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Economy of Kyrgyzstan vs Marshall Islands compared: GDP & Debt

Updated on by Georank team

Kyrgyzstan has a GDP of $17.5B compared to $280M for the Marshall Islands, ranking 135/197 and 194/197 by economy size, respectively.

Kyrgyzstan has $6.4B in government debt (38.5% of GDP), compared to $46.8M (15.3% of GDP) in the Marshall Islands.

The chart below compares the two countries' GDP growth in both current (nominal) and constant dollars, accounting for inflation over time.

Kyrgyzstan
GDP, current $

GDP, constant 2015 $
Marshall Islands
GDP, current $

GDP, constant 2015 $
Year GDP
Kyrgyzstan Marshall Islands
Current $ Constant $ Current $ Constant $
1970 - - $8,408,486 $45,931,280
1971 - - $9,116,810 $46,992,252
1972 - - $9,973,652 $47,500,634
1973 - - $11,607,366 $63,614,160
1974 - - $15,217,532 $73,361,848
1975 - - $16,691,301 $73,406,056
1976 - - $18,153,647 $73,671,297
1977 - - $20,210,069 $75,461,688
1978 - - $22,209,370 $79,705,581
1979 - - $25,545,346 $81,407,557
1980 - - $26,710,653 $75,550,102
1981 - - $31,020,000 $80,412,894
1982 - - $34,918,000 $84,297,825
1983 - - $41,749,000 $97,370,735
1984 - - $45,144,000 $101,135,112
1985 - - $43,879,000 $94,806,793
1986 - $4,159,487,047 $55,989,000 $118,074,749
1987 - $4,296,748,804 $62,983,000 $129,130,978
1988 - $4,863,920,938 $70,688,000 $139,189,050
1989 - $4,999,612,218 $72,798,000 $136,834,516
1990 $2,660,202,623 $5,284,729,935 $78,476,000 $140,496,545
1991 $2,542,256,424 $4,864,914,940 $82,507,000 $140,619,900
1992 $2,315,346,943 $4,191,715,901 $91,063,000 $150,661,400
1993 $2,026,019,253 $3,543,704,782 $99,461,000 $159,710,500
1994 $1,681,780,847 $2,831,946,048 $108,071,000 $169,097,800
1995 $1,661,147,035 $2,678,346,337 $120,230,000 $182,986,300
1996 $1,827,570,586 $2,868,093,848 $110,858,000 $164,133,300
1997 $1,767,864,036 $3,152,472,635 $109,884,700 $153,553,800
1998 $1,645,963,750 $3,219,362,911 $112,070,100 $152,518,700
1999 $1,249,061,487 $3,337,056,039 $113,352,100 $150,483,000
2000 $1,369,688,498 $3,518,703,233 $114,838,500 $154,176,500
2001 $1,525,116,370 $3,705,955,298 $122,406,100 $164,861,000
2002 $1,605,643,105 $3,705,313,255 $131,960,000 $170,855,000
2003 $1,919,008,090 $3,965,807,641 $131,128,500 $168,186,800
2004 $2,211,534,585 $4,244,477,505 $132,900,000 $167,500,000
2005 $2,460,246,766 $4,237,027,793 $138,000,000 $170,500,000
2006 $2,834,168,889 $4,368,498,476 $143,200,000 $170,800,000
2007 $3,802,570,553 $4,741,693,830 $150,500,000 $177,100,000
2008 $5,139,958,909 $5,140,072,740 $146,600,000 $163,700,000
2009 $4,690,061,381 $5,288,430,380 $151,200,000 $169,700,000
2010 $4,794,361,863 $5,263,491,909 $161,100,000 $179,100,000
2011 $6,197,765,984 $5,576,999,925 $172,300,000 $178,200,000
2012 $6,605,142,884 $5,572,083,788 $180,700,000 $175,900,000
2013 $7,335,033,801 $6,180,302,892 $186,400,000 $182,600,000
2014 $7,468,102,413 $6,429,000,668 $186,000,000 $180,300,000
2015 $6,678,177,512 $6,678,177,512 $183,700,000 $183,700,000
2016 $6,813,095,379 $6,967,733,667 $201,800,000 $188,300,000
2017 $7,702,938,379 $7,297,999,869 $213,700,000 $195,000,000
2018 $8,271,106,235 $7,572,252,145 $220,000,000 $205,700,000
2019 $9,371,275,264 $7,920,623,120 $232,900,000 $227,200,000
2020 $8,270,468,614 $7,354,379,549 $241,800,000 $220,900,000
2021 $9,249,133,946 $7,759,385,792 $258,900,000 $223,600,000
2022 $12,134,931,018 $8,455,209,117 $253,400,000 $221,100,000
2023 $15,180,842,369 $9,217,301,874 $259,300,000 $212,400,000
2024 $17,478,259,659 $10,050,558,458 $280,357,844 $218,285,536

Economic indicators

Kyrgyzstan Marshall Islands
Gross domestic product
$17.5B
2024
$280M
2024
GDP rank
135/197
2024
194/197
2024
GDP growth
15.1%
2023-2024
8.12%
2023-2024
GDP per capita
$2,419
2024
$7,467
2024
GDP per capita rank
149/197
2024
100/197
2024
GDP per capita, PPP
$8,009
2024
$8,198
2024
Government debt
$6.4B
2024
$46.8M
2024
Debt-to-GDP ratio
38.5%
2025
15.3%
2025
Government debt per person
$887
2024
$1,245
2024
Government debt per person rank
145/185
2024
136/185
2024
Average annual personal income after taxes
$4,925
2025
$5,868
2025
Income share by richest 10%
23%
2023
27.5%
2019
Income share by poorest 10%
4.3%
2023
2.8%
2019
Government expenditure, % of GDP
35.5%
2025
71.9%
2025
Consumer prices inflation
8%
2024-2025
5.2%
2024-2025
Central bank interest rate
9.25%
2024
n/a
Unemployment rate
3.5%
2023
9.82%
2021
Population
7419369
36281

GDP per capita in Kyrgyzstan vs Marshall Islands

Kyrgyzstan's GDP per capita is $2,419, ranking 149/197, compared to $7,467 in the Marshall Islands, ranking 100/197. Adjusted for purchasing power (GDP per capita PPP), Kyrgyzstan ranks 139th at $8,009, while the Marshall Islands ranks 137th at $8,198.

Kyrgyzstan
GDP per capita

GDP per capita, PPP
Marshall Islands
GDP per capita

GDP per capita, PPP
Year Current $
Kyrgyzstan Marshall Islands
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
1970 - - $373 -
1971 - - $390 -
1972 - - $416 -
1973 - - $472 -
1974 - - $602 -
1975 - - $638 -
1976 - - $672 -
1977 - - $724 -
1978 - - $771 -
1979 - - $859 -
1980 - - $868 -
1981 - - $969 -
1982 - - $1,046 -
1983 - - $1,199 -
1984 - - $1,245 -
1985 - - $1,162 -
1986 - - $1,425 -
1987 - - $1,543 -
1988 - - $1,670 -
1989 - - $1,670 -
1990 $606 $2,544 $1,758 $2,102
1991 $570 $2,382 $1,811 $2,131
1992 $513 $2,075 $1,963 $2,293
1993 $449 $1,795 $2,112 $2,452
1994 $372 $1,466 $2,265 $2,617
1995 $364 $1,401 $2,491 $2,858
1996 $395 $1,505 $2,273 $2,583
1997 $376 $1,659 $2,231 $2,434
1998 $345 $1,687 $2,254 $2,422
1999 $258 $1,747 $2,258 $2,400
2000 $279.6 $1,862 $2,265 $2,490
2001 $308 $1,986 $2,394 $2,700
2002 $322 $1,998 $2,566 $2,825
2003 $381 $2,158 $2,539 $2,824
2004 $433 $2,343 $2,566 $2,880
2005 $477 $2,386 $2,659 $3,017
2006 $543 $2,508 $2,754 $3,110
2007 $722 $2,770 $2,892 $3,309
2008 $966 $3,031 $2,818 $3,118
2009 $870 $3,097 $2,907 $3,253
2010 $877 $3,076 $3,095 $3,473
2011 $1,117 $3,278 $3,319 $3,537
2012 $1,169 $3,589 $3,514 $3,590
2013 $1,270 $4,001 $3,678 $3,845
2014 $1,265 $4,228 $3,735 $3,931
2015 $1,106 $4,153 $3,764 $4,125
2016 $1,103 $4,604 $4,230 $4,366
2017 $1,221 $4,954 $4,593 $4,719
2018 $1,284 $4,778 $4,858 $5,232
2019 $1,422 $5,304 $5,292 $6,045
2020 $1,230 $5,179 $5,662 $6,137
2021 $1,350 $5,736 $6,259 $6,706
2022 $1,740 $6,578 $6,323 $7,332
2023 $2,138 $7,298 $6,678 $7,532
2024 $2,419 $8,009 $7,467 $8,198

Spending and national debt comparison

In 2024, Kyrgyzstan's government spending was $5.89B, accounting for 35.5% of its GDP, while the Marshall Islands' spent $201M, or 71.9% of GDP.

Debt-to-GDP ratio is 38.5% in Kyrgyzstan and 15.3% in the Marshall Islands, ranking 139/185 and 176/185, respectively.

Kyrgyzstan
Government spending

Government debt
Marshall Islands
Government spending

Government debt
Year % of GDP
Kyrgyzstan Marshall Islands
Government spending Government debt Government spending Government debt
1995 37.9% 52.4% - -
1996 28.6% 57.7% - -
1997 31.1% 64.8% 55% 8.73%
1998 35.9% 85.1% 50.5% 18.1%
1999 35.9% 119.6% 48.7% 26.1%
2000 30.2% 123.3% 56.5% 27.3%
2001 28.1% 108.2% 58.8% 32.7%
2002 29.3% 107.9% 55.2% 37.2%
2003 28.1% 108.2% 52.9% 43.7%
2004 28.5% 92.7% 54.5% 46.8%
2005 29.1% 85.7% 85.3% 45.8%
2006 29.1% 73.4% 61.2% 44.4%
2007 29.6% 57.7% 67.2% 42.2%
2008 27.9% 49% 64.3% 44.1%
2009 32.5% 58.5% 63.1% 41.2%
2010 37.1% 59.7% 59.2% 38.8%
2011 37.4% 50.1% 55.9% 35.9%
2012 40.6% 50.5% 53.2% 37.6%
2013 38.1% 47.1% 55% 33.4%
2014 38.5% 53.6% 49.2% 34.9%
2015 38.1% 67.1% 56.3% 33.9%
2016 38.9% 59.1% 56.8% 29.2%
2017 37% 58.8% 63.7% 26.5%
2018 33.1% 54.8% 60.5% 24.7%
2019 30.8% 48.8% 65.5% 25.1%
2020 32.1% 63.6% 67.8% 21.7%
2021 32.1% 56.2% 69.8% 20.1%
2022 35% 46.8% 67.7% 19.8%
2023 32.9% 42% 66% 18.7%
2024 33.7% 36.6% 71.8% 16.7%
2025 35.5% 38.5% 71.9% 15.3%

Government deficit by year

In 2024, Kyrgyzstan's government surplus, the difference between spending and revenue, was $327M, equivalent to 1.87% of GDP. This compares to the Marshall Islands' surplus of $1.65M, or 0.59% of GDP.

Over the past 28 years, Kyrgyzstan recorded a fiscal deficit in 23 of those years, while the Marshall Islands ran a deficit in 5 years. On average, Kyrgyzstan posted an annual deficit equal to -3.82% of GDP, compared to surplus of +2.43% of GDP for the Marshall Islands.

Deficit/surplus
Kyrgyzstan

Marshall Islands
Year Deficit/surplus, % of GDP
Kyrgyzstan Marshall Islands
1995 -13.5% -
1996 -9.1% -
1997 -9.3% 7.91%
1998 -12% 13.5%
1999 -13.5% 9.01%
2000 -10.7% 7.84%
2001 -6.75% 7.83%
2002 -5.9% 5.12%
2003 -5.17% 10.5%
2004 -4.89% -1.6%
2005 -3.79% -22.3%
2006 -2.1% 0.24%
2007 1.28% 0.27%
2008 1.92% 3.68%
2009 0.38% 1.51%
2010 -5.95% 3.51%
2011 -4.7% 2.13%
2012 -5.86% -0.76%
2013 -3.7% -0.23%
2014 -3.07% 3.2%
2015 -2.52% 2.81%
2016 -5.79% 3.88%
2017 -3.73% 4.38%
2018 -0.59% 2.55%
2019 -0.07% -1.8%
2020 -3.06% 2.54%
2021 -0.71% 0.18%
2022 -0.29% 0.68%
2023 1.59% 0.69%
2024 1.87% 0.59%
2025 -3.4% 0.51%

Inflation comparison by year

Over the past 22 years, Kyrgyzstan has recorded an average annual inflation rate of 7.53%, compared with 2.83% in the Marshall Islands. In 2025, inflation was 8% in Kyrgyzstan and 5.2% in the Marshall Islands.

Inflation
Kyrgyzstan

Marshall Islands
Year Inflation
Kyrgyzstan Marshall Islands Kyrgyzstan Marshall Islands
1996 31.9% -
1997 23.4% -
1998 10.5% -
1999 35.9% -
2000 19.7% -
2001 6.9% -
2002 2.1% -
2003 3% -
2004 4.1% 2%
2005 4.3% 3.5%
2006 5.6% 5.3%
2007 10.2% 2.6%
2008 24.5% 14.7%
2009 6.8% 0.5%
2010 8% 1.8%
2011 16.6% 5.4%
2012 2.8% 4.3%
2013 6.6% 1.9%
2014 7.5% 1.1%
2015 6.5% -2.2%
2016 0.4% -1.5%
2017 3.2% 0.1%
2018 1.5% 0.8%
2019 1.1% -0.1%
2020 6.3% -0.7%
2021 11.9% 2.2%
2022 13.9% 2.8%
2023 10.8% 7.4%
2024 5% 5.2%
2025 8% 5.2%

Balance of trade

Kyrgyzstan Marshall Islands
Current account balance
-$5.18B
2022
$76.3M
2021
Current account balance ranking
167/189
2022
69/189
2021
Current account balance, % of GDP
-42.7%
2022
+29.5%
2021
Goods imports
$9.17B
2022
$133M
2021
Goods exports
$2.25B
2022
$121M
2021
Service imports
$1.48B
2022
$73.1M
2021
Service exports
$1.37B
2022
$9.44M
2021
Imports of goods and services, % of GDP
95.5%
2023
71.2%
2023
Exports of goods and services, % of GDP
36.9%
2023
38.9%
2023

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Kyrgyzstan Marshall Islands
Economic freedom 55.6 58
Economic freedom ranking 127/197 110/197
Property rights 21.7 n/a
Government integrity 23.3 n/a
Judicial effectiveness 10.2 n/a
Tax burden 92.5 n/a
Government spending 64.8 n/a
Fiscal health 95.9 n/a
Business freedom 58.7 n/a
Labor freedom 52.9 n/a
Monetary freedom 63.4 n/a
Trade freedom 73.6 n/a
Investment freedom 60 n/a
Financial freedom 50 n/a

More economic indicators

Kyrgyzstan Marshall Islands
Services, % of GDP
52.1%
2024
70.5%
2023
Industry, % of GDP
24.7%
2024
11.1%
2023
Agriculture, forestry, and fishing, % of GDP
8.61%
2024
19.5%
2023
GNI, Atlas method
$15.5B
2024
$315M
2024
GNI per capita, PPP
$7,740
2024
$9,720
2024
Total reserves including gold
$5.09B
2024
n/a
Total reserves ranking
100/177
2024
n/a
Net foreign direct investment
-$509M
2022
-$499K
2021
Net inflows of foreign direct investment
$705M
2024
$1.7M
2024
Net outflows of foreign direct investment
$20M
2024
$2.94M
2006
Servicing debt to the IMF, % of GNI
7.87%
2023
n/a
Poverty at national poverty lines
25.7%
2024
7.2%
2019
Gross capital formation, % of GDP
34.5%
2023
19.7%
2023

GDP per capita map

GDP per capita

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The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.