Eritrea vs the Marshall Islands: Economic Indicators Comparison

Eritrea with a GDP of $2.6B ranked the 170th largest economy in the world, while the Marshall Islands ranked 193rd with $221.3M. By GDP per capita, Eritrea and the Marshall Islands ranked 178th vs 123rd, respectively.

Gross Domestic Product & Income

Stat	Eritrea	Marshall Islands
GDP	$2.6B	$221.3M
GDP growth, 1 year	4.2%	3.62%
GDP growth, 5-years average	3.3%	N/A
Population	3.5M	53k
GDP per capita	$811	$3.8k
GDP per capita growth	7.21%	2.99%
Purchasing Power Parity conversion factor	5.93	0.95
Price level ratio of PPP conversion factor GDP to market exchange rate	0.39	0.95
GDP per capita, PPP adjusted	$1.7k	$4k
GNI, Atlas method	$2.3B	$283.7M
GNI per capita	$720	$4.9k
GNI, PPP adjusted	$6.7B	$297.6M
GNI per capita, PPP adjusted	$2.1k	$5.1k

Financial system and Human development

Stat	Eritrea	Marshall Islands
Income Tax Rate	30%	N/A
Corporate Tax Rate	30%	N/A
Inflation, consumer prices	9%	N/A
Inflation, GDP deflator	13.3%	0.3%
Unemployment	6.5%	4.7%
Economic Freedom Index	38.5	58
Personal Freedom Index	4.8	6.2
Human Freedom Index	4.8	6.2
Property Rights Index	32.5	N/A
Judical Effectiveness Index	14.3	N/A
Business Freedom Index	18.2	N/A
Fiscal Health Index	0	N/A
Labor Freedom Index	69.7	N/A
Investment Freedom Index	0	N/A
Financial Freedom Index	20	N/A
Trade Freedom Index	69.2	N/A
Monetary Freedom Index	61	N/A
Government Spending Index	74.7	N/A
Tax Burden Index	81.4	N/A
Government Integrity Index	21.4	N/A
Corruption Perceptions Index	24	64
Life expectancy at birth, years	65.5	65.2
Suicide mortality rate, per 100,000 people	7.9	1
Mortality caused by road traffic injury, per 100,000 people	25.3	5.7
Intentional homicides, per 100,000 people	8	4
International tourism, number of arrivals	142k	6.8k

Government debt & reserves

Stat	Eritrea	Marshall Islands
Central government debt, % of GDP	129.4%	48.9%
External debt stocks, % of GNI	40.8%	N/A
External debt stocks	$791.2M	N/A
Short-term debt, % of total reserves	16%	N/A
Total debt service, % of exports and primary income	4.3%	N/A
Adjusted net savings including particulate emission damage, % of GNI	0.5%	N/A
Gross savings, % of GDP	15.8%	17.2%
Gross capital formation, % of GDP	10%	23.4%
Total reserves including gold	$114.8M	N/A
Foreign direct investment net inflows	$61M	$9.8M

Exports, imports and economic structure

Stat	Eritrea	Marshall Islands
Exports of goods and services, % of GDP	14.4%	40.4%
Imports of goods and services, % of GDP	23.2%	85.3%
Current account balance (balance of payments)	-$104.7M	$53M
Revenue excluding grants, % of GDP	N/A	32.2%
Grants excluding technical cooperation, BoP	$82M	$50.6M
Personal remittances received	$3.3M	$31.5M
Industry including construction value added, % of GDP	21.8%	12.8%
Agriculture, forestry and fishing value added, % of GDP	14.1%	15.2%
Charges for the use of intellectual property, payments BoP	$281k	N/A
Charges for the use of intellectual property, receipts BoP	$94k	N/A
Expense, % of GDP	N/A	57.9%
Government Expenditure, % of GDP	29.1%	N/A