Cape Verde vs the Marshall Islands: Economic Indicators Comparison

Cape Verde with a GDP of $2B ranked the 174th largest economy in the world, while the Marshall Islands ranked 193rd with $221.3M. By GDP per capita, Cape Verde and the Marshall Islands ranked 125th vs 123rd, respectively.

Gross Domestic Product & Income

Stat	Cape Verde	Marshall Islands
GDP	$2B	$221.3M
GDP growth, 1 year	4.7%	3.62%
GDP growth, 5-years average	3%	N/A
Population	546k	53k
GDP per capita	$3.6k	$3.8k
GDP per capita growth	3.87%	2.99%
Purchasing Power Parity conversion factor	45.56	0.95
Price level ratio of PPP conversion factor GDP to market exchange rate	0.49	0.95
GDP per capita, PPP adjusted	$7.3k	$4k
GNI, Atlas method	$1.9B	$283.7M
GNI per capita	$3.4k	$4.9k
GNI, PPP adjusted	$4B	$297.6M
GNI per capita, PPP adjusted	$7.3k	$5.1k

Financial system and Human development

Stat	Cape Verde	Marshall Islands
Income Tax Rate	50%	N/A
Corporate Tax Rate	30%	N/A
Inflation, consumer prices	2.2%	N/A
Inflation, GDP deflator	1.5%	0.3%
Unemployment	12.3%	4.7%
Economic Freedom Index	63.6	58
Personal Freedom Index	8.33	6.2
Human Freedom Index	7.4	6.2
Property Rights Index	47.5	N/A
Judical Effectiveness Index	48	N/A
Business Freedom Index	58.5	N/A
Fiscal Health Index	66.2	N/A
Labor Freedom Index	55.6	N/A
Investment Freedom Index	80	N/A
Financial Freedom Index	60	N/A
Trade Freedom Index	68.2	N/A
Monetary Freedom Index	83.1	N/A
Government Spending Index	71.7	N/A
Tax Burden Index	77.7	N/A
Government Integrity Index	46.1	N/A
Corruption Perceptions Index	57	64
Life expectancy at birth, years	72.6	65.2
Suicide mortality rate, per 100,000 people	11.3	1
Mortality caused by road traffic injury, per 100,000 people	25	5.7
Intentional homicides, per 100,000 people	11.5	4
International tourism, number of arrivals	710k	6.8k

Government debt & reserves

Stat	Cape Verde	Marshall Islands
Central government debt, % of GDP	127.7%	48.9%
External debt stocks, % of GNI	89.3%	N/A
External debt stocks	$1.7B	N/A
Short-term debt, % of total reserves	0.2%	N/A
Total debt service, % of exports and primary income	5.6%	N/A
Adjusted net savings including particulate emission damage, % of GNI	11.7%	N/A
Gross savings, % of GDP	34.7%	17.2%
Gross capital formation, % of GDP	40.4%	23.4%
Total reserves including gold	$606.4M	N/A
Foreign direct investment net inflows	$108M	$9.8M

Exports, imports and economic structure

Stat	Cape Verde	Marshall Islands
Exports of goods and services, % of GDP	48.8%	40.4%
Imports of goods and services, % of GDP	68.2%	85.3%
Current account balance (balance of payments)	-$94.5M	$53M
Revenue excluding grants, % of GDP	28.8%	32.2%
Grants excluding technical cooperation, BoP	$42.5M	$50.6M
Personal remittances received	$233.5M	$31.5M
Industry including construction value added, % of GDP	19.2%	12.8%
Agriculture, forestry and fishing value added, % of GDP	5.3%	15.2%
Charges for the use of intellectual property, payments BoP	$11.3M	N/A
Charges for the use of intellectual property, receipts BoP	$47k	N/A
Expense, % of GDP	28.4%	57.9%
Government Expenditure, % of GDP	30.7%	N/A