The Marshall Islands vs Mongolia: Economic Indicators Comparison
Mongolia with a GDP of $13.1B ranked the 134th largest economy in the world, while the Marshall Islands ranked 193rd with $221.3M. By GDP per capita, Mongolia and the Marshall Islands ranked 118th vs 123rd, respectively.
Gross Domestic Product & Income
| Stat |  Marshall Islands |  Mongolia |
|---|---|---|
| GDP | $221.3M | $13.1B |
| GDP growth, 1 year | 3.62% | 6.9% |
| GDP growth, 5-years average | N/A | 4.7% |
| Population | 53k | 3.1M |
| GDP per capita | $3.8k | $4.1k |
| GDP per capita growth | 2.99% | 5.32% |
| Purchasing Power Parity conversion factor | 0.95 | 738.48 |
| Price level ratio of PPP conversion factor GDP to market exchange rate | 0.95 | 0.3 |
| GDP per capita, PPP adjusted | $4k | $13k |
| GNI, Atlas method | $283.7M | $11.6B |
| GNI per capita | $4.9k | $3.7k |
| GNI, PPP adjusted | $297.6M | $39.6B |
| GNI per capita, PPP adjusted | $5.1k | $13k |
Financial system and Human development
| Stat | Marshall Islands | Mongolia |
|---|---|---|
| Income Tax Rate | N/A | 10% |
| Corporate Tax Rate | N/A | 25% |
| Inflation, consumer prices | N/A | 7.7% |
| Inflation, GDP deflator | 0.3% | 8.1% |
| Unemployment | 4.7% | 6.3% |
| Economic Freedom Index | 58 | 55.9 |
| Personal Freedom Index | 6.2 | 7.63 |
| Human Freedom Index | 6.2 | 7.17 |
| Property Rights Index | N/A | 50.3 |
| Judical Effectiveness Index | N/A | 23 |
| Business Freedom Index | N/A | 63.6 |
| Fiscal Health Index | N/A | 9.3 |
| Labor Freedom Index | N/A | 75.7 |
| Investment Freedom Index | N/A | 50 |
| Financial Freedom Index | N/A | 60 |
| Trade Freedom Index | N/A | 74 |
| Monetary Freedom Index | N/A | 74.2 |
| Government Spending Index | N/A | 66.6 |
| Tax Burden Index | N/A | 87.4 |
| Government Integrity Index | N/A | 36.9 |
| Corruption Perceptions Index | 64 | 37 |
| Life expectancy at birth, years | 65.2 | 69.5 |
| Suicide mortality rate, per 100,000 people | 1 | 13 |
| Mortality caused by road traffic injury, per 100,000 people | 5.7 | 16.5 |
| Intentional homicides, per 100,000 people | 4 | 6.2 |
| International tourism, number of arrivals | 6.8k | 529k |
Government debt & reserves
| Stat | Marshall Islands | Mongolia |
|---|---|---|
| Central government debt, % of GDP | 48.9% | 73.3% |
| External debt stocks, % of GNI | N/A | 253.9% |
| External debt stocks | N/A | $29.4B |
| Short-term debt, % of total reserves | N/A | 87.3% |
| Total debt service, % of exports and primary income | N/A | 101.6% |
| Adjusted net savings including particulate emission damage, % of GNI | N/A | -10.3% |
| Gross savings, % of GDP | 17.2% | 30.3% |
| Gross capital formation, % of GDP | 23.4% | 43.1% |
| Total reserves including gold | N/A | $3.5B |
| Foreign direct investment net inflows | $9.8M | $2B |
Exports, imports and economic structure
| Stat | Marshall Islands | Mongolia |
|---|---|---|
| Exports of goods and services, % of GDP | 40.4% | 58.7% |
| Imports of goods and services, % of GDP | 85.3% | 64.2% |
| Current account balance (balance of payments) | $53M | -$1.9B |
| Revenue excluding grants, % of GDP | 32.2% | 24.9% |
| Grants excluding technical cooperation, BoP | $50.6M | $115.6M |
| Personal remittances received | $31.5M | $440.6M |
| Industry including construction value added, % of GDP | 12.8% | 38.7% |
| Agriculture, forestry and fishing value added, % of GDP | 15.2% | 10.8% |
| Charges for the use of intellectual property, payments BoP | N/A | $16.1M |
| Charges for the use of intellectual property, receipts BoP | N/A | $1.4M |
| Expense, % of GDP | 57.9% | 23.8% |
| Government Expenditure, % of GDP | N/A | 33.4% |
