Armenia vs the Marshall Islands: Economic Indicators Comparison

Armenia with a GDP of $12.4B ranked the 136th largest economy in the world, while the Marshall Islands ranked 193rd with $221.3M. By GDP per capita, Armenia and the Marshall Islands ranked 115th vs 123rd, respectively.

Gross Domestic Product & Income

Stat	Armenia	Marshall Islands
GDP	$12.4B	$221.3M
GDP growth, 1 year	5%	3.62%
GDP growth, 5-years average	3.9%	N/A
Population	2.9M	53k
GDP per capita	$4.2k	$3.8k
GDP per capita growth	4.95%	2.99%
Purchasing Power Parity conversion factor	196.69	0.95
Price level ratio of PPP conversion factor GDP to market exchange rate	0.41	0.95
GDP per capita, PPP adjusted	$10k	$4k
GNI, Atlas method	$12.5B	$283.7M
GNI per capita	$4.2k	$4.9k
GNI, PPP adjusted	$30.9B	$297.6M
GNI per capita, PPP adjusted	$10k	$5.1k

Financial system and Human development

Stat	Armenia	Marshall Islands
Income Tax Rate	26%	N/A
Corporate Tax Rate	20%	N/A
Inflation, consumer prices	2.5%	N/A
Inflation, GDP deflator	2.6%	0.3%
Unemployment	17.7%	4.7%
Economic Freedom Index	70.6	58
Personal Freedom Index	7.21	6.2
Human Freedom Index	7.42	6.2
Property Rights Index	60.7	N/A
Judical Effectiveness Index	54.1	N/A
Business Freedom Index	81	N/A
Fiscal Health Index	68.8	N/A
Labor Freedom Index	72.5	N/A
Investment Freedom Index	75	N/A
Financial Freedom Index	70	N/A
Trade Freedom Index	80.6	N/A
Monetary Freedom Index	76	N/A
Government Spending Index	80.6	N/A
Tax Burden Index	84.9	N/A
Government Integrity Index	43.4	N/A
Corruption Perceptions Index	35	64
Life expectancy at birth, years	74.8	65.2
Suicide mortality rate, per 100,000 people	6.6	1
Mortality caused by road traffic injury, per 100,000 people	17.1	5.7
Intentional homicides, per 100,000 people	2.4	4
International tourism, number of arrivals	1.7M	6.8k

Government debt & reserves

Stat	Armenia	Marshall Islands
Central government debt, % of GDP	48.5%	48.9%
External debt stocks, % of GNI	87.5%	N/A
External debt stocks	$11B	N/A
Short-term debt, % of total reserves	50.2%	N/A
Total debt service, % of exports and primary income	29.9%	N/A
Adjusted net savings including particulate emission damage, % of GNI	1.5%	N/A
Gross savings, % of GDP	13.6%	17.2%
Gross capital formation, % of GDP	22.4%	23.4%
Total reserves including gold	$2.3B	N/A
Foreign direct investment net inflows	$254.1M	$9.8M

Exports, imports and economic structure

Stat	Armenia	Marshall Islands
Exports of goods and services, % of GDP	37.8%	40.4%
Imports of goods and services, % of GDP	53.5%	85.3%
Current account balance (balance of payments)	-$1.2B	$53M
Revenue excluding grants, % of GDP	22.5%	32.2%
Grants excluding technical cooperation, BoP	$111.9M	$50.6M
Personal remittances received	$1.5B	$31.5M
Industry including construction value added, % of GDP	25%	12.8%
Agriculture, forestry and fishing value added, % of GDP	13.7%	15.2%
Charges for the use of intellectual property, payments BoP	N/A	N/A
Charges for the use of intellectual property, receipts BoP	N/A	N/A
Expense, % of GDP	22.1%	57.9%
Government Expenditure, % of GDP	25.4%	N/A