Australia vs the Marshall Islands: Economic Indicators Comparison

Australia with a GDP of $1.4T ranked the 13th largest economy in the world, while the Marshall Islands ranked 193rd with $221.3M. By GDP per capita, Australia and the Marshall Islands ranked 13th vs 123rd, respectively.

Gross Domestic Product & Income

Stat	Australia	Marshall Islands
GDP	$1.4T	$221.3M
GDP growth, 1 year	2.8%	3.62%
GDP growth, 5-years average	2.6%	N/A
Population	24.5M	53k
GDP per capita	$57k	$3.8k
GDP per capita growth	1.33%	2.99%
Purchasing Power Parity conversion factor	1.43	0.95
Price level ratio of PPP conversion factor GDP to market exchange rate	1.11	0.95
GDP per capita, PPP adjusted	$52k	$4k
GNI, Atlas method	$1.3T	$283.7M
GNI per capita	$53k	$4.9k
GNI, PPP adjusted	$1.3T	$297.6M
GNI per capita, PPP adjusted	$50k	$5.1k

Financial system and Human development

Stat	Australia	Marshall Islands
Income Tax Rate	45%	N/A
Corporate Tax Rate	30%	N/A
Inflation, consumer prices	2%	N/A
Inflation, GDP deflator	1.9%	0.3%
Unemployment	5.4%	4.7%
Economic Freedom Index	82.6	58
Personal Freedom Index	9.29	6.2
Human Freedom Index	8.73	6.2
Property Rights Index	82.8	N/A
Judical Effectiveness Index	86.1	N/A
Business Freedom Index	87.8	N/A
Fiscal Health Index	91.8	N/A
Labor Freedom Index	84	N/A
Investment Freedom Index	80	N/A
Financial Freedom Index	90	N/A
Trade Freedom Index	88.2	N/A
Monetary Freedom Index	86.2	N/A
Government Spending Index	61.6	N/A
Tax Burden Index	63	N/A
Government Integrity Index	89.3	N/A
Corruption Perceptions Index	77	64
Life expectancy at birth, years	82.5	65.2
Suicide mortality rate, per 100,000 people	13.2	1
Mortality caused by road traffic injury, per 100,000 people	5.6	5.7
Intentional homicides, per 100,000 people	0.8	4
International tourism, number of arrivals	9.2M	6.8k

Government debt & reserves

Stat	Australia	Marshall Islands
Central government debt, % of GDP	40.7%	48.9%
External debt stocks, % of GNI	N/A	N/A
External debt stocks	N/A	N/A
Short-term debt, % of total reserves	N/A	N/A
Total debt service, % of exports and primary income	N/A	N/A
Adjusted net savings including particulate emission damage, % of GNI	5.6%	N/A
Gross savings, % of GDP	21.7%	17.2%
Gross capital formation, % of GDP	24.5%	23.4%
Total reserves including gold	$53.9B	N/A
Foreign direct investment net inflows	$60.3B	$9.8M

Exports, imports and economic structure

Stat	Australia	Marshall Islands
Exports of goods and services, % of GDP	21.8%	40.4%
Imports of goods and services, % of GDP	21.4%	85.3%
Current account balance (balance of payments)	-$29.7B	$53M
Revenue excluding grants, % of GDP	25.7%	32.2%
Grants excluding technical cooperation, BoP	N/A	$50.6M
Personal remittances received	$1.9B	$31.5M
Industry including construction value added, % of GDP	24.1%	12.8%
Agriculture, forestry and fishing value added, % of GDP	2.5%	15.2%
Charges for the use of intellectual property, payments BoP	$3.6B	N/A
Charges for the use of intellectual property, receipts BoP	$973.4M	N/A
Expense, % of GDP	26.1%	57.9%
Government Expenditure, % of GDP	35.8%	N/A