The Marshall Islands vs Turkey: Economic Indicators Comparison
Turkey with a GDP of $771.4B ranked the 19th largest economy in the world, while the Marshall Islands ranked 193rd with $221.3M. By GDP per capita, Turkey and the Marshall Islands ranked 78th vs 123rd, respectively.
Gross Domestic Product & Income
| Stat |  Marshall Islands |  Turkey |
|---|---|---|
| GDP | $221.3M | $771.4B |
| GDP growth, 1 year | 3.62% | 2.6% |
| GDP growth, 5-years average | N/A | 4.9% |
| Population | 53k | 82M |
| GDP per capita | $3.8k | $9.4k |
| GDP per capita growth | 2.99% | 1.31% |
| Purchasing Power Parity conversion factor | 0.95 | 1.61 |
| Price level ratio of PPP conversion factor GDP to market exchange rate | 0.95 | 0.33 |
| GDP per capita, PPP adjusted | $4k | $28k |
| GNI, Atlas method | $283.7M | $858.1B |
| GNI per capita | $4.9k | $10k |
| GNI, PPP adjusted | $297.6M | $2.3T |
| GNI per capita, PPP adjusted | $5.1k | $28k |
Financial system and Human development
| Stat | Marshall Islands | Turkey |
|---|---|---|
| Income Tax Rate | N/A | 35% |
| Corporate Tax Rate | N/A | 22% |
| Inflation, consumer prices | N/A | 16.3% |
| Inflation, GDP deflator | 0.3% | 16.4% |
| Unemployment | 4.7% | 10.9% |
| Economic Freedom Index | 58 | 64.4 |
| Personal Freedom Index | 6.2 | 6.97 |
| Human Freedom Index | 6.2 | 6.96 |
| Property Rights Index | N/A | 57.4 |
| Judical Effectiveness Index | N/A | 53.7 |
| Business Freedom Index | N/A | 67 |
| Fiscal Health Index | N/A | 86.1 |
| Labor Freedom Index | N/A | 49.2 |
| Investment Freedom Index | N/A | 70 |
| Financial Freedom Index | N/A | 60 |
| Trade Freedom Index | N/A | 78 |
| Monetary Freedom Index | N/A | 66.1 |
| Government Spending Index | N/A | 64.1 |
| Tax Burden Index | N/A | 76.7 |
| Government Integrity Index | N/A | 44.6 |
| Corruption Perceptions Index | 64 | 41 |
| Life expectancy at birth, years | 65.2 | 77.2 |
| Suicide mortality rate, per 100,000 people | 1 | 7.3 |
| Mortality caused by road traffic injury, per 100,000 people | 5.7 | 12.3 |
| Intentional homicides, per 100,000 people | 4 | 4.3 |
| International tourism, number of arrivals | 6.8k | 45.8M |
Government debt & reserves
| Stat | Marshall Islands | Turkey |
|---|---|---|
| Central government debt, % of GDP | 48.9% | 29.1% |
| External debt stocks, % of GNI | N/A | 59% |
| External debt stocks | N/A | $445.1B |
| Short-term debt, % of total reserves | N/A | 124.1% |
| Total debt service, % of exports and primary income | N/A | 36.7% |
| Adjusted net savings including particulate emission damage, % of GNI | N/A | 11.4% |
| Gross savings, % of GDP | 17.2% | 27.1% |
| Gross capital formation, % of GDP | 23.4% | 29.6% |
| Total reserves including gold | N/A | $93B |
| Foreign direct investment net inflows | $9.8M | $13.1B |
Exports, imports and economic structure
| Stat | Marshall Islands | Turkey |
|---|---|---|
| Exports of goods and services, % of GDP | 40.4% | 29.5% |
| Imports of goods and services, % of GDP | 85.3% | 30.6% |
| Current account balance (balance of payments) | $53M | -$27B |
| Revenue excluding grants, % of GDP | 32.2% | 30.7% |
| Grants excluding technical cooperation, BoP | $50.6M | $1.3B |
| Personal remittances received | $31.5M | $1.1B |
| Industry including construction value added, % of GDP | 12.8% | 29.5% |
| Agriculture, forestry and fishing value added, % of GDP | 15.2% | 5.8% |
| Charges for the use of intellectual property, payments BoP | N/A | $726M |
| Charges for the use of intellectual property, receipts BoP | N/A | $29M |
| Expense, % of GDP | 57.9% | 33.9% |
| Government Expenditure, % of GDP | N/A | 34.6% |
