Colombia vs the Marshall Islands: Economic Indicators Comparison

Colombia with a GDP of $331B ranked the 39th largest economy in the world, while the Marshall Islands ranked 193rd with $221.3M. By GDP per capita, Colombia and the Marshall Islands ranked 94th vs 123rd, respectively.

Gross Domestic Product & Income

Stat	Colombia	Marshall Islands
GDP	$331B	$221.3M
GDP growth, 1 year	2.7%	3.62%
GDP growth, 5-years average	2.8%	N/A
Population	49.1M	53k
GDP per capita	$6.7k	$3.8k
GDP per capita growth	1.02%	2.99%
Purchasing Power Parity conversion factor	1312.74	0.95
Price level ratio of PPP conversion factor GDP to market exchange rate	0.44	0.95
GDP per capita, PPP adjusted	$15k	$4k
GNI, Atlas method	$306.9B	$283.7M
GNI per capita	$6.2k	$4.9k
GNI, PPP adjusted	$718.9B	$297.6M
GNI per capita, PPP adjusted	$14k	$5.1k

Financial system and Human development

Stat	Colombia	Marshall Islands
Income Tax Rate	39%	N/A
Corporate Tax Rate	33%	N/A
Inflation, consumer prices	3.2%	N/A
Inflation, GDP deflator	3.7%	0.3%
Unemployment	9.1%	4.7%
Economic Freedom Index	69.2	58
Personal Freedom Index	6.93	6.2
Human Freedom Index	6.78	6.2
Property Rights Index	61.1	N/A
Judical Effectiveness Index	32.8	N/A
Business Freedom Index	71.3	N/A
Fiscal Health Index	85.5	N/A
Labor Freedom Index	78	N/A
Investment Freedom Index	80	N/A
Financial Freedom Index	70	N/A
Trade Freedom Index	81.2	N/A
Monetary Freedom Index	77.5	N/A
Government Spending Index	77	N/A
Tax Burden Index	70.4	N/A
Government Integrity Index	46.1	N/A
Corruption Perceptions Index	36	64
Life expectancy at birth, years	76.9	65.2
Suicide mortality rate, per 100,000 people	7.2	1
Mortality caused by road traffic injury, per 100,000 people	18.5	5.7
Intentional homicides, per 100,000 people	24.9	4
International tourism, number of arrivals	3.9M	6.8k

Government debt & reserves

Stat	Colombia	Marshall Islands
Central government debt, % of GDP	50.5%	48.9%
External debt stocks, % of GNI	42.3%	N/A
External debt stocks	$134.9B	N/A
Short-term debt, % of total reserves	31.5%	N/A
Total debt service, % of exports and primary income	40.8%	N/A
Adjusted net savings including particulate emission damage, % of GNI	2.8%	N/A
Gross savings, % of GDP	15.1%	17.2%
Gross capital formation, % of GDP	21.2%	23.4%
Total reserves including gold	$47.9B	N/A
Foreign direct investment net inflows	$11.5B	$9.8M

Exports, imports and economic structure

Stat	Colombia	Marshall Islands
Exports of goods and services, % of GDP	15.9%	40.4%
Imports of goods and services, % of GDP	20.8%	85.3%
Current account balance (balance of payments)	-$13B	$53M
Revenue excluding grants, % of GDP	22.9%	32.2%
Grants excluding technical cooperation, BoP	$741.3M	$50.6M
Personal remittances received	$6.4B	$31.5M
Industry including construction value added, % of GDP	26.7%	12.8%
Agriculture, forestry and fishing value added, % of GDP	6.3%	15.2%
Charges for the use of intellectual property, payments BoP	$471.4M	N/A
Charges for the use of intellectual property, receipts BoP	$105.6M	N/A
Expense, % of GDP	25.3%	57.9%
Government Expenditure, % of GDP	27.7%	N/A