Jamaica vs the Marshall Islands: Economic Indicators Comparison

Jamaica with a GDP of $15.7B ranked the 122nd largest economy in the world, while the Marshall Islands ranked 193rd with $221.3M. By GDP per capita, Jamaica and the Marshall Islands ranked 106th vs 123rd, respectively.

Gross Domestic Product & Income

Stat	Jamaica	Marshall Islands
GDP	$15.7B	$221.3M
GDP growth, 1 year	1.4%	3.62%
GDP growth, 5-years average	1%	N/A
Population	2.9M	53k
GDP per capita	$5.4k	$3.8k
GDP per capita growth	1.45%	2.99%
Purchasing Power Parity conversion factor	73.98	0.95
Price level ratio of PPP conversion factor GDP to market exchange rate	0.57	0.95
GDP per capita, PPP adjusted	$9.4k	$4k
GNI, Atlas method	$14.6B	$283.7M
GNI per capita	$5k	$4.9k
GNI, PPP adjusted	$26.1B	$297.6M
GNI per capita, PPP adjusted	$8.9k	$5.1k

Financial system and Human development

Stat	Jamaica	Marshall Islands
Income Tax Rate	25%	N/A
Corporate Tax Rate	25%	N/A
Inflation, consumer prices	3.7%	N/A
Inflation, GDP deflator	4.8%	0.3%
Unemployment	9.5%	4.7%
Economic Freedom Index	68.5	58
Personal Freedom Index	7.29	6.2
Human Freedom Index	7.16	6.2
Property Rights Index	62.1	N/A
Judical Effectiveness Index	50.5	N/A
Business Freedom Index	77.7	N/A
Fiscal Health Index	80.2	N/A
Labor Freedom Index	74	N/A
Investment Freedom Index	80	N/A
Financial Freedom Index	50	N/A
Trade Freedom Index	68.4	N/A
Monetary Freedom Index	77.7	N/A
Government Spending Index	74.8	N/A
Tax Burden Index	80	N/A
Government Integrity Index	46.8	N/A
Corruption Perceptions Index	44	64
Life expectancy at birth, years	74.3	65.2
Suicide mortality rate, per 100,000 people	2.2	1
Mortality caused by road traffic injury, per 100,000 people	13.6	5.7
Intentional homicides, per 100,000 people	57	4
International tourism, number of arrivals	2.5M	6.8k

Government debt & reserves

Stat	Jamaica	Marshall Islands
Central government debt, % of GDP	99.4%	48.9%
External debt stocks, % of GNI	108%	N/A
External debt stocks	$16.3B	N/A
Short-term debt, % of total reserves	56.4%	N/A
Total debt service, % of exports and primary income	20.4%	N/A
Adjusted net savings including particulate emission damage, % of GNI	15.9%	N/A
Gross savings, % of GDP	21.3%	17.2%
Gross capital formation, % of GDP	23.3%	23.4%
Total reserves including gold	$3.5B	N/A
Foreign direct investment net inflows	$774.6M	$9.8M

Exports, imports and economic structure

Stat	Jamaica	Marshall Islands
Exports of goods and services, % of GDP	38%	40.4%
Imports of goods and services, % of GDP	51.1%	85.3%
Current account balance (balance of payments)	-$287.6M	$53M
Revenue excluding grants, % of GDP	29.3%	32.2%
Grants excluding technical cooperation, BoP	$96.8M	$50.6M
Personal remittances received	$2.5B	$31.5M
Industry including construction value added, % of GDP	20.3%	12.8%
Agriculture, forestry and fishing value added, % of GDP	6.6%	15.2%
Charges for the use of intellectual property, payments BoP	$50.8M	N/A
Charges for the use of intellectual property, receipts BoP	$5.3M	N/A
Expense, % of GDP	26.7%	57.9%
Government Expenditure, % of GDP	29%	N/A