Belize vs the Marshall Islands: Economic Indicators Comparison

Belize with a GDP of $1.9B ranked the 176th largest economy in the world, while the Marshall Islands ranked 193rd with $221.3M. By GDP per capita, Belize and the Marshall Islands ranked 109th vs 123rd, respectively.

Gross Domestic Product & Income

Stat	Belize	Marshall Islands
GDP	$1.9B	$221.3M
GDP growth, 1 year	3%	3.62%
GDP growth, 5-years average	2.2%	N/A
Population	375k	53k
GDP per capita	$4.9k	$3.8k
GDP per capita growth	1.07%	2.99%
Purchasing Power Parity conversion factor	1.13	0.95
Price level ratio of PPP conversion factor GDP to market exchange rate	0.56	0.95
GDP per capita, PPP adjusted	$8.5k	$4k
GNI, Atlas method	$1.7B	$283.7M
GNI per capita	$4.5k	$4.9k
GNI, PPP adjusted	$3B	$297.6M
GNI per capita, PPP adjusted	$7.8k	$5.1k

Financial system and Human development

Stat	Belize	Marshall Islands
Income Tax Rate	25%	N/A
Corporate Tax Rate	25%	N/A
Inflation, consumer prices	0.3%	N/A
Inflation, GDP deflator	-1.1%	0.3%
Unemployment	9.4%	4.7%
Economic Freedom Index	57.4	58
Personal Freedom Index	7.4	6.2
Human Freedom Index	7.37	6.2
Property Rights Index	44.4	N/A
Judical Effectiveness Index	46.4	N/A
Business Freedom Index	60.9	N/A
Fiscal Health Index	53.9	N/A
Labor Freedom Index	54.3	N/A
Investment Freedom Index	55	N/A
Financial Freedom Index	50	N/A
Trade Freedom Index	64.2	N/A
Monetary Freedom Index	80.4	N/A
Government Spending Index	66.3	N/A
Tax Burden Index	79.5	N/A
Government Integrity Index	33.5	N/A
Corruption Perceptions Index	58	64
Life expectancy at birth, years	74.4	65.2
Suicide mortality rate, per 100,000 people	4.7	1
Mortality caused by road traffic injury, per 100,000 people	28.3	5.7
Intentional homicides, per 100,000 people	37.9	4
International tourism, number of arrivals	489k	6.8k

Government debt & reserves

Stat	Belize	Marshall Islands
Central government debt, % of GDP	94.8%	48.9%
External debt stocks, % of GNI	76.8%	N/A
External debt stocks	$1.4B	N/A
Short-term debt, % of total reserves	1.2%	N/A
Total debt service, % of exports and primary income	10.1%	N/A
Adjusted net savings including particulate emission damage, % of GNI	-0.9%	N/A
Gross savings, % of GDP	8.5%	17.2%
Gross capital formation, % of GDP	19%	23.4%
Total reserves including gold	$294.5M	N/A
Foreign direct investment net inflows	$119.5M	$9.8M

Exports, imports and economic structure

Stat	Belize	Marshall Islands
Exports of goods and services, % of GDP	57.7%	40.4%
Imports of goods and services, % of GDP	58%	85.3%
Current account balance (balance of payments)	-$154.9M	$53M
Revenue excluding grants, % of GDP	29.4%	32.2%
Grants excluding technical cooperation, BoP	$17.1M	$50.6M
Personal remittances received	$92.5M	$31.5M
Industry including construction value added, % of GDP	12%	12.8%
Agriculture, forestry and fishing value added, % of GDP	9.6%	15.2%
Charges for the use of intellectual property, payments BoP	$7.9M	N/A
Charges for the use of intellectual property, receipts BoP	$2.5M	N/A
Expense, % of GDP	27.6%	57.9%
Government Expenditure, % of GDP	33.5%	N/A