Honduras vs the Marshall Islands: Economic Indicators Comparison

Honduras with a GDP of $24B ranked the 112th largest economy in the world, while the Marshall Islands ranked 193rd with $221.3M. By GDP per capita, Honduras and the Marshall Islands ranked 141st vs 123rd, respectively.

Gross Domestic Product & Income

Stat	Honduras	Marshall Islands
GDP	$24B	$221.3M
GDP growth, 1 year	3.7%	3.62%
GDP growth, 5-years average	3.9%	N/A
Population	9.3M	53k
GDP per capita	$2.5k	$3.8k
GDP per capita growth	2.03%	2.99%
Purchasing Power Parity conversion factor	11.63	0.95
Price level ratio of PPP conversion factor GDP to market exchange rate	0.49	0.95
GDP per capita, PPP adjusted	$5.2k	$4k
GNI, Atlas method	$22.5B	$283.7M
GNI per capita	$2.4k	$4.9k
GNI, PPP adjusted	$46B	$297.6M
GNI per capita, PPP adjusted	$4.8k	$5.1k

Financial system and Human development

Stat	Honduras	Marshall Islands
Income Tax Rate	25%	N/A
Corporate Tax Rate	25%	N/A
Inflation, consumer prices	4.3%	N/A
Inflation, GDP deflator	1.8%	0.3%
Unemployment	4.1%	4.7%
Economic Freedom Index	61.1	58
Personal Freedom Index	6.95	6.2
Human Freedom Index	7.13	6.2
Property Rights Index	48.6	N/A
Judical Effectiveness Index	34.2	N/A
Business Freedom Index	56.7	N/A
Fiscal Health Index	96.7	N/A
Labor Freedom Index	31.5	N/A
Investment Freedom Index	65	N/A
Financial Freedom Index	60	N/A
Trade Freedom Index	79.4	N/A
Monetary Freedom Index	72.2	N/A
Government Spending Index	78.2	N/A
Tax Burden Index	82.3	N/A
Government Integrity Index	28.6	N/A
Corruption Perceptions Index	29	64
Life expectancy at birth, years	74.9	65.2
Suicide mortality rate, per 100,000 people	2.9	1
Mortality caused by road traffic injury, per 100,000 people	16.7	5.7
Intentional homicides, per 100,000 people	41.7	4
International tourism, number of arrivals	851k	6.8k

Government debt & reserves

Stat	Honduras	Marshall Islands
Central government debt, % of GDP	40.3%	48.9%
External debt stocks, % of GNI	43.7%	N/A
External debt stocks	$9.7B	N/A
Short-term debt, % of total reserves	14.7%	N/A
Total debt service, % of exports and primary income	28.1%	N/A
Adjusted net savings including particulate emission damage, % of GNI	19.5%	N/A
Gross savings, % of GDP	20.8%	17.2%
Gross capital formation, % of GDP	25.5%	23.4%
Total reserves including gold	$4.8B	N/A
Foreign direct investment net inflows	$1.4B	$9.8M

Exports, imports and economic structure

Stat	Honduras	Marshall Islands
Exports of goods and services, % of GDP	41.8%	40.4%
Imports of goods and services, % of GDP	60.4%	85.3%
Current account balance (balance of payments)	-$1.3B	$53M
Revenue excluding grants, % of GDP	23.4%	32.2%
Grants excluding technical cooperation, BoP	$302.7M	$50.6M
Personal remittances received	$4.8B	$31.5M
Industry including construction value added, % of GDP	26.8%	12.8%
Agriculture, forestry and fishing value added, % of GDP	11.8%	15.2%
Charges for the use of intellectual property, payments BoP	$57.8M	N/A
Charges for the use of intellectual property, receipts BoP	$811k	N/A
Expense, % of GDP	22%	57.9%
Government Expenditure, % of GDP	26.9%	N/A