Kiribati vs the Marshall Islands: Economic Indicators Comparison

The Marshall Islands with a GDP of $221.3M ranked the 193rd largest economy in the world, while Kiribati ranked 194th with $188.3M. By GDP per capita, the Marshall Islands and Kiribati ranked 123rd vs 156th, respectively.

Gross Domestic Product & Income

Stat	Kiribati	Marshall Islands
GDP	$188.3M	$221.3M
GDP growth, 1 year	2.3%	3.62%
GDP growth, 5-years average	3.5%	N/A
Population	116k	53k
GDP per capita	$1.6k	$3.8k
GDP per capita growth	0.51%	2.99%
Purchasing Power Parity conversion factor	0.95	0.95
Price level ratio of PPP conversion factor GDP to market exchange rate	0.71	0.95
GDP per capita, PPP adjusted	$2.1k	$4k
GNI, Atlas method	$363.8M	$283.7M
GNI per capita	$3.1k	$4.9k
GNI, PPP adjusted	$511.5M	$297.6M
GNI per capita, PPP adjusted	$4.4k	$5.1k

Financial system and Human development

Stat	Kiribati	Marshall Islands
Income Tax Rate	35%	N/A
Corporate Tax Rate	35%	N/A
Inflation, consumer prices	1.9%	N/A
Inflation, GDP deflator	2%	0.3%
Unemployment	30.6%	4.7%
Economic Freedom Index	45.2	58
Personal Freedom Index	4.8	6.2
Human Freedom Index	4.2	6.2
Property Rights Index	47.5	N/A
Judical Effectiveness Index	34.2	N/A
Business Freedom Index	40.6	N/A
Fiscal Health Index	99	N/A
Labor Freedom Index	62.9	N/A
Investment Freedom Index	25	N/A
Financial Freedom Index	30	N/A
Trade Freedom Index	23.8	N/A
Monetary Freedom Index	82.2	N/A
Government Spending Index	0	N/A
Tax Burden Index	72.4	N/A
Government Integrity Index	24.3	N/A
Corruption Perceptions Index	40	64
Life expectancy at birth, years	67.9	65.2
Suicide mortality rate, per 100,000 people	14.4	1
Mortality caused by road traffic injury, per 100,000 people	4.4	5.7
Intentional homicides, per 100,000 people	7.5	4
International tourism, number of arrivals	7.1k	6.8k

Government debt & reserves

Stat	Kiribati	Marshall Islands
Central government debt, % of GDP	21.9%	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	N/A	N/A
Gross savings, % of GDP	96%	17.2%
Gross capital formation, % of GDP	40%	23.4%
Total reserves including gold	N/A	N/A
Foreign direct investment net inflows	$591k	$9.8M

Exports, imports and economic structure

Stat	Kiribati	Marshall Islands
Exports of goods and services, % of GDP	13.2%	40.4%
Imports of goods and services, % of GDP	92%	85.3%
Current account balance (balance of payments)	$70.5M	$53M
Revenue excluding grants, % of GDP	100.5%	32.2%
Grants excluding technical cooperation, BoP	$50.7M	$50.6M
Personal remittances received	$18M	$31.5M
Industry including construction value added, % of GDP	12.4%	12.8%
Agriculture, forestry and fishing value added, % of GDP	30.8%	15.2%
Charges for the use of intellectual property, payments BoP	N/A	N/A
Charges for the use of intellectual property, receipts BoP	$13.4M	N/A
Expense, % of GDP	77.4%	57.9%
Government Expenditure, % of GDP	125.7%	N/A