The Cayman Islands vs the Marshall Islands: Economic Indicators Comparison

The Cayman Islands with a GDP of $5.1B ranked the 158th largest economy in the world, while the Marshall Islands ranked 193rd with $221.3M. By GDP per capita, the Cayman Islands and the Marshall Islands ranked 6th vs 123rd, respectively.

Gross Domestic Product & Income

Stat	Cayman Islands	Marshall Islands
GDP	$5.1B	$221.3M
GDP growth, 1 year	3.04%	3.62%
GDP growth, 5-years average	N/A	N/A
Population	58k	53k
GDP per capita	$81k	$3.8k
GDP per capita growth	1.72%	2.99%
Purchasing Power Parity conversion factor	0.93	0.95
Price level ratio of PPP conversion factor GDP to market exchange rate	1.12	0.95
GDP per capita, PPP adjusted	$73k	$4k
GNI, Atlas method	$3B	$283.7M
GNI per capita	$47k	$4.9k
GNI, PPP adjusted	$2.8B	$297.6M
GNI per capita, PPP adjusted	$44k	$5.1k

Financial system and Human development

Stat	Cayman Islands	Marshall Islands
Income Tax Rate	N/A	N/A
Corporate Tax Rate	N/A	N/A
Inflation, consumer prices	-0.6%	N/A
Inflation, GDP deflator	1.9%	0.3%
Unemployment	4.2%	4.7%
Economic Freedom Index	74	58
Personal Freedom Index	8.1	6.2
Human Freedom Index	8.1	6.2
Property Rights Index	N/A	N/A
Judical Effectiveness Index	N/A	N/A
Business Freedom Index	N/A	N/A
Fiscal Health Index	N/A	N/A
Labor Freedom Index	N/A	N/A
Investment Freedom Index	N/A	N/A
Financial Freedom Index	N/A	N/A
Trade Freedom Index	N/A	N/A
Monetary Freedom Index	N/A	N/A
Government Spending Index	N/A	N/A
Tax Burden Index	N/A	N/A
Government Integrity Index	N/A	N/A
Corruption Perceptions Index	76	64
Life expectancy at birth, years	82.2	65.2
Suicide mortality rate, per 100,000 people	0.5	1
Mortality caused by road traffic injury, per 100,000 people	14	5.7
Intentional homicides, per 100,000 people	8.5	4
International tourism, number of arrivals	463k	6.8k

Government debt & reserves

Stat	Cayman Islands	Marshall Islands
Central government debt, % of GDP	N/A	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	N/A	N/A
Gross savings, % of GDP	N/A	17.2%
Gross capital formation, % of GDP	N/A	23.4%
Total reserves including gold	$162.1M	N/A
Foreign direct investment net inflows	$57.4B	$9.8M

Exports, imports and economic structure

Stat	Cayman Islands	Marshall Islands
Exports of goods and services, % of GDP	N/A	40.4%
Imports of goods and services, % of GDP	N/A	85.3%
Current account balance (balance of payments)	-$997.9M	$53M
Revenue excluding grants, % of GDP	N/A	32.2%
Grants excluding technical cooperation, BoP	$0	$50.6M
Personal remittances received	$15.6M	$31.5M
Industry including construction value added, % of GDP	7.2%	12.8%
Agriculture, forestry and fishing value added, % of GDP	0.4%	15.2%
Charges for the use of intellectual property, payments BoP	$68M	N/A
Charges for the use of intellectual property, receipts BoP	$9.3M	N/A
Expense, % of GDP	N/A	57.9%
Government Expenditure, % of GDP	N/A	N/A