Belgium vs the Marshall Islands: Economic Indicators Comparison

Belgium with a GDP of $542.8B ranked the 24th largest economy in the world, while the Marshall Islands ranked 193rd with $221.3M. By GDP per capita, Belgium and the Marshall Islands ranked 20th vs 123rd, respectively.

Gross Domestic Product & Income

Stat	Belgium	Marshall Islands
GDP	$542.8B	$221.3M
GDP growth, 1 year	1.4%	3.62%
GDP growth, 5-years average	1.5%	N/A
Population	11.4M	53k
GDP per capita	$48k	$3.8k
GDP per capita growth	1.04%	2.99%
Purchasing Power Parity conversion factor	0.78	0.95
Price level ratio of PPP conversion factor GDP to market exchange rate	0.92	0.95
GDP per capita, PPP adjusted	$48k	$4k
GNI, Atlas method	$524.4B	$283.7M
GNI per capita	$46k	$4.9k
GNI, PPP adjusted	$591B	$297.6M
GNI per capita, PPP adjusted	$52k	$5.1k

Financial system and Human development

Stat	Belgium	Marshall Islands
Income Tax Rate	50%	N/A
Corporate Tax Rate	29%	N/A
Inflation, consumer prices	2.3%	N/A
Inflation, GDP deflator	1.5%	0.3%
Unemployment	6.3%	4.7%
Economic Freedom Index	68.9	58
Personal Freedom Index	9.06	6.2
Human Freedom Index	8.28	6.2
Property Rights Index	84.5	N/A
Judical Effectiveness Index	62.5	N/A
Business Freedom Index	75.2	N/A
Fiscal Health Index	77	N/A
Labor Freedom Index	61.1	N/A
Investment Freedom Index	85	N/A
Financial Freedom Index	70	N/A
Trade Freedom Index	86.4	N/A
Monetary Freedom Index	80.5	N/A
Government Spending Index	17.2	N/A
Tax Burden Index	46.7	N/A
Government Integrity Index	80.2	N/A
Corruption Perceptions Index	75	64
Life expectancy at birth, years	81.4	65.2
Suicide mortality rate, per 100,000 people	20.7	1
Mortality caused by road traffic injury, per 100,000 people	5.8	5.7
Intentional homicides, per 100,000 people	1.7	4
International tourism, number of arrivals	9.1M	6.8k

Government debt & reserves

Stat	Belgium	Marshall Islands
Central government debt, % of GDP	101.4%	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	12%	N/A
Gross savings, % of GDP	24.5%	17.2%
Gross capital formation, % of GDP	25.5%	23.4%
Total reserves including gold	$26.9B	N/A
Foreign direct investment net inflows	-$62.8B	$9.8M

Exports, imports and economic structure

Stat	Belgium	Marshall Islands
Exports of goods and services, % of GDP	82.6%	40.4%
Imports of goods and services, % of GDP	82.7%	85.3%
Current account balance (balance of payments)	-$5.3B	$53M
Revenue excluding grants, % of GDP	38.4%	32.2%
Grants excluding technical cooperation, BoP	N/A	$50.6M
Personal remittances received	$12.3B	$31.5M
Industry including construction value added, % of GDP	19.1%	12.8%
Agriculture, forestry and fishing value added, % of GDP	0.5%	15.2%
Charges for the use of intellectual property, payments BoP	$3.7B	N/A
Charges for the use of intellectual property, receipts BoP	$4.4B	N/A
Expense, % of GDP	39.6%	57.9%
Government Expenditure, % of GDP	52.5%	N/A