The Marshall Islands vs Taiwan: Economic Indicators Comparison

Taiwan with a GDP of $585.8B ranked the 21st largest economy in the world, while the Marshall Islands ranked 193rd with $221.3M. By GDP per capita, Taiwan and the Marshall Islands ranked 38th vs 123rd, respectively.

Gross Domestic Product & Income

Stat	Marshall Islands	Taiwan
GDP	$221.3M	$585.8B
GDP growth, 1 year	3.62%	2.6%
GDP growth, 5-years average	N/A	2.4%
Population	53k	23.6M
GDP per capita	$3.8k	$25k
GDP per capita growth	2.99%	N/A
Purchasing Power Parity conversion factor	0.95	N/A
Price level ratio of PPP conversion factor GDP to market exchange rate	0.95	N/A
GDP per capita, PPP adjusted	$4k	$53k
GNI, Atlas method	$283.7M	N/A
GNI per capita	$4.9k	N/A
GNI, PPP adjusted	$297.6M	N/A
GNI per capita, PPP adjusted	$5.1k	N/A

Financial system and Human development

Stat	Marshall Islands	Taiwan
Income Tax Rate	N/A	45%
Corporate Tax Rate	N/A	20%
Inflation, consumer prices	N/A	1.5%
Inflation, GDP deflator	0.3%	N/A
Unemployment	4.7%	3.7%
Economic Freedom Index	58	77.1
Personal Freedom Index	6.2	8.09
Human Freedom Index	6.2	7.79
Property Rights Index	N/A	86.9
Judical Effectiveness Index	N/A	70.1
Business Freedom Index	N/A	93.9
Fiscal Health Index	N/A	91
Labor Freedom Index	N/A	60.3
Investment Freedom Index	N/A	60
Financial Freedom Index	N/A	60
Trade Freedom Index	N/A	86
Monetary Freedom Index	N/A	82.7
Government Spending Index	N/A	90.5
Tax Burden Index	N/A	75
Government Integrity Index	N/A	68.9
Corruption Perceptions Index	64	63
Life expectancy at birth, years	65.2	80.2
Suicide mortality rate, per 100,000 people	1	12.5
Mortality caused by road traffic injury, per 100,000 people	5.7	6.3
Intentional homicides, per 100,000 people	4	0.8
International tourism, number of arrivals	6.8k	N/A

Government debt & reserves

Stat	Marshall Islands	Taiwan
Central government debt, % of GDP	48.9%	35%
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%	N/A
Gross capital formation, % of GDP	23.4%	N/A
Total reserves including gold	N/A	N/A
Foreign direct investment net inflows	$9.8M	N/A

Exports, imports and economic structure

Stat	Marshall Islands	Taiwan
Exports of goods and services, % of GDP	40.4%	N/A
Imports of goods and services, % of GDP	85.3%	N/A
Current account balance (balance of payments)	$53M	N/A
Revenue excluding grants, % of GDP	32.2%	N/A
Grants excluding technical cooperation, BoP	$50.6M	N/A
Personal remittances received	$31.5M	N/A
Industry including construction value added, % of GDP	12.8%	N/A
Agriculture, forestry and fishing value added, % of GDP	15.2%	N/A
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%	N/A
Government Expenditure, % of GDP	N/A	17.8%