The Marshall Islands vs Trinidad and Tobago: Economic Indicators Comparison
Trinidad and Tobago with a GDP of $23.8B ranked the 113th largest economy in the world, while the Marshall Islands ranked 193rd with $221.3M. By GDP per capita, Trinidad and Tobago and the Marshall Islands ranked 53rd vs 123rd, respectively.
Gross Domestic Product & Income
| Stat |  Marshall Islands |  Trinidad and Tobago |
|---|---|---|
| GDP | $221.3M | $23.8B |
| GDP growth, 1 year | 3.62% | 0.3% |
| GDP growth, 5-years average | N/A | -1.5% |
| Population | 53k | 1.4M |
| GDP per capita | $3.8k | $17k |
| GDP per capita growth | 2.99% | -0.66% |
| Purchasing Power Parity conversion factor | 0.95 | 3.62 |
| Price level ratio of PPP conversion factor GDP to market exchange rate | 0.95 | 0.54 |
| GDP per capita, PPP adjusted | $4k | $32k |
| GNI, Atlas method | $283.7M | $22.2B |
| GNI per capita | $4.9k | $16k |
| GNI, PPP adjusted | $297.6M | $43.1B |
| GNI per capita, PPP adjusted | $5.1k | $31k |
Financial system and Human development
| Stat | Marshall Islands | Trinidad and Tobago |
|---|---|---|
| Income Tax Rate | N/A | 25% |
| Corporate Tax Rate | N/A | 25% |
| Inflation, consumer prices | N/A | 1.1% |
| Inflation, GDP deflator | 0.3% | 6.1% |
| Unemployment | 4.7% | 2.8% |
| Economic Freedom Index | 58 | 58.3 |
| Personal Freedom Index | 6.2 | 6.88 |
| Human Freedom Index | 6.2 | 6.81 |
| Property Rights Index | N/A | 56.6 |
| Judical Effectiveness Index | N/A | 42.1 |
| Business Freedom Index | N/A | 67.3 |
| Fiscal Health Index | N/A | 15.9 |
| Labor Freedom Index | N/A | 76 |
| Investment Freedom Index | N/A | 60 |
| Financial Freedom Index | N/A | 50 |
| Trade Freedom Index | N/A | 67.8 |
| Monetary Freedom Index | N/A | 77.4 |
| Government Spending Index | N/A | 66.5 |
| Tax Burden Index | N/A | 82.6 |
| Government Integrity Index | N/A | 37.4 |
| Corruption Perceptions Index | 64 | 41 |
| Life expectancy at birth, years | 65.2 | 73.2 |
| Suicide mortality rate, per 100,000 people | 1 | 13.6 |
| Mortality caused by road traffic injury, per 100,000 people | 5.7 | 12.1 |
| Intentional homicides, per 100,000 people | 4 | 30.9 |
| International tourism, number of arrivals | 6.8k | 375k |
Government debt & reserves
| Stat | Marshall Islands | Trinidad and Tobago |
|---|---|---|
| Central government debt, % of GDP | 48.9% | 45.3% |
| 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 | $8.1B |
| Foreign direct investment net inflows | $9.8M | -$602.5M |
Exports, imports and economic structure
| Stat | Marshall Islands | Trinidad and Tobago |
|---|---|---|
| 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 | $1.2B |
| Revenue excluding grants, % of GDP | 32.2% | 38.4% |
| Grants excluding technical cooperation, BoP | $50.6M | $2.4M |
| Personal remittances received | $31.5M | $138.7M |
| Industry including construction value added, % of GDP | 12.8% | 42% |
| Agriculture, forestry and fishing value added, % of GDP | 15.2% | 1% |
| Charges for the use of intellectual property, payments BoP | N/A | $63.9M |
| Charges for the use of intellectual property, receipts BoP | N/A | $882k |
| Expense, % of GDP | 57.9% | 35.9% |
| Government Expenditure, % of GDP | N/A | 33.4% |
