Luxembourg vs the Marshall Islands: Economic Indicators Comparison

Luxembourg with a GDP of $70.9B ranked the 72nd largest economy in the world, while the Marshall Islands ranked 193rd with $221.3M. By GDP per capita, Luxembourg and the Marshall Islands ranked 3rd vs 123rd, respectively.

Gross Domestic Product & Income

Stat	Luxembourg	Marshall Islands
GDP	$70.9B	$221.3M
GDP growth, 1 year	3%	3.62%
GDP growth, 5-years average	3%	N/A
Population	626k	53k
GDP per capita	$117k	$3.8k
GDP per capita growth	1.18%	2.99%
Purchasing Power Parity conversion factor	0.87	0.95
Price level ratio of PPP conversion factor GDP to market exchange rate	1.03	0.95
GDP per capita, PPP adjusted	$107k	$4k
GNI, Atlas method	$43.1B	$283.7M
GNI per capita	$71k	$4.9k
GNI, PPP adjusted	$43.9B	$297.6M
GNI per capita, PPP adjusted	$72k	$5.1k

Financial system and Human development

Stat	Luxembourg	Marshall Islands
Income Tax Rate	42%	N/A
Corporate Tax Rate	18%	N/A
Inflation, consumer prices	2%	N/A
Inflation, GDP deflator	2.5%	0.3%
Unemployment	5.5%	4.7%
Economic Freedom Index	75.8	58
Personal Freedom Index	9.1	6.2
Human Freedom Index	8.46	6.2
Property Rights Index	86.4	N/A
Judical Effectiveness Index	74.4	N/A
Business Freedom Index	66.8	N/A
Fiscal Health Index	99	N/A
Labor Freedom Index	45.3	N/A
Investment Freedom Index	95	N/A
Financial Freedom Index	80	N/A
Trade Freedom Index	86.4	N/A
Monetary Freedom Index	76.4	N/A
Government Spending Index	45.4	N/A
Tax Burden Index	64.1	N/A
Government Integrity Index	90.3	N/A
Corruption Perceptions Index	81	64
Life expectancy at birth, years	82.7	65.2
Suicide mortality rate, per 100,000 people	13.5	1
Mortality caused by road traffic injury, per 100,000 people	6.3	5.7
Intentional homicides, per 100,000 people	0.3	4
International tourism, number of arrivals	1M	6.8k

Government debt & reserves

Stat	Luxembourg	Marshall Islands
Central government debt, % of GDP	21.8%	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	20.9%	N/A
Gross savings, % of GDP	17.4%	17.2%
Gross capital formation, % of GDP	17.6%	23.4%
Total reserves including gold	$938.9M	N/A
Foreign direct investment net inflows	-$5.6B	$9.8M

Exports, imports and economic structure

Stat	Luxembourg	Marshall Islands
Exports of goods and services, % of GDP	211.6%	40.4%
Imports of goods and services, % of GDP	175.5%	85.3%
Current account balance (balance of payments)	$3.4B	$53M
Revenue excluding grants, % of GDP	40.9%	32.2%
Grants excluding technical cooperation, BoP	N/A	$50.6M
Personal remittances received	$2.1B	$31.5M
Industry including construction value added, % of GDP	11.8%	12.8%
Agriculture, forestry and fishing value added, % of GDP	0.2%	15.2%
Charges for the use of intellectual property, payments BoP	$5B	N/A
Charges for the use of intellectual property, receipts BoP	$2.4B	N/A
Expense, % of GDP	38.7%	57.9%
Government Expenditure, % of GDP	42.7%	N/A