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The Marshall Islands vs Spain: Economic Indicators Comparison

Spain with a GDP of $1.4T ranked the 14th largest economy in the world, while the Marshall Islands ranked 193rd with $221.3M. By GDP per capita, Spain and the Marshall Islands ranked 34th vs 123rd, respectively.

Gross Domestic Product & Income

StatMarshall IslandsSpain
GDP$221.3M$1.4T
GDP growth, 1 year3.62%2.5%
GDP growth, 5-years averageN/A2.7%
Population53k46.5M
GDP per capita$3.8k$30k
GDP per capita growth2.99%2.07%
Purchasing Power Parity conversion factor0.950.65
Price level ratio of PPP conversion factor GDP to market exchange rate0.950.76
GDP per capita, PPP adjusted$4k$40k
GNI, Atlas method$283.7M$1.4T
GNI per capita$4.9k$29k
GNI, PPP adjusted$297.6M$1.9T
GNI per capita, PPP adjusted$5.1k$40k

Financial system and Human development

StatMarshall IslandsSpain
Income Tax RateN/A45%
Corporate Tax RateN/A25%
Inflation, consumer pricesN/A1.7%
Inflation, GDP deflator0.3%1.1%
Unemployment4.7%15.5%
Economic Freedom Index5866.9
Personal Freedom Index6.28.95
Human Freedom Index6.28.22
Property Rights IndexN/A74.9
Judical Effectiveness IndexN/A51.8
Business Freedom IndexN/A66.8
Fiscal Health IndexN/A62.6
Labor Freedom IndexN/A57.7
Investment Freedom IndexN/A85
Financial Freedom IndexN/A70
Trade Freedom IndexN/A86.4
Monetary Freedom IndexN/A82
Government Spending IndexN/A48.3
Tax Burden IndexN/A62.1
Government Integrity IndexN/A55.1
Corruption Perceptions Index6458
Life expectancy at birth, years65.283.3
Suicide mortality rate, per 100,000 people18.7
Mortality caused by road traffic injury, per 100,000 people5.74.1
Intentional homicides, per 100,000 people40.7
International tourism, number of arrivals6.8k82.8M

Government debt & reserves

StatMarshall IslandsSpain
Central government debt, % of GDP48.9%97%
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/A9.1%
Gross savings, % of GDP17.2%22.3%
Gross capital formation, % of GDP23.4%20.4%
Total reserves including goldN/A$70.6B
Foreign direct investment net inflows$9.8M$49.1B

Exports, imports and economic structure

StatMarshall IslandsSpain
Exports of goods and services, % of GDP40.4%35.1%
Imports of goods and services, % of GDP85.3%32.4%
Current account balance (balance of payments)$53M$27.3B
Revenue excluding grants, % of GDP32.2%15.7%
Grants excluding technical cooperation, BoP$50.6MN/A
Personal remittances received$31.5M$3.4B
Industry including construction value added, % of GDP12.8%20%
Agriculture, forestry and fishing value added, % of GDP15.2%2.8%
Charges for the use of intellectual property, payments BoPN/A$6.6B
Charges for the use of intellectual property, receipts BoPN/A$2.5B
Expense, % of GDP57.9%18.8%
Government Expenditure, % of GDPN/A41.5%

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

Spain vs

CountryGDP
per capita
Population
Germany
$48k
83M
Belgium
$48k
11.2M
Canada
$46k
35.7M
United Arab Emirates
$43k
9.35M
United Kingdom
$43k
65.1M
Andorra
$42k
76.2k
New Zealand
$42k
4.89M
Israel
$42k
8.89M
France
$41k
66.6M
Japan
$39k
127M
Italy
$34k
60.6M
Kuwait
$34k
4.66M
Bahamas
$32k
377k
Brunei
$32k
418k
South Korea
$31k
51.1M
Malta
$30k
423k
Cyprus
$28k
1.14M
Slovenia
$26k
2.07M
Taiwan
$25k
23.6M
Bahrain
$24k
1.33M
Portugal
$23k
10.6M
Saudi Arabia
$23k
33M
Estonia
$23k
1.32M
Czech Republic
$23k
10.6M
Vatican City
$21k
1k
Greece
$20k
10.8M
Curacao
$20k
160k
Slovakia
$19k
5.44M
Saint Kitts and Nevis
$19k
54.2k
Lithuania
$19k
2.79M