The Marshall Islands vs Palau: Economic Indicators Comparison

Palau with a GDP of $284M ranked the 192nd largest economy in the world, while the Marshall Islands ranked 193rd with $221.3M. By GDP per capita, Palau and the Marshall Islands ranked 60th vs 123rd, respectively.

Gross Domestic Product & Income

Stat	Marshall Islands	Palau
GDP	$221.3M	$284M
GDP growth, 1 year	3.62%	1.71%
GDP growth, 5-years average	N/A	N/A
Population	53k	22k
GDP per capita	$3.8k	$16k
GDP per capita growth	2.99%	1.14%
Purchasing Power Parity conversion factor	0.95	0.86
Price level ratio of PPP conversion factor GDP to market exchange rate	0.95	0.86
GDP per capita, PPP adjusted	$4k	$19k
GNI, Atlas method	$283.7M	$309.4M
GNI per capita	$4.9k	$17k
GNI, PPP adjusted	$297.6M	$349.4M
GNI per capita, PPP adjusted	$5.1k	$20k

Financial system and Human development

Stat	Marshall Islands	Palau
Income Tax Rate	N/A	N/A
Corporate Tax Rate	N/A	N/A
Inflation, consumer prices	N/A	1.3%
Inflation, GDP deflator	0.3%	-2.5%
Unemployment	4.7%	1.4%
Economic Freedom Index	58	62
Personal Freedom Index	6.2	6.4
Human Freedom Index	6.2	6.4
Property Rights Index	N/A	N/A
Judical Effectiveness Index	N/A	N/A
Business Freedom Index	N/A	N/A
Fiscal Health Index	N/A	N/A
Labor Freedom Index	N/A	N/A
Investment Freedom Index	N/A	N/A
Financial Freedom Index	N/A	N/A
Trade Freedom Index	N/A	N/A
Monetary Freedom Index	N/A	N/A
Government Spending Index	N/A	N/A
Tax Burden Index	N/A	N/A
Government Integrity Index	N/A	N/A
Corruption Perceptions Index	64	49
Life expectancy at birth, years	65.2	69.1
Suicide mortality rate, per 100,000 people	1	21.7
Mortality caused by road traffic injury, per 100,000 people	5.7	4.8
Intentional homicides, per 100,000 people	4	3.1
International tourism, number of arrivals	6.8k	106k

Government debt & reserves

Stat	Marshall Islands	Palau
Central government debt, % of GDP	48.9%	67.5%
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	N/A	N/A
Gross savings, % of GDP	17.2%	10.7%
Gross capital formation, % of GDP	23.4%	26.7%
Total reserves including gold	N/A	N/A
Foreign direct investment net inflows	$9.8M	$21.5M

Exports, imports and economic structure

Stat	Marshall Islands	Palau
Exports of goods and services, % of GDP	40.4%	47%
Imports of goods and services, % of GDP	85.3%	76.3%
Current account balance (balance of payments)	$53M	-$51.8M
Revenue excluding grants, % of GDP	32.2%	27.3%
Grants excluding technical cooperation, BoP	$50.6M	$81.2M
Personal remittances received	$31.5M	$2.2M
Industry including construction value added, % of GDP	12.8%	8%
Agriculture, forestry and fishing value added, % of GDP	15.2%	3.2%
Charges for the use of intellectual property, payments BoP	N/A	N/A
Charges for the use of intellectual property, receipts BoP	N/A	N/A
Expense, % of GDP	57.9%	41.4%
Government Expenditure, % of GDP	N/A	N/A