Barbados vs the Marshall Islands: Economic Indicators Comparison

Barbados with a GDP of $5.1B ranked the 157th largest economy in the world, while the Marshall Islands ranked 193rd with $221.3M. By GDP per capita, Barbados and the Marshall Islands ranked 50th vs 123rd, respectively.

Gross Domestic Product & Income

Stat	Barbados	Marshall Islands
GDP	$5.1B	$221.3M
GDP growth, 1 year	-0.5%	3.62%
GDP growth, 5-years average	0.7%	N/A
Population	286k	53k
GDP per capita	$18k	$3.8k
GDP per capita growth	-0.64%	2.99%
Purchasing Power Parity conversion factor	1.93	0.95
Price level ratio of PPP conversion factor GDP to market exchange rate	0.97	0.95
GDP per capita, PPP adjusted	$19k	$4k
GNI, Atlas method	$4.4B	$283.7M
GNI per capita	$15k	$4.9k
GNI, PPP adjusted	$4.7B	$297.6M
GNI per capita, PPP adjusted	$16k	$5.1k

Financial system and Human development

Stat	Barbados	Marshall Islands
Income Tax Rate	40%	N/A
Corporate Tax Rate	5.5%	N/A
Inflation, consumer prices	3.6%	N/A
Inflation, GDP deflator	3.6%	0.3%
Unemployment	9.6%	4.7%
Economic Freedom Index	61.4	58
Personal Freedom Index	8.22	6.2
Human Freedom Index	7.21	6.2
Property Rights Index	56.6	N/A
Judical Effectiveness Index	36.1	N/A
Business Freedom Index	69.4	N/A
Fiscal Health Index	63.1	N/A
Labor Freedom Index	60	N/A
Investment Freedom Index	70	N/A
Financial Freedom Index	60	N/A
Trade Freedom Index	56.6	N/A
Monetary Freedom Index	77.9	N/A
Government Spending Index	69.2	N/A
Tax Burden Index	73.6	N/A
Government Integrity Index	44	N/A
Corruption Perceptions Index	68	64
Life expectancy at birth, years	79	65.2
Suicide mortality rate, per 100,000 people	0.8	1
Mortality caused by road traffic injury, per 100,000 people	5.6	5.7
Intentional homicides, per 100,000 people	10.5	4
International tourism, number of arrivals	680k	6.8k

Government debt & reserves

Stat	Barbados	Marshall Islands
Central government debt, % of GDP	124.5%	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	-6.8%	N/A
Gross savings, % of GDP	-0.5%	17.2%
Gross capital formation, % of GDP	11.3%	23.4%
Total reserves including gold	$431.8M	N/A
Foreign direct investment net inflows	$195.1M	$9.8M

Exports, imports and economic structure

Stat	Barbados	Marshall Islands
Exports of goods and services, % of GDP	42%	40.4%
Imports of goods and services, % of GDP	40.9%	85.3%
Current account balance (balance of payments)	-$248.2M	$53M
Revenue excluding grants, % of GDP	26.7%	32.2%
Grants excluding technical cooperation, BoP	$13.8M	$50.6M
Personal remittances received	$108.3M	$31.5M
Industry including construction value added, % of GDP	14%	12.8%
Agriculture, forestry and fishing value added, % of GDP	1.3%	15.2%
Charges for the use of intellectual property, payments BoP	$12.1M	N/A
Charges for the use of intellectual property, receipts BoP	$33.4M	N/A
Expense, % of GDP	35.2%	57.9%
Government Expenditure, % of GDP	32%	N/A