Madagascar vs the Marshall Islands: Economic Indicators Comparison

Madagascar with a GDP of $13.9B ranked the 130th largest economy in the world, while the Marshall Islands ranked 193rd with $221.3M. By GDP per capita, Madagascar and the Marshall Islands ranked 190th vs 123rd, respectively.

Gross Domestic Product & Income

Stat	Madagascar	Marshall Islands
GDP	$13.9B	$221.3M
GDP growth, 1 year	5.2%	3.62%
GDP growth, 5-years average	4%	N/A
Population	25.6M	53k
GDP per capita	$528	$3.8k
GDP per capita growth	1.81%	2.99%
Purchasing Power Parity conversion factor	929.9	0.95
Price level ratio of PPP conversion factor GDP to market exchange rate	0.28	0.95
GDP per capita, PPP adjusted	$1.6k	$4k
GNI, Atlas method	$13.3B	$283.7M
GNI per capita	$510	$4.9k
GNI, PPP adjusted	$48.2B	$297.6M
GNI per capita, PPP adjusted	$1.8k	$5.1k

Financial system and Human development

Stat	Madagascar	Marshall Islands
Income Tax Rate	20%	N/A
Corporate Tax Rate	20%	N/A
Inflation, consumer prices	7.3%	N/A
Inflation, GDP deflator	7.6%	0.3%
Unemployment	1.7%	4.7%
Economic Freedom Index	60.5	58
Personal Freedom Index	7.29	6.2
Human Freedom Index	6.69	6.2
Property Rights Index	45.6	N/A
Judical Effectiveness Index	39.6	N/A
Business Freedom Index	47.3	N/A
Fiscal Health Index	90.6	N/A
Labor Freedom Index	44.6	N/A
Investment Freedom Index	55	N/A
Financial Freedom Index	50	N/A
Trade Freedom Index	73.6	N/A
Monetary Freedom Index	72.7	N/A
Government Spending Index	91.5	N/A
Tax Burden Index	90.7	N/A
Government Integrity Index	25	N/A
Corruption Perceptions Index	25	64
Life expectancy at birth, years	66.3	65.2
Suicide mortality rate, per 100,000 people	3.9	1
Mortality caused by road traffic injury, per 100,000 people	28.6	5.7
Intentional homicides, per 100,000 people	7.7	4
International tourism, number of arrivals	291k	6.8k

Government debt & reserves

Stat	Madagascar	Marshall Islands
Central government debt, % of GDP	39.7%	48.9%
External debt stocks, % of GNI	31.8%	N/A
External debt stocks	$3.7B	N/A
Short-term debt, % of total reserves	15.6%	N/A
Total debt service, % of exports and primary income	2.7%	N/A
Adjusted net savings including particulate emission damage, % of GNI	7.7%	N/A
Gross savings, % of GDP	18.6%	17.2%
Gross capital formation, % of GDP	19.6%	23.4%
Total reserves including gold	$1.7B	N/A
Foreign direct investment net inflows	$612M	$9.8M

Exports, imports and economic structure

Stat	Madagascar	Marshall Islands
Exports of goods and services, % of GDP	28.7%	40.4%
Imports of goods and services, % of GDP	33.8%	85.3%
Current account balance (balance of payments)	$80.1M	$53M
Revenue excluding grants, % of GDP	11.4%	32.2%
Grants excluding technical cooperation, BoP	$373.7M	$50.6M
Personal remittances received	$425.5M	$31.5M
Industry including construction value added, % of GDP	23.1%	12.8%
Agriculture, forestry and fishing value added, % of GDP	23.8%	15.2%
Charges for the use of intellectual property, payments BoP	$17.1M	N/A
Charges for the use of intellectual property, receipts BoP	$4.5M	N/A
Expense, % of GDP	9.8%	57.9%
Government Expenditure, % of GDP	16.8%	N/A