The Marshall Islands has a GDP of $290M compared to $1.86T for Mexico, ranking 193/197 and 13/197 by economy size, respectively.
The Marshall Islands has $48.4M in government debt (14.2% of GDP), compared to $1.08T (61.1% of GDP) in Mexico.
The chart below compares the two countries' GDP growth in both current (nominal) and constant dollars, accounting for inflation over time.
| Year | GDP | |||
|---|---|---|---|---|
Marshall Islands
|
Mexico
|
|||
| Current $ | Constant $ | Current $ | Constant $ | |
| 1960 | - | - | $13,040,000,000 | $152,252,652,597 |
| 1961 | - | - | $14,160,000,000 | $159,865,285,228 |
| 1962 | - | - | $15,200,000,000 | $167,322,065,048 |
| 1963 | - | - | $16,960,000,000 | $180,886,675,667 |
| 1964 | - | - | $20,080,000,000 | $202,422,104,046 |
| 1965 | - | - | $21,840,000,000 | $216,794,073,428 |
| 1966 | - | - | $24,320,000,000 | $230,010,142,144 |
| 1967 | - | - | $26,560,000,000 | $243,477,063,181 |
| 1968 | - | - | $29,360,000,000 | $266,420,585,703 |
| 1969 | - | - | $32,480,000,000 | $275,528,493,192 |
| 1970 | $8,408,486 | $45,931,280 | $35,520,000,000 | $293,444,689,473 |
| 1971 | $9,116,810 | $46,992,252 | $39,200,000,000 | $304,485,451,088 |
| 1972 | $9,973,652 | $47,500,634 | $45,200,000,000 | $329,540,972,152 |
| 1973 | $11,607,366 | $63,614,160 | $55,280,000,000 | $355,446,582,963 |
| 1974 | $15,217,532 | $73,361,848 | $72,000,000,000 | $375,980,117,957 |
| 1975 | $16,691,301 | $73,406,056 | $88,000,000,000 | $397,578,239,619 |
| 1976 | $18,153,647 | $73,671,297 | $88,875,923,765 | $415,141,036,252 |
| 1977 | $20,210,069 | $75,461,688 | $81,912,018,784 | $429,216,973,065 |
| 1978 | $22,209,370 | $79,705,581 | $102,648,570,299 | $467,661,689,804 |
| 1979 | $25,545,346 | $81,407,557 | $134,531,900,899 | $513,016,316,147 |
| 1980 | $26,710,653 | $75,550,102 | $205,577,055,466 | $557,939,217,935 |
| 1981 | $31,020,000 | $80,412,894 | $263,797,827,860 | $611,422,385,105 |
| 1982 | $34,918,000 | $84,297,825 | $184,602,611,610 | $611,119,202,966 |
| 1983 | $41,749,000 | $97,370,735 | $156,167,000,433 | $582,860,269,033 |
| 1984 | $45,144,000 | $101,135,112 | $184,230,754,105 | $603,338,559,533 |
| 1985 | $43,879,000 | $94,806,793 | $195,241,069,482 | $614,917,928,412 |
| 1986 | $55,989,000 | $118,074,749 | $134,556,034,673 | $590,751,900,359 |
| 1987 | $62,983,000 | $129,130,978 | $147,542,558,209 | $602,941,257,830 |
| 1988 | $70,688,000 | $139,189,050 | $181,611,150,497 | $610,286,657,410 |
| 1989 | $72,798,000 | $136,834,516 | $221,403,098,267 | $632,412,287,308 |
| 1990 | $78,476,000 | $140,496,545 | $261,253,675,693 | $665,614,206,223 |
| 1991 | $82,507,000 | $140,619,900 | $313,139,656,146 | $692,078,394,538 |
| 1992 | $91,063,000 | $150,661,400 | $363,157,832,924 | $716,775,997,862 |
| 1993 | $99,461,000 | $159,710,500 | $530,160,763,663 | $737,325,961,811 |
| 1994 | $108,071,000 | $169,097,800 | $553,618,247,901 | $769,725,007,522 |
| 1995 | $120,230,000 | $182,986,300 | $380,157,469,867 | $724,231,953,300 |
| 1996 | $110,858,000 | $164,133,300 | $432,157,945,024 | $769,266,848,274 |
| 1997 | $109,884,700 | $153,553,800 | $523,449,530,464 | $824,645,415,966 |
| 1998 | $112,070,100 | $152,518,700 | $557,461,102,631 | $875,650,385,843 |
| 1999 | $113,352,100 | $150,483,000 | $631,249,359,702 | $899,774,820,110 |
| 2000 | $114,838,500 | $154,176,500 | $742,061,329,749 | $945,027,051,118 |
| 2001 | $122,406,100 | $164,861,000 | $796,064,590,549 | $940,766,441,516 |
| 2002 | $131,960,000 | $170,855,000 | $810,666,116,402 | $938,540,700,989 |
| 2003 | $131,128,500 | $168,186,800 | $765,549,967,703 | $949,667,522,096 |
| 2004 | $132,900,000 | $167,500,000 | $819,459,227,375 | $983,527,357,382 |
| 2005 | $138,000,000 | $170,500,000 | $917,571,853,529 | $1,004,311,720,994 |
| 2006 | $143,200,000 | $170,800,000 | $1,020,265,057,882 | $1,052,569,035,046 |
| 2007 | $150,500,000 | $177,100,000 | $1,102,355,554,972 | $1,074,439,987,409 |
| 2008 | $146,600,000 | $163,700,000 | $1,161,553,459,715 | $1,084,575,522,160 |
| 2009 | $151,200,000 | $169,700,000 | $943,437,415,025 | $1,016,298,775,551 |
| 2010 | $161,100,000 | $179,100,000 | $1,105,424,238,731 | $1,066,822,388,049 |
| 2011 | $172,300,000 | $178,200,000 | $1,229,013,703,417 | $1,103,564,231,782 |
| 2012 | $180,700,000 | $175,900,000 | $1,255,110,424,818 | $1,142,776,194,808 |
| 2013 | $186,400,000 | $182,600,000 | $1,327,436,290,283 | $1,152,513,808,585 |
| 2014 | $186,000,000 | $180,300,000 | $1,364,507,717,614 | $1,181,370,028,690 |
| 2015 | $183,700,000 | $183,700,000 | $1,213,294,467,717 | $1,213,294,467,717 |
| 2016 | $201,800,000 | $188,300,000 | $1,112,233,497,453 | $1,234,800,030,120 |
| 2017 | $213,700,000 | $195,000,000 | $1,190,721,475,906 | $1,257,912,134,612 |
| 2018 | $220,000,000 | $205,700,000 | $1,256,300,182,880 | $1,282,719,194,578 |
| 2019 | $232,900,000 | $227,200,000 | $1,304,106,203,902 | $1,277,682,078,094 |
| 2020 | $241,800,000 | $220,900,000 | $1,121,064,767,308 | $1,170,944,075,446 |
| 2021 | $261,245,544 | $225,670,074 | $1,316,569,466,686 | $1,241,768,434,200 |
| 2022 | $258,723,511 | $224,089,111 | $1,466,934,724,293 | $1,287,835,026,750 |
| 2023 | $263,761,322 | $212,866,913 | $1,798,317,581,487 | $1,331,023,107,620 |
| 2024 | $290,108,490 | $218,192,688 | $1,856,365,616,166 | $1,350,022,500,029 |
Economic indicators
|
Marshall Islands
|
Mexico
|
|
|---|---|---|
| Gross domestic product |
$290M
2024 |
$1.86T
2024 |
| GDP rank |
193/197
2024 |
13/197
2024 |
| GDP growth |
9.99%
2023-2024 |
3.23%
2023-2024 |
| GDP per capita |
$7,726
2024 |
$14,186
2024 |
| GDP per capita rank |
96/197
2024 |
69/197
2024 |
| GDP per capita, PPP |
$8,195
2024 |
$25,739
2024 |
| Government debt |
$48.4M
2024 |
$1.08T
2024 |
| Debt-to-GDP ratio |
14.2%
2026 |
61.1%
2026 |
| Government debt per person |
$1,289
2024 |
$8,288
2024 |
| Government debt per person rank |
136/185
2024 |
64/185
2024 |
| Average annual personal income after taxes |
$5,868
2026 |
$9,601
2026 |
| Market capitalization of domestic companies | n/a |
$418B
2024 |
| Number of millionaires | n/a |
331,538
2024 |
| Number of billionaires | n/a |
22
2025 |
| Income share by richest 10% |
27.5%
2019 |
34.4%
2022 |
| Income share by poorest 10% |
2.8%
2019 |
2.1%
2022 |
| Government expenditure, % of GDP |
77.4%
2026 |
27.6%
2026 |
| Consumer prices inflation |
5.9%
2025-2026 |
4.72%
2023-2024 |
| Central bank interest rate | n/a |
7.75%
2025 |
| Unemployment rate |
9.82%
2021 |
2.62%
2024 |
| Population |
35078
|
133008812
|
GDP per capita in Marshall Islands vs Mexico
The Marshall Islands' GDP per capita is $7,726, ranking 96/197, compared to $14,186 in Mexico, ranking 69/197. Adjusted for purchasing power (GDP per capita PPP), the Marshall Islands ranks 139th at $8,195, while Mexico ranks 81st at $25,739.
| Year | Current $ | |||
|---|---|---|---|---|
|
Marshall Islands
|
Mexico
|
|||
| GDP per capita | GDP per capita, PPP | GDP per capita | GDP per capita, PPP | |
| 1960 | - | - | $355 | - |
| 1961 | - | - | $374 | - |
| 1962 | - | - | $388 | - |
| 1963 | - | - | $420 | - |
| 1964 | - | - | $481 | - |
| 1965 | - | - | $506 | - |
| 1966 | - | - | $545 | - |
| 1967 | - | - | $576 | - |
| 1968 | - | - | $616 | - |
| 1969 | - | - | $660 | - |
| 1970 | $373 | - | $699 | - |
| 1971 | $390 | - | $748 | - |
| 1972 | $416 | - | $837 | - |
| 1973 | $472 | - | $993 | - |
| 1974 | $602 | - | $1,256 | - |
| 1975 | $638 | - | $1,492 | - |
| 1976 | $672 | - | $1,465 | - |
| 1977 | $724 | - | $1,315 | - |
| 1978 | $771 | - | $1,604 | - |
| 1979 | $859 | - | $2,049 | - |
| 1980 | $868 | - | $3,055 | - |
| 1981 | $969 | - | $3,829 | - |
| 1982 | $1,046 | - | $2,621 | - |
| 1983 | $1,199 | - | $2,170 | - |
| 1984 | $1,245 | - | $2,506 | - |
| 1985 | $1,162 | - | $2,602 | - |
| 1986 | $1,425 | - | $1,757 | - |
| 1987 | $1,543 | - | $1,888 | - |
| 1988 | $1,670 | - | $2,279 | - |
| 1989 | $1,670 | - | $2,725 | - |
| 1990 | $1,758 | $2,102 | $3,154 | $8,578 |
| 1991 | $1,811 | $2,131 | $3,709 | $9,079 |
| 1992 | $1,963 | $2,293 | $4,221 | $9,470 |
| 1993 | $2,112 | $2,452 | $6,048 | $9,041 |
| 1994 | $2,265 | $2,617 | $6,202 | $9,466 |
| 1995 | $2,491 | $2,858 | $4,184 | $8,933 |
| 1996 | $2,273 | $2,583 | $4,674 | $9,496 |
| 1997 | $2,231 | $2,434 | $5,567 | $10,183 |
| 1998 | $2,254 | $2,422 | $5,833 | $10,756 |
| 1999 | $2,258 | $2,400 | $6,500 | $11,031 |
| 2000 | $2,265 | $2,490 | $7,524 | $11,704 |
| 2001 | $2,394 | $2,700 | $7,953 | $11,739 |
| 2002 | $2,566 | $2,825 | $7,983 | $11,762 |
| 2003 | $2,539 | $2,824 | $7,434 | $12,066 |
| 2004 | $2,566 | $2,880 | $7,850 | $12,658 |
| 2005 | $2,659 | $3,017 | $8,672 | $13,260 |
| 2006 | $2,754 | $3,110 | $9,513 | $14,542 |
| 2007 | $2,892 | $3,309 | $10,134 | $15,032 |
| 2008 | $2,818 | $3,118 | $10,524 | $15,681 |
| 2009 | $2,907 | $3,253 | $8,424 | $15,193 |
| 2010 | $3,095 | $3,473 | $9,729 | $15,909 |
| 2011 | $3,319 | $3,537 | $10,664 | $17,267 |
| 2012 | $3,514 | $3,590 | $10,744 | $18,005 |
| 2013 | $3,678 | $3,845 | $11,217 | $18,170 |
| 2014 | $3,735 | $3,931 | $11,391 | $18,821 |
| 2015 | $3,764 | $4,125 | $10,021 | $19,075 |
| 2016 | $4,230 | $4,366 | $9,098 | $20,105 |
| 2017 | $4,593 | $4,719 | $9,649 | $20,489 |
| 2018 | $4,858 | $5,232 | $10,085 | $20,921 |
| 2019 | $5,292 | $6,045 | $10,370 | $20,964 |
| 2020 | $5,662 | $6,137 | $8,841 | $19,354 |
| 2021 | $6,315 | $6,768 | $10,314 | $20,783 |
| 2022 | $6,456 | $7,431 | $11,406 | $23,387 |
| 2023 | $6,793 | $7,549 | $13,861 | $24,917 |
| 2024 | $7,726 | $8,195 | $14,186 | $25,739 |
Spending and national debt comparison
In 2024, the Marshall Islands' government spending was $208M, accounting for 77.4% of its GDP, while Mexico's spent $564B, or 27.6% of GDP.
Debt-to-GDP ratio is 14.2% in the Marshall Islands and 61.1% in Mexico, ranking 176/185 and 79/185, respectively.
| Year | % of GDP | |||
|---|---|---|---|---|
|
Marshall Islands
|
Mexico
|
|||
| Government spending | Government debt | Government spending | Government debt | |
| 1960 | - | - | 9.5% | 4.58% |
| 1961 | - | - | 8.01% | 4.38% |
| 1962 | - | - | 8.26% | 4.2% |
| 1963 | - | - | 8.51% | 4.13% |
| 1964 | - | - | 9.21% | 6.22% |
| 1965 | - | - | 10.7% | 9.99% |
| 1966 | - | - | 11.6% | 5.14% |
| 1967 | - | - | 10.4% | 8.22% |
| 1968 | - | - | 10.9% | 7.85% |
| 1969 | - | - | 11.8% | 10.7% |
| 1970 | - | - | 10.9% | 17.1% |
| 1971 | - | - | 10.6% | 17% |
| 1972 | - | - | 11.9% | 17.9% |
| 1973 | - | - | 12.7% | 20% |
| 1974 | - | - | 13.8% | 21.7% |
| 1975 | - | - | 14.7% | 24.4% |
| 1976 | - | - | 15.5% | 31.3% |
| 1977 | - | - | 15.5% | 41.5% |
| 1978 | - | - | 15.7% | 39% |
| 1979 | - | - | 16.5% | 35.8% |
| 1980 | - | - | 17.5% | 31.4% |
| 1981 | - | - | 20.1% | 41.7% |
| 1982 | - | - | 24.7% | 29.8% |
| 1983 | - | - | 21.6% | 25.3% |
| 1984 | - | - | 19.8% | 25.2% |
| 1985 | - | - | 21.4% | 30.4% |
| 1986 | - | - | 25.1% | 47.8% |
| 1987 | - | - | 26.7% | 52.7% |
| 1988 | - | - | 23.6% | 36.5% |
| 1989 | - | - | 19.2% | 36% |
| 1990 | - | - | 22.9% | 35.7% |
| 1991 | - | - | 20.1% | 29.2% |
| 1992 | - | - | 19% | 21.5% |
| 1993 | - | - | 18.2% | 19.2% |
| 1994 | - | - | 18.9% | 26.8% |
| 1995 | - | - | 18.9% | 30.7% |
| 1996 | - | - | 20.8% | 42.5% |
| 1997 | 55% | 8.73% | 20.7% | 39.1% |
| 1998 | 50.5% | 18.1% | 19.5% | 39.7% |
| 1999 | 48.7% | 26.1% | 20.1% | 41.7% |
| 2000 | 56.5% | 27.3% | 19.4% | 38.5% |
| 2001 | 58.8% | 32.7% | 19.5% | 37.3% |
| 2002 | 55.2% | 37.2% | 19.8% | 39.9% |
| 2003 | 52.9% | 43.7% | 21.5% | 42.1% |
| 2004 | 54.5% | 46.8% | 20.5% | 38.9% |
| 2005 | 85.3% | 45.8% | 21.2% | 36.8% |
| 2006 | 61.2% | 44.4% | 21.6% | 35.8% |
| 2007 | 67.2% | 42.2% | 22.5% | 35.5% |
| 2008 | 64.3% | 44.1% | 26.5% | 40.6% |
| 2009 | 63.1% | 41.2% | 26.5% | 41.7% |
| 2010 | 59.2% | 38.8% | 26.5% | 40.2% |
| 2011 | 55.9% | 35.9% | 26.6% | 41.2% |
| 2012 | 53.2% | 37.6% | 27% | 40.8% |
| 2013 | 55% | 33.4% | 26.7% | 44.1% |
| 2014 | 49.2% | 34.9% | 26.9% | 47.1% |
| 2015 | 56.3% | 33.9% | 26.6% | 51% |
| 2016 | 56.8% | 29.2% | 26.5% | 55% |
| 2017 | 63.7% | 26.5% | 25% | 52.5% |
| 2018 | 60.5% | 24.7% | 25% | 52.2% |
| 2019 | 65.5% | 25.1% | 25.3% | 51.9% |
| 2020 | 67.8% | 21.7% | 27.8% | 58.5% |
| 2021 | 69.8% | 20.1% | 26.7% | 56.7% |
| 2022 | 67.7% | 19.8% | 28.5% | 53.8% |
| 2023 | 66% | 18.7% | 28.6% | 52.8% |
| 2024 | 71.8% | 16.7% | 30.4% | 58.4% |
| 2025 | 71.9% | 15.3% | 29% | 60.7% |
| 2026 | 77.4% | 14.2% | 27.6% | 61.1% |
Government deficit by year
In 2024, the Marshall Islands' government surplus, the difference between spending and revenue, was $1.71M, equivalent to 0.59% of GDP. This compares to Mexico's deficit of -$106B, or -5.72% of GDP.
Over the past 28 years, the Marshall Islands recorded a fiscal deficit in 5 of those years, while Mexico ran a deficit in 28 years. On average, the Marshall Islands posted an annual surplus equal to +2.43% of GDP, compared to deficit of -3.04% of GDP for Mexico.
| Year | Deficit/surplus, % of GDP | |
|---|---|---|
|
Marshall Islands
|
Mexico
|
|
| 1900 | - | 0.76% |
| 1901 | - | 0.62% |
| 1902 | - | 0.42% |
| 1903 | - | 3.82% |
| 1904 | - | 1.09% |
| 1905 | - | 0.35% |
| 1906 | - | 0.72% |
| 1907 | - | 0.43% |
| 1908 | - | -0.08% |
| 1909 | - | 0.15% |
| 1910 | - | 0.1% |
| 1911 | - | -0.31% |
| 1912 | - | -0.79% |
| 1913 | - | 0.28% |
| 1914 | - | 0.28% |
| 1915 | - | 0.28% |
| 1916 | - | 0.28% |
| 1917 | - | 0.63% |
| 1918 | - | -0.19% |
| 1919 | - | 0.41% |
| 1920 | - | 0.91% |
| 1921 | - | 0.64% |
| 1922 | - | 1.13% |
| 1923 | - | 1.02% |
| 1924 | - | 1.34% |
| 1925 | - | 0.46% |
| 1926 | - | -0.29% |
| 1927 | - | -0.3% |
| 1928 | - | 0.24% |
| 1929 | - | 0.95% |
| 1930 | - | 0.21% |
| 1931 | - | 0.71% |
| 1932 | - | 0% |
| 1933 | - | -0.58% |
| 1934 | - | 0.72% |
| 1935 | - | 0.26% |
| 1936 | - | -0.39% |
| 1937 | - | -0.41% |
| 1938 | - | -0.91% |
| 1939 | - | -0.06% |
| 1940 | - | -0.4% |
| 1941 | - | -0.26% |
| 1942 | - | -0.93% |
| 1943 | - | 0.05% |
| 1944 | - | -1.12% |
| 1945 | - | -1.11% |
| 1946 | - | 0.66% |
| 1947 | - | -0.93% |
| 1948 | - | -1.55% |
| 1949 | - | 0.44% |
| 1950 | - | -0.2% |
| 1951 | - | -0.26% |
| 1952 | - | 0.42% |
| 1953 | - | -0.58% |
| 1954 | - | -0.94% |
| 1955 | - | 0.6% |
| 1956 | - | 0.52% |
| 1957 | - | -0.03% |
| 1958 | - | 0.24% |
| 1959 | - | -0.73% |
| 1960 | - | -1.36% |
| 1961 | - | -0.88% |
| 1962 | - | -0.79% |
| 1963 | - | -0.92% |
| 1964 | - | -1.44% |
| 1965 | - | -2.51% |
| 1966 | - | -3.2% |
| 1967 | - | -2.12% |
| 1968 | - | -2.06% |
| 1969 | - | -2.74% |
| 1970 | - | -1.71% |
| 1971 | - | -1.43% |
| 1972 | - | -2.3% |
| 1973 | - | -2.75% |
| 1974 | - | -3.33% |
| 1975 | - | -2.64% |
| 1976 | - | -3.14% |
| 1977 | - | -2.43% |
| 1978 | - | -1.88% |
| 1979 | - | -2.15% |
| 1980 | - | -1.75% |
| 1981 | - | -4.9% |
| 1982 | - | -11.4% |
| 1983 | - | -6.03% |
| 1984 | - | -5.79% |
| 1985 | - | -7.2% |
| 1986 | - | -11.2% |
| 1987 | - | -11.6% |
| 1988 | - | -8.76% |
| 1989 | - | -4.75% |
| 1990 | - | -3.11% |
| 1991 | - | 1.49% |
| 1992 | - | 2.26% |
| 1993 | - | -1.51% |
| 1994 | - | -2.25% |
| 1995 | - | -2.28% |
| 1996 | - | -3.66% |
| 1997 | 7.91% | -3.48% |
| 1998 | 13.5% | -4.49% |
| 1999 | 9.01% | -4.49% |
| 2000 | 7.84% | -2.69% |
| 2001 | 7.83% | -2.57% |
| 2002 | 5.12% | -2.18% |
| 2003 | 10.5% | -2.24% |
| 2004 | -1.6% | -1.35% |
| 2005 | -22.3% | -1.43% |
| 2006 | 0.24% | -1.23% |
| 2007 | 0.27% | -1.46% |
| 2008 | 3.68% | -0.68% |
| 2009 | 1.51% | -3.94% |
| 2010 | 3.51% | -3.8% |
| 2011 | 2.13% | -3.2% |
| 2012 | -0.76% | -3.57% |
| 2013 | -0.23% | -3.56% |
| 2014 | 3.2% | -4.37% |
| 2015 | 2.81% | -3.86% |
| 2016 | 3.88% | -2.68% |
| 2017 | 4.38% | -1.03% |
| 2018 | 2.55% | -2.14% |
| 2019 | -1.8% | -2.27% |
| 2020 | 2.54% | -4.29% |
| 2021 | 0.18% | -3.75% |
| 2022 | 0.68% | -4.32% |
| 2023 | 0.69% | -4.3% |
| 2024 | 0.59% | -5.72% |
| 2025 | 0.51% | -4.02% |
| 2026 | 0.07% | -3.27% |
Inflation comparison by year
Over the past 21 years, the Marshall Islands has recorded an average annual inflation rate of 2.72%, compared with 4.45% in Mexico. In 2024, inflation was 5.9% in the Marshall Islands and 4.72% in Mexico.
| Year | Inflation | |
|---|---|---|
|
Marshall Islands
|
Mexico
|
|
| 1997 | - | 20.6% |
| 1998 | - | 15.9% |
| 1999 | - | 16.6% |
| 2000 | - | 9.49% |
| 2001 | - | 6.37% |
| 2002 | - | 5.03% |
| 2003 | - | 4.55% |
| 2004 | 2% | 4.69% |
| 2005 | 3.5% | 3.99% |
| 2006 | 5.3% | 3.63% |
| 2007 | 2.6% | 3.97% |
| 2008 | 14.7% | 5.12% |
| 2009 | 0.5% | 5.3% |
| 2010 | 1.8% | 4.16% |
| 2011 | 5.4% | 3.41% |
| 2012 | 4.3% | 4.11% |
| 2013 | 1.9% | 3.81% |
| 2014 | 1.1% | 4.02% |
| 2015 | -2.2% | 2.72% |
| 2016 | -1.5% | 2.82% |
| 2017 | 0.1% | 6.04% |
| 2018 | 0.8% | 4.9% |
| 2019 | -0.1% | 3.64% |
| 2020 | -0.7% | 3.4% |
| 2021 | 2.2% | 5.69% |
| 2022 | 2.8% | 7.9% |
| 2023 | 7.4% | 5.53% |
| 2024 | 5.2% | 4.72% |
| 2025 | 5.2% | - |
| 2026 | 5.9% | - |
Balance of trade
|
Marshall Islands
|
Mexico
|
|
|---|---|---|
Current account balance
|
$76.3M
2021 |
-$16.7B
2024 |
| Current account balance ranking |
70/190
2021 |
181/190
2024 |
| Current account balance, % of GDP |
+29.2%
2021 |
-0.9%
2024 |
| Goods imports |
$133M
2021 |
$637B
2024 |
| Goods exports |
$121M
2021 |
$618B
2024 |
| Service imports |
$73.1M
2021 |
$72B
2024 |
| Service exports |
$9.44M
2021 |
$63B
2024 |
| Imports of goods and services, % of GDP |
81.7%
2024 |
37.9%
2024 |
| Exports of goods and services, % of GDP |
42.1%
2024 |
36.7%
2024 |
Economic freedom indices
The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.
|
Marshall Islands
|
Mexico
|
|
|---|---|---|
| Economic freedom | 58 | 61.3 |
| Economic freedom ranking | 110/197 | 88/197 |
| Property rights | n/a | 41.1 |
| Government integrity | n/a | 29.5 |
| Judicial effectiveness | n/a | 39.9 |
| Tax burden | n/a | 75.6 |
| Government spending | n/a | 76.5 |
| Fiscal health | n/a | 67.3 |
| Business freedom | n/a | 71.9 |
| Labor freedom | n/a | 57.6 |
| Monetary freedom | n/a | 69.3 |
| Trade freedom | n/a | 72.2 |
| Investment freedom | n/a | 75 |
| Financial freedom | n/a | 60 |
More economic indicators
|
Marshall Islands
|
Mexico
|
|
|---|---|---|
| Services, % of GDP |
67%
2024 |
58.1%
2024 |
| Industry, % of GDP |
13.2%
2024 |
31.8%
2024 |
| Agriculture, forestry, and fishing, % of GDP |
19.6%
2024 |
3.72%
2024 |
|
GNI, Atlas method
|
$319M
2024 |
$1.68T
2024 |
| GNI per capita, PPP |
$9,680
2024 |
$25,030
2024 |
| Total reserves including gold | n/a |
$232B
2024 |
| Total reserves ranking | n/a |
16/177
2024 |
|
Net foreign direct investment
|
-$499K
2021 |
-$32.3B
2024 |
|
Net inflows of foreign direct investment
|
$1.7M
2024 |
$45.3B
2024 |
|
Net outflows of foreign direct investment
|
$0
2024 |
$13B
2024 |
|
Servicing debt to the IMF, % of GNI
|
n/a |
3.71%
2024 |
| Poverty at national poverty lines |
7.2%
2019 |
29.6%
2024 |
|
Gross capital formation, % of GDP
|
20.7%
2024 |
24.1%
2024 |
GDP per capita map
GDP per capita
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Economy comparisons
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.