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The Marshall Islands vs South Africa: Economic Indicators Comparison

South Africa with a GDP of $368.3B ranked the 35th largest economy in the world, while the Marshall Islands ranked 193rd with $221.3M. By GDP per capita, South Africa and the Marshall Islands ranked 95th vs 123rd, respectively.

Gross Domestic Product & Income

StatMarshall IslandsSouth Africa
GDP$221.3M$368.3B
GDP growth, 1 year3.62%0.8%
GDP growth, 5-years averageN/A1.1%
Population53k57.7M
GDP per capita$3.8k$6.4k
GDP per capita growth2.99%-0.57%
Purchasing Power Parity conversion factor0.956.16
Price level ratio of PPP conversion factor GDP to market exchange rate0.950.47
GDP per capita, PPP adjusted$4k$14k
GNI, Atlas method$283.7M$332.3B
GNI per capita$4.9k$5.8k
GNI, PPP adjusted$297.6M$765.8B
GNI per capita, PPP adjusted$5.1k$13k

Financial system and Human development

StatMarshall IslandsSouth Africa
Income Tax RateN/A45%
Corporate Tax RateN/A28%
Inflation, consumer pricesN/A4.6%
Inflation, GDP deflator0.3%3.9%
Unemployment4.7%27%
Economic Freedom Index5858.8
Personal Freedom Index6.26.92
Human Freedom Index6.26.78
Property Rights IndexN/A58.4
Judical Effectiveness IndexN/A38
Business Freedom IndexN/A62
Fiscal Health IndexN/A64
Labor Freedom IndexN/A58.8
Investment Freedom IndexN/A45
Financial Freedom IndexN/A50
Trade Freedom IndexN/A75.8
Monetary Freedom IndexN/A75.9
Government Spending IndexN/A67.4
Tax Burden IndexN/A63.7
Government Integrity IndexN/A46.6
Corruption Perceptions Index6443
Life expectancy at birth, years65.263.5
Suicide mortality rate, per 100,000 people111.6
Mortality caused by road traffic injury, per 100,000 people5.725.9
Intentional homicides, per 100,000 people435.9
International tourism, number of arrivals6.8k10.5M

Government debt & reserves

StatMarshall IslandsSouth Africa
Central government debt, % of GDP48.9%56.7%
External debt stocks, % of GNIN/A50.6%
External debt stocksN/A$179.3B
Short-term debt, % of total reservesN/A70.9%
Total debt service, % of exports and primary incomeN/A19.9%
Adjusted net savings including particulate emission damage, % of GNIN/A0.6%
Gross savings, % of GDP17.2%14.9%
Gross capital formation, % of GDP23.4%17.9%
Total reserves including goldN/A$51.6B
Foreign direct investment net inflows$9.8M$5.5B

Exports, imports and economic structure

StatMarshall IslandsSouth Africa
Exports of goods and services, % of GDP40.4%29.9%
Imports of goods and services, % of GDP85.3%29.6%
Current account balance (balance of payments)$53M-$13.4B
Revenue excluding grants, % of GDP32.2%30.9%
Grants excluding technical cooperation, BoP$50.6M$817.9M
Personal remittances received$31.5M$929M
Industry including construction value added, % of GDP12.8%25.9%
Agriculture, forestry and fishing value added, % of GDP15.2%2.2%
Charges for the use of intellectual property, payments BoPN/A$1.8B
Charges for the use of intellectual property, receipts BoPN/A$120.7M
Expense, % of GDP57.9%34.4%
Government Expenditure, % of GDPN/A33%

Compare with countries close by GDP per capita

Marshall Islands vs

CountryGDP
per capita
Population
Guyana
$5k
800k
Belize
$4.9k
375k
Azerbaijan
$4.7k
10M
Georgia
$4.7k
3.72M
Guatemala
$4.5k
15.5M
Tonga
$4.4k
105k
Jordan
$4.2k
10.4M
Armenia
$4.2k
2.93M
Samoa
$4.2k
190k
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
6.34M
Indonesia
$3.9k
264M
Tuvalu
$3.7k
9.88k
Cape Verde
$3.6k
546k
Bolivia
$3.5k
11.1M
Tunisia
$3.4k
11.6M
Angola
$3.4k
29.8M
Bhutan
$3.2k
754k
Morocco
$3.2k
36M
Moldova
$3.2k
2.55M
Palestine
$3.2k
4.68M
Vanuatu
$3.1k
276k
Philippines
$3.1k
101M
Ukraine
$3.1k
42.6M
Djibouti
$3.1k
850k
Papua New Guinea
$2.7k
7.32M
Vietnam
$2.6k
94.7M

South Africa vs

CountryGDP
per capita
Population
Brazil
$8.9k
208M
Montenegro
$8.8k
622k
Cuba
$8.8k
11.3M
Lebanon
$8.3k
4.47M
Botswana
$8.3k
2.02M
Dominican Republic
$8.1k
10.4M
Gabon
$8k
1.67M
Dominica
$7.7k
72k
Saint Vincent
$7.4k
109k
Thailand
$7.3k
65.9M
Serbia
$7.2k
7.02M
Libya
$7.2k
5.66M
Turkmenistan
$7k
5.13M
Peru
$6.9k
30.4M
Colombia
$6.7k
49.1M
Ecuador
$6.3k
15.7M
Belarus
$6.3k
9.49M
Fiji
$6.3k
881k
Suriname
$6.2k
539k
North Macedonia
$6.1k
2.08M
Bosnia and Herzegovina
$6.1k
3.51M
Namibia
$5.9k
2.3M
Iraq
$5.8k
33.4M
Paraguay
$5.8k
6.8M
Iran
$5.6k
77.4M
Jamaica
$5.4k
2.89M
Albania
$5.3k
3.02M
Guyana
$5k
800k
Belize
$4.9k
375k
Azerbaijan
$4.7k
10M