26.03% (2025)
- Kiribati — 27.03% (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
Questions people ask
- What is Marshall Islands's travel services (% of service exports, BoP)?
- 46.82% in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 2005?
- It is up 14.26 percentage points from 32.56% in 2005. The highest value was 46.82% in 2024 and the lowest 14.88% in 2015.
- How does Marshall Islands rank?
- 10th highest of 29 economies with data for 2024.
- Is the latest change in travel services (% of service exports, BoP) unusual for Marshall Islands?
- In 2024, Marshall Islands' travel services (% of service exports, BoP) rose 2.41 percentage points on 2023 (from 44.41% to 46.82%). Across the 12 yearly changes before that (2006 to 2023), the average change was −0.92 percentage points and a typical year strayed about 9.08 percentage points from that (the standard deviation). This year's change was 0.4 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 BX.GSR.TRVL.ZS, licensed CC BY 4.0. Original source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF) 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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