Marshall Islands
Description of Marshall Islands
The Marshall Islands, a small island nation in the central Pacific Ocean, holds strategic importance due to its location and geopolitical significance. With a unique history of being a former trust territory administered by the United States, the Marshall Islands gained independence in 1986 and have since established themselves as a sovereign nation. Despite their small size and population, the Marshall Islands face various challenges such as climate change, economic development, and foreign relations. This website aims to explore the macroeconomic indicators, geopolitical dynamics, and developmental trends that shape the present and future of the Marshall Islands.
Population And Age Structure
Population, total: The population of Marshall Islands is 43,413, which is significantly below the average population of 40,097,746. Marshall Islands is ranked 188 out of 194 countries in terms of total population.
Population ages 0-14 (% of total population): In Marshall Islands, 34.12% of the population falls between the ages of 0-14, which is higher than the average of 27.34%. Marshall Islands is ranked 58 out of 194 countries in this age group.
Population ages 0-14, total: The total number of individuals aged 0-14 in Marshall Islands is 14,812, much lower than the average of 10,327,379. Marshall Islands ranks 184 out of 194 countries in this category.
Population ages 15-64 (% of total population): Marshall Islands has 61.97% of its population aged between 15-64, slightly below the average of 63.44%. The country is ranked 132 out of 194 in this age group.
Population ages 15-64, total: The total population aged 15-64 in Marshall Islands is 26,903, significantly lower than the average of 26,003,407. Marshall Islands ranks 188 out of 194 countries in this age bracket.
Population ages 65 and above (% of total population): Marshall Islands has 3.91% of its population aged 65 and above, much lower than the average of 9.22%. The country is ranked 140 out of 194 in this age category.
Population ages 65 and above, total: The total population aged 65 and above in Marshall Islands is 1,698, significantly below the average of 3,766,959. Marshall Islands ranks 191 out of 194 countries in this age group.
Summary
In summary, Marshall Islands has a relatively small population with a higher percentage of individuals in the younger age groups compared to the global average. The country also has a lower percentage and total number of people in the older age bracket. These demographic indicators are important as they can influence healthcare, education, labor force dynamics, and social welfare policies in Marshall Islands, shaping the country's developmental trajectory.
Population Miscellaneous
1. Rural population: Marshall Islands has a lower rural population of 9,640 compared to the average of 18,044, making it below average. The country is ranked 184th out of 190 countries in the dataset.
2. Rural population (% of total population): The rural population in Marshall Islands is 22.206% of the total population, which is below the average of 41.158%. The country is ranked 142nd out of 190 countries in this metric.
3. Urban population: With an urban population of 33,773, Marshall Islands is significantly below the average of 22,425,747. The country ranks 185th out of 194 countries in urban population.
4. Urban population (% of total population): Marshall Islands has an urban population of 77.794% of the total population, which is above the average of 59.691%. The country ranks 53rd out of 194 countries in this aspect.
5. Age dependency ratio (% of working-age population): The age dependency ratio in Marshall Islands is 61.369%, slightly above the average of 59.219%. The country is ranked 63rd out of 194 countries.
6. Birth rate, crude: The crude birth rate in Marshall Islands is 20.006 births per 1,000 people, which is above the average of 19.384. The country ranks 79th out of 192 countries in this statistic.
7. Death rate, crude: Marshall Islands has a crude death rate of 7.425 per 1,000 people, below the average of 8.214. The country is ranked 103rd out of 192 countries.
8. Fertility rate, total: The total fertility rate in Marshall Islands is 2.777 births per woman, higher than the average of 2.603. The country ranks 69th out of 190 countries in fertility rate.
Summary
Marshall Islands exhibits a lower rural population and a higher urban population compared to global averages. The country also has a slightly higher age dependency ratio and fertility rate, along with a lower crude death rate. These indicators are crucial as they reflect the demographic composition, social welfare needs, and potential economic growth trajectory of Marshall Islands.
Natural Resources
Forest area in Marshall Islands is significantly lower than the global average of 211,606. Marshall Islands ranks 176 out of 191 countries in terms of forest area among the data set.
Land area in Marshall Islands is much below the average of 665,166 sq. km. Marshall Islands ranks 189 out of 194 countries in land area among the dataset.
Surface area in Marshall Islands is also notably below the average of 689,779 sq. km. Marshall Islands holds the 189th rank out of 194 countries in surface area among the dataset.
Arable land in Marshall Islands is significantly below the average of 7,329,543 hectares. Marshall Islands is ranked 188th out of 190 countries in terms of arable land among the dataset.
Summary
Marshall Islands lags significantly behind the global averages and ranks near the bottom in terms of forest area, land area, surface area, and arable land. These statistics are crucial as they highlight Marshall Islands' limited natural resources and land availability, which can impact its agricultural, environmental, and economic development prospects. The country may face challenges in sustaining its ecosystem, supporting agriculture, and attracting investments for land-dependent industries.
Commodities
Marshall Islands' Aquaculture production is significantly below the attribute average, ranking 171 out of 180 countries. In terms of Capture fisheries production, Marshall Islands also falls below the average, ranking 81 out of 190 countries. When considering Total fisheries production, Marshall Islands remains below the average, ranking 84 out of 182 countries.
Summary
Marshall Islands' Aquaculture, Capture fisheries, and Total fisheries production all rank below the global average when compared to other countries. This indicates a lower level of productivity and efficiency in the country's fisheries sector, which could potentially impact its food security, economic development, and ability to compete in international markets.
Intellectual Property
Marshall Islands has a low focus on Scientific and technical journal articles, with a value of 1.58, significantly below the attribute average of 15103.76. The country ranks 190th out of 192 countries in this indicator.
Summary
Marshall Islands exhibits a notably low emphasis on Scientific and technical journal articles, scoring only 1.58 compared to the global average of 15103.76. This places the country at the 190th position out of 192 nations analyzed. The lack of focus on scientific research and publication could hinder the country's innovation capacity, technological advancements, and overall competitiveness in a knowledge-based global economy.
Broad Economy Attributes
When examining the GDP (current US$) of the Marshall Islands, it is significantly below the attribute average of $442,870,224,838.68, ranking 186th out of 189 countries included in the data.
The GDP, PPP (current international $) for the Marshall Islands is also notably lower than the attribute average of $734,141,122,350.78, placing the country at the 178th rank out of 181 countries.
Marshall Islands' GDP per capita (current US$) stands at $5,545.60, which is below the average of $15,462.11, ranking the country at 97th out of 190 countries in the dataset.
Similarly, the GDP per capita, PPP (current international $) for Marshall Islands is $6,045.39, lower than the average of $21,251.89, positioning the country at the 126th rank out of 181 countries.
Considering the GNI (current US$) of Marshall Islands is $286,147,144.32, it falls significantly below the average of $452,040,815,370.70, ranking 182nd out of 185 countries.
Marshall Islands' GNI, PPP (current international $) is also notably lower than the average of $730,698,223,823.47, with the country ranked 179th out of 181 countries in the dataset.
Furthermore, the GNI per capita, PPP (current international $) for Marshall Islands is $7,190, which is below the average of $20,615.75, placing the country at the 122nd rank out of 181 countries.
Summary
The Marshall Islands consistently fall below global averages in key macroeconomic indicators such as GDP, GDP per capita, GNI, and GNI per capita, both in absolute terms and in comparison to other countries. These statistics indicate that the Marshall Islands faces significant economic challenges and lags behind many other nations in terms of economic productivity and wealth generation.
These findings are important as they highlight the urgent need for targeted economic development strategies and international support to bolster the Marshall Islands' economy, improve standards of living for its citizens, and enhance its overall competitiveness on the global stage.
Broad Value Added
The Gross value added at basic prices (GVA) in Marshall Islands is $237,498,245.24, which is significantly below the average of $360,070,943,595.12. Marshall Islands ranks 174th out of 176 countries in this attribute.
Marshall Islands' Agriculture, forestry, and fishing value added (% of GDP) is 19.99%, higher than the average of 10.86%. The country ranks 36th out of 182 countries in this category.
In Agriculture, forestry, and fishing value added (current US$), Marshall Islands' value is $48,138,483.05, much lower than the average of $19,924,732,828.07. The country ranks 174th out of 182 countries.
Services value added (% of GDP) in Marshall Islands is 68.77%, surpassing the average of 56.72%. The country ranks 28th out of 183 countries in this attribute.
Marshall Islands' Services value added in current US$ is $165,554,592.70, significantly lower than the average of $295,837,711,130.69. The country ranks 182nd out of 183 countries in this aspect.
The Industry (including construction) value added in current US$ for Marshall Islands is $32,259,316.44, well below the average of $118,421,095,413.50. The country ranks 181st out of 183 countries in this category.
Summary
Marshall Islands exhibits a significant disparity in its macroeconomic indicators compared to global averages, with lower-than-average Gross Value Added, Agriculture, Forestry, and Fishing Value Added, Services Value Added, and Industry Value Added. Despite its high ranking in Agriculture, Forestry, and Fishing Value Added (% of GDP), the country lags behind in the actual monetary value added in this sector. These findings are crucial as they highlight the challenges faced by Marshall Islands in diversifying its economy, improving productivity, and boosting overall economic growth.
Manufacturing Value Added
Marshall Islands has a Manufacturing, value added (current US$) of $7,768,293.38, ranking 171 out of 173 countries. This is significantly below the attribute average of $76,207,179,589.66.
Additionally, Marshall Islands has a Manufacturing, value added (% of GDP) of 3.23%, ranking 158 out of 173 countries. This is notably below the attribute average of 11.90%.
Summary
The Marshall Islands exhibits a relatively low Manufacturing value added both in absolute terms and as a percentage of its GDP compared to other countries globally. This indicates a significant gap in the country's industrial output and economic diversification when benchmarked against the global average. These indicators are crucial as they highlight the limitations in the Marshall Islands' manufacturing sector, suggesting potential challenges in achieving sustainable economic growth and development.
Money
Inflation, GDP deflator (annual %): In Marshall Islands, the inflation rate based on GDP deflator is 6.81%, slightly below the average of 6.90%. Marshall Islands is ranked 27th out of 188 countries in this attribute data set.
Summary
Marshall Islands' inflation rate, as measured by the GDP deflator, stands at 6.81%, slightly below the global average of 6.90%. This places Marshall Islands at the 27th position out of 188 countries in this indicator. These findings are significant as they reflect the country's price levels and overall economic performance relative to other nations, providing insights into Marshall Islands' competitiveness and potential challenges in maintaining stable economic growth.
Consumption Expenditure
Final consumption expenditure (current US$): Marshall Islands has a final consumption expenditure of $318,059,243.20, significantly below the average of $381,630,252,515.38 for 159 countries, ranking 158th.
Final consumption expenditure (% of GDP): Marshall Islands' final consumption expenditure as a percentage of GDP is 132.11%, well above the average of 82.37% for 159 countries, ranking 3rd.
General government final consumption expenditure (current US$): Marshall Islands' expenditure by the general government is $147,972,381.59, notably higher than the average of $93,676,578,238.03 for 158 countries, ranking 154th.
General government final consumption expenditure (% of GDP): Marshall Islands spends 61.46% of its GDP on general government consumption expenditure, significantly higher than the average of 18.71% for 158 countries, ranking 2nd.
Household and NPISHs Final consumption expenditure (current US$): Marshall Islands' expenditure by households and NPISHs is $170,086,861.61, far below the average of $290,127,571,157.69 for 158 countries, ranking 157th.
Households and NPISHs final consumption expenditure (% of GDP): Marshall Islands' households and NPISHs expenditure as a percentage of GDP is 70.65%, slightly above the average of 63.68% for 158 countries, ranking 53rd.
Summary
Marshall Islands has a significantly lower final consumption expenditure in terms of current US dollars compared to the global average, ranking 158th out of 159 countries. However, Marshall Islands' final consumption expenditure as a percentage of GDP is notably high, ranking 3rd globally. The country's government expenditure surpasses the average, ranking 154th in terms of US dollars spent, and 2nd in terms of percentage of GDP spent. These indicators are important as they provide insights into Marshall Islands' economic priorities, allocation of resources, and overall economic health compared to other nations.
Investment
Foreign direct investment, net (BoP, current US$): Marshall Islands received a net negative FDI of -3045061.11 USD, which is above the average of -1615235980.51 USD. The country ranks 40 out of 169 countries in this attribute data.
Foreign direct investment, net inflows (BoP, current US$): Marshall Islands recorded a net FDI inflow of 3045061.11 USD, below the average of 5749271080.15 USD. It holds the 152nd rank out of 182 countries in this dataset.
Foreign direct investment, net inflows (% of GDP): Marshall Islands had FDI inflows equivalent to 1.26% of its GDP, which is under the average of 2.61%. The country is ranked 107 out of 178 countries in this category.
Portfolio Investment, net (BoP, current US$): Marshall Islands experienced a net portfolio investment of -7062543 USD, significantly below the average of 679559169.57 USD. It ranks 86 out of 159 countries in this metric.
Summary
Marshall Islands received a net negative foreign direct investment, which indicates lower investor confidence compared to the global average. The country also had below-average net FDI inflows and portfolio investments. These indicators suggest that Marshall Islands may face challenges in attracting investment, which could impact its economic growth and development prospects in the long term.
Broad Trade Attributes
"Trade (% of GDP)": Marshall Islands has a Trade value of 108.29% of GDP, which is above the average of 82.34%. It ranks 34 out of 163 countries.
"Merchandise trade (% of GDP)": Marshall Islands has a Merchandise trade value of 49.01% of GDP, below the average of 60.01%. It ranks 99 out of 186 countries.
"Trade in services (% of GDP)": Marshall Islands has a Trade in services value of 29.51% of GDP, above the average of 24.63%. It ranks 32 out of 171 countries.
"External balance on goods and services (current US$)": Marshall Islands has an External balance on goods and services of -89092544.56 current US$, below the average of 3405509011.13 current US$. It ranks 68 out of 163 countries.
"External balance on goods and services (% of GDP)": Marshall Islands has an External balance on goods and services of -37.01% of GDP, below the average of -5.97% of GDP. It ranks 157 out of 163 countries.
Summary
Marshall Islands exhibits a high level of trade as a percentage of its GDP, ranking above average globally. However, its merchandise trade as a percentage of GDP lags behind the average, impacting its overall trade balance. The country's negative external balance on goods and services, both in absolute terms and as a percentage of GDP, raises concerns about its economic stability and potential reliance on external financing.
These indicators are crucial as they reflect Marshall Islands' integration into the global economy, its reliance on trade for economic growth, and its ability to maintain a balanced external financial position. Monitoring these metrics helps assess the country's economic resilience, vulnerabilities to external shocks, and its capacity to meet international payment obligations.
Net Trade
- Marshall Islands has a Current account balance of $90,281,142.32, below the average of
$1,443,864,831.49, ranking 61st out of 170 countries.
- The Current account balance (% of GDP) in Marshall Islands is 37.50%, significantly above the average of
-2.36%, ranking 2nd out of 170 countries.
- Marshall Islands has a Net trade in goods and services of -$44,802,779.31, well below the average of
$2,604,730,003.57, ranking 68th out of 171 countries.
- The Net primary income for Marshall Islands is $67,676,916.94, above the average of -$903,807,529.74,
ranking 36th out of 170 countries.
- Marshall Islands' Net secondary income is $67,407,004.70, surpassing the average of -$269,227,340.40,
ranking 108th out of 170 countries.
- The Net trade in goods for Marshall Islands is $9,797,069.65, below the average of $1,302,831,005.68,
ranking 67th out of 171 countries.
- Marshall Islands' Net capital account stands at $10,757,669.05, much below the average of
$136,543,824.05, ranking 108th out of 159 countries.
- The Net financial account for Marshall Islands is $39,653,277.62, significantly above the average of
-$469,840,994.63, ranking 68th out of 170 countries.
Summary
Marshall Islands exhibits strong economic resilience with a current account balance and current account balance (% of GDP) well above global averages, showcasing a robust trade position. Despite facing challenges in net trade of goods and services, the country excels in generating primary income. This data underscores Marshall Islands' ability to attract foreign investments and maintain a positive financial account, contributing to its overall economic stability and growth prospects.
Broad Export Attributes
The Exports of goods, services and primary income in Marshall Islands amount to $177,734,685.09, significantly below the average of $146,238,908,936.30, ranking 164 out of 170 countries for which data is available.
Marshall Islands' Exports of goods and services (BoP, current US$) is $88,042,288.66, well below the average of $122,938,540,059.78, ranking 166 out of 170 countries.
The country's Exports of goods and services stands at $85,811,126.71, also below the $129,596,864,610.19 average, placing Marshall Islands at the 160th position out of 163 countries.
The Exports of goods and services as a percentage of GDP for Marshall Islands is 35.64%, slightly lower than the average of 38.19%. The country ranks 65 out of 163 nations.
In terms of Goods exports (BoP, current US$), Marshall Islands has exports valued at $79,819,055.55, falling short of the $93,310,581,697.39 average. The country is ranked 158 out of 171 countries in this category.
Summary
Marshall Islands' export performance across various indicators, such as total exports, goods and services exports, and goods exports as a percentage of GDP, consistently falls below global averages. The country ranks lower than most nations in these categories, reflecting its relatively limited contribution to the global export market. These statistics are crucial as they highlight Marshall Islands' challenges in terms of export competitiveness and economic diversification, emphasizing the need for strategies to boost export capabilities and enhance overall economic resilience.
Merchandise Exports
Marshall Islands has a Merchandise exports (current US$) value of 44,000,000. This is significantly below the attribute average of 89,542,711,229.95. The country ranks 178 out of 187 countries in this particular statistic.
Summary
Marshall Islands' merchandise exports are valued at $44,000,000, which is substantially lower than the global average of $89,542,711,229.95, placing the country at 178th out of 187 countries in this aspect. This indicates a significant trade imbalance and potential economic challenges for Marshall Islands, as low export levels can limit foreign exchange earnings, economic growth, and overall development opportunities.
Service Exports
Marshall Islands has a remarkably low value of $8,223,233.12 for Service exports (BoP, current US$), far below the high average of $28,917,292,503.82, ranking 170th out of 171 countries in the dataset. This indicates a significant gap in service export performance compared to other countries.
Marshall Islands' ICT service exports (BoP, current US$) amount to $107,759.70, significantly lower than the average of $4,578,501,153.77. This places Marshall Islands in 165th position out of 166 countries, showcasing a substantial underperformance in this sector.
The ICT service exports (% of service exports, BoP) for Marshall Islands stand at 1.31%, substantially lower than the average of 11.75%. With a rank of 154 out of 166 countries, Marshall Islands is lagging behind in leveraging ICT services for overall export activities.
Marshall Islands excels in the category of Communications, computer, etc. (% of service exports, BoP), with a high value of 93.91%, surpassing the average of 45.85%. This places Marshall Islands in the top position, outperforming 168 other countries in leveraging technology-related services for exports.
In terms of Transport services (% of service exports, BoP), Marshall Islands has a relatively low value of 6.09%, well below the average of 21.80%. This places Marshall Islands in 139th position out of 169 countries, indicating room for growth and optimization in this sector.
Summary
Marshall Islands demonstrates a significant underperformance in service exports, particularly in ICT service exports and ICT service exports as a percentage of total service exports. However, the country excels in leveraging technology-related services for exports, particularly in the category of Communications, computer, etc. This highlights both the challenges and opportunities for Marshall Islands in diversifying and maximizing its export potential, especially in the rapidly evolving ICT sector.
Commercial Service Exports
Marshall Islands' commercial service exports amount to $1,040,315.12, significantly below the average of $28,508,218,402.80, ranking 171 out of 171 countries in the dataset. The country's computer, communications, and other services contribute 51.84% to its commercial service exports, above the average of 42.44%, placing Marshall Islands at 66 out of 169 countries. Additionally, Marshall Islands heavily relies on transport services for its commercial service exports with 48.16%, well above the average of 23.37%, ranking 20 out of 169 countries.
Summary
Marshall Islands has a significantly low level of commercial service exports compared to the global average, ranking last out of all countries in the dataset. The country heavily depends on computer, communications, and other services for its exports, surpassing the average contribution percentage. Additionally, transport services play a crucial role in Marshall Islands' commercial service exports, indicating a specific sectoral focus.
These findings are crucial as they highlight Marshall Islands' economic reliance on specific service sectors for its export revenue. Understanding these patterns can inform policymakers and stakeholders on potential areas for diversification and growth within the country's service-oriented economy.
Broad Import Attributes
Marshall Islands' Imports of goods and services (current US$) amount to 174,903,671.26, which is significantly below the attribute average of 126,191,355,599.06. The country ranks 161 out of 163 countries in this dataset.
Imports of goods and services (% of GDP) in Marshall Islands stand at 72.65%, notably above the attribute average of 44.15%. The country holds the 17th rank out of 163 countries.
Marshall Islands' Goods imports (BoP, current US$) total 70,021,985.89, much lower than the attribute average of 92,007,788,027.17. The country ranks 170 out of 171 in this category.
For Imports of goods and services (BoP, current US$), Marshall Islands records 132,845,067.97, markedly below the attribute average of 120,321,577,988.12. The country holds the 169th rank out of 170 countries.
Marshall Islands' Imports of goods, services, and primary income (BoP, current US$) amount to 154,860,547.46, also below the attribute average of 144,514,428,722.28. The country ranks 168 out of 170 countries in this dataset.
Summary
Marshall Islands demonstrates a consistent pattern of below-average imports across various categories when compared to a broader dataset of countries. This indicates a potential limitation in their ability to access foreign goods and services, which could impact their economic development and competitiveness on the global stage.
Merchandise Imports
For Merchandise imports (current US$), Marshall Islands recorded a value of $74,000,000, which is significantly below the attribute average of $89,385,605,263. The country ranks 188 out of 190 countries in this statistic.
In terms of Merchandise imports by the reporting economy, residual (% of total merchandise imports), Marshall Islands reported a percentage of 0.000454297984228773, substantially lower than the attribute average of 2.51%. Marshall Islands holds the 173rd position out of 180 countries in this category.
Summary
The Marshall Islands has a low value of $74,000,000 for merchandise imports (current US$), ranking 188 out of 190 countries in this statistic. Additionally, the country reports a very low percentage of 0.000454297984228773 for merchandise imports by the reporting economy, placing 173rd out of 180 countries in this category. These indicators suggest that Marshall Islands has limited trade activity, potentially indicating challenges in terms of economic development, diversity, and global integration.
Service Imports
Analysis of key service import attributes for Marshall Islands:
- Service imports (BoP, current US$): The focus country value is significantly below the attribute average, ranking 168 out of 171 countries in the dataset.
- Communications, computer, etc. (% of service imports, BoP): Marshall Islands' value is slightly above the average, ranking 86 out of 169 countries.
- Transport services (% of service imports, BoP): The focus country value is slightly below the attribute average, ranking 77 out of 169 countries.
- Travel services (% of service imports, BoP): Marshall Islands' value is well above the average, ranking 34 out of 169 countries.
- Insurance and financial services (% of service imports, BoP): The focus country value is significantly below the attribute average, ranking 169 out of 169 countries.
Summary
In analyzing key service import attributes for Marshall Islands, it is evident that the country performs significantly below average in service imports (BoP, current US$) and in insurance and financial services (% of service imports, BoP). However, Marshall Islands excels in travel services (% of service imports, BoP), ranking well above the average. These indicators are crucial as they highlight the country's strengths and weaknesses in different service sectors, providing insights for policymakers to focus on areas that need improvement and capitalize on areas of competitive advantage.
Commercial Service Imports
Marshall Islands has a Commercial service imports of $56,776,271.08, ranking 168 out of 171 countries. This value is significantly below the average of $27,102,746,128.60.
Computer, communications and other services (% of commercial service imports) in Marshall Islands is 39.87%, slightly below the average of 41.71%. The country ranks 93 out of 169 countries in this category.
Insurance and financial services (% of commercial service imports) in Marshall Islands is 0.12%, much lower than the average of 8.85%. The country ranks 169 out of 169 countries for this attribute.
Transport services (% of commercial service imports) in Marshall Islands is 35.85%, above the average of 34.71%. The country ranks 70 out of 169 countries in this aspect.
Travel services (% of commercial service imports) in Marshall Islands make up 24.16% of the total, significantly above the average of 14.73%. Marshall Islands ranks 31 out of 169 countries for this attribute.
Summary
Marshall Islands stands out with a significantly low Commercial service imports value compared to the global average. The country's allocation towards Computer, communications, and other services is slightly below average, while its focus on Transport services is above average. Notably, Marshall Islands places a strong emphasis on Travel services, surpassing the global average by a significant margin. These indicators are crucial as they reveal Marshall Islands' trading patterns and sectoral priorities, providing insights into its economic strengths and areas for potential growth and development.
Infrastructure
In terms of Air transport, freight (million ton-km), the Marshall Islands have a value of 0.084844, significantly below the average of 1384.3654403116147. This places the Marshall Islands at rank 118 out of 126 countries for this attribute.
Regarding Air transport, registered carrier departures worldwide, the Marshall Islands have 1918 departures, well below the average of 134365.60535838926 departures. This puts the Marshall Islands at rank 124 out of 149 countries in this category.
Concerning Air transport, passengers carried, the Marshall Islands transport 25563 passengers, which is notably lower than the average of 11848242.70036577 passengers. This performance ranks the Marshall Islands at 136 out of 149 countries considered for this statistic.
Summary
The Marshall Islands lag significantly behind the global averages in key air transport indicators. With below-average values in air freight, registered carrier departures, and passengers carried, the country ranks towards the bottom among its peers. These findings are crucial as they highlight the limited air transport infrastructure and connectivity of the Marshall Islands, which may hinder its economic development, trade opportunities, and global integration.
Information Technology Infrastructure
Regarding Secure Internet servers, Marshall Islands has 61 servers, which is significantly below the average of 458,294. Marshall Islands ranks 170 out of 193 countries in this attribute.
For Secure Internet servers (per 1 million people), Marshall Islands has 1405.11 servers per 1 million people, well below the average of 14067.17. It ranks 73 out of 193 countries in this category.
In terms of Fixed broadband subscriptions, Marshall Islands has 1000 subscriptions, significantly lower than the average of 6,591,956.35 subscriptions. Marshall Islands ranks 181 out of the 185 countries included in the data.
Regarding Mobile cellular subscriptions, Marshall Islands has 16,000 subscriptions, which is notably lower than the average of 42,526,463.87. Marshall Islands ranks 191 out of 193 countries for this attribute.
Summary
Marshall Islands lags significantly behind the global average in key macroeconomic indicators such as secure internet servers, fixed broadband subscriptions, and mobile cellular subscriptions. This hinders the country's connectivity and access to essential digital resources, potentially impacting its economic competitiveness and ability to participate effectively in the digital economy.
Energy Consumption
Marshall Islands's renewable energy consumption stands at 11.97% of total final energy consumption, significantly below the average of 32.18%. This places Marshall Islands at rank 133 out of 191 countries in the dataset.
On the other hand, Marshall Islands emits 110kt of CO2, a figure much lower than the average of 171,895.94kt. This places Marshall Islands at rank 184 out of 188 countries in the dataset.
Summary
Marshall Islands has a low renewable energy consumption rate and emits significantly less CO2 compared to the global average. While this positions the country at relatively lower rankings in the dataset, it also indicates the potential for sustainable development initiatives and environmental conservation efforts. These findings are crucial as they highlight areas where Marshall Islands can focus on to improve its energy sustainability and environmental impact, contributing to global efforts in combating climate change.
Government Balance Sheet
The Marshall Islands' net acquisition of financial assets is 4.93% of GDP, which is notably higher than the average of 2.45%. This places the Marshall Islands at rank 13 out of 87 countries for this attribute.
On the contrary, the net incurrence of liabilities for the Marshall Islands is -0.10% of GDP, significantly lower than the average of 7.43%. This places the Marshall Islands at rank 89 out of 92 countries for this attribute.
When it comes to reserves and related items, the Marshall Islands holds $102.18 in current US dollars, a considerable difference from the average of $1,924,406,186.58. This ranks the Marshall Islands at 96 out of 171 countries for this attribute.
Summary
The Marshall Islands demonstrate a unique financial profile compared to other countries. While excelling in net acquisition of financial assets, ranking 13 out of 87 countries, they lag significantly in the incurrence of liabilities, placing 89 out of 92. The low level of reserves also sets them apart, ranking 96 out of 171 countries. These statistics are crucial as they indicate the Marshall Islands' approach to managing its financial resources, showcasing a strong focus on asset acquisition despite limited reserves, which could impact its economic stability and growth prospects.
Government Revenue
Marshall Islands' Revenue, excluding grants (% of GDP) is at 31.41%, which is above the average of 27.02%. This places Marshall Islands at rank 38 out of 122 countries in the data set.
Grants and other revenue (% of revenue) for Marshall Islands stand at 75.78%, significantly higher than the average of 23.54%, ranking Marshall Islands at an impressive 4th out of 108 countries.
Taxes on goods and services (% of revenue) in Marshall Islands are at 8.39%, below the average of 31.82%. This positions Marshall Islands at rank 117 out of 122 countries.
Marshall Islands' Taxes on international trade (% of revenue) are 5.41%, slightly below the average of 6.24%, giving Marshall Islands a rank of 38 out of 101 countries.
Other taxes (% of revenue) for Marshall Islands constitute 0.75%, lower than the average of 2.12%, placing Marshall Islands at rank 60 out of 106 countries.
In terms of Taxes on income, profits and capital gains (% of revenue), Marshall Islands reports 9.67%, which is under the average of 24.66%. This puts Marshall Islands at rank 107 out of 119 countries.
Summary
Marshall Islands stands out with high revenue excluding grants (% of GDP) and grants and other revenue (% of revenue), ranking 38th and 4th respectively out of all countries in the dataset. However, the country ranks lower in taxes on goods and services, international trade, income, profits, and capital gains, and other taxes compared to the global average, positioning it at ranks 117th, 38th, 107th, and 60th respectively. These statistics are crucial as they provide insights into Marshall Islands' fiscal health, economic structure, and reliance on grants for revenue generation in comparison to other nations.
Taxes
Analysis of key statistics for Marshall Islands:
1. Tax revenue (% of GDP): Marshall Islands has a tax revenue of 17.23% of GDP, slightly above the average of 16.72%. It ranks 55th out of 123 countries in this attribute.
2. Customs and other import duties (% of tax revenue): Marshall Islands has a value of 22.34%, significantly higher than the average of 9.01%. This places Marshall Islands at rank 9 out of 99 countries.
3. Taxes on income, profits and capital gains (% of total taxes): Marshall Islands' value is 39.94%, above the average of 38.40%. The country ranks 55th out of 120 countries in this aspect.
Summary
Marshall Islands demonstrates a relatively high tax revenue of 17.23% of GDP, placing it slightly above the global average. The significant customs and import duties percentage of 22.34% further underscores the country's reliance on trade-related revenue streams. Although the taxes on income, profits, and capital gains are slightly higher than the average at 39.94%, Marshall Islands remains competitive in this aspect, ranking 55th globally out of 120 countries. These statistics are crucial indicators of the country's fiscal policy effectiveness, trade dependencies, and revenue sources, offering insights into its economic stability and financial management strategies.
Government Expenses
1. Expense (% of GDP): The Marshall Islands allocate 59.70% of their GDP towards expenses, ranking 3rd out of 123 countries. This percentage is significantly higher than the average of 31.69% for all countries included in the data.
2. Compensation of employees (% of expense): Marshall Islands spend 35.32% of their expenses on employee compensation, ranking 25th out of 123 countries. This percentage is higher than the average of 24.70% for all countries in the dataset.
3. Goods and services expense (% of expense): Marshall Islands dedicate 25.88% of their expenses to goods and services, ranking 13th out of 122 countries. This percentage is notably higher than the average of 14.77% for all countries in the dataset.
4. Interest payments (% of expense): The Marshall Islands spend 0.46% of their expenses on interest payments, ranking 117th out of 121 countries. This percentage is significantly below the average of 6.85% for all countries in the data.
5. Other expense (% of expense): Marshall Islands allocate 21.27% of their expenses to other categories, ranking 6th out of 120 countries. This percentage is notably higher than the average of 8.29% for all countries included in the dataset.
6. Subsidies and other transfers (% of expense): Marshall Islands allocate 17.07% of their expenses to subsidies and transfers, ranking 110th out of 121 countries. This percentage is significantly below the average of 43.29% for all countries in the data.
Summary
The Marshall Islands allocate a significant portion of their GDP towards expenses, with a higher-than-average focus on employee compensation, goods and services, and other categories, but comparatively low spending on interest payments and subsidies/transfers. These indicators are crucial as they provide insight into the government's spending priorities, efficiency in resource allocation, and potential areas for policy adjustments to improve economic development and sustainability.
Top Stats
Ranks in Top Decile For:
| Attribute | Rank/Total |
|---|---|
| Final consumption expenditure (% of GDP) | 3/159 |
| General government final consumption expenditure (% of GDP) | 2/158 |
| Current account balance (% of GDP) | 2/170 |
| Communications, computer, etc. (% of service exports, BoP) | 1/169 |
| Grants and other revenue (% of revenue) | 4/108 |
| Customs and other import duties (% of tax revenue) | 9/99 |
| Expense (% of GDP) | 3/123 |
| Other expense (% of expense) | 6/120 |
Ranks in Bottom Decile For:
| Attribute | Rank/Total |
|---|---|
| Population, total | 188/194 |
| Population ages 0-14, total | 184/194 |
| Population ages 15-64, total | 188/194 |
| Population ages 65 and above, total | 191/194 |
| Rural population | 184/190 |
| Urban population | 185/194 |
| Forest area (sq. km) | 176/191 |
| Land area (sq. km) | 189/194 |
| Surface area (sq. km) | 189/194 |
| Arable land (hectares) | 188/190 |
| Aquaculture production (metric tons) | 171/180 |
| Scientific and technical journal articles | 190/192 |
| GDP (current US$) | 186/189 |
| GDP, PPP (current international $) | 178/181 |
| GNI (current US$) | 182/185 |
| GNI, PPP (current international $) | 179/181 |
| Gross value added at basic prices (GVA) (current US$) | 174/176 |
| Agriculture, forestry, and fishing, value added (current US$) | 174/182 |
| Services, value added (current US$) | 182/183 |
| Industry (including construction), value added (current US$) | 181/183 |
| Manufacturing, value added (current US$) | 171/173 |
| Manufacturing, value added (% of GDP) | 158/173 |
| Final consumption expenditure (current US$) | 158/159 |
| General government final consumption expenditure (current US$) | 154/158 |
| Household and NPISHs Final consumption expenditure (current US$) | 157/158 |
| External balance on goods and services (% of GDP) | 157/163 |
| Exports of goods, services and primary income (BoP, current US$) | 164/170 |
| Exports of goods and services (BoP, current US$) | 166/170 |
| Exports of goods and services (current US$) | 160/163 |
| Goods exports (BoP, current US$) | 158/171 |
| Merchandise exports (current US$) | 178/187 |
| Service exports (BoP, current US$) | 170/171 |
| ICT service exports (BoP, current US$) | 165/166 |
| ICT service exports (% of service exports, BoP) | 154/166 |
| Commercial service exports (current US$) | 171/171 |
| Imports of goods and services (current US$) | 161/163 |
| Goods imports (BoP, current US$) | 170/171 |
| Imports of goods and services (BoP, current US$) | 169/170 |
| Imports of goods, services and primary income (BoP, current US$) | 168/170 |
| Merchandise imports (current US$) | 188/190 |
| Merchandise imports by the reporting economy, residual (% of total merchandise imports) | 173/180 |
| Service imports (BoP, current US$) | 168/171 |
| Insurance and financial services (% of service imports, BoP) | 169/169 |
| Commercial service imports (current US$) | 168/171 |
| Insurance and financial services (% of commercial service imports) | 169/169 |
| Air transport, freight (million ton-km) | 118/126 |
| Air transport, passengers carried | 136/149 |
| Fixed broadband subscriptions | 181/185 |
| Mobile cellular subscriptions | 191/193 |
| CO2 emissions (kt) | 184/188 |
| Net incurrence of liabilities, total (% of GDP) | 89/92 |
| Taxes on goods and services (% of revenue) | 117/122 |
| Interest payments (% of expense) | 117/121 |
| Subsidies and other transfers (% of expense) | 110/121 |