PhilipWilliams
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pm | | Economy of Marshall Islands (18th Dec 22 at 9:55am UTC) | | The national currency is the US dollar. The symbol used for this currency is $ and is abbreviated to USD. 3.2% of the country's population is unemployed. The total number of unemployed in the Marshall Islands is 1,701. Each year, the Marshall Islands export about US$0.05 billion and import about US$0.12 billion. The country's Gini index is 40.8. The Marshall Islands has a public debt equal to 76.5% of the country's gross domestic product (GDP) as estimated in 2012. The Marshall Islands are considered a developing country. A nation's level of development is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality and quality of life. The country's main industries are copra, tuna processing, tourism, handicrafts (made of shells, wood and beads).
The total Gross Domestic Product (GDP) measured at Purchasing Power Parity (PPP) in the Marshall Islands is US$182 billion. Consumers spend around $155 million every year. The ratio of consumer spending to GDP in the Marshall Islands is 82%, and the ratio of consumer spending to world consumer market is 0.0004. Personal income tax ranges from 0% to 12% depending on your specific situation and income level. VAT in the Marshall Islands is 4%. In 2013, the Marshall Islands received $76 million in foreign aid. In 2014, foreign aid totaled $82.5.
https://www.confiduss.com/en/jurisdictions/the-marshall-islands/economy/ | |
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