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Economy of Cameroon vs Turkmenistan compared: GDP & Debt

Updated on by Georank team

Cameroon has a GDP of $51.3B compared to $64.2B for Turkmenistan, ranking 92/197 and 88/197 by economy size, respectively.

Cameroon has $21.9B in government debt (39.9% of GDP), compared to $2.97B (4.5% of GDP) in Turkmenistan.

The chart below compares the two countries' GDP growth in both current (nominal) and constant dollars, accounting for inflation over time.

Cameroon
GDP, current $

GDP, constant 2015 $
Turkmenistan
GDP, current $

GDP, constant 2015 $
Year GDP
Cameroon Turkmenistan
Current $ Constant $ Current $ Constant $
1960 $614,206,068 $4,827,329,402 - -
1961 $652,777,608 $4,884,469,574 - -
1962 $694,247,864 $5,033,033,600 - -
1963 $718,320,845 $5,221,397,415 - -
1964 $776,650,177 $5,406,608,720 - -
1965 $814,083,266 $5,516,149,517 - -
1966 $851,112,535 $5,770,717,369 - -
1967 $936,175,260 $5,141,012,904 - -
1968 $1,046,191,218 $5,467,278,233 - -
1969 $1,100,551,489 $5,735,255,756 - -
1970 $1,151,216,993 $5,912,593,777 - -
1971 $1,236,941,394 $6,118,334,765 - -
1972 $1,498,251,890 $6,281,929,449 - -
1973 $1,901,393,361 $6,618,369,537 - -
1974 $2,157,415,533 $7,328,802,680 - -
1975 $2,857,037,371 $8,152,930,849 - -
1976 $2,898,090,002 $7,704,916,015 - -
1977 $3,394,664,024 $8,763,561,577 - -
1978 $4,662,852,583 $10,691,808,462 - -
1979 $5,919,002,983 $11,337,071,802 - -
1980 $6,674,569,047 $11,114,265,274 - -
1981 $6,610,938,617 $13,012,879,895 - -
1982 $6,611,255,964 $13,990,954,313 - -
1983 $6,870,200,010 $14,951,689,440 - -
1984 $7,311,938,026 $16,069,264,314 - -
1985 $8,544,810,498 $17,364,955,075 - -
1986 $11,857,056,199 $18,540,851,327 - -
1987 $13,049,659,981 $18,142,844,102 $2,331,358,820 $9,134,688,479
1988 $12,236,057,362 $16,723,414,750 $3,010,982,414 $10,141,662,024
1989 $11,012,566,195 $16,419,195,682 $3,006,988,217 $9,710,101,902
1990 $12,314,482,628 $15,416,689,238 $3,189,539,641 $13,145,978,552
1991 $11,840,192,296 $14,829,529,308 $3,208,098,919 $12,540,571,637
1992 $12,071,775,335 $14,369,813,424 $3,200,539,816 $10,663,751,367
1993 $16,181,814,713 $13,229,990,256 $3,179,225,949 $10,823,707,656
1994 $8,902,446,252 $13,478,291,934 $2,561,118,608 $8,951,221,334
1995 $10,864,772,471 $13,868,353,888 $2,482,228,440 $8,306,729,733
1996 $11,093,538,846 $14,452,915,010 $2,378,759,975 $8,863,279,974
1997 $10,789,458,433 $15,107,243,821 $2,450,350,625 $7,852,866,037
1998 $11,298,144,990 $15,821,141,893 $2,605,689,134 $8,410,419,553
1999 $11,565,826,465 $16,534,881,735 $2,450,564,100 $9,798,138,737
2000 $10,566,579,295 $17,168,567,485 $2,904,663,311 $10,334,005,228
2001 $10,953,485,349 $17,910,981,186 $3,534,772,732 $10,782,898,471
2002 $12,417,251,350 $18,712,860,619 $4,462,029,109 $10,810,629,921
2003 $15,970,315,035 $19,733,301,669 $5,977,440,583 $11,164,010,880
2004 $18,826,214,136 $21,124,275,033 $6,838,351,088 $11,722,256,910
2005 $19,509,852,207 $21,594,980,960 $8,103,901,996 $13,250,139,963
2006 $20,910,512,975 $22,417,659,743 $10,276,674,365 $14,704,118,675
2007 $23,928,250,433 $23,387,803,923 $12,664,165,103 $16,330,291,194
2008 $27,715,142,033 $24,053,813,244 $19,271,523,179 $18,730,843,999
2009 $27,932,970,317 $24,674,221,649 $20,214,385,965 $19,873,425,505
2010 $27,507,501,821 $25,389,533,435 $22,583,157,895 $21,701,780,649
2011 $30,630,910,495 $26,247,499,414 $29,233,333,333 $24,891,942,389
2012 $30,155,062,329 $27,461,703,152 $35,164,210,526 $27,654,947,984
2013 $33,728,621,180 $28,833,560,541 $39,197,543,860 $30,475,752,707
2014 $36,386,544,706 $30,482,787,768 $43,524,210,526 $33,614,755,226
2015 $32,210,233,020 $32,210,233,020 $35,799,714,286 $35,799,714,286
2016 $33,814,337,044 $33,671,222,913 $36,169,428,571 $38,019,296,559
2017 $36,098,547,033 $34,863,580,363 $37,926,285,714 $40,490,550,854
2018 $39,955,552,190 $36,242,614,249 $40,765,428,571 $43,000,964,983
2019 $39,667,757,528 $37,502,066,833 $45,232,857,143 $45,710,025,795
2020 $40,773,241,177 $37,599,547,049 $45,818,000,000 $48,406,917,339
2021 $45,011,937,347 $38,854,942,335 $50,007,428,571 $51,408,146,222
2022 $44,347,206,073 $40,306,867,605 $58,972,000,000 $54,595,451,255
2023 $49,279,410,983 $41,616,173,715 $60,628,857,143 $58,035,050,719
2024 $51,326,764,685 $43,143,796,435 $64,239,891,739 $59,349,032,300

Economic indicators

Cameroon Turkmenistan
Gross domestic product
$51.3B
2024
$64.2B
2024
GDP rank
92/197
2024
88/197
2024
GDP growth
4.15%
2023-2024
5.96%
2023-2024
GDP per capita
$1,762
2024
$8,572
2024
GDP per capita rank
159/197
2024
91/197
2024
GDP per capita, PPP
$5,591
2024
$20,408
2024
Government debt
$21.9B
2024
$2.97B
2024
Debt-to-GDP ratio
39.9%
2025
4.5%
2025
Government debt per person
$752
2024
$396
2024
Government debt per person rank
152/185
2024
172/185
2024
Average annual personal income after taxes
$1,492
2025
$8,974
2025
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
16.3%
2025
11.1%
2025
Consumer prices inflation
4.53%
2023-2024
3.9%
2024-2025
Unemployment rate
3.28%
2021
4%
2010
Population
30491011
7713465

GDP per capita in Cameroon vs Turkmenistan

Cameroon's GDP per capita is $1,762, ranking 159/197, compared to $8,572 in Turkmenistan, ranking 91/197. Adjusted for purchasing power (GDP per capita PPP), Cameroon ranks 155th at $5,591, while Turkmenistan ranks 94th at $20,408.

Cameroon
GDP per capita

GDP per capita, PPP
Turkmenistan
GDP per capita

GDP per capita, PPP
Year Current $
Cameroon Turkmenistan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
1960 $119.1 - - -
1961 $124.6 - - -
1962 $130 - - -
1963 $131.6 - - -
1964 $139.2 - - -
1965 $142.7 - - -
1966 $145.8 - - -
1967 $156.6 - - -
1968 $170.8 - - -
1969 $175.2 - - -
1970 $178.5 - - -
1971 $186.7 - - -
1972 $220.1 - - -
1973 $271.8 - - -
1974 $299.9 - - -
1975 $386 - - -
1976 $381 - - -
1977 $435 - - -
1978 $582 - - -
1979 $718 - - -
1980 $784 - - -
1981 $750 - - -
1982 $732 - - -
1983 $746 - - -
1984 $772 - - -
1985 $875 - - -
1986 $1,179 - - -
1987 $1,258 - $675 -
1988 $1,145 - $846 -
1989 $1,001 - $821 -
1990 $1,087 $2,032 $848 $5,321
1991 $1,015 $1,963 $832 $5,117
1992 $1,005 $1,890 $811 $4,351
1993 $1,310 $1,731 $788 $4,422
1994 $701 $1,752 $622 $3,659
1995 $832 $1,790 $592 $3,405
1996 $827 $1,850 $558 $3,636
1997 $783 $1,915 $565 $3,222
1998 $799 $1,975 $591 $3,432
1999 $796 $2,039 $546 $3,981
2000 $709 $2,108 $634 $4,209
2001 $715 $2,191 $756 $4,401
2002 $790 $2,263 $936 $4,393
2003 $988 $2,368 $1,229 $4,536
2004 $1,133 $2,533 $1,379 $4,798
2005 $1,143 $2,598 $1,604 $5,489
2006 $1,191 $2,704 $1,997 $6,164
2007 $1,326 $2,818 $2,415 $6,901
2008 $1,492 $2,870 $3,606 $7,916
2009 $1,461 $2,879 $3,708 $8,285
2010 $1,399 $2,914 $4,059 $8,972
2011 $1,514 $2,989 $5,144 $10,283
2012 $1,449 $3,060 $6,054 $11,035
2013 $1,576 $3,239 $6,600 $11,723
2014 $1,649 $3,422 $7,164 $12,477
2015 $1,415 $3,498 $5,759 $12,715
2016 $1,442 $3,627 $5,687 $12,919
2017 $1,496 $3,767 $5,828 $13,278
2018 $1,611 $4,011 $6,125 $14,368
2019 $1,555 $4,241 $6,648 $15,478
2020 $1,556 $4,365 $6,593 $15,091
2021 $1,672 $4,794 $7,051 $16,434
2022 $1,605 $5,189 $8,156 $18,340
2023 $1,737 $5,406 $8,233 $19,829
2024 $1,762 $5,591 $8,572 $20,408

Spending and national debt comparison

In 2024, Cameroon's government spending was $8.52B, accounting for 16.3% of its GDP, while Turkmenistan's spent $7.26B, or 11.1% of GDP.

Debt-to-GDP ratio is 39.9% in Cameroon and 4.5% in Turkmenistan, ranking 136/185 and 183/185, respectively.

Cameroon
Government spending

Government debt
Turkmenistan
Government spending

Government debt
Year % of GDP
Cameroon Turkmenistan
Government spending Government debt Government spending Government debt
1997 - - 14.6% 84.9%
1998 - 67.8% 14.2% 107.9%
1999 - 68.4% 11.3% 88.2%
2000 14.6% 75.9% 14.1% 72.9%
2001 14.6% 62.2% 12.3% 45.1%
2002 13.9% 56.6% 10.6% 32%
2003 13.2% 51.5% 11.3% 22.4%
2004 13.4% 51.7% 11% 15.1%
2005 12.4% 43.8% 11.5% 9.01%
2006 12.5% 18.4% 8.74% 5.59%
2007 13.5% 13.8% 7.86% 4.05%
2008 15.9% 11.2% 6.36% 4.71%
2009 14.7% 11.3% 7.84% 4.08%
2010 15.2% 14% 8.86% 6.21%
2011 17.8% 15% 9.62% 10%
2012 17.2% 14.9% 10.3% 13.8%
2013 19.2% 17.5% 13% 16%
2014 20.1% 20.7% 13.2% 12.3%
2015 20.1% 31.6% 13.8% 14.5%
2016 20.2% 32.1% 11.9% 18.5%
2017 19.2% 36.5% 14.7% 20%
2018 18% 38.3% 11.4% 18.7%
2019 18.7% 41.6% 11.6% 15.3%
2020 16.6% 44.9% 11.8% 13.3%
2021 17.1% 47.2% 10.9% 10.7%
2022 17.1% 45.6% 9.44% 5.77%
2023 17.1% 43.2% 10.9% 4.66%
2024 16.6% 42.7% 11.3% 4.62%
2025 16.3% 39.9% 11.1% 4.5%

Government deficit by year

In 2024, Cameroon's government deficit, the difference between spending and revenue, was -$307M, equivalent to -0.6% of GDP. This compares to Turkmenistan's surplus of $204M, or 0.32% of GDP.

Over the past 25 years, Cameroon recorded a fiscal deficit in 17 of those years, while Turkmenistan ran a deficit in 7 years. On average, Cameroon posted an annual deficit equal to -0.007% of GDP, compared to surplus of +1.13% of GDP for Turkmenistan.

Deficit/surplus
Cameroon

Turkmenistan
Year Deficit/surplus, % of GDP
Cameroon Turkmenistan
1997 - -0.11%
1998 - 0.63%
1999 - 1.35%
2000 1.54% -0.3%
2001 0.86% 0.42%
2002 1.51% 0.1%
2003 0.56% 2.17%
2004 -0.46% 0.8%
2005 3.03% 0.47%
2006 28.2% 3.07%
2007 3.87% 2.28%
2008 2% 5.85%
2009 -0.04% 4.11%
2010 -0.93% 1.29%
2011 -2.26% 2.4%
2012 -1.4% 5.27%
2013 -3.55% 1.18%
2014 -4.09% 0.69%
2015 -4.25% -0.56%
2016 -5.88% -2.01%
2017 -4.72% -2.35%
2018 -2.41% -0.18%
2019 -3.24% -0.34%
2020 -3.19% -0.14%
2021 -3.01% 0.46%
2022 -1.11% 2.45%
2023 -0.63% 0.75%
2024 -0.6% 0.32%
2025 -0.84% 0.17%

Inflation comparison by year

Over the past 29 years, Cameroon has recorded an average annual inflation rate of 2.79%, compared with 44.8% in Turkmenistan. In 2024, inflation was 4.53% in Cameroon and 3.9% in Turkmenistan.

Inflation
Cameroon

Turkmenistan
Year Inflation
Cameroon Turkmenistan Cameroon Turkmenistan
1996 3.92% 992%
1997 4.79% 83.7%
1998 3.17% 16.8%
1999 1.87% 23.5%
2000 1.23% 8%
2001 4.42% 11.6%
2002 2.83% 8.8%
2003 0.62% 5.6%
2004 0.23% 5.9%
2005 2.01% 10.7%
2006 5.12% 8.2%
2007 0.92% 6.3%
2008 5.34% 14.5%
2009 3.04% -2.7%
2010 1.28% 4.4%
2011 2.94% 5.3%
2012 2.74% 5.3%
2013 2.05% 6.8%
2014 1.85% 6%
2015 2.68% 7.4%
2016 0.87% 3.6%
2017 0.64% 8%
2018 1.07% 13.3%
2019 2.45% 5.1%
2020 2.44% 6.1%
2021 2.27% 19.5%
2022 6.25% 11.2%
2023 7.38% -1.6%
2024 4.53% 4.6%
2025 - 3.9%

Balance of trade

Cameroon Turkmenistan
Current account balance
-$2.02B
2023
n/a
Current account balance ranking
143/189
2023
n/a
Current account balance, % of GDP
-4.1%
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
21.1%
2024
12.5%
2023
Exports of goods and services, % of GDP
14.7%
2024
21.6%
2023

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 52.1 47.1
Economic freedom ranking 149/197 178/197
Property rights 31.3 17.7
Government integrity 20.7 7.3
Judicial effectiveness 10.3 8.2
Tax burden 72.9 94.2
Government spending 91.2 96.7
Fiscal health 92.3 100
Business freedom 48.8 37.4
Labor freedom 46.5 33.9
Monetary freedom 73.7 75.1
Trade freedom 57.2 74.2
Investment freedom 30 10
Financial freedom 50 10

Economic freedom by year comparison

The Economic Freedom Index for Cameroon is 52.1, ranking 149/197, compared to 47.1 for Turkmenistan, ranking 178/197. The chart below displays a comparison of annual changes in economic freedom indexes.

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

More economic indicators

Cameroon Turkmenistan
Services, % of GDP
49.9%
2024
49.4%
2023
Industry, % of GDP
25.6%
2024
39.3%
2023
Agriculture, forestry, and fishing, % of GDP
17.4%
2024
11.3%
2023
GNI, Atlas method
$49B
2024
$62.9B
2024
GNI per capita, PPP
$5,490
2024
$20,220
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
$925M
2024
$1.64B
2024
Net outflows of foreign direct investment
$5.56M
2024
n/a
Servicing debt to the IMF, % of GNI
3.53%
2023
1.93%
2023
Poverty at national poverty lines
37.7%
2021
0.2%
2020
Gross capital formation, % of GDP
21.4%
2024
47.2%
2012

GDP per capita map

GDP per capita

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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.