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Economy of Marshall Islands vs Syria compared: GDP & Debt

Updated on by Georank

The Marshall Islands has a GDP of $308M compared to $20B for Syria, ranking 194/197 and 134/197 by economy size, respectively.

The Marshall Islands has $36.3M in government debt (11.8% of GDP), compared to $18.4B (30% of GDP) in Syria.

Marshall Islands vs Syria GDP by year

Marshall Islands
Syria
1x
Year GDP, current $
Marshall Islands Syria
2025 $308,000,000 -
2024 $285,000,000 -
2023 $264,000,000 $19,993,439,950
2022 $258,723,500 $23,737,634,644
2021 $261,245,500 $14,892,885,528
2020 $241,800,000 $12,501,503,673
2019 $232,900,000 $22,583,046,645
2018 $220,000,000 $21,497,779,248
2017 $213,700,000 $16,369,842,725
2016 $201,800,000 $12,597,854,088
2015 $183,700,000 $16,466,861,435
2014 $186,000,000 $21,502,061,466
2013 $186,400,000 $21,361,254,635
2012 $180,700,000 $43,190,318,033
2011 $172,300,000 $67,539,433,544
2010 $161,100,000 $61,390,833,273
2009 $151,200,000 $54,111,721,044
2008 $146,600,000 $52,557,913,397
2007 $150,500,000 $40,465,331,020
2006 $143,200,000 $33,751,812,959
2005 $138,000,000 $28,858,937,499
2004 $132,900,000 $25,086,910,448
2003 $131,128,500 $21,828,144,686
2002 $131,960,000 $20,786,986,580
2001 $122,406,100 $20,078,599,626
2000 $114,838,500 $18,937,031,610
1999 $113,352,100 $15,873,875,969
1998 $112,070,100 $15,200,846,154
1997 $109,884,700 $14,505,233,463
1996 $110,858,000 $13,789,560,878
1995 $120,230,000 $11,396,706,587
1994 $108,071,000 $10,122,020,000
1993 $99,461,000 $13,695,962,055
1992 $91,063,000 $13,253,565,861
1991 $82,507,000 $12,981,833,333
1990 $78,476,000 $12,308,624,418
1989 $72,798,000 $9,853,395,762
1988 $70,688,000 $10,577,041,645
1987 $62,983,000 $11,356,215,543
1986 $55,989,000 $13,293,205,278
1985 $43,879,000 $16,403,539,893
1984 $45,144,000 $17,503,078,174
1983 $41,749,000 $17,589,277,143
1982 $34,918,000 $16,298,929,011
1981 $31,020,000 $15,518,201,335
1980 $26,710,653 $13,062,420,382
1979 $25,545,346 $9,929,681,529
1978 $22,209,370 $9,275,200,458
1977 $20,210,069 $7,696,011,396
1976 $18,153,647 $7,633,528,867
1975 $16,691,301 $6,826,980,444
1974 $15,217,532 $5,159,557,148
1973 $11,607,366 $3,239,487,516
1972 $9,973,652 $3,059,681,698
1971 $9,116,810 $2,589,851,325
1970 $8,408,486 $2,140,384,010
1969 - $2,245,011,515
1968 - $1,753,746,430
1967 - $1,580,229,799
1966 - $1,342,287,553
1965 - $1,472,036,540
1964 - $1,339,494,267
1963 - $1,200,447,408
1962 - $1,110,565,881
1961 - $945,244,972
1960 - $857,704,413

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/marshall-islands/syria | CC BY

GDP per capita in Marshall Islands vs Syria by year

Marshall Islands
GDP per capita

GDP per capita, PPP
Syria
GDP per capita

GDP per capita, PPP
1x
Year Current $
Marshall Islands Syria
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $8,489 - - -
2024 $7,590 $8,195 - -
2023 $6,799 $7,549 $847 $4,650
2022 $6,456 $7,431 $1,057 $4,772
2021 $6,315 $6,768 $689 $4,593
2020 $5,662 $6,137 $594 $3,738
2019 $5,292 $6,045 $1,110 $3,502
2018 $4,858 $5,232 $1,098 $3,456
2017 $4,593 $4,719 $852 $3,265
2016 $4,230 $4,366 $656 -
2015 $3,764 $4,125 $848 -
2014 $3,735 $3,931 $1,061 -
2013 $3,678 $3,845 $986 -
2012 $3,514 $3,590 $1,898 -
2011 $3,319 $3,537 $2,952 -
2010 $3,095 $3,473 $2,731 -
2009 $2,907 $3,253 $2,462 -
2008 $2,818 $3,118 $2,429 -
2007 $2,892 $3,309 $1,938 -
2006 $2,754 $3,110 $1,719 -
2005 $2,659 $3,017 $1,534 -
2004 $2,566 $2,880 $1,368 -
2003 $2,539 $2,824 $1,220 -
2002 $2,566 $2,825 $1,190 -
2001 $2,394 $2,700 $1,178 -
2000 $2,265 $2,490 $1,138 -
1999 $2,258 $2,400 $978 -
1998 $2,254 $2,422 $961 -
1997 $2,231 $2,434 $941 -
1996 $2,273 $2,583 $918 -
1995 $2,491 $2,858 $780 -
1994 $2,265 $2,617 $712 -
1993 $2,112 $2,452 $993 -
1992 $1,963 $2,293 $990 -
1991 $1,811 $2,131 $1,000 -
1990 $1,758 $2,102 $978 -
1989 $1,670 - $809 -
1988 $1,670 - $898 -
1987 $1,543 - $997 -
1986 $1,425 - $1,208 -
1985 $1,162 - $1,544 -
1984 $1,245 - $1,706 -
1983 $1,199 - $1,776 -
1982 $1,046 - $1,703 -
1981 $969 - $1,676 -
1980 $868 - $1,458 -
1979 $859 - $1,146 -
1978 $771 - $1,108 -
1977 $724 - $951 -
1976 $672 - $976 -
1975 $638 - $904 -
1974 $602 - $707 -
1973 $472 - $459 -
1972 $416 - $448 -
1971 $390 - $393 -
1970 $373 - $335 -
1969 - - $364 -
1968 - - $293.3 -
1967 - - $272.9 -
1966 - - $239.3 -
1965 - - $270.8 -
1964 - - $254.2 -
1963 - - $234.9 -
1962 - - $223.9 -
1961 - - $196.3 -
1960 - - $183.5 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/marshall-islands/syria | CC BY

The Marshall Islands' GDP per capita is $8,489, ranking 95/197, compared to $847 in Syria, ranking 185/197. Adjusted for purchasing power (GDP per capita PPP), the Marshall Islands ranks 139th at $8,195, while Syria ranks 160th at $4,650.

Economic indicators

Marshall Islands Syria
Gross domestic product
$308M
2025
$20B
2023
GDP rank
194/197
2025
134/197
2023
GDP growth
2.28%
2024-2025
-1.85%
2022-2023
GDP per capita
$8,489
2025
$847
2023
GDP per capita rank
95/197
2025
185/197
2023
GDP per capita, PPP
$8,195
2024
$4,650
2023
GDP per capita PPP rank
139/197
2024
160/197
2023
Government debt
$36.3M
2025
$18.4B
2010
Debt-to-GDP ratio
11.8%
2025
30%
2010
Government debt per person
$1,000
2025
$820
2010
Government debt per person rank
144/185
2025
150/185
2010
Average annual personal income after taxes
$5,308
2026
$693
2026
Income share by richest 10%
27.5%
2019
20.9%
2022
Income share by poorest 10%
2.8%
2019
3.8%
2022
Government expenditure, % of GDP
65.3%
2025
28.6%
2010
Consumer prices inflation
5.5%
2024-2025
13.4%
2018-2019
Unemployment rate
9.82%
2021
14.9%
2011
Population
35039
26956472

Spending and national debt comparison by year

Marshall Islands
Spending

Debt
Syria
Spending

Debt
1x
Year % of GDP
Marshall Islands Syria
Government spending Government debt Government spending Government debt
2025 65.3% 11.8% - -
2024 70.9% 14.2% - -
2023 67.5% 18.2% - -
2022 65.8% 19.6% - -
2021 69.2% 19.9% - -
2020 67.8% 21.7% - -
2019 65.5% 25.1% - -
2018 60.5% 24.7% - -
2017 63.7% 26.5% - -
2016 56.8% 29.2% - -
2015 56.3% 33.9% - -
2014 49.2% 34.9% - -
2013 55% 33.4% - -
2012 53.2% 37.6% - -
2011 55.9% 35.9% - -
2010 59.2% 38.8% 28.6% 30%
2009 63.1% 41.2% 26.7% 31.2%
2008 64.3% 44.1% 22.9% 37.3%
2007 67.2% 42.2% 25.7% 42.7%
2006 61.2% 44.4% 26.3% 45%
2005 85.3% 45.8% 28.2% 50.7%
2004 54.5% 46.8% 31.3% 113%
2003 52.9% 43.7% 32.6% 133.4%
2002 55.2% 37.2% 28.5% 132.4%
2001 58.8% 32.7% 28% 144.5%
2000 56.5% 27.3% 27.4% 152.1%
1999 48.7% 26.1% 28% 147.7%
1998 50.5% 18.1% 28.8% 151.2%
1997 55% 8.73% 29% 147.6%
1996 - - 27.7% 141.5%
1995 - - 29.8% 152.6%
1994 - - 30.3% 163%
1993 - - 29.4% 171.9%
1992 - - 34.2% 173.6%
1991 - - 34.3% 182.4%
1990 - - 28.3% 189.8%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

GeoRank.org/economy/marshall-islands/syria | CC BY

In 2025, the Marshall Islands' government spending was $201M, accounting for 65.3% of its GDP, while Syria spent $17.6B, or 28.6% of GDP.

Debt-to-GDP ratio is 11.8% in the Marshall Islands and 30% in Syria, ranking 180/185 and 155/185, respectively.

Government deficit by year

Deficit/surplus
Marshall Islands

Syria
1x
Year Deficit/surplus, % of GDP
Marshall Islands Syria
2025 1.35% -
2024 2.62% -
2023 1.01% -
2022 0.51% -
2021 0.18% -
2020 2.54% -
2019 -1.8% -
2018 2.55% -
2017 4.38% -
2016 3.88% -
2015 2.81% -
2014 3.2% -
2013 -0.23% -
2012 -0.76% -
2011 2.13% -
2010 3.51% -7.79%
2009 1.51% -2.89%
2008 3.68% -2.86%
2007 0.27% -2.99%
2006 0.24% -1.12%
2005 -22.3% -4.41%
2004 -1.6% -4.18%
2003 10.5% -2.7%
2002 5.12% -2.02%
2001 7.83% 2.3%
2000 7.84% -1.36%
1999 9.01% -1.47%
1998 13.5% -2.81%
1997 7.91% -1.78%
1996 - -2.83%
1995 - -3.81%
1994 - -6%
1993 - -4.96%
1992 - -7.26%
1991 - -6.57%
1990 - -3.92%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

GeoRank.org/economy/marshall-islands/syria | CC BY

In 2010, the Marshall Islands' government surplus, the difference between spending and revenue, was $5.66M, equivalent to 3.51% of GDP. This compares to Syria's deficit of $4.78B, or 7.79% of GDP.

Over the past 14 years, the Marshall Islands recorded a fiscal deficit in 2 of those years, while Syria ran a deficit in 13 years. On average, the Marshall Islands posted an annual surplus equal to 3.37% of GDP, compared to deficit of 2.58% of GDP for Syria.

Inflation comparison by year

Inflation
Marshall Islands

Syria
1x
Year Consumer prices inflation
Marshall Islands Syria
2025 5.5% -
2024 5.2% -
2023 7.4% -
2022 2.8% -
2021 2.2% -
2020 -0.7% -
2019 -0.1% 13.4%
2018 0.8% 0.94%
2017 0.1% 18.1%
2016 -1.5% 47.7%
2015 -2.2% 38.5%
2014 1.1% 10.9%
2013 1.9% 40%
2012 4.3% 36.7%
2011 5.4% 4.75%
2010 1.8% 4.4%
2009 0.5% 2.92%
2008 14.7% 15.7%
2007 2.6% 3.91%
2006 5.3% 10%
2005 3.5% 7.24%
2004 2% 4.43%
2003 - 5.8%
2002 - -0.13%
2001 - 3%
2000 - -3.85%
1999 - -3.7%
1998 - -0.8%
1997 - 1.89%

Data sources: World Bank | Economy & Growth (1997–2019, retrieved 2026-07-08); International Monetary Fund (IMF) | World Economic Outlook (2004–2025, retrieved 2026-07-08).

GeoRank.org/economy/marshall-islands/syria | CC BY

Over the past 16 years, the Marshall Islands has recorded an average annual inflation rate of 2.51%, compared with 16.2% in Syria. In 2019, inflation was 5.5% in the Marshall Islands and 13.4% in Syria.

Balance of trade

Marshall Islands Syria
Current account balance
$62.3M
2024
-$367M
2010
Current account balance ranking
67/190
2024
99/190
2010
Current account balance, % of GDP
+21.9%
2024
-0.6%
2010
Goods imports
$173M
2024
$15.9B
2010
Goods exports
$101M
2024
$12.3B
2010
Service imports
$64.2M
2024
$3.53B
2010
Service exports
$21.1M
2024
$7.33B
2010
Imports of goods and services, % of GDP
79.9%
2025
28.7%
2022
Exports of goods and services, % of GDP
36%
2025
6.78%
2022

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Marshall Islands Syria
Economic freedom 58 51.2
Economic freedom ranking 113/197 155/197
Property rights n/a 4
Government integrity n/a 3.6
Judicial effectiveness n/a 3.7
Tax burden n/a 87.3
Government spending n/a 78.5
Fiscal health n/a 13.8
Business freedom n/a 33.8
Labor freedom n/a 37.2
Monetary freedom n/a 80
Trade freedom n/a 47
Investment freedom n/a 0
Financial freedom n/a 20

Other economic metrics

Marshall Islands Syria
Services, % of GDP
68.2%
2024
44.7%
2022
Industry, % of GDP
13.4%
2024
11.9%
2022
Agriculture, forestry, and fishing, % of GDP
19.9%
2024
42.9%
2022
GNI, Atlas method
$352M
2025
$18.2B
2023
GNI per capita, PPP
$10,590
2025
$4,480
2023
Total reserves including gold n/a
$20.6B
2010
Total reserves ranking n/a
66/177
2010
Net foreign direct investment
-$13.4M
2024
-$1.47B
2010
Net inflows of foreign direct investment
$13.4M
2024
$0
2024
Net outflows of foreign direct investment
$0
2024
$0
2024
Servicing debt to the IMF, % of GNI n/a
0.15%
2023
Poverty at national poverty lines
7.2%
2019
35.2%
2007
Gross capital formation, % of GDP
21.1%
2024
16%
1969

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

GeoRank.org/economy/marshall-islands/syria | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (2012–2026, retrieved 2026-07-08)
  5. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  6. LivingCost (2026, retrieved 2026-07-08)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.