Estonia vs the Marshall Islands: Economic Indicators Comparison

Estonia with a GDP of $30.7B ranked the 102nd largest economy in the world, while the Marshall Islands ranked 193rd with $221.3M. By GDP per capita, Estonia and the Marshall Islands ranked 42nd vs 123rd, respectively.

Gross Domestic Product & Income

Stat	Estonia	Marshall Islands
GDP	$30.7B	$221.3M
GDP growth, 1 year	3.9%	3.62%
GDP growth, 5-years average	3.4%	N/A
Population	1.3M	53k
GDP per capita	$23k	$3.8k
GDP per capita growth	4.48%	2.99%
Purchasing Power Parity conversion factor	0.55	0.95
Price level ratio of PPP conversion factor GDP to market exchange rate	0.65	0.95
GDP per capita, PPP adjusted	$34k	$4k
GNI, Atlas method	$27.9B	$283.7M
GNI per capita	$21k	$4.9k
GNI, PPP adjusted	$46.2B	$297.6M
GNI per capita, PPP adjusted	$35k	$5.1k

Financial system and Human development

Stat	Estonia	Marshall Islands
Income Tax Rate	20%	N/A
Corporate Tax Rate	20%	N/A
Inflation, consumer prices	3.4%	N/A
Inflation, GDP deflator	4.5%	0.3%
Unemployment	5.5%	4.7%
Economic Freedom Index	77.7	58
Personal Freedom Index	9.04	6.2
Human Freedom Index	8.44	6.2
Property Rights Index	83.2	N/A
Judical Effectiveness Index	73.7	N/A
Business Freedom Index	73.5	N/A
Fiscal Health Index	99.9	N/A
Labor Freedom Index	57.3	N/A
Investment Freedom Index	90	N/A
Financial Freedom Index	70	N/A
Trade Freedom Index	86.4	N/A
Monetary Freedom Index	78.6	N/A
Government Spending Index	53.3	N/A
Tax Burden Index	81.1	N/A
Government Integrity Index	85.9	N/A
Corruption Perceptions Index	73	64
Life expectancy at birth, years	77.6	65.2
Suicide mortality rate, per 100,000 people	17.8	1
Mortality caused by road traffic injury, per 100,000 people	6.1	5.7
Intentional homicides, per 100,000 people	2.2	4
International tourism, number of arrivals	3.2M	6.8k

Government debt & reserves

Stat	Estonia	Marshall Islands
Central government debt, % of GDP	8.1%	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	15.2%	N/A
Gross savings, % of GDP	28.2%	17.2%
Gross capital formation, % of GDP	26.2%	23.4%
Total reserves including gold	$755M	N/A
Foreign direct investment net inflows	$1.2B	$9.8M

Exports, imports and economic structure

Stat	Estonia	Marshall Islands
Exports of goods and services, % of GDP	74.3%	40.4%
Imports of goods and services, % of GDP	70.7%	85.3%
Current account balance (balance of payments)	$612.4M	$53M
Revenue excluding grants, % of GDP	34.8%	32.2%
Grants excluding technical cooperation, BoP	$120.3M	$50.6M
Personal remittances received	$566.5M	$31.5M
Industry including construction value added, % of GDP	24.1%	12.8%
Agriculture, forestry and fishing value added, % of GDP	2.7%	15.2%
Charges for the use of intellectual property, payments BoP	$64.7M	N/A
Charges for the use of intellectual property, receipts BoP	$15.9M	N/A
Expense, % of GDP	35%	57.9%
Government Expenditure, % of GDP	39.4%	N/A