Services, value added in Pacific island small states

Pacific island small states: Services, value added was 7.00 billion current US$ in 2024. ▲ Rising

Latest (2024)
7.00 billion current US$
Change on year
up 6.9%
All-time high
7.00 billion current US$
in 2024
All-time low
1.83 billion current US$
in 2000
Years of data
26
1999–2024

Services, value added in Pacific island small states, 1999–2024

2.0B4.0B6.0B8.0B1999201120241999: 1.9B current US$2000: 1.8B current US$2001: 1.8B current US$2002: 2.0B current US$2003: 2.3B current US$2004: 2.7B current US$2005: 3.2B current US$2006: 3.3B current US$2007: 3.7B current US$2008: 3.9B current US$2009: 3.6B current US$2010: 3.9B current US$2011: 4.6B current US$2012: 4.8B current US$2013: 5.1B current US$2014: 5.4B current US$2015: 5.3B current US$2016: 5.5B current US$2017: 5.9B current US$2018: 6.2B current US$2019: 6.2B current US$2020: 5.4B current US$2021: 5.4B current US$2022: 6.0B current US$2023: 6.5B current US$2024: 7.0B current US$

Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.

Analysis

Pacific island small states recorded 7.00 billion current US$ for services, value added in 2024. That is the highest value across all 26 years on record.

The figure is up 6.9% on the previous year and up 29.8% over ten years.

Over the whole period, services, value added in Pacific island small states peaked at 7.00 billion current US$ in 2024 and was at its lowest, 1.83 billion current US$, in 2000.

The long-run direction has been consistently rising across the 26 years of available data.

Averages by decade

DecadeAverage LowestHighest Years
1990s 1.92 billion current US$ 1.92 billion current US$ 1.92 billion current US$ 1
2000s 2.84 billion current US$ 1.83 billion current US$ 3.94 billion current US$ 10
2010s 5.29 billion current US$ 3.93 billion current US$ 6.18 billion current US$ 10
2020s 6.05 billion current US$ 5.36 billion current US$ 7.00 billion current US$ 5

More economy & growth data for Pacific island small states

All data for Pacific island small states →

Frequently asked questions

What is services, value added in Pacific island small states?
Services, value added in Pacific island small states was 7.00 billion current US$ in 2024, according to Country official statistics, National Statistical Offices (NSOs).
What is the highest services, value added recorded in Pacific island small states?
The highest recorded value was 7.00 billion current US$ in 2024.
What is the lowest services, value added recorded in Pacific island small states?
The lowest recorded value was 1.83 billion current US$ in 2000.
Is services, value added rising or falling in Pacific island small states?
Over the last ten years it is up 29.8%. The long-run trend across the full record is rising.
Where does this Pacific island small states data come from?
The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Services, value added (current US$). Statizoid updates them automatically from the source API.

Download this data

CSV · JSON — 26 observations, free to reuse under CC BY 4.0 (World Bank Open Data).

About this data

Indicator
Services, value added (current US$)
Unit
current US$
Source
Country official statistics, National Statistical Offices (NSOs)
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
252 places, 10,748 data points, 1960–2025
Last refreshed

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 indicator is expressed in United States dollars.