Skip to content

Economy of Andorra vs Turkmenistan compared: GDP & Debt

Updated on by Georank team

Andorra has a GDP of $4.04B compared to $51.4B for Turkmenistan, ranking 166/197 and 92/197 by economy size, respectively.

Andorra vs Turkmenistan GDP by year

Andorra
Turkmenistan
1x
Year GDP, current $
Andorra Turkmenistan
2024 $4,039,842,405 $51,387,209,872
2023 $3,785,065,525 $45,894,538,666
2022 $3,380,611,695 $42,208,726,138
2021 $3,324,648,076 $40,589,905,812
2020 $2,891,002,460 $41,509,903,182
2019 $3,155,150,256 $40,810,067,975
2018 $3,218,418,632 $40,765,428,571
2017 $3,000,160,415 $37,926,285,714
2016 $2,896,611,879 $36,169,428,571
2015 $2,789,882,569 $35,799,714,286
2014 $3,271,686,452 $43,524,210,526
2013 $3,193,513,470 $39,197,543,860
2012 $3,188,653,259 $35,164,210,526
2011 $3,629,133,063 $29,233,333,333
2010 $3,449,925,694 $22,583,157,895
2009 $3,688,974,807 $20,214,385,965
2008 $4,102,317,468 $19,271,523,179
2007 $3,957,627,537 $12,664,165,103
2006 $3,459,336,818 $10,276,674,365
2005 $3,161,084,847 $8,103,901,996
2004 $2,900,244,054 $6,838,351,088
2003 $2,366,941,614 $5,977,440,583
2002 $1,764,279,818 $4,462,029,109
2001 $1,548,265,927 $3,534,772,732
2000 $1,432,606,296 $2,904,663,311
1999 $1,240,295,199 $2,450,564,100
1998 $1,211,953,994 $2,605,689,134
1997 $1,180,645,572 $2,450,350,625
1996 $1,224,024,139 $2,378,759,975
1995 $1,178,745,283 $2,482,228,440
1994 $1,017,544,069 $2,561,118,608
1993 $1,007,090,270 $3,179,225,949
1992 $1,209,992,020 $3,200,539,816
1991 $1,106,891,362 $3,208,098,919
1990 $1,028,989,692 $3,189,539,641
1989 $795,489,582 $3,006,988,217
1988 $721,425,939 $3,010,982,414
1987 $611,299,925 $2,331,358,820
1986 $481,996,013 -
1985 $346,742,715 -
1984 $330,073,081 -
1983 $327,850,043 -
1982 $375,914,744 -
1981 $388,983,266 -
1980 $446,377,777 -
1979 $411,548,748 -
1978 $308,020,261 -
1977 $253,997,897 -
1976 $227,283,851 -
1975 $220,112,572 -
1974 $186,557,082 -
1973 $150,841,639 -
1972 $113,414,397 -
1971 $89,406,608 -
1970 $78,617,711 -

Data sources: World Bank | Economy & Growth (1970–2024, retrieved 2026-04-06).

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

GDP per capita in Andorra vs Turkmenistan by year

Andorra
GDP per capita

GDP per capita, PPP
Turkmenistan
GDP per capita

GDP per capita, PPP
1x
Year Current $
Andorra Turkmenistan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $49,304 $74,939 $6,857 $21,213
2023 $46,812 $71,731 $6,232 $19,829
2022 $42,414 $68,470 $5,838 $18,340
2021 $42,426 $59,332 $5,723 $16,434
2020 $37,361 $52,096 $5,973 $15,091
2019 $41,258 $57,475 $5,998 $15,478
2018 $42,820 $55,245 $6,125 $14,368
2017 $40,673 $53,085 $5,828 $13,278
2016 $40,130 $53,110 $5,687 $12,919
2015 $38,655 $50,733 $5,759 $12,715
2014 $44,370 $48,506 $7,164 $12,477
2013 $42,470 $45,609 $6,600 $11,723
2012 $41,501 $45,503 $6,054 $11,035
2011 $46,657 $46,436 $5,144 $10,283
2010 $42,747 $43,853 $4,059 $8,972
2009 $43,975 $42,523 $3,708 $8,285
2008 $49,132 $44,839 $3,606 $7,916
2007 $48,336 $47,501 $2,415 $6,901
2006 $43,467 $46,853 $1,997 $6,164
2005 $40,830 $44,578 $1,604 $5,489
2004 $39,021 $42,717 $1,379 $4,798
2003 $34,064 $41,148 $1,229 $4,536
2002 $26,528 $38,787 $936 $4,393
2001 $23,511 $36,895 $756 $4,401
2000 $21,810 $33,458 $634 $4,209
1999 $18,875 $31,590 $546 $3,981
1998 $18,537 $30,073 $591 $3,432
1997 $18,248 $29,122 $565 $3,222
1996 $19,130 $26,542 $558 $3,636
1995 $18,443 $24,934 $592 $3,405
1994 $15,749 $23,509 $622 $3,659
1993 $15,917 $22,958 $788 $4,422
1992 $20,100 $23,817 $811 $4,351
1991 $19,533 $24,510 $832 $5,117
1990 $19,564 $24,909 $848 $5,321
1989 $15,715 - $821 -
1988 $14,599 - $846 -
1987 $12,828 - $675 -
1986 $10,539 - - -
1985 $7,912 - - -
1984 $7,808 - - -
1983 $8,082 - - -
1982 $9,698 - - -
1981 $10,465 - - -
1980 $12,475 - - -
1979 $11,996 - - -
1978 $9,410 - - -
1977 $8,168 - - -
1976 $7,721 - - -
1975 $7,925 - - -
1974 $7,140 - - -
1973 $6,151 - - -
1972 $4,940 - - -
1971 $4,170 - - -
1970 $3,935 - - -

Data sources: World Bank | Economy & Growth (1970–2024, retrieved 2026-04-06).

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

Andorra's GDP per capita is $49,304, ranking 25/197, compared to $6,857 in Turkmenistan, ranking 104/197. Adjusted for purchasing power (GDP per capita PPP), Andorra ranks 18th at $74,939, while Turkmenistan ranks 94th at $21,213.

Economic indicators

Andorra Turkmenistan
Gross domestic product
$4.04B
2024
$51.4B
2024
GDP rank
166/197
2024
92/197
2024
GDP growth
3.37%
2023-2024
6.3%
2023-2024
GDP per capita
$49,304
2024
$6,857
2024
GDP per capita rank
25/197
2024
104/197
2024
GDP per capita, PPP
$74,939
2024
$21,213
2024
GDP per capita PPP rank
18/197
2024
94/197
2024
Government debt n/a
$2.11B
2024
Debt-to-GDP ratio n/a
4.11%
2024
Government debt per person n/a
$282
2024
Government debt per person rank n/a
179/185
2024
Average annual personal income after taxes
$32,457
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
35%
2025
14.5%
2024
Consumer prices inflation
-0.9%
2019-2020
4.6%
2023-2024
Unemployment rate
3.7%
2016
4%
2010
Population
84102
7776557

Inflation comparison by year

Inflation
Andorra

Turkmenistan
1x
Year Consumer prices inflation
Andorra Turkmenistan
2024 - 4.6%
2023 - -1.6%
2022 - 11.2%
2021 - 19.5%
2020 -0.9% 6.1%
2019 -0.9% 5.1%
2018 -0.9% 13.3%
2017 - 8%
2016 - 3.6%
2015 -0.9% 7.4%
2014 - 6%
2013 - 6.8%
2012 1.1% 5.3%
2011 - 5.3%
2010 1.6% 4.4%
2009 - -2.7%
2008 2.3% 14.5%
2007 3.9% 6.3%
2006 - 8.2%
2005 3.2% 10.7%
2004 3.4% 5.9%
2003 - 5.6%
2002 - 8.8%
2001 - 11.6%
2000 4.3% 8%
1999 - 23.5%
1998 1.62% 16.8%
1997 - 83.7%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); Central Intelligence Agency (CIA) (1998–2020, retrieved 2026-02-20).

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

Over the past 23 years, Andorra has recorded an average annual inflation rate of 1.49%, compared with 8.2% in Turkmenistan. In 2020, inflation was -0.9% in Andorra and 4.6% in Turkmenistan.

Balance of trade

Andorra Turkmenistan
Current account balance
$649M
2024
n/a
Current account balance ranking
57/190
2024
n/a
Current account balance, % of GDP
+16.1%
2024
n/a
Goods imports
$1.95B
2024
n/a
Goods exports
$255M
2024
n/a
Service imports
$1.04B
2024
n/a
Service exports
$3.38B
2024
n/a
Imports of goods and services, % of GDP n/a
11.2%
2024
Exports of goods and services, % of GDP
15%
2025
17.6%
2024

Economic freedom indices

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

Andorra Turkmenistan
Economic freedom 72 47
Economic freedom ranking 28/197 177/197
Property rights n/a 17.4
Government integrity n/a 8.4
Judicial effectiveness n/a 12.3
Tax burden n/a 94.2
Government spending n/a 94.3
Fiscal health n/a 99.9
Business freedom n/a 37.5
Labor freedom n/a 29.3
Monetary freedom n/a 76.7
Trade freedom n/a 74.2
Investment freedom n/a 10
Financial freedom n/a 10

Other economic metrics

Andorra Turkmenistan
Services, % of GDP
77.6%
2024
50.4%
2024
Industry, % of GDP
12.8%
2024
37.5%
2024
Agriculture, forestry, and fishing, % of GDP
0.47%
2024
12.2%
2024
GNI, Atlas method
$3.9B
2024
$48.8B
2024
GNI per capita, PPP
$76,090
2024
$21,020
2024
Total reserves including gold n/a
$1.51B
1999
Total reserves ranking n/a
135/177
1999
Net foreign direct investment
-$150M
2024
n/a
Net inflows of foreign direct investment
$268M
2024
$1.64B
2024
Net outflows of foreign direct investment
$118M
2024
$0
2024
Servicing debt to the IMF, % of GNI n/a
1.91%
2024
Poverty at national poverty lines
8%
2008
0.2%
2020
Gross capital formation, % of GDP n/a
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/andorra/turkmenistan | CC BY

Compare countries by 7 more topics

Help us show the world through your eyes

Share a photo of your city and help others discover what it looks like to live there. Your contribution makes our data come alive.

Data sources:

  1. World Bank | Economy & Growth (1970–2025, retrieved 2026-04-06)
  2. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  3. International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20)
  4. Central Intelligence Agency (CIA) (1998–2020, retrieved 2026-02-20)
  5. The Heritage Foundation | Economic Freedom Index (2026, retrieved 2026-03-09)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. LivingCost (2026, retrieved 2025-10-14)

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.