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Economy of Afghanistan vs Turkmenistan compared: GDP & Debt

Updated on by Georank team

Afghanistan has a GDP of $17.2B compared to $51.4B for Turkmenistan, ranking 137/197 and 92/197 by economy size, respectively.

Afghanistan has $1.44B in government debt (8.8% of GDP), compared to $2.11B (4.11% of GDP) in Turkmenistan.

Afghanistan vs Turkmenistan GDP by year

Afghanistan
Turkmenistan
1x
Year GDP, current $
Afghanistan Turkmenistan
2024 - $51,387,209,872
2023 $17,152,234,637 $45,894,538,666
2022 $14,497,243,872 $42,208,726,138
2021 $14,259,995,441 $40,589,905,812
2020 $19,955,929,052 $41,509,903,182
2019 $18,799,444,490 $40,810,067,975
2018 $18,053,222,687 $40,765,428,571
2017 $18,753,456,498 $37,926,285,714
2016 $18,116,572,395 $36,169,428,571
2015 $19,134,221,645 $35,799,714,286
2014 $20,497,128,556 $43,524,210,526
2013 $20,146,416,758 $39,197,543,860
2012 $19,907,329,778 $35,164,210,526
2011 $17,805,098,206 $29,233,333,333
2010 $15,856,668,556 $22,583,157,895
2009 $12,416,152,732 $20,214,385,965
2008 $10,109,297,048 $19,271,523,179
2007 $9,747,886,187 $12,664,165,103
2006 $6,971,758,282 $10,276,674,365
2005 $6,203,256,539 $8,103,901,996
2004 $5,224,896,719 $6,838,351,088
2003 $4,520,946,819 $5,977,440,583
2002 $3,825,701,439 $4,462,029,109
2001 $2,813,571,754 $3,534,772,732
2000 $3,521,418,060 $2,904,663,311
1999 - $2,450,564,100
1998 - $2,605,689,134
1997 - $2,450,350,625
1996 - $2,378,759,975
1995 - $2,482,228,440
1994 - $2,561,118,608
1993 - $3,179,225,949
1992 - $3,200,539,816
1991 - $3,208,098,919
1990 - $3,189,539,641
1989 - $3,006,988,217
1988 - $3,010,982,414
1987 - $2,331,358,820

Data sources: World Bank | Economy & Growth (1987–2024, retrieved 2026-04-06).

GeoRank.org/economy/afghanistan/turkmenistan | CC BY

GDP per capita in Afghanistan vs Turkmenistan by year

Afghanistan
GDP per capita

GDP per capita, PPP
Turkmenistan
GDP per capita

GDP per capita, PPP
1x
Year Current $
Afghanistan Turkmenistan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 - - $6,857 $21,213
2023 $414 $2,202 $6,232 $19,829
2022 $357 $2,123 $5,838 $18,340
2021 $356 $2,144 $5,723 $16,434
2020 $511 $2,562 $5,973 $15,091
2019 $497 $2,583 $5,998 $15,478
2018 $491 $2,432 $6,125 $14,368
2017 $525 $2,336 $5,828 $13,278
2016 $522 $2,213 $5,687 $12,919
2015 $566 $2,284 $5,759 $12,715
2014 $625 $2,224 $7,164 $12,477
2013 $637 $2,133 $6,600 $11,723
2012 $651 $1,988 $6,054 $11,035
2011 $607 $1,744 $5,144 $10,283
2010 $561 $1,766 $4,059 $8,972
2009 $452 $1,571 $3,708 $8,285
2008 $382 $1,334 $3,606 $7,916
2007 $376 $1,287 $2,415 $6,901
2006 $274.2 $1,122 $1,997 $6,164
2005 $254.2 $1,076 $1,604 $5,489
2004 $221.8 $972 $1,379 $4,798
2003 $198.9 $967 $1,229 $4,536
2002 $179 $927 $936 $4,393
2001 $138.7 $748 $756 $4,401
2000 $174.9 $814 $634 $4,209
1999 - - $546 $3,981
1998 - - $591 $3,432
1997 - - $565 $3,222
1996 - - $558 $3,636
1995 - - $592 $3,405
1994 - - $622 $3,659
1993 - - $788 $4,422
1992 - - $811 $4,351
1991 - - $832 $5,117
1990 - - $848 $5,321
1989 - - $821 -
1988 - - $846 -
1987 - - $675 -

Data sources: World Bank | Economy & Growth (1987–2024, retrieved 2026-04-06).

GeoRank.org/economy/afghanistan/turkmenistan | CC BY

Afghanistan's GDP per capita is $414, ranking 196/197, compared to $6,857 in Turkmenistan, ranking 104/197. Adjusted for purchasing power (GDP per capita PPP), Afghanistan ranks 184th at $2,202, while Turkmenistan ranks 94th at $21,213.

Economic indicators

Afghanistan Turkmenistan
Gross domestic product
$17.2B
2023
$51.4B
2024
GDP rank
137/197
2023
92/197
2024
GDP growth
2.27%
2022-2023
6.3%
2023-2024
GDP per capita
$414
2023
$6,857
2024
GDP per capita rank
196/197
2023
104/197
2024
GDP per capita, PPP
$2,202
2023
$21,213
2024
GDP per capita PPP rank
184/197
2023
94/197
2024
Government debt
$1.44B
2023
$2.11B
2024
Debt-to-GDP ratio
8.8%
2024
4.11%
2024
Government debt per person
$34.8
2023
$282
2024
Government debt per person rank
185/185
2023
179/185
2024
Average annual personal income after taxes
$1,869
2026
$7,520
2026
Income share by richest 10% n/a
31.5%
1998
Income share by poorest 10% n/a
2.4%
1998
Government expenditure, % of GDP
19.4%
2024
14.5%
2024
Consumer prices inflation
-4.3%
2023-2024
4.6%
2023-2024
Central bank interest rate
6%
2021
n/a
Unemployment rate
5.68%
2021
4%
2010
Population
45409324
7776557

Spending and national debt comparison by year

Afghanistan
Spending

Debt
Turkmenistan
Spending

Debt
1x
Year % of GDP
Afghanistan Turkmenistan
Government spending Government debt Government spending Government debt
2024 19.4% 8.8% 14.5% 4.11%
2023 17% 8.42% 13.7% 5.46%
2022 16.1% 10.8% 13% 7.14%
2021 17.9% 11.2% 13.4% 12.3%
2020 27.9% 7.33% 13.5% 15.4%
2019 28% 6.14% 13.6% 17.7%
2018 28.9% 7.38% 13.7% 22.5%
2017 27.7% 8% 17.8% 24.7%
2016 28% 8.44% 14.1% 21.1%
2015 25.9% 9.15% 17.3% 19%
2014 25.4% 8.7% 17% 16%
2013 25% 6.92% 16.9% 20.4%
2012 25% 6.77% 14.7% 17.9%
2011 21.9% 7.52% 15.4% 14.8%
2010 20.8% 7.71% 14.6% 7.04%
2009 21.2% 16.2% 14.4% 3.09%
2008 20.9% 19.1% 11.7% 3.56%
2007 21.4% 20.1% 14.4% 3.06%
2006 18.3% 23% 16% 4.23%
2005 15.7% 206.4% 21.1% 6.82%
2004 15.1% 245% 20.3% 11.4%
2003 11.9% 270.6% 20.8% 16.9%
2002 6.94% 346% 19.4% 24.2%
2001 - - 22.6% 34.1%
2000 - - 25.9% 55.1%
1999 - - 20.8% 66.7%
1998 - - 26.1% 81.6%
1997 - - 26.9% 64.2%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1997–2024, retrieved 2026-02-20).

GeoRank.org/economy/afghanistan/turkmenistan | CC BY

In 2024, Afghanistan's government spending was $2.91B, accounting for 19.4% of its GDP, while Turkmenistan spent $7.46B, or 14.5% of GDP.

Debt-to-GDP ratio is 8.8% in Afghanistan and 4.11% in Turkmenistan, ranking 181/185 and 183/185, respectively.

Government deficit by year

Deficit/surplus
Afghanistan

Turkmenistan
1x
Year Deficit/surplus, % of GDP
Afghanistan Turkmenistan
2024 -0.54% -0.08%
2023 -1.33% 0.11%
2022 -1% 3.38%
2021 -0.48% 0.57%
2020 -2.24% -0.16%
2019 -1.06% -0.4%
2018 1.63% -0.22%
2017 -0.67% -2.84%
2016 0.13% -2.38%
2015 -1.38% -0.7%
2014 -1.72% 0.89%
2013 -0.63% 1.53%
2012 0.18% 7.53%
2011 -0.67% 3.84%
2010 0.93% 2.13%
2009 -1.76% 7.53%
2008 -3.86% 10.7%
2007 -2.46% 4.19%
2006 0.68% 5.64%
2005 -0.92% 0.86%
2004 -2.39% 1.47%
2003 -2.1% 3.99%
2002 -0.1% 0.19%
2001 - 0.77%
2000 - -0.55%
1999 - 2.48%
1998 - 1.15%
1997 - -0.2%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1997–2024, retrieved 2026-02-20).

GeoRank.org/economy/afghanistan/turkmenistan | CC BY

In 2023, Afghanistan's government deficit, the difference between spending and revenue, was $228M, equivalent to 1.33% of GDP. This compares to Turkmenistan's surplus of $50.4M, or 0.11% of GDP.

Over the past 22 years, Afghanistan recorded a fiscal deficit in 17 of those years, while Turkmenistan ran a deficit in 6 years. On average, Afghanistan posted an annual deficit equal to 0.96% of GDP, compared to surplus of 2.18% of GDP for Turkmenistan.

Inflation comparison by year

Inflation
Afghanistan

Turkmenistan
1x
Year Consumer prices inflation
Afghanistan Turkmenistan
2024 -4.3% 4.6%
2023 -7.7% -1.6%
2022 10.6% 11.2%
2021 7.8% 19.5%
2020 5.6% 6.1%
2019 2.3% 5.1%
2018 0.6% 13.3%
2017 5% 8%
2016 4.4% 3.6%
2015 -0.7% 7.4%
2014 4.7% 6%
2013 7.4% 6.8%
2012 6.4% 5.3%
2011 11.8% 5.3%
2010 2.2% 4.4%
2009 -6.8% -2.7%
2008 26.4% 14.5%
2007 8.7% 6.3%
2006 6.8% 8.2%
2005 10.6% 10.7%
2004 16.4% 5.9%
2003 35.7% 5.6%
2002 - 8.8%
2001 - 11.6%
2000 - 8%
1999 - 23.5%
1998 - 16.8%
1997 - 83.7%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20).

GeoRank.org/economy/afghanistan/turkmenistan | CC BY

Over the past 22 years, Afghanistan has recorded an average annual inflation rate of 7%, compared with 6.98% in Turkmenistan. In 2024, inflation was -4.3% in Afghanistan and 4.6% in Turkmenistan.

Top exports between countries

Afghanistan
Export category Export value
Processed food, beverages & tobacco $540K
Raw agricultural goods $291K
Animal & marine products $40K
Textiles & consumer goods $15K
Chemicals & pharma $9K
Raw materials & minerals $3K
Turkmenistan
Export category Export value
Raw materials & minerals $346M
Miscellaneous $31.6M
Machinery & equipment $27.4M
Raw agricultural goods $2.06M
Processed food, beverages & tobacco $1.52M
Chemicals & pharma $1.16M
Wood & paper products $581K
Textiles & consumer goods $80K
Animal & marine products $63K

Balance of trade

Afghanistan Turkmenistan
Current account balance
-$3.14B
2020
n/a
Current account balance ranking
159/190
2020
n/a
Current account balance, % of GDP
-15.7%
2020
n/a
Goods imports
$5.88B
2020
n/a
Goods exports
$777M
2020
n/a
Service imports
$1.11B
2020
n/a
Service exports
$700M
2020
n/a
Imports of goods and services, % of GDP
50.7%
2023
11.2%
2024
Exports of goods and services, % of GDP
16.9%
2023
17.6%
2024

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Afghanistan Turkmenistan
Economic freedom 53 47
Economic freedom ranking 142/197 177/197
Property rights 3.6 17.4
Government integrity 13.5 8.4
Judicial effectiveness 0 12.3
Tax burden 92 94.2
Government spending 90.8 94.3
Fiscal health 98.4 99.9
Business freedom 33.7 37.5
Labor freedom 44.4 29.3
Monetary freedom 84.9 76.7
Trade freedom 68.6 74.2
Investment freedom 10 10
Financial freedom 10 10

Economic freedom comparison by year

Afghanistan
Turkmenistan
1x
Year Economic freedom index
Afghanistan Turkmenistan
2026 - 47
2025 - 47.1
2024 - 46.3
2023 - 46.5
2022 - 46.2
2021 53 47.4
2020 54.7 46.5
2019 51.5 48.4
2018 51.3 47.1
2017 48.9 47.4
2016 - 41.9
2015 - 41.4
2014 - 42.2
2013 - 42.6
2012 - 43.8
2011 - 43.6
2010 - 42.5
2009 - 44.2
2008 - 43.4
2007 - 43
2006 - 43.8
2005 - 47.6
2004 - 50.7
2003 - 51.3
2002 - 43.2
2001 - 41.8
2000 - 37.6
1999 - 36.1
1998 - 35

Data sources: The Heritage Foundation | Economic Freedom Index (1998–2026, retrieved 2026-03-09).

GeoRank.org/economy/afghanistan/turkmenistan | CC BY

The Economic Freedom Index for Afghanistan is 53, ranking 142/197, compared to 47 for Turkmenistan, ranking 177/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Afghanistan Turkmenistan
Services, % of GDP
46.4%
2023
50.4%
2024
Industry, % of GDP
13.4%
2023
37.5%
2024
Agriculture, forestry, and fishing, % of GDP
34.7%
2023
12.2%
2024
GNI, Atlas method
$15.5B
2023
$48.8B
2024
GNI per capita, PPP
$2,210
2023
$21,020
2024
Total reserves including gold
$9.75B
2020
$1.51B
1999
Total reserves ranking
78/177
2020
135/177
1999
Net foreign direct investment
$24.3M
2020
n/a
Net inflows of foreign direct investment
$0
2024
$1.64B
2024
Net outflows of foreign direct investment
$0
2024
$0
2024
Servicing debt to the IMF, % of GNI
0.25%
2023
1.91%
2024
Poverty at national poverty lines
47.1%
2019
0.2%
2020
Gross capital formation, % of GDP
15.3%
2023
47.2%
2012

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/afghanistan/turkmenistan | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1997–2024, retrieved 2026-02-20)
  3. The Heritage Foundation | Economic Freedom Index (1998–2026, retrieved 2026-03-09)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. TradeMap (2019, retrieved 2026-02-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. LivingCost (2026, retrieved 2025-10-14)
  8. Central Intelligence Agency (CIA) (2020, retrieved 2026-02-20)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.