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Economy of Brunei vs Turkmenistan compared: GDP & Debt

Updated on by Georank team

Brunei has a GDP of $15.3B compared to $51.4B for Turkmenistan, ranking 142/197 and 92/197 by economy size, respectively.

Brunei has $351M in government debt (2.29% of GDP), compared to $2.11B (4.11% of GDP) in Turkmenistan.

Brunei vs Turkmenistan GDP by year

Brunei
Turkmenistan
1x
Year GDP, current $
Brunei Turkmenistan
2024 $15,340,808,592 $51,387,209,872
2023 $15,095,084,656 $45,894,538,666
2022 $16,681,536,467 $42,208,726,138
2021 $14,006,496,617 $40,589,905,812
2020 $12,005,799,654 $41,509,903,182
2019 $13,469,235,365 $40,810,067,975
2018 $13,566,908,391 $40,765,428,571
2017 $12,128,168,045 $37,926,285,714
2016 $11,400,266,045 $36,169,428,571
2015 $12,930,296,870 $35,799,714,286
2014 $17,097,797,386 $43,524,210,526
2013 $18,094,148,099 $39,197,543,860
2012 $19,048,443,341 $35,164,210,526
2011 $18,524,791,063 $29,233,333,333
2010 $13,707,121,038 $22,583,157,895
2009 $11,912,904,510 $20,214,385,965
2008 $15,926,456,515 $19,271,523,179
2007 $13,432,029,484 $12,664,165,103
2006 $12,644,616,419 $10,276,674,365
2005 $10,547,202,621 $8,103,901,996
2004 $8,619,178,774 $6,838,351,088
2003 $7,167,725,262 $5,977,440,583
2002 $6,333,082,876 $4,462,029,109
2001 $6,096,155,767 $3,534,772,732
2000 $6,570,999,088 $2,904,663,311
1999 $6,309,070,378 $2,450,564,100
1998 $5,550,846,020 $2,605,689,134
1997 $7,793,034,376 $2,450,350,625
1996 $7,663,377,306 $2,378,759,975
1995 $7,700,144,069 $2,482,228,440
1994 $6,467,782,518 $2,561,118,608
1993 $6,203,339,912 $3,179,225,949
1992 $6,327,966,435 $3,200,539,816
1991 $6,284,497,294 $3,208,098,919
1990 $6,039,881,087 $3,189,539,641
1989 $4,983,622,881 $3,006,988,217
1988 $4,535,130,305 $3,010,982,414
1987 $4,918,010,080 $2,331,358,820
1986 $4,190,280,003 -
1985 $6,967,623,884 -
1984 $7,632,788,075 -
1983 $7,927,590,750 -
1982 $8,932,198,186 -
1981 $9,367,218,664 -
1980 $10,795,432,294 -
1979 $6,044,367,628 -
1978 $4,100,423,674 -
1977 $3,681,242,528 -
1976 $3,054,765,590 -
1975 $2,496,420,258 -
1974 $2,319,576,214 -
1973 $433,095,527 -
1972 $270,822,782 -
1971 $197,525,768 -
1970 $179,078,929 -
1969 $161,210,236 -
1968 $160,818,236 -
1967 $139,029,537 -
1966 $132,757,528 -
1965 $114,039,501 -

Data sources: World Bank | Economy & Growth (1965–2024, retrieved 2026-04-06).

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

GDP per capita in Brunei vs Turkmenistan by year

Brunei
GDP per capita

GDP per capita, PPP
Turkmenistan
GDP per capita

GDP per capita, PPP
1x
Year Current $
Brunei Turkmenistan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $33,153 $89,879 $6,857 $21,213
2023 $32,891 $85,033 $6,232 $19,829
2022 $36,633 $81,802 $5,838 $18,340
2021 $31,007 $78,249 $5,723 $16,434
2020 $26,834 $69,788 $5,973 $15,091
2019 $30,427 $69,354 $5,998 $15,478
2018 $30,988 $65,149 $6,125 $14,368
2017 $28,024 $61,658 $5,828 $13,278
2016 $26,663 $56,680 $5,687 $12,919
2015 $30,625 $62,708 $5,759 $12,715
2014 $41,027 $81,226 $7,164 $12,477
2013 $44,003 $83,237 $6,600 $11,723
2012 $46,969 $87,256 $6,054 $11,035
2011 $46,383 $82,735 $5,144 $10,283
2010 $34,938 $79,543 $4,059 $8,972
2009 $30,946 $77,957 $3,708 $8,285
2008 $42,157 $80,477 $3,606 $7,916
2007 $36,217 $83,693 $2,415 $6,901
2006 $34,675 $86,114 $1,997 $6,164
2005 $29,386 $81,534 $1,604 $5,489
2004 $24,423 $80,404 $1,379 $4,798
2003 $20,678 $79,632 $1,229 $4,536
2002 $18,621 $76,838 $936 $4,393
2001 $18,288 $74,254 $756 $4,401
2000 $20,130 $73,087 $634 $4,209
1999 $19,752 $70,585 $546 $3,981
1998 $17,769 $68,257 $591 $3,432
1997 $25,522 $73,980 $565 $3,222
1996 $25,692 $70,008 $558 $3,636
1995 $26,443 $70,440 $592 $3,405
1994 $22,767 $69,779 $622 $3,659
1993 $22,397 $69,387 $788 $4,422
1992 $23,451 $70,016 $811 $4,351
1991 $23,932 $72,610 $832 $5,117
1990 $23,659 $70,201 $848 $5,321
1989 $20,090 - $821 -
1988 $18,825 - $846 -
1987 $21,030 - $675 -
1986 $18,501 - - -
1985 $31,827 - - -
1984 $36,061 - - -
1983 $38,720 - - -
1982 $45,075 - - -
1981 $48,793 - - -
1980 $58,005 - - -
1979 $33,501 - - -
1978 $23,447 - - -
1977 $21,747 - - -
1976 $18,671 - - -
1975 $15,793 - - -
1974 $15,195 - - -
1973 $2,939 - - -
1972 $1,905 - - -
1971 $1,432 - - -
1970 $1,325 - - -
1969 $1,226 - - -
1968 $1,274 - - -
1967 $1,149 - - -
1966 $1,146 - - -
1965 $1,029 - - -

Data sources: World Bank | Economy & Growth (1965–2024, retrieved 2026-04-06).

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

Brunei's GDP per capita is $33,153, ranking 36/197, compared to $6,857 in Turkmenistan, ranking 104/197. Adjusted for purchasing power (GDP per capita PPP), Brunei ranks 9th at $89,879, while Turkmenistan ranks 94th at $21,213.

Economic indicators

Brunei Turkmenistan
Gross domestic product
$15.3B
2024
$51.4B
2024
GDP rank
142/197
2024
92/197
2024
GDP growth
4.05%
2023-2024
6.3%
2023-2024
GDP per capita
$33,153
2024
$6,857
2024
GDP per capita rank
36/197
2024
104/197
2024
GDP per capita, PPP
$89,879
2024
$21,213
2024
GDP per capita PPP rank
9/197
2024
94/197
2024
Government debt
$351M
2024
$2.11B
2024
Debt-to-GDP ratio
2.29%
2024
4.11%
2024
Government debt per person
$759
2024
$282
2024
Government debt per person rank
153/185
2024
179/185
2024
Average annual personal income after taxes
$24,405
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
29.8%
2024
14.5%
2024
Consumer prices inflation
-0.39%
2023-2024
4.6%
2023-2024
Unemployment rate
4.87%
2024
4%
2010
Population
470884
7776557

Spending and national debt comparison by year

Brunei
Spending

Debt
Turkmenistan
Spending

Debt
1x
Year % of GDP
Brunei Turkmenistan
Government spending Government debt Government spending Government debt
2024 29.8% 2.29% 14.5% 4.11%
2023 29.4% 2.33% 13.7% 5.46%
2022 26.4% 2.06% 13% 7.14%
2021 29.3% 2.51% 13.4% 12.3%
2020 33.2% 2.86% 13.5% 15.4%
2019 32.4% 2.58% 13.6% 17.7%
2018 32.2% 2.59% 13.7% 22.5%
2017 36.6% 2.83% 17.8% 24.7%
2016 39.4% 3% 14.1% 21.1%
2015 38.7% 2.95% 17.3% 19%
2014 34.1% 3.23% 17% 16%
2013 33.6% 2.21% 16.9% 20.4%
2012 31% 2.1% 14.7% 17.9%
2011 29.7% 2.13% 15.4% 14.8%
2010 36.2% 1.11% 14.6% 7.04%
2009 34.8% 1.11% 14.4% 3.09%
2008 27.2% 0.94% 11.7% 3.56%
2007 29.3% 0.68% 14.4% 3.06%
2006 28% 0.59% 16% 4.23%
2005 29.1% 0% 21.1% 6.82%
2004 33.2% 0% 20.3% 11.4%
2003 30.9% 0% 20.8% 16.9%
2002 41.4% 0% 19.4% 24.2%
2001 35.5% 0% 22.6% 34.1%
2000 37.5% 0% 25.9% 55.1%
1999 44.1% 0% 20.8% 66.7%
1998 45.4% 0% 26.1% 81.6%
1997 39% 0% 26.9% 64.2%
1996 36.9% 0% - -
1995 44% 0% - -
1994 47.1% 0% - -
1993 38% 0% - -
1992 34.1% 0% - -
1991 30.6% 0% - -
1990 32% 0% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

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

In 2024, Brunei's government spending was $4.57B, accounting for 29.8% of its GDP, while Turkmenistan spent $7.46B, or 14.5% of GDP.

Debt-to-GDP ratio is 2.29% in Brunei and 4.11% in Turkmenistan, ranking 185/185 and 183/185, respectively.

Government deficit by year

Deficit/surplus
Brunei

Turkmenistan
1x
Year Deficit/surplus, % of GDP
Brunei Turkmenistan
2024 -10.2% -0.08%
2023 -10.9% 0.11%
2022 2.53% 3.38%
2021 -8.16% 0.57%
2020 -15.8% -0.16%
2019 -3.69% -0.4%
2018 -3.59% -0.22%
2017 -10.4% -2.84%
2016 -21.7% -2.38%
2015 -14.5% -0.7%
2014 3.58% 0.89%
2013 13% 1.53%
2012 15.8% 7.53%
2011 25.6% 3.84%
2010 7.61% 2.13%
2009 3.61% 7.53%
2008 36.1% 10.7%
2007 3.12% 4.19%
2006 19.8% 5.64%
2005 16% 0.86%
2004 8.57% 1.47%
2003 8.06% 3.99%
2002 -4.61% 0.19%
2001 2.59% 0.77%
2000 6.86% -0.55%
1999 -18.3% 2.48%
1998 -24% 1.15%
1997 -11.8% -0.2%
1996 -8.7% -
1995 -19.8% -
1994 -22.6% -
1993 -12.8% -
1992 -8.28% -
1991 -1.06% -
1990 -1.63% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

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

In 2024, Brunei's government deficit, the difference between spending and revenue, was $1.56B, equivalent to 10.2% of GDP. This compares to Turkmenistan's deficit of $42.9M, or 0.08% of GDP.

Over the past 28 years, Brunei recorded a fiscal deficit in 13 of those years, while Turkmenistan ran a deficit in 9 years. On average, Brunei posted an annual surplus equal to 0.55% of GDP, compared to surplus of 1.84% of GDP for Turkmenistan.

Inflation comparison by year

Inflation
Brunei

Turkmenistan
1x
Year Consumer prices inflation
Brunei Turkmenistan
2024 -0.39% 4.6%
2023 0.36% -1.6%
2022 3.68% 11.2%
2021 1.73% 19.5%
2020 1.94% 6.1%
2019 -0.39% 5.1%
2018 1.03% 13.3%
2017 -1.26% 8%
2016 -0.28% 3.6%
2015 -0.49% 7.4%
2014 -0.21% 6%
2013 0.39% 6.8%
2012 0.11% 5.3%
2011 0.14% 5.3%
2010 0.36% 4.4%
2009 1.04% -2.7%
2008 2.08% 14.5%
2007 0.97% 6.3%
2006 0.16% 8.2%
2005 1.24% 10.7%
2004 0.81% 5.9%
2003 0.3% 5.6%
2002 -2.31% 8.8%
2001 0.6% 11.6%
2000 1.56% 8%
1999 -0.42% 23.5%
1998 -0.44% 16.8%
1997 1.71% 83.7%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

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

Over the past 28 years, Brunei has recorded an average annual inflation rate of 0.5%, compared with 10.9% in Turkmenistan. In 2024, inflation was -0.39% in Brunei and 4.6% in Turkmenistan.

Balance of trade

Brunei Turkmenistan
Current account balance
$2.23B
2024
n/a
Current account balance ranking
45/190
2024
n/a
Current account balance, % of GDP
+14.5%
2024
n/a
Goods imports
$7.36B
2024
n/a
Goods exports
$11.1B
2024
n/a
Service imports
$1.75B
2024
n/a
Service exports
$410M
2024
n/a
Imports of goods and services, % of GDP
58.3%
2024
11.2%
2024
Exports of goods and services, % of GDP
74.3%
2024
17.6%
2024

Economic freedom indices

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

Brunei Turkmenistan
Economic freedom 67.5 47
Economic freedom ranking 55/197 177/197
Property rights 66.1 17.4
Government integrity 60.4 8.4
Judicial effectiveness 48.6 12.3
Tax burden 95 94.2
Government spending 75.6 94.3
Fiscal health 39 99.9
Business freedom 75.3 37.5
Labor freedom 75.1 29.3
Monetary freedom 74.8 76.7
Trade freedom 84.6 74.2
Investment freedom 65 10
Financial freedom 50 10

Economic freedom comparison by year

Brunei
Turkmenistan
1x
Year Economic freedom index
Brunei Turkmenistan
2026 67.5 47
2025 67 47.1
2024 65.9 46.3
2023 65.7 46.5
2022 64.8 46.2
2021 66.6 47.4
2020 66.6 46.5
2019 65.1 48.4
2018 64.2 47.1
2017 69.8 47.4
2016 67.3 41.9
2015 68.9 41.4
2014 69 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/brunei/turkmenistan | CC BY

The Economic Freedom Index for Brunei is 67.5, ranking 55/197, compared to 47 for Turkmenistan, ranking 177/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Brunei Turkmenistan
Services, % of GDP
39%
2024
50.4%
2024
Industry, % of GDP
61.7%
2024
37.5%
2024
Agriculture, forestry, and fishing, % of GDP
1.17%
2024
12.2%
2024
GNI, Atlas method
$16.7B
2024
$48.8B
2024
GNI per capita, PPP
$92,750
2024
$21,020
2024
Total reserves including gold
$4.41B
2024
$1.51B
1999
Total reserves ranking
105/177
2024
135/177
1999
Net foreign direct investment
-$29.1M
2024
n/a
Net inflows of foreign direct investment
$29.1M
2024
$1.64B
2024
Net outflows of foreign direct investment
$0
2024
$0
2024
Servicing debt to the IMF, % of GNI n/a
1.91%
2024
Poverty at national poverty lines n/a
0.2%
2020
Gross capital formation, % of GDP
27.9%
2024
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/brunei/turkmenistan | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1965–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, 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. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  6. LivingCost (2026, retrieved 2025-10-14)
  7. 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.