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Economy of Cameroon vs Turkmenistan compared: GDP & Debt

Updated on by Georank team

Cameroon has a GDP of $53.3B compared to $51.4B for Turkmenistan, ranking 91/197 and 92/197 by economy size, respectively.

Cameroon has $22.8B in government debt (42.8% of GDP), compared to $2.11B (4.11% of GDP) in Turkmenistan.

Cameroon vs Turkmenistan GDP by year

Cameroon
Turkmenistan
1x
Year GDP, current $
Cameroon Turkmenistan
2024 $53,296,694,320 $51,387,209,872
2023 $48,814,501,547 $45,894,538,666
2022 $44,347,206,073 $42,208,726,138
2021 $45,011,937,347 $40,589,905,812
2020 $40,773,241,177 $41,509,903,182
2019 $39,667,757,528 $40,810,067,975
2018 $39,955,552,190 $40,765,428,571
2017 $36,098,547,033 $37,926,285,714
2016 $33,814,337,044 $36,169,428,571
2015 $32,210,233,020 $35,799,714,286
2014 $36,386,544,706 $43,524,210,526
2013 $33,728,621,180 $39,197,543,860
2012 $30,155,062,329 $35,164,210,526
2011 $30,630,910,495 $29,233,333,333
2010 $27,507,501,821 $22,583,157,895
2009 $27,932,970,317 $20,214,385,965
2008 $27,715,142,033 $19,271,523,179
2007 $23,928,250,433 $12,664,165,103
2006 $20,910,512,975 $10,276,674,365
2005 $19,509,852,207 $8,103,901,996
2004 $18,826,214,136 $6,838,351,088
2003 $15,970,315,035 $5,977,440,583
2002 $12,417,251,350 $4,462,029,109
2001 $10,953,485,349 $3,534,772,732
2000 $10,566,579,295 $2,904,663,311
1999 $11,565,826,465 $2,450,564,100
1998 $11,298,144,990 $2,605,689,134
1997 $10,789,458,433 $2,450,350,625
1996 $11,093,538,846 $2,378,759,975
1995 $10,864,772,471 $2,482,228,440
1994 $8,902,446,252 $2,561,118,608
1993 $16,181,814,713 $3,179,225,949
1992 $12,071,775,335 $3,200,539,816
1991 $11,840,192,296 $3,208,098,919
1990 $12,314,482,628 $3,189,539,641
1989 $11,012,566,195 $3,006,988,217
1988 $12,236,057,362 $3,010,982,414
1987 $13,049,659,981 $2,331,358,820
1986 $11,857,056,199 -
1985 $8,544,810,498 -
1984 $7,311,938,026 -
1983 $6,870,200,010 -
1982 $6,611,255,964 -
1981 $6,610,938,617 -
1980 $6,674,569,047 -
1979 $5,919,002,983 -
1978 $4,662,852,583 -
1977 $3,394,664,024 -
1976 $2,898,090,002 -
1975 $2,857,037,371 -
1974 $2,157,415,533 -
1973 $1,901,393,361 -
1972 $1,498,251,890 -
1971 $1,236,941,394 -
1970 $1,151,216,993 -
1969 $1,100,551,489 -
1968 $1,046,191,218 -
1967 $936,175,260 -
1966 $851,112,535 -
1965 $814,083,266 -
1964 $776,650,177 -
1963 $718,320,845 -
1962 $694,247,864 -
1961 $652,777,608 -
1960 $614,206,068 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

GDP per capita in Cameroon vs Turkmenistan by year

Cameroon
GDP per capita

GDP per capita, PPP
Turkmenistan
GDP per capita

GDP per capita, PPP
1x
Year Current $
Cameroon Turkmenistan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $1,830 $5,589 $6,857 $21,213
2023 $1,720 $5,411 $6,232 $19,829
2022 $1,605 $5,189 $5,838 $18,340
2021 $1,672 $4,794 $5,723 $16,434
2020 $1,556 $4,365 $5,973 $15,091
2019 $1,555 $4,241 $5,998 $15,478
2018 $1,611 $4,011 $6,125 $14,368
2017 $1,496 $3,767 $5,828 $13,278
2016 $1,442 $3,627 $5,687 $12,919
2015 $1,415 $3,498 $5,759 $12,715
2014 $1,649 $3,422 $7,164 $12,477
2013 $1,576 $3,239 $6,600 $11,723
2012 $1,449 $3,060 $6,054 $11,035
2011 $1,514 $2,989 $5,144 $10,283
2010 $1,399 $2,914 $4,059 $8,972
2009 $1,461 $2,879 $3,708 $8,285
2008 $1,492 $2,870 $3,606 $7,916
2007 $1,326 $2,818 $2,415 $6,901
2006 $1,191 $2,704 $1,997 $6,164
2005 $1,143 $2,598 $1,604 $5,489
2004 $1,133 $2,533 $1,379 $4,798
2003 $988 $2,368 $1,229 $4,536
2002 $790 $2,263 $936 $4,393
2001 $715 $2,191 $756 $4,401
2000 $709 $2,108 $634 $4,209
1999 $796 $2,039 $546 $3,981
1998 $799 $1,975 $591 $3,432
1997 $783 $1,915 $565 $3,222
1996 $827 $1,850 $558 $3,636
1995 $832 $1,790 $592 $3,405
1994 $701 $1,752 $622 $3,659
1993 $1,310 $1,731 $788 $4,422
1992 $1,005 $1,890 $811 $4,351
1991 $1,015 $1,963 $832 $5,117
1990 $1,087 $2,032 $848 $5,321
1989 $1,001 - $821 -
1988 $1,145 - $846 -
1987 $1,258 - $675 -
1986 $1,179 - - -
1985 $875 - - -
1984 $772 - - -
1983 $746 - - -
1982 $732 - - -
1981 $750 - - -
1980 $784 - - -
1979 $718 - - -
1978 $582 - - -
1977 $435 - - -
1976 $381 - - -
1975 $386 - - -
1974 $299.9 - - -
1973 $271.8 - - -
1972 $220.1 - - -
1971 $186.7 - - -
1970 $178.5 - - -
1969 $175.2 - - -
1968 $170.8 - - -
1967 $156.6 - - -
1966 $145.8 - - -
1965 $142.7 - - -
1964 $139.2 - - -
1963 $131.6 - - -
1962 $130 - - -
1961 $124.6 - - -
1960 $119.1 - - -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

Cameroon's GDP per capita is $1,830, ranking 158/197, compared to $6,857 in Turkmenistan, ranking 104/197. Adjusted for purchasing power (GDP per capita PPP), Cameroon ranks 156th at $5,589, while Turkmenistan ranks 94th at $21,213.

Economic indicators

Cameroon Turkmenistan
Gross domestic product
$53.3B
2024
$51.4B
2024
GDP rank
91/197
2024
92/197
2024
GDP growth
3.52%
2023-2024
6.3%
2023-2024
GDP per capita
$1,830
2024
$6,857
2024
GDP per capita rank
158/197
2024
104/197
2024
GDP per capita, PPP
$5,589
2024
$21,213
2024
GDP per capita PPP rank
156/197
2024
94/197
2024
Government debt
$22.8B
2024
$2.11B
2024
Debt-to-GDP ratio
42.8%
2024
4.11%
2024
Government debt per person
$784
2024
$282
2024
Government debt per person rank
152/185
2024
179/185
2024
Average annual personal income after taxes
$1,578
2026
$7,520
2026
Income share by richest 10%
31.1%
2021
31.5%
1998
Income share by poorest 10%
2.1%
2021
2.4%
1998
Government expenditure, % of GDP
16.7%
2024
14.5%
2024
Consumer prices inflation
4.53%
2023-2024
4.6%
2023-2024
Unemployment rate
3.28%
2021
4%
2010
Population
30864115
7776557

Spending and national debt comparison by year

Cameroon
Spending

Debt
Turkmenistan
Spending

Debt
1x
Year % of GDP
Cameroon Turkmenistan
Government spending Government debt Government spending Government debt
2024 16.7% 42.8% 14.5% 4.11%
2023 17.1% 43.1% 13.7% 5.46%
2022 17.1% 45.6% 13% 7.14%
2021 17.1% 47.2% 13.4% 12.3%
2020 16.6% 44.9% 13.5% 15.4%
2019 18.7% 41.6% 13.6% 17.7%
2018 18% 38.3% 13.7% 22.5%
2017 19.2% 36.5% 17.8% 24.7%
2016 20.2% 32.1% 14.1% 21.1%
2015 20.1% 31.6% 17.3% 19%
2014 20.1% 20.7% 17% 16%
2013 19.2% 17.5% 16.9% 20.4%
2012 17.2% 14.9% 14.7% 17.9%
2011 17.8% 15.9% 15.4% 14.8%
2010 15.2% 14% 14.6% 7.04%
2009 14.7% 11.3% 14.4% 3.09%
2008 15.9% 11.2% 11.7% 3.56%
2007 13.5% 13.8% 14.4% 3.06%
2006 12.5% 18.4% 16% 4.23%
2005 12.4% 43.8% 21.1% 6.82%
2004 13.4% 51.7% 20.3% 11.4%
2003 13.2% 51.5% 20.8% 16.9%
2002 13.9% 56.6% 19.4% 24.2%
2001 14.6% 62.2% 22.6% 34.1%
2000 14.6% 75.9% 25.9% 55.1%
1999 - 68.4% 20.8% 66.7%
1998 - 67.8% 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/cameroon/turkmenistan | CC BY

In 2024, Cameroon's government spending was $8.91B, accounting for 16.7% of its GDP, while Turkmenistan spent $7.46B, or 14.5% of GDP.

Debt-to-GDP ratio is 42.8% in Cameroon and 4.11% in Turkmenistan, ranking 125/185 and 183/185, respectively.

Government deficit by year

Deficit/surplus
Cameroon

Turkmenistan
1x
Year Deficit/surplus, % of GDP
Cameroon Turkmenistan
2024 -1.48% -0.08%
2023 -0.63% 0.11%
2022 -1.11% 3.38%
2021 -3.01% 0.57%
2020 -3.19% -0.16%
2019 -3.24% -0.4%
2018 -2.41% -0.22%
2017 -4.72% -2.84%
2016 -5.88% -2.38%
2015 -4.25% -0.7%
2014 -4.09% 0.89%
2013 -3.55% 1.53%
2012 -1.4% 7.53%
2011 -2.26% 3.84%
2010 -0.93% 2.13%
2009 -0.04% 7.53%
2008 2% 10.7%
2007 3.87% 4.19%
2006 28.2% 5.64%
2005 3.03% 0.86%
2004 -0.46% 1.47%
2003 0.56% 3.99%
2002 1.51% 0.19%
2001 0.86% 0.77%
2000 1.54% -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/cameroon/turkmenistan | CC BY

In 2024, Cameroon's government deficit, the difference between spending and revenue, was $789M, equivalent to 1.48% of GDP. This compares to Turkmenistan's deficit of $42.9M, or 0.08% of GDP.

Over the past 25 years, Cameroon recorded a fiscal deficit in 17 of those years, while Turkmenistan ran a deficit in 8 years. On average, Cameroon posted an annual deficit equal to 0.04% of GDP, compared to surplus of 1.92% of GDP for Turkmenistan.

Inflation comparison by year

Inflation
Cameroon

Turkmenistan
1x
Year Consumer prices inflation
Cameroon Turkmenistan
2024 4.53% 4.6%
2023 7.38% -1.6%
2022 6.25% 11.2%
2021 2.27% 19.5%
2020 2.44% 6.1%
2019 2.45% 5.1%
2018 1.07% 13.3%
2017 0.64% 8%
2016 0.87% 3.6%
2015 2.68% 7.4%
2014 1.85% 6%
2013 2.05% 6.8%
2012 2.74% 5.3%
2011 2.94% 5.3%
2010 1.28% 4.4%
2009 3.04% -2.7%
2008 5.34% 14.5%
2007 0.92% 6.3%
2006 5.12% 8.2%
2005 2.01% 10.7%
2004 0.23% 5.9%
2003 0.62% 5.6%
2002 2.83% 8.8%
2001 4.42% 11.6%
2000 1.23% 8%
1999 1.87% 23.5%
1998 3.17% 16.8%
1997 4.79% 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/cameroon/turkmenistan | CC BY

Over the past 28 years, Cameroon has recorded an average annual inflation rate of 2.75%, compared with 10.9% in Turkmenistan. In 2024, inflation was 4.53% in Cameroon and 4.6% in Turkmenistan.

Balance of trade

Cameroon Turkmenistan
Current account balance
-$2.02B
2023
n/a
Current account balance ranking
144/190
2023
n/a
Current account balance, % of GDP
-4.14%
2023
n/a
Goods imports
$7.74B
2023
n/a
Goods exports
$6.34B
2023
n/a
Service imports
$2.55B
2023
n/a
Service exports
$2.01B
2023
n/a
Imports of goods and services, % of GDP
18.7%
2024
11.2%
2024
Exports of goods and services, % of GDP
15.7%
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.

Cameroon Turkmenistan
Economic freedom 52 47
Economic freedom ranking 151/197 177/197
Property rights 28.1 17.4
Government integrity 21 8.4
Judicial effectiveness 10.1 12.3
Tax burden 72.2 94.2
Government spending 91.4 94.3
Fiscal health 94.5 99.9
Business freedom 48.6 37.5
Labor freedom 45.6 29.3
Monetary freedom 75.3 76.7
Trade freedom 57.2 74.2
Investment freedom 30 10
Financial freedom 50 10

Economic freedom comparison by year

Cameroon
Turkmenistan
1x
Year Economic freedom index
Cameroon Turkmenistan
2026 52 47
2025 52.1 47.1
2024 53.6 46.3
2023 51.9 46.5
2022 52.9 46.2
2021 53.4 47.4
2020 53.6 46.5
2019 52.4 48.4
2018 51.9 47.1
2017 51.8 47.4
2016 54.2 41.9
2015 51.9 41.4
2014 52.6 42.2
2013 52.3 42.6
2012 51.8 43.8
2011 51.8 43.6
2010 52.3 42.5
2009 53 44.2
2008 54.3 43.4
2007 55.6 43
2006 54.6 43.8
2005 53 47.6
2004 52.3 50.7
2003 52.7 51.3
2002 52.8 43.2
2001 53.3 41.8
2000 49.9 37.6
1999 50.3 36.1
1998 48 35
1997 44.6 -
1996 45.7 -
1995 51.3 -

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

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

The Economic Freedom Index for Cameroon is 52, ranking 151/197, compared to 47 for Turkmenistan, ranking 177/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Cameroon Turkmenistan
Services, % of GDP
50.7%
2024
50.4%
2024
Industry, % of GDP
23.2%
2024
37.5%
2024
Agriculture, forestry, and fishing, % of GDP
18.5%
2024
12.2%
2024
GNI, Atlas method
$49.5B
2024
$48.8B
2024
GNI per capita, PPP
$5,490
2024
$21,020
2024
Total reserves including gold
$4.88B
2023
$1.51B
1999
Total reserves ranking
103/177
2023
135/177
1999
Net foreign direct investment
-$901M
2023
n/a
Net inflows of foreign direct investment
$888M
2024
$1.64B
2024
Net outflows of foreign direct investment
$63.4M
2024
$0
2024
Servicing debt to the IMF, % of GNI
3.2%
2024
1.91%
2024
Poverty at national poverty lines
37.7%
2021
0.2%
2020
Gross capital formation, % of GDP
18.9%
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/cameroon/turkmenistan | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1997–2024, retrieved 2026-02-20)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, 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.