Ireland vs the Marshall Islands: Economic Indicators Comparison

Ireland with a GDP of $382.5B ranked the 33rd largest economy in the world, while the Marshall Islands ranked 193rd with $221.3M. By GDP per capita, Ireland and the Marshall Islands ranked 7th vs 123rd, respectively.

Gross Domestic Product & Income

Stat	Ireland	Marshall Islands
GDP	$382.5B	$221.3M
GDP growth, 1 year	6.8%	3.62%
GDP growth, 5-years average	10.5%	N/A
Population	4.8M	53k
GDP per capita	$79k	$3.8k
GDP per capita growth	7.14%	2.99%
Purchasing Power Parity conversion factor	0.8	0.95
Price level ratio of PPP conversion factor GDP to market exchange rate	0.95	0.95
GDP per capita, PPP adjusted	$79k	$4k
GNI, Atlas method	$297.9B	$283.7M
GNI per capita	$61k	$4.9k
GNI, PPP adjusted	$325.4B	$297.6M
GNI per capita, PPP adjusted	$67k	$5.1k

Financial system and Human development

Stat	Ireland	Marshall Islands
Income Tax Rate	41%	N/A
Corporate Tax Rate	12.5%	N/A
Inflation, consumer prices	0.7%	N/A
Inflation, GDP deflator	0.8%	0.3%
Unemployment	5.7%	4.7%
Economic Freedom Index	80.9	58
Personal Freedom Index	9.04	6.2
Human Freedom Index	8.48	6.2
Property Rights Index	86.6	N/A
Judical Effectiveness Index	64.4	N/A
Business Freedom Index	82.7	N/A
Fiscal Health Index	91.4	N/A
Labor Freedom Index	75.9	N/A
Investment Freedom Index	90	N/A
Financial Freedom Index	70	N/A
Trade Freedom Index	86.4	N/A
Monetary Freedom Index	85.3	N/A
Government Spending Index	78.8	N/A
Tax Burden Index	76.4	N/A
Government Integrity Index	82.8	N/A
Corruption Perceptions Index	73	64
Life expectancy at birth, years	82	65.2
Suicide mortality rate, per 100,000 people	11.5	1
Mortality caused by road traffic injury, per 100,000 people	4.1	5.7
Intentional homicides, per 100,000 people	0.9	4
International tourism, number of arrivals	10.9M	6.8k

Government debt & reserves

Stat	Ireland	Marshall Islands
Central government debt, % of GDP	65.2%	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	16%	N/A
Gross savings, % of GDP	36.6%	17.2%
Gross capital formation, % of GDP	23.8%	23.4%
Total reserves including gold	$5.2B	N/A
Foreign direct investment net inflows	$64.5B	$9.8M

Exports, imports and economic structure

Stat	Ireland	Marshall Islands
Exports of goods and services, % of GDP	122.3%	40.4%
Imports of goods and services, % of GDP	89.2%	85.3%
Current account balance (balance of payments)	$40.9B	$53M
Revenue excluding grants, % of GDP	24.2%	32.2%
Grants excluding technical cooperation, BoP	N/A	$50.6M
Personal remittances received	$623.6M	$31.5M
Industry including construction value added, % of GDP	36.8%	12.8%
Agriculture, forestry and fishing value added, % of GDP	0.9%	15.2%
Charges for the use of intellectual property, payments BoP	$85.1B	N/A
Charges for the use of intellectual property, receipts BoP	$13.9B	N/A
Expense, % of GDP	23.3%	57.9%
Government Expenditure, % of GDP	26.6%	N/A