Azerbaijan vs the Marshall Islands: Economic Indicators Comparison

Azerbaijan with a GDP of $46.9B ranked the 88th largest economy in the world, while the Marshall Islands ranked 193rd with $221.3M. By GDP per capita, Azerbaijan and the Marshall Islands ranked 110th vs 123rd, respectively.

Gross Domestic Product & Income

Stat	Azerbaijan	Marshall Islands
GDP	$46.9B	$221.3M
GDP growth, 1 year	1.4%	3.62%
GDP growth, 5-years average	0.4%	N/A
Population	10M	53k
GDP per capita	$4.7k	$3.8k
GDP per capita growth	0.51%	2.99%
Purchasing Power Parity conversion factor	0.44	0.95
Price level ratio of PPP conversion factor GDP to market exchange rate	0.26	0.95
GDP per capita, PPP adjusted	$18k	$4k
GNI, Atlas method	$40.3B	$283.7M
GNI per capita	$4.1k	$4.9k
GNI, PPP adjusted	$170B	$297.6M
GNI per capita, PPP adjusted	$17k	$5.1k

Financial system and Human development

Stat	Azerbaijan	Marshall Islands
Income Tax Rate	25%	N/A
Corporate Tax Rate	20%	N/A
Inflation, consumer prices	2.3%	N/A
Inflation, GDP deflator	11.9%	0.3%
Unemployment	5.2%	4.7%
Economic Freedom Index	69.3	58
Personal Freedom Index	6.73	6.2
Human Freedom Index	6.44	6.2
Property Rights Index	67.1	N/A
Judical Effectiveness Index	53.9	N/A
Business Freedom Index	80.8	N/A
Fiscal Health Index	99.2	N/A
Labor Freedom Index	66.2	N/A
Investment Freedom Index	70	N/A
Financial Freedom Index	60	N/A
Trade Freedom Index	74.6	N/A
Monetary Freedom Index	69.8	N/A
Government Spending Index	63	N/A
Tax Burden Index	88	N/A
Government Integrity Index	38.7	N/A
Corruption Perceptions Index	25	64
Life expectancy at birth, years	72.7	65.2
Suicide mortality rate, per 100,000 people	2.6	1
Mortality caused by road traffic injury, per 100,000 people	8.7	5.7
Intentional homicides, per 100,000 people	2	4
International tourism, number of arrivals	2.6M	6.8k

Government debt & reserves

Stat	Azerbaijan	Marshall Islands
Central government debt, % of GDP	19.4%	48.9%
External debt stocks, % of GNI	36.4%	N/A
External debt stocks	$16.2B	N/A
Short-term debt, % of total reserves	8.5%	N/A
Total debt service, % of exports and primary income	10.5%	N/A
Adjusted net savings including particulate emission damage, % of GNI	9.5%	N/A
Gross savings, % of GDP	33%	17.2%
Gross capital formation, % of GDP	20.1%	23.4%
Total reserves including gold	$6.7B	N/A
Foreign direct investment net inflows	$1.4B	$9.8M

Exports, imports and economic structure

Stat	Azerbaijan	Marshall Islands
Exports of goods and services, % of GDP	54.3%	40.4%
Imports of goods and services, % of GDP	37.7%	85.3%
Current account balance (balance of payments)	$6.1B	$53M
Revenue excluding grants, % of GDP	35.1%	32.2%
Grants excluding technical cooperation, BoP	$45.7M	$50.6M
Personal remittances received	$1.2B	$31.5M
Industry including construction value added, % of GDP	52.2%	12.8%
Agriculture, forestry and fishing value added, % of GDP	5.3%	15.2%
Charges for the use of intellectual property, payments BoP	$28.2M	N/A
Charges for the use of intellectual property, receipts BoP	$28k	N/A
Expense, % of GDP	28%	57.9%
Government Expenditure, % of GDP	35.1%	N/A