Laos vs the Marshall Islands: Economic Indicators Comparison

Laos with a GDP of $18B ranked the 118th largest economy in the world, while the Marshall Islands ranked 193rd with $221.3M. By GDP per capita, Laos and the Marshall Islands ranked 140th vs 123rd, respectively.

Gross Domestic Product & Income

Stat	Laos	Marshall Islands
GDP	$18B	$221.3M
GDP growth, 1 year	6.5%	3.62%
GDP growth, 5-years average	7%	N/A
Population	6.9M	53k
GDP per capita	$2.5k	$3.8k
GDP per capita growth	4.62%	2.99%
Purchasing Power Parity conversion factor	2901.2	0.95
Price level ratio of PPP conversion factor GDP to market exchange rate	0.34	0.95
GDP per capita, PPP adjusted	$7.9k	$4k
GNI, Atlas method	$17.3B	$283.7M
GNI per capita	$2.5k	$4.9k
GNI, PPP adjusted	$50.1B	$297.6M
GNI per capita, PPP adjusted	$7.1k	$5.1k

Financial system and Human development

Stat	Laos	Marshall Islands
Income Tax Rate	24%	N/A
Corporate Tax Rate	24%	N/A
Inflation, consumer prices	2%	N/A
Inflation, GDP deflator	1.9%	0.3%
Unemployment	0.6%	4.7%
Economic Freedom Index	55.5	58
Personal Freedom Index	5.8	6.2
Human Freedom Index	6.2	6.2
Property Rights Index	42.5	N/A
Judical Effectiveness Index	37.3	N/A
Business Freedom Index	54.3	N/A
Fiscal Health Index	53.3	N/A
Labor Freedom Index	58.6	N/A
Investment Freedom Index	35	N/A
Financial Freedom Index	20	N/A
Trade Freedom Index	82	N/A
Monetary Freedom Index	76.8	N/A
Government Spending Index	86.6	N/A
Tax Burden Index	87	N/A
Government Integrity Index	32	N/A
Corruption Perceptions Index	29	64
Life expectancy at birth, years	67.3	65.2
Suicide mortality rate, per 100,000 people	8.6	1
Mortality caused by road traffic injury, per 100,000 people	16.6	5.7
Intentional homicides, per 100,000 people	7	4
International tourism, number of arrivals	3.8M	6.8k

Government debt & reserves

Stat	Laos	Marshall Islands
Central government debt, % of GDP	63%	48.9%
External debt stocks, % of GNI	90.2%	N/A
External debt stocks	$15.6B	N/A
Short-term debt, % of total reserves	41.2%	N/A
Total debt service, % of exports and primary income	14.6%	N/A
Adjusted net savings including particulate emission damage, % of GNI	-1.2%	N/A
Gross savings, % of GDP	17.6%	17.2%
Gross capital formation, % of GDP	29%	23.4%
Total reserves including gold	$980.4M	N/A
Foreign direct investment net inflows	$1.3B	$9.8M

Exports, imports and economic structure

Stat	Laos	Marshall Islands
Exports of goods and services, % of GDP	33.2%	40.4%
Imports of goods and services, % of GDP	41.9%	85.3%
Current account balance (balance of payments)	-$1.4B	$53M
Revenue excluding grants, % of GDP	N/A	32.2%
Grants excluding technical cooperation, BoP	$337.3M	$50.6M
Personal remittances received	$238.7M	$31.5M
Industry including construction value added, % of GDP	31.5%	12.8%
Agriculture, forestry and fishing value added, % of GDP	15.7%	15.2%
Charges for the use of intellectual property, payments BoP	N/A	N/A
Charges for the use of intellectual property, receipts BoP	N/A	N/A
Expense, % of GDP	N/A	57.9%
Government Expenditure, % of GDP	21.1%	N/A