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

StatMarshall IslandsTrinidad and Tobago
GDP$221.3M$23.8B
GDP growth, 1 year3.62%0.3%
GDP growth, 5-years averageN/A-1.5%
Population53k1.4M
GDP per capita$3.8k$17k
GDP per capita growth2.99%-0.66%
Purchasing Power Parity conversion factor0.953.62
Price level ratio of PPP conversion factor GDP to market exchange rate0.950.54
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

StatMarshall IslandsTrinidad and Tobago
Income Tax RateN/A25%
Corporate Tax RateN/A25%
Inflation, consumer pricesN/A1.1%
Inflation, GDP deflator0.3%6.1%
Unemployment4.7%2.8%
Economic Freedom Index5858.3
Personal Freedom Index6.26.88
Human Freedom Index6.26.81
Property Rights IndexN/A56.6
Judical Effectiveness IndexN/A42.1
Business Freedom IndexN/A67.3
Fiscal Health IndexN/A15.9
Labor Freedom IndexN/A76
Investment Freedom IndexN/A60
Financial Freedom IndexN/A50
Trade Freedom IndexN/A67.8
Monetary Freedom IndexN/A77.4
Government Spending IndexN/A66.5
Tax Burden IndexN/A82.6
Government Integrity IndexN/A37.4
Corruption Perceptions Index6441
Life expectancy at birth, years65.273.2
Suicide mortality rate, per 100,000 people113.6
Mortality caused by road traffic injury, per 100,000 people5.712.1
Intentional homicides, per 100,000 people430.9
International tourism, number of arrivals6.8k375k

Government debt & reserves

StatMarshall IslandsTrinidad and Tobago
Central government debt, % of GDP48.9%45.3%
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/AN/A
Gross savings, % of GDP17.2%N/A
Gross capital formation, % of GDP23.4%N/A
Total reserves including goldN/A$8.1B
Foreign direct investment net inflows$9.8M-$602.5M

Exports, imports and economic structure

StatMarshall IslandsTrinidad and Tobago
Exports of goods and services, % of GDP40.4%N/A
Imports of goods and services, % of GDP85.3%N/A
Current account balance (balance of payments)$53M$1.2B
Revenue excluding grants, % of GDP32.2%38.4%
Grants excluding technical cooperation, BoP$50.6M$2.4M
Personal remittances received$31.5M$138.7M
Industry including construction value added, % of GDP12.8%42%
Agriculture, forestry and fishing value added, % of GDP15.2%1%
Charges for the use of intellectual property, payments BoPN/A$63.9M
Charges for the use of intellectual property, receipts BoPN/A$882k
Expense, % of GDP57.9%35.9%
Government Expenditure, % of GDPN/A33.4%

Compare with countries close by GDP per capita

Marshall Islands vs

CountryGDP
per capita
Population
Guyana
$5k
778k
Belize
$4.9k
375k
Azerbaijan
$4.7k
10M
Georgia
$4.7k
3.72M
Guatemala
$4.5k
17.3M
Tonga
$4.4k
108k
Jordan
$4.2k
10.4M
Armenia
$4.2k
2.93M
Samoa
$4.2k
196k
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
6.42M
Indonesia
$3.9k
264M
Tuvalu
$3.7k
11.2k
Cape Verde
$3.6k
546k
Bolivia
$3.5k
11.1M
Tunisia
$3.4k
11.6M
Angola
$3.4k
29.8M
Bhutan
$3.2k
808k
Morocco
$3.2k
36M
Moldova
$3.2k
2.55M
Palestine
$3.2k
4.68M
Vanuatu
$3.1k
276k
Philippines
$3.1k
105M
Ukraine
$3.1k
42.6M
Djibouti
$3.1k
957k
Papua New Guinea
$2.7k
8.25M
Vietnam
$2.6k
94.7M

Trinidad and Tobago vs

CountryGDP
per capita
Population
Taiwan
$25k
23.6M
Bahrain
$24k
1.49M
Portugal
$23k
10.6M
Saudi Arabia
$23k
33M
Estonia
$23k
1.32M
Czech Republic
$23k
10.7M
Vatican City
$21k
1k
Greece
$20k
10.8M
Curacao
$20k
160k
Slovakia
$19k
5.4M
Saint Kitts and Nevis
$19k
55.3k
Lithuania
$19k
2.79M
Barbados
$18k
286k
Latvia
$18k
1.91M
Uruguay
$17k
3.46M
Antigua and Barbuda
$17k
102k
Seychelles
$16k
95.8k
Oman
$16k
4.83M
Hungary
$16k
9.94M
Venezuela
$16k
28.5M
Chile
$16k
18.1M
Palau
$16k
21.7k
Panama
$16k
4.1M
Poland
$15k
38.4M
Croatia
$15k
4.11M
Romania
$12k
19.6M
Costa Rica
$12k
4.91M
Argentina
$12k
44.9M
Malaysia
$11k
31.6M
Russia
$11k
147M