Finland vs the Marshall Islands: Economic Indicators Comparison

Finland with a GDP of $276.7B ranked the 43rd largest economy in the world, while the Marshall Islands ranked 193rd with $221.3M. By GDP per capita, Finland and the Marshall Islands ranked 17th vs 123rd, respectively.

Gross Domestic Product & Income

Stat	Finland	Marshall Islands
GDP	$276.7B	$221.3M
GDP growth, 1 year	2.4%	3.62%
GDP growth, 5-years average	1.4%	N/A
Population	5.5M	53k
GDP per capita	$50k	$3.8k
GDP per capita growth	1.49%	2.99%
Purchasing Power Parity conversion factor	0.88	0.95
Price level ratio of PPP conversion factor GDP to market exchange rate	1.04	0.95
GDP per capita, PPP adjusted	$46k	$4k
GNI, Atlas method	$266.4B	$283.7M
GNI per capita	$48k	$4.9k
GNI, PPP adjusted	$268.1B	$297.6M
GNI per capita, PPP adjusted	$49k	$5.1k

Financial system and Human development

Stat	Finland	Marshall Islands
Income Tax Rate	31.3%	N/A
Corporate Tax Rate	20%	N/A
Inflation, consumer prices	1.2%	N/A
Inflation, GDP deflator	2.1%	0.3%
Unemployment	7.8%	4.7%
Economic Freedom Index	75.7	58
Personal Freedom Index	9.5	6.2
Human Freedom Index	8.7	6.2
Property Rights Index	92.3	N/A
Judical Effectiveness Index	80.5	N/A
Business Freedom Index	84.8	N/A
Fiscal Health Index	90.7	N/A
Labor Freedom Index	50.3	N/A
Investment Freedom Index	85	N/A
Financial Freedom Index	80	N/A
Trade Freedom Index	86.4	N/A
Monetary Freedom Index	83.6	N/A
Government Spending Index	11.2	N/A
Tax Burden Index	67.5	N/A
Government Integrity Index	96.1	N/A
Corruption Perceptions Index	85	64
Life expectancy at birth, years	81.4	65.2
Suicide mortality rate, per 100,000 people	15.9	1
Mortality caused by road traffic injury, per 100,000 people	4.7	5.7
Intentional homicides, per 100,000 people	1.2	4
International tourism, number of arrivals	3.2M	6.8k

Government debt & reserves

Stat	Finland	Marshall Islands
Central government debt, % of GDP	60.5%	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	10.2%	N/A
Gross savings, % of GDP	23.9%	17.2%
Gross capital formation, % of GDP	24.9%	23.4%
Total reserves including gold	$10.3B	N/A
Foreign direct investment net inflows	-$4.9B	$9.8M

Exports, imports and economic structure

Stat	Finland	Marshall Islands
Exports of goods and services, % of GDP	38.6%	40.4%
Imports of goods and services, % of GDP	39.3%	85.3%
Current account balance (balance of payments)	-$4.5B	$53M
Revenue excluding grants, % of GDP	36.6%	32.2%
Grants excluding technical cooperation, BoP	N/A	$50.6M
Personal remittances received	$949.7M	$31.5M
Industry including construction value added, % of GDP	24.5%	12.8%
Agriculture, forestry and fishing value added, % of GDP	2.5%	15.2%
Charges for the use of intellectual property, payments BoP	$1.1B	N/A
Charges for the use of intellectual property, receipts BoP	$3.4B	N/A
Expense, % of GDP	37.9%	57.9%
Government Expenditure, % of GDP	54.4%	N/A