India vs the Marshall Islands: Economic Indicators Comparison

India with a GDP of $2.7T ranked the 7th largest economy in the world, while the Marshall Islands ranked 193rd with $221.3M. By GDP per capita, India and the Marshall Islands ranked 150th vs 123rd, respectively.

Gross Domestic Product & Income

Stat	India	Marshall Islands
GDP	$2.7T	$221.3M
GDP growth, 1 year	7.1%	3.62%
GDP growth, 5-years average	7.6%	N/A
Population	1.3B	53k
GDP per capita	$2k	$3.8k
GDP per capita growth	5.71%	2.99%
Purchasing Power Parity conversion factor	18.1	0.95
Price level ratio of PPP conversion factor GDP to market exchange rate	0.26	0.95
GDP per capita, PPP adjusted	$7.9k	$4k
GNI, Atlas method	$2.7T	$283.7M
GNI per capita	$2k	$4.9k
GNI, PPP adjusted	$10.4T	$297.6M
GNI per capita, PPP adjusted	$7.7k	$5.1k

Financial system and Human development

Stat	India	Marshall Islands
Income Tax Rate	30.9%	N/A
Corporate Tax Rate	32.4%	N/A
Inflation, consumer prices	3.5%	N/A
Inflation, GDP deflator	4.1%	0.3%
Unemployment	2.6%	4.7%
Economic Freedom Index	56.5	58
Personal Freedom Index	6.96	6.2
Human Freedom Index	6.8	6.2
Property Rights Index	63	N/A
Judical Effectiveness Index	64.1	N/A
Business Freedom Index	65.6	N/A
Fiscal Health Index	13.1	N/A
Labor Freedom Index	41.2	N/A
Investment Freedom Index	40	N/A
Financial Freedom Index	40	N/A
Trade Freedom Index	73.4	N/A
Monetary Freedom Index	73	N/A
Government Spending Index	77.9	N/A
Tax Burden Index	79.4	N/A
Government Integrity Index	47.2	N/A
Corruption Perceptions Index	41	64
Life expectancy at birth, years	69.2	65.2
Suicide mortality rate, per 100,000 people	16.3	1
Mortality caused by road traffic injury, per 100,000 people	22.6	5.7
Intentional homicides, per 100,000 people	3.2	4
International tourism, number of arrivals	17.4M	6.8k

Government debt & reserves

Stat	India	Marshall Islands
Central government debt, % of GDP	69.8%	48.9%
External debt stocks, % of GNI	19.3%	N/A
External debt stocks	$521.4B	N/A
Short-term debt, % of total reserves	26.1%	N/A
Total debt service, % of exports and primary income	11.4%	N/A
Adjusted net savings including particulate emission damage, % of GNI	16.3%	N/A
Gross savings, % of GDP	30.9%	17.2%
Gross capital formation, % of GDP	31.3%	23.4%
Total reserves including gold	$399.2B	N/A
Foreign direct investment net inflows	$42.1B	$9.8M

Exports, imports and economic structure

Stat	India	Marshall Islands
Exports of goods and services, % of GDP	19.7%	40.4%
Imports of goods and services, % of GDP	23.6%	85.3%
Current account balance (balance of payments)	-$65.6B	$53M
Revenue excluding grants, % of GDP	12.9%	32.2%
Grants excluding technical cooperation, BoP	$689.4M	$50.6M
Personal remittances received	$78.8B	$31.5M
Industry including construction value added, % of GDP	26.7%	12.8%
Agriculture, forestry and fishing value added, % of GDP	14.6%	15.2%
Charges for the use of intellectual property, payments BoP	$7.9B	N/A
Charges for the use of intellectual property, receipts BoP	$784.9M	N/A
Expense, % of GDP	14.9%	57.9%
Government Expenditure, % of GDP	27.1%	N/A