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Economy of Marshall Islands vs Tajikistan compared: GDP & Debt

Updated on by Georank

The Marshall Islands has a GDP of $308M compared to $17.7B for Tajikistan, ranking 194/197 and 140/197 by economy size, respectively.

The Marshall Islands has $36.3M in government debt (11.8% of GDP), compared to $3.82B (21.6% of GDP) in Tajikistan.

Marshall Islands vs Tajikistan GDP by year

Marshall Islands
Tajikistan
1x
Year GDP, current $
Marshall Islands Tajikistan
2025 $308,000,000 $17,660,626,562
2024 $285,000,000 $14,425,113,700
2023 $264,000,000 $12,244,169,293
2022 $258,723,500 $10,713,525,200
2021 $261,245,500 $8,937,805,347
2020 $241,800,000 $8,133,963,551
2019 $232,900,000 $8,300,813,599
2018 $220,000,000 $7,764,999,999
2017 $213,700,000 $7,536,402,853
2016 $201,800,000 $6,992,416,097
2015 $183,700,000 $8,271,431,485
2014 $186,000,000 $9,112,605,459
2013 $186,400,000 $8,448,411,318
2012 $180,700,000 $7,633,036,903
2011 $172,300,000 $6,522,756,255
2010 $161,100,000 $5,642,221,099
2009 $151,200,000 $4,979,472,364
2008 $146,600,000 $5,161,299,725
2007 $150,500,000 $3,719,524,541
2006 $143,200,000 $2,830,213,849
2005 $138,000,000 $2,312,352,021
2004 $132,900,000 $2,076,176,869
2003 $131,128,500 $1,555,318,261
2002 $131,960,000 $1,221,106,220
2001 $122,406,100 $1,080,772,551
2000 $114,838,500 $860,541,842
1999 $113,352,100 $1,086,612,290
1998 $112,070,100 $1,320,199,582
1997 $109,884,700 $921,518,033
1996 $110,858,000 $1,043,654,822
1995 $120,230,000 $1,231,561,860
1994 $108,071,000 $1,522,001,206
1993 $99,461,000 $1,646,623,195
1992 $91,063,000 $1,908,554,572
1991 $82,507,000 $2,536,585,366
1990 $78,476,000 $2,629,395,066
1989 $72,798,000 -
1988 $70,688,000 -
1987 $62,983,000 -
1986 $55,989,000 -
1985 $43,879,000 -
1984 $45,144,000 -
1983 $41,749,000 -
1982 $34,918,000 -
1981 $31,020,000 -
1980 $26,710,653 -
1979 $25,545,346 -
1978 $22,209,370 -
1977 $20,210,069 -
1976 $18,153,647 -
1975 $16,691,301 -
1974 $15,217,532 -
1973 $11,607,366 -
1972 $9,973,652 -
1971 $9,116,810 -
1970 $8,408,486 -

Data sources: World Bank | Economy & Growth (1970–2025, retrieved 2026-07-08).

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

GDP per capita in Marshall Islands vs Tajikistan by year

Marshall Islands
GDP per capita

GDP per capita, PPP
Tajikistan
GDP per capita

GDP per capita, PPP
1x
Year Current $
Marshall Islands Tajikistan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $8,489 - $1,637 -
2024 $7,590 $8,195 $1,362 $5,406
2023 $6,799 $7,549 $1,178 $4,964
2022 $6,456 $7,431 $1,052 $4,514
2021 $6,315 $6,768 $897 $3,986
2020 $5,662 $6,137 $834 $3,654
2019 $5,292 $6,045 $871 $3,460
2018 $4,858 $5,232 $834 $3,069
2017 $4,593 $4,719 $829 $3,017
2016 $4,230 $4,366 $789 $2,914
2015 $3,764 $4,125 $957 $2,975
2014 $3,735 $3,931 $1,082 $3,152
2013 $3,678 $3,845 $1,028 $2,919
2012 $3,514 $3,590 $952 $2,679
2011 $3,319 $3,537 $834 $2,456
2010 $3,095 $3,473 $737 $2,291
2009 $2,907 $3,253 $665 $2,171
2008 $2,818 $3,118 $703 $2,120
2007 $2,892 $3,309 $517 $1,966
2006 $2,754 $3,110 $401 $1,810
2005 $2,659 $3,017 $334 $1,673
2004 $2,566 $2,880 $306 $1,550
2003 $2,539 $2,824 $233.6 $1,396
2002 $2,566 $2,825 $187 $1,257
2001 $2,394 $2,700 $168.7 $1,139
2000 $2,265 $2,490 $136.9 $1,036
1999 $2,258 $2,400 $175 $947
1998 $2,254 $2,422 $213.7 $905
1997 $2,231 $2,434 $150.1 $855
1996 $2,273 $2,583 $172 $836
1995 $2,491 $2,858 $207 $1,006
1994 $2,265 $2,617 $261.3 $1,148
1993 $2,112 $2,452 $287.6 $1,454
1992 $1,963 $2,293 $338 $1,721
1991 $1,811 $2,131 $458 $2,417
1990 $1,758 $2,102 $487 $2,583
1989 $1,670 - - -
1988 $1,670 - - -
1987 $1,543 - - -
1986 $1,425 - - -
1985 $1,162 - - -
1984 $1,245 - - -
1983 $1,199 - - -
1982 $1,046 - - -
1981 $969 - - -
1980 $868 - - -
1979 $859 - - -
1978 $771 - - -
1977 $724 - - -
1976 $672 - - -
1975 $638 - - -
1974 $602 - - -
1973 $472 - - -
1972 $416 - - -
1971 $390 - - -
1970 $373 - - -

Data sources: World Bank | Economy & Growth (1970–2025, retrieved 2026-07-08).

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

The Marshall Islands' GDP per capita is $8,489, ranking 95/197, compared to $1,637 in Tajikistan, ranking 163/197. Adjusted for purchasing power (GDP per capita PPP), the Marshall Islands ranks 139th at $8,195, while Tajikistan ranks 157th at $5,406.

Economic indicators

Marshall Islands Tajikistan
Gross domestic product
$308M
2025
$17.7B
2025
GDP rank
194/197
2025
140/197
2025
GDP growth
2.28%
2024-2025
8.4%
2024-2025
GDP per capita
$8,489
2025
$1,637
2025
GDP per capita rank
95/197
2025
163/197
2025
GDP per capita, PPP
$8,195
2024
$5,406
2024
GDP per capita PPP rank
139/197
2024
157/197
2024
Government debt
$36.3M
2025
$3.82B
2025
Debt-to-GDP ratio
11.8%
2025
21.6%
2025
Government debt per person
$1,000
2025
$354
2025
Government debt per person rank
144/185
2025
174/185
2025
Average annual personal income after taxes
$5,308
2026
$1,705
2026
Income share by richest 10%
27.5%
2019
28.2%
2024
Income share by poorest 10%
2.8%
2019
2.9%
2024
Government expenditure, % of GDP
65.3%
2025
29.3%
2025
Consumer prices inflation
5.5%
2024-2025
3.4%
2024-2025
Central bank interest rate n/a
7%
2026
Unemployment rate
9.82%
2021
0.08%
2016
Population
35039
11080415

Spending and national debt comparison by year

Marshall Islands
Spending

Debt
Tajikistan
Spending

Debt
1x
Year % of GDP
Marshall Islands Tajikistan
Government spending Government debt Government spending Government debt
2025 65.3% 11.8% 29.3% 21.6%
2024 70.9% 14.2% 27.2% 24.9%
2023 67.5% 18.2% 28% 29.9%
2022 65.8% 19.6% 27.4% 31.8%
2021 69.2% 19.9% 27.6% 42%
2020 67.8% 21.7% 29.2% 50.9%
2019 65.5% 25.1% 28.8% 43.2%
2018 60.5% 24.7% 30.9% 46.3%
2017 63.7% 26.5% 33.8% 46.3%
2016 56.8% 29.2% 32.7% 42.2%
2015 56.3% 33.9% 31.9% 35%
2014 49.2% 34.9% 27.5% 27.9%
2013 55% 33.4% 27.7% 29.3%
2012 53.2% 37.6% 24.7% 32.5%
2011 55.9% 35.9% 24.3% 35.5%
2010 59.2% 38.8% 25.9% 36.8%
2009 63.1% 41.2% 23.6% 36.9%
2008 64.3% 44.1% 20.2% 30.2%
2007 67.2% 42.2% 20.3% 34.3%
2006 61.2% 44.4% 21.6% 36.8%
2005 85.3% 45.8% 22.9% 45.8%
2004 54.5% 46.8% 20.2% 49.4%
2003 52.9% 43.7% 19.1% 69.8%
2002 55.2% 37.2% 19.1% 98.3%
2001 58.8% 32.7% 17.3% 99.4%
2000 56.5% 27.3% 18.1% 111.4%
1999 48.7% 26.1% 17.5% 107.8%
1998 50.5% 18.1% 17.1% 96.6%
1997 55% 8.73% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1997–2025, retrieved 2026-07-08).

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

In 2025, the Marshall Islands' government spending was $201M, accounting for 65.3% of its GDP, while Tajikistan spent $5.17B, or 29.3% of GDP.

Debt-to-GDP ratio is 11.8% in the Marshall Islands and 21.6% in Tajikistan, ranking 180/185 and 171/185, respectively.

Government deficit by year

Deficit/surplus
Marshall Islands

Tajikistan
1x
Year Deficit/surplus, % of GDP
Marshall Islands Tajikistan
2025 1.35% -1.79%
2024 2.62% 0.32%
2023 1.01% -0.92%
2022 0.51% -0.23%
2021 0.18% -0.64%
2020 2.54% -4.34%
2019 -1.8% -2.04%
2018 2.55% -2.69%
2017 4.38% -5.65%
2016 3.88% -2.91%
2015 2.81% -1.96%
2014 3.2% 0.92%
2013 -0.23% -0.73%
2012 -0.76% 0.41%
2011 2.13% 0.6%
2010 3.51% -2.71%
2009 1.51% -0.2%
2008 3.68% 1.94%
2007 0.27% 2.13%
2006 0.24% 2%
2005 -22.3% -2.83%
2004 -1.6% -2.32%
2003 10.5% -1.74%
2002 5.12% -2.4%
2001 7.83% -2.11%
2000 7.84% -4.51%
1999 9.01% -4.03%
1998 13.5% -5.09%
1997 7.91% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1997–2025, retrieved 2026-07-08).

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

In 2025, the Marshall Islands' government surplus, the difference between spending and revenue, was $4.17M, equivalent to 1.35% of GDP. This compares to Tajikistan's deficit of $316M, or 1.79% of GDP.

Over the past 28 years, the Marshall Islands recorded a fiscal deficit in 5 of those years, while Tajikistan ran a deficit in 21 years. On average, the Marshall Islands posted an annual surplus equal to 2.27% of GDP, compared to deficit of 1.55% of GDP for Tajikistan.

Inflation comparison by year

Inflation
Marshall Islands

Tajikistan
1x
Year Consumer prices inflation
Marshall Islands Tajikistan
2025 5.5% 3.4%
2024 5.2% 3.5%
2023 7.4% 3.7%
2022 2.8% 6.6%
2021 2.2% 9%
2020 -0.7% 8.6%
2019 -0.1% 7.8%
2018 0.8% 3.8%
2017 0.1% 7.3%
2016 -1.5% 5.9%
2015 -2.2% 5.8%
2014 1.1% 6.1%
2013 1.9% 5%
2012 4.3% 5.8%
2011 5.4% 12.4%
2010 1.8% 6.5%
2009 0.5% 6.4%
2008 14.7% 20.4%
2007 2.6% 13.2%
2006 5.3% 10%
2005 3.5% 7.3%
2004 2% 7.2%
2003 - 16.4%
2002 - 12.2%
2001 - 38.6%
2000 - 32.9%
1999 - 27.5%
1998 - 43.2%
1997 - 88%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08).

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

Over the past 22 years, the Marshall Islands has recorded an average annual inflation rate of 2.85%, compared with 7.53% in Tajikistan. In 2025, inflation was 5.5% in the Marshall Islands and 3.4% in Tajikistan.

Balance of trade

Marshall Islands Tajikistan
Current account balance
$62.3M
2024
$3.02B
2025
Current account balance ranking
67/190
2024
38/190
2025
Current account balance, % of GDP
+21.9%
2024
+17.1%
2025
Goods imports
$173M
2024
$7.45B
2025
Goods exports
$101M
2024
$1.95B
2025
Service imports
$64.2M
2024
$1.14B
2025
Service exports
$21.1M
2024
$168M
2025
Imports of goods and services, % of GDP
79.9%
2025
47.9%
2024
Exports of goods and services, % of GDP
36%
2025
11.2%
2024

Economic freedom indices

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

Marshall Islands Tajikistan
Economic freedom 58 52.5
Economic freedom ranking 113/197 147/197
Property rights n/a 28.4
Government integrity n/a 18.5
Judicial effectiveness n/a 10.1
Tax burden n/a 94.2
Government spending n/a 77
Fiscal health n/a 98.6
Business freedom n/a 60.6
Labor freedom n/a 43.4
Monetary freedom n/a 72.6
Trade freedom n/a 72.2
Investment freedom n/a 25
Financial freedom n/a 30

Other economic metrics

Marshall Islands Tajikistan
Services, % of GDP
68.2%
2024
36.5%
2024
Industry, % of GDP
13.4%
2024
32.4%
2024
Agriculture, forestry, and fishing, % of GDP
19.9%
2024
23.1%
2024
GNI, Atlas method
$352M
2025
$22.4B
2025
GNI per capita, PPP
$10,590
2025
$8,240
2025
Total reserves including gold n/a
$4.31B
2025
Total reserves ranking n/a
109/177
2025
Net foreign direct investment
-$13.4M
2024
$8.2M
2025
Net inflows of foreign direct investment
$13.4M
2024
$291M
2024
Net outflows of foreign direct investment
$0
2024
$101M
2024
Servicing debt to the IMF, % of GNI n/a
3.04%
2024
Poverty at national poverty lines
7.2%
2019
19.8%
2024
Gross capital formation, % of GDP
21.1%
2024
32.4%
2024

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/tajikistan | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1970–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1997–2025, retrieved 2026-07-08)
  3. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (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.