Bhutan vs Turkey: Economic Indicators Comparison

Turkey with a GDP of $771.4B ranked the 19th largest economy in the world, while Bhutan ranked 172nd with $2.4B. By GDP 5-years average growth and GDP per capita, Turkey and Bhutan ranked 36th vs 23rd and 78th vs 129th, respectively.

Gross Domestic Product & Income

StatBhutanTurkey
GDP$2.4B$771.4B
GDP growth, 1 year5.8%2.6%
GDP growth, 5-years average6.1%4.9%
Population808k82M
GDP per capita$3.2k$9.4k
GDP per capita growth1.82%1.31%
Purchasing Power Parity conversion factor21.811.61
Price level ratio of PPP conversion factor GDP to market exchange rate0.320.33
GDP per capita, PPP adjusted$9.5k$28k
GNI, Atlas method$2.2B$858.1B
GNI per capita$3k$10k
GNI, PPP adjusted$7B$2.3T
GNI per capita, PPP adjusted$9.3k$28k

Financial system and Human development

StatBhutanTurkey
Income Tax Rate25%35%
Corporate Tax Rate30%22%
Inflation, consumer prices3.6%16.3%
Inflation, GDP deflator1.8%16.4%
Unemployment2.2%10.9%
Economic Freedom Index62.164.4
Personal Freedom Index6.96.97
Human Freedom Index6.856.96
Property Rights Index69.957.4
Judical Effectiveness Index46.453.7
Business Freedom Index68.267
Fiscal Health Index74.886.1
Labor Freedom Index79.449.2
Investment Freedom Index2070
Financial Freedom Index3060
Trade Freedom Index79.478
Monetary Freedom Index71.666.1
Government Spending Index71.164.1
Tax Burden Index82.976.7
Government Integrity Index51.244.6
Corruption Perceptions Index6841
Life expectancy at birth, years71.177.2
Suicide mortality rate, per 100,000 people11.47.3
Mortality caused by road traffic injury, per 100,000 people17.412.3
Intentional homicides, per 100,000 people1.64.3
International tourism, number of arrivals274k45.8M

Government debt & reserves

StatBhutanTurkey
Central government debt, % of GDP102.6%29.1%
External debt stocks, % of GNI109.2%59%
External debt stocks$2.5B$445.1B
Short-term debt, % of total reserves0.4%124.1%
Total debt service, % of exports and primary income10.7%36.7%
Adjusted net savings including particulate emission damage, % of GNI23.3%11.4%
Gross savings, % of GDP21.6%27.1%
Gross capital formation, % of GDP47.5%29.6%
Total reserves including gold$987.2M$93B
Foreign direct investment net inflows$2.6M$13.1B

Exports, imports and economic structure

StatBhutanTurkey
Exports of goods and services, % of GDP30.8%29.5%
Imports of goods and services, % of GDP55.9%30.6%
Current account balance (balance of payments)-$497.6M-$27B
Revenue excluding grants, % of GDP18.5%30.7%
Grants excluding technical cooperation, BoP$49.2M$1.3B
Personal remittances received$58.1M$1.1B
Industry including construction value added, % of GDP38.3%29.5%
Agriculture, forestry and fishing value added, % of GDP15.9%5.8%
Charges for the use of intellectual property, payments BoP$304k$726M
Charges for the use of intellectual property, receipts BoP$11k$29M
Expense, % of GDP18.5%33.9%
Government Expenditure, % of GDP31.1%34.6%

Compare with countries close by GDP per capita

Bhutan vs

CountryGDP
per capita
Population
Jordan
$4.2k
10.4M
Armenia
$4.2k
2.93M
Samoa
$4.2k
196k
Eswatini
$4.1k
1.37M
Mongolia
$4.1k
3.08M
Algeria
$4.1k
41.3M
Sri Lanka
$4.1k
21.4M
El Salvador
$4.1k
6.42M
Indonesia
$3.9k
264M
Marshall Islands
$3.8k
53.1k
Tuvalu
$3.7k
11.2k
Cape Verde
$3.6k
546k
Bolivia
$3.5k
11.1M
Tunisia
$3.4k
11.6M
Angola
$3.4k
29.8M
Morocco
$3.2k
36M
Moldova
$3.2k
2.55M
Palestine
$3.2k
4.68M
Vanuatu
$3.1k
276k
Philippines
$3.1k
105M
Ukraine
$3.1k
42.6M
Djibouti
$3.1k
957k
Papua New Guinea
$2.7k
8.25M
Vietnam
$2.6k
94.7M
Egypt
$2.5k
94.8M
Laos
$2.5k
6.86M
Honduras
$2.5k
9.27M
Ghana
$2.2k
26.9M
Congo
$2.1k
5.26M
Zimbabwe
$2.1k
16.5M

Turkey vs

CountryGDP
per capita
Population
Croatia
$15k
4.11M
Romania
$12k
19.6M
Costa Rica
$12k
4.91M
Argentina
$12k
44.9M
Malaysia
$11k
31.6M
Russia
$11k
147M
Mauritius
$11k
1.26M
Grenada
$11k
108k
Saint Lucia
$11k
179k
Maldives
$10k
436k
Equatorial Guinea
$10k
1.27M
Nauru
$9.9k
13.7k
Kazakhstan
$9.8k
18.3M
China
$9.8k
1.41B
Mexico
$9.7k
131M
Bulgaria
$9.3k
7M
Brazil
$8.9k
210M
Montenegro
$8.8k
622k
Cuba
$8.8k
11.5M
Lebanon
$8.3k
6.1M
Botswana
$8.3k
2.29M
Dominican Republic
$8.1k
10.4M
Gabon
$8k
2.03M
Dominica
$7.7k
73.9k
Saint Vincent
$7.4k
110k
Thailand
$7.3k
65.9M
Serbia
$7.2k
7.02M
Libya
$7.2k
6.68M
Turkmenistan
$7k
5.85M
Peru
$6.9k
29.4M