The Marshall Islands vs New Zealand: Economic Indicators Comparison

New Zealand with a GDP of $204.9B ranked the 53rd largest economy in the world, while the Marshall Islands ranked 193rd with $221.3M. By GDP per capita, New Zealand and the Marshall Islands ranked 25th vs 123rd, respectively.

Gross Domestic Product & Income

StatMarshall IslandsNew Zealand
GDP$221.3M$204.9B
GDP growth, 1 year3.62%3%
GDP growth, 5-years averageN/A3.4%
Population53k4.9M
GDP per capita$3.8k$42k
GDP per capita growth2.99%0.85%
Purchasing Power Parity conversion factor0.951.48
Price level ratio of PPP conversion factor GDP to market exchange rate0.951.02
GDP per capita, PPP adjusted$4k$40k
GNI, Atlas method$283.7M$198.6B
GNI per capita$4.9k$41k
GNI, PPP adjusted$297.6M$192.5B
GNI per capita, PPP adjusted$5.1k$39k

Financial system and Human development

StatMarshall IslandsNew Zealand
Income Tax RateN/A33%
Corporate Tax RateN/A28%
Inflation, consumer pricesN/A1.6%
Inflation, GDP deflator0.3%1.1%
Unemployment4.7%4.5%
Economic Freedom Index5884.1
Personal Freedom Index6.29.42
Human Freedom Index6.28.94
Property Rights IndexN/A93.3
Judical Effectiveness IndexN/A79.1
Business Freedom IndexN/A90.4
Fiscal Health IndexN/A98.3
Labor Freedom IndexN/A86.7
Investment Freedom IndexN/A80
Financial Freedom IndexN/A80
Trade Freedom IndexN/A92.2
Monetary Freedom IndexN/A87
Government Spending IndexN/A57.8
Tax Burden IndexN/A71
Government Integrity IndexN/A93.9
Corruption Perceptions Index6487
Life expectancy at birth, years65.281.7
Suicide mortality rate, per 100,000 people112.1
Mortality caused by road traffic injury, per 100,000 people5.77.8
Intentional homicides, per 100,000 people40.7
International tourism, number of arrivals6.8k3.7M

Government debt & reserves

StatMarshall IslandsNew Zealand
Central government debt, % of GDP48.9%29.4%
External debt stocks, % of GNIN/AN/A
External debt stocksN/AN/A
Short-term debt, % of total reservesN/AN/A
Total debt service, % of exports and primary incomeN/AN/A
Adjusted net savings including particulate emission damage, % of GNIN/A13.9%
Gross savings, % of GDP17.2%19.6%
Gross capital formation, % of GDP23.4%23.9%
Total reserves including goldN/A$17.7B
Foreign direct investment net inflows$9.8M$2.1B

Exports, imports and economic structure

StatMarshall IslandsNew Zealand
Exports of goods and services, % of GDP40.4%28.1%
Imports of goods and services, % of GDP85.3%28.3%
Current account balance (balance of payments)$53M-$7.7B
Revenue excluding grants, % of GDP32.2%33%
Grants excluding technical cooperation, BoP$50.6MN/A
Personal remittances received$31.5M$452.5M
Industry including construction value added, % of GDP12.8%19.2%
Agriculture, forestry and fishing value added, % of GDP15.2%6.6%
Charges for the use of intellectual property, payments BoPN/A$912.8M
Charges for the use of intellectual property, receipts BoPN/A$540.5M
Expense, % of GDP57.9%30.7%
Government Expenditure, % of GDPN/A37.5%

Compare with countries close by GDP per capita

Marshall Islands vs

CountryGDP
per capita
Population
Guyana
$5k
778k
Belize
$4.9k
375k
Azerbaijan
$4.7k
10M
Georgia
$4.7k
3.72M
Guatemala
$4.5k
17.3M
Tonga
$4.4k
108k
Jordan
$4.2k
10.4M
Armenia
$4.2k
2.93M
Samoa
$4.2k
196k
Eswatini
$4.1k
1.37M
Mongolia
$4.1k
3.08M
Algeria
$4.1k
41.3M
Sri Lanka
$4.1k
21.4M
El Salvador
$4.1k
6.42M
Indonesia
$3.9k
264M
Tuvalu
$3.7k
11.2k
Cape Verde
$3.6k
546k
Bolivia
$3.5k
11.1M
Tunisia
$3.4k
11.6M
Angola
$3.4k
29.8M
Bhutan
$3.2k
808k
Morocco
$3.2k
36M
Moldova
$3.2k
2.55M
Palestine
$3.2k
4.68M
Vanuatu
$3.1k
276k
Philippines
$3.1k
105M
Ukraine
$3.1k
42.6M
Djibouti
$3.1k
957k
Papua New Guinea
$2.7k
8.25M
Vietnam
$2.6k
94.7M

New Zealand vs

CountryGDP
per capita
Population
Singapore
$65k
5.89M
United States
$63k
325M
Denmark
$61k
5.83M
Australia
$57k
24.5M
Sweden
$55k
10.3M
Netherlands
$53k
17.3M
Austria
$51k
8.81M
Finland
$50k
5.5M
San Marino
$48k
33.4k
Germany
$48k
83.1M
Belgium
$48k
11.4M
Canada
$46k
37.9M
United Arab Emirates
$43k
9.4M
United Kingdom
$43k
66M
Andorra
$42k
76.2k
Israel
$42k
9.09M
France
$41k
66.6M
Japan
$39k
127M
Italy
$34k
60.3M
Kuwait
$34k
4.6M
Bahamas
$32k
395k
Brunei
$32k
429k
South Korea
$31k
51.5M
Spain
$30k
46.7M
Malta
$30k
465k
Cyprus
$28k
1.14M
Slovenia
$26k
2.07M
Taiwan
$25k
23.6M
Bahrain
$24k
1.49M
Portugal
$23k
10.6M