Fiji vs the Marshall Islands: Economic Indicators Comparison
Fiji with a GDP of $5.5B ranked the 152nd largest economy in the world, while the Marshall Islands ranked 193rd with $221.3M. By GDP per capita, Fiji and the Marshall Islands ranked 98th vs 123rd, respectively.
Gross Domestic Product & Income
Stat | Fiji | Marshall Islands |
---|---|---|
GDP | $5.5B | $221.3M |
GDP growth, 1 year | 3.2% | 3.62% |
GDP growth, 5-years average | 3.3% | N/A |
Population | 906k | 53k |
GDP per capita | $6.3k | $3.8k |
GDP per capita growth | 2.82% | 2.99% |
Purchasing Power Parity conversion factor | 1.2 | 0.95 |
Price level ratio of PPP conversion factor GDP to market exchange rate | 0.58 | 0.95 |
GDP per capita, PPP adjusted | $10k | $4k |
GNI, Atlas method | $5.2B | $283.7M |
GNI per capita | $5.9k | $4.9k |
GNI, PPP adjusted | $9B | $297.6M |
GNI per capita, PPP adjusted | $10k | $5.1k |
Financial system and Human development
Stat | Fiji | Marshall Islands |
---|---|---|
Income Tax Rate | 29% | N/A |
Corporate Tax Rate | 20% | N/A |
Inflation, consumer prices | 4.1% | N/A |
Inflation, GDP deflator | 0.9% | 0.3% |
Unemployment | 4.2% | 4.7% |
Economic Freedom Index | 63.4 | 58 |
Personal Freedom Index | 7.89 | 6.2 |
Human Freedom Index | 7.46 | 6.2 |
Property Rights Index | 69.9 | N/A |
Judical Effectiveness Index | 42.6 | N/A |
Business Freedom Index | 62.6 | N/A |
Fiscal Health Index | 84.2 | N/A |
Labor Freedom Index | 76.2 | N/A |
Investment Freedom Index | 55 | N/A |
Financial Freedom Index | 50 | N/A |
Trade Freedom Index | 52.8 | N/A |
Monetary Freedom Index | 72.5 | N/A |
Government Spending Index | 68.9 | N/A |
Tax Burden Index | 80.5 | N/A |
Government Integrity Index | 45.6 | N/A |
Corruption Perceptions Index | 58 | 64 |
Life expectancy at birth, years | 67.3 | 65.2 |
Suicide mortality rate, per 100,000 people | 5 | 1 |
Mortality caused by road traffic injury, per 100,000 people | 9.6 | 5.7 |
Intentional homicides, per 100,000 people | 2.3 | 4 |
International tourism, number of arrivals | 870k | 6.8k |
Government debt & reserves
Stat | Fiji | Marshall Islands |
---|---|---|
Central government debt, % of GDP | 49.7% | 48.9% |
External debt stocks, % of GNI | 16.7% | N/A |
External debt stocks | $851.8M | N/A |
Short-term debt, % of total reserves | 4.7% | N/A |
Total debt service, % of exports and primary income | 2% | N/A |
Adjusted net savings including particulate emission damage, % of GNI | 8.1% | N/A |
Gross savings, % of GDP | N/A | 17.2% |
Gross capital formation, % of GDP | N/A | 23.4% |
Total reserves including gold | $947.7M | N/A |
Foreign direct investment net inflows | $468.8M | $9.8M |
Exports, imports and economic structure
Stat | Fiji | 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) | -$470.1M | $53M |
Revenue excluding grants, % of GDP | 26.4% | 32.2% |
Grants excluding technical cooperation, BoP | $65.9M | $50.6M |
Personal remittances received | $284.7M | $31.5M |
Industry including construction value added, % of GDP | 15.6% | 12.8% |
Agriculture, forestry and fishing value added, % of GDP | 10.7% | 15.2% |
Charges for the use of intellectual property, payments BoP | $6.7M | N/A |
Charges for the use of intellectual property, receipts BoP | $861k | N/A |
Expense, % of GDP | 28.3% | 57.9% |
Government Expenditure, % of GDP | 32.2% | N/A |