Germany vs the Marshall Islands: Economic Indicators Comparison

Germany with a GDP of $3.9T ranked the 4th largest economy in the world, while the Marshall Islands ranked 193rd with $221.3M. By GDP per capita, Germany and the Marshall Islands ranked 19th vs 123rd, respectively.

Gross Domestic Product & Income

Stat	Germany	Marshall Islands
GDP	$3.9T	$221.3M
GDP growth, 1 year	1.5%	3.62%
GDP growth, 5-years average	1.9%	N/A
Population	83.1M	53k
GDP per capita	$48k	$3.8k
GDP per capita growth	1.2%	2.99%
Purchasing Power Parity conversion factor	0.76	0.95
Price level ratio of PPP conversion factor GDP to market exchange rate	0.9	0.95
GDP per capita, PPP adjusted	$53k	$4k
GNI, Atlas method	$3.9T	$283.7M
GNI per capita	$47k	$4.9k
GNI, PPP adjusted	$4.5T	$297.6M
GNI per capita, PPP adjusted	$55k	$5.1k

Financial system and Human development

Stat	Germany	Marshall Islands
Income Tax Rate	47.5%	N/A
Corporate Tax Rate	15.8%	N/A
Inflation, consumer prices	1.9%	N/A
Inflation, GDP deflator	1.5%	0.3%
Unemployment	3.4%	4.7%
Economic Freedom Index	73.5	58
Personal Freedom Index	9.14	6.2
Human Freedom Index	8.42	6.2
Property Rights Index	80.5	N/A
Judical Effectiveness Index	74.3	N/A
Business Freedom Index	82.8	N/A
Fiscal Health Index	92.9	N/A
Labor Freedom Index	53	N/A
Investment Freedom Index	80	N/A
Financial Freedom Index	70	N/A
Trade Freedom Index	86.4	N/A
Monetary Freedom Index	76.7	N/A
Government Spending Index	42.2	N/A
Tax Burden Index	60.9	N/A
Government Integrity Index	82.8	N/A
Corruption Perceptions Index	80	64
Life expectancy at birth, years	81	65.2
Suicide mortality rate, per 100,000 people	13.6	1
Mortality caused by road traffic injury, per 100,000 people	4.1	5.7
Intentional homicides, per 100,000 people	1	4
International tourism, number of arrivals	38.9M	6.8k

Government debt & reserves

Stat	Germany	Marshall Islands
Central government debt, % of GDP	59.8%	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	14.1%	N/A
Gross savings, % of GDP	29.3%	17.2%
Gross capital formation, % of GDP	21.8%	23.4%
Total reserves including gold	$198B	N/A
Foreign direct investment net inflows	$105.3B	$9.8M

Exports, imports and economic structure

Stat	Germany	Marshall Islands
Exports of goods and services, % of GDP	47.4%	40.4%
Imports of goods and services, % of GDP	41.3%	85.3%
Current account balance (balance of payments)	$289.9B	$53M
Revenue excluding grants, % of GDP	28.5%	32.2%
Grants excluding technical cooperation, BoP	N/A	$50.6M
Personal remittances received	$18B	$31.5M
Industry including construction value added, % of GDP	27.5%	12.8%
Agriculture, forestry and fishing value added, % of GDP	0.8%	15.2%
Charges for the use of intellectual property, payments BoP	$15.6B	N/A
Charges for the use of intellectual property, receipts BoP	$24.4B	N/A
Expense, % of GDP	28.2%	57.9%
Government Expenditure, % of GDP	43.9%	N/A