The Marshall Islands vs the Philippines: Economic Indicators Comparison

The Philippines with a GDP of $330.9B ranked the 40th largest economy in the world, while the Marshall Islands ranked 193rd with $221.3M. By GDP per capita, the Philippines and the Marshall Islands ranked 134th vs 123rd, respectively.

Gross Domestic Product & Income

StatMarshall IslandsPhilippines
GDP$221.3M$330.9B
GDP growth, 1 year3.62%6.2%
GDP growth, 5-years averageN/A6.4%
Population53k104.9M
GDP per capita$3.8k$3.1k
GDP per capita growth2.99%4.77%
Purchasing Power Parity conversion factor0.9518.25
Price level ratio of PPP conversion factor GDP to market exchange rate0.950.35
GDP per capita, PPP adjusted$4k$8.9k
GNI, Atlas method$283.7M$408.8B
GNI per capita$4.9k$3.8k
GNI, PPP adjusted$297.6M$1.1T
GNI per capita, PPP adjusted$5.1k$11k

Financial system and Human development

StatMarshall IslandsPhilippines
Income Tax RateN/A35%
Corporate Tax RateN/A30%
Inflation, consumer pricesN/A5.2%
Inflation, GDP deflator0.3%3.8%
Unemployment4.7%2.5%
Economic Freedom Index5864.5
Personal Freedom Index6.27.06
Human Freedom Index6.26.92
Property Rights IndexN/A54.6
Judical Effectiveness IndexN/A34.2
Business Freedom IndexN/A59.5
Fiscal Health IndexN/A96.3
Labor Freedom IndexN/A57.4
Investment Freedom IndexN/A60
Financial Freedom IndexN/A60
Trade Freedom IndexN/A81.6
Monetary Freedom IndexN/A66.9
Government Spending IndexN/A87.9
Tax Burden IndexN/A76.7
Government Integrity IndexN/A38.7
Corruption Perceptions Index6436
Life expectancy at birth, years65.271
Suicide mortality rate, per 100,000 people13.2
Mortality caused by road traffic injury, per 100,000 people5.712.3
Intentional homicides, per 100,000 people48.4
International tourism, number of arrivals6.8k7.2M

Government debt & reserves

StatMarshall IslandsPhilippines
Central government debt, % of GDP48.9%39.6%
External debt stocks, % of GNIN/A19.9%
External debt stocksN/A$78.8B
Short-term debt, % of total reservesN/A20.3%
Total debt service, % of exports and primary incomeN/A8.7%
Adjusted net savings including particulate emission damage, % of GNIN/A28.5%
Gross savings, % of GDP17.2%42.4%
Gross capital formation, % of GDP23.4%26.9%
Total reserves including goldN/A$79.2B
Foreign direct investment net inflows$9.8M$9.8B

Exports, imports and economic structure

StatMarshall IslandsPhilippines
Exports of goods and services, % of GDP40.4%31.7%
Imports of goods and services, % of GDP85.3%44.4%
Current account balance (balance of payments)$53M-$8.7B
Revenue excluding grants, % of GDP32.2%16.3%
Grants excluding technical cooperation, BoP$50.6M$436.5M
Personal remittances received$31.5M$33.8B
Industry including construction value added, % of GDP12.8%30.7%
Agriculture, forestry and fishing value added, % of GDP15.2%9.3%
Charges for the use of intellectual property, payments BoPN/A$917M
Charges for the use of intellectual property, receipts BoPN/A$44.1M
Expense, % of GDP57.9%14.9%
Government Expenditure, % of GDPN/A20.1%

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
Ukraine
$3.1k
42.6M
Djibouti
$3.1k
957k
Papua New Guinea
$2.7k
8.25M
Vietnam
$2.6k
94.7M
Egypt
$2.5k
94.8M

Philippines vs

CountryGDP
per capita
Population
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
Ukraine
$3.1k
42.6M
Djibouti
$3.1k
957k
Papua New Guinea
$2.7k
8.25M
Vietnam
$2.6k
94.7M
Egypt
$2.5k
94.8M
Laos
$2.5k
6.86M
Honduras
$2.5k
9.27M
Ghana
$2.2k
26.9M
Congo
$2.1k
5.26M
Zimbabwe
$2.1k
16.5M
Solomon Islands
$2.1k
611k
East Timor
$2k
1.3M
Syria
$2k
18.3M
Nicaragua
$2k
6.22M
Nigeria
$2k
191M
India
$2k
1.33B