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Economy of Central African Republic vs Turkmenistan compared: GDP & Debt

Updated on by Georank team

The Central African Republic has a GDP of $2.75B compared to $64.2B for Turkmenistan, ranking 171/197 and 88/197 by economy size, respectively.

The Central African Republic has $1.67B in government debt (58.3% 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.

Central African Republic
GDP, current $

GDP, constant 2015 $
Turkmenistan
GDP, current $

GDP, constant 2015 $
Year GDP
CAR Turkmenistan
Current $ Constant $ Current $ Constant $
1960 $112,155,598 $980,371,514 - -
1961 $123,134,583 $1,028,934,744 - -
1962 $124,482,774 $990,722,164 - -
1963 $129,379,124 $983,717,651 - -
1964 $142,025,079 $1,004,182,172 - -
1965 $150,574,795 $1,013,697,588 - -
1966 $157,930,018 $1,020,233,745 - -
1967 $163,820,514 $1,067,946,130 - -
1968 $191,767,442 $1,082,941,303 - -
1969 $188,039,210 $1,159,738,546 - -
1970 $189,106,529 $1,186,793,864 - -
1971 $201,450,800 $1,200,207,037 - -
1972 $230,317,883 $1,200,196,629 - -
1973 $271,183,082 $1,222,867,623 - -
1974 $281,398,706 $1,300,385,612 - -
1975 $378,660,016 $1,305,652,006 - -
1976 $451,152,461 $1,376,581,800 - -
1977 $507,298,148 $1,428,977,737 - -
1978 $610,578,632 $1,446,257,442 - -
1979 $700,764,748 $1,410,605,203 - -
1980 $797,048,199 $1,347,429,290 - -
1981 $694,803,623 $1,326,618,708 - -
1982 $748,312,391 $1,428,977,737 - -
1983 $658,679,333 $1,312,851,667 - -
1984 $637,820,670 $1,437,332,673 - -
1985 $864,849,836 $1,493,779,883 - -
1986 $1,122,265,013 $1,547,227,017 - -
1987 $1,200,991,978 $1,470,809,662 $2,331,358,820 $9,134,688,479
1988 $1,264,899,288 $1,495,962,938 $3,010,982,414 $10,141,662,024
1989 $1,233,930,281 $1,525,542,171 $3,006,988,217 $9,710,101,902
1990 $1,440,711,459 $1,492,780,725 $3,189,539,641 $13,145,978,552
1991 $1,377,374,987 $1,484,532,469 $3,208,098,919 $12,540,571,637
1992 $1,411,917,553 $1,389,164,943 $3,200,539,816 $10,663,751,367
1993 $1,278,781,262 $1,393,822,475 $3,179,225,949 $10,823,707,656
1994 $851,174,357 $1,462,119,071 $2,561,118,608 $8,951,221,334
1995 $1,115,389,674 $1,567,392,310 $2,482,228,440 $8,306,729,733
1996 $1,007,791,127 $1,504,695,161 $2,378,759,975 $8,863,279,974
1997 $937,741,513 $1,584,443,042 $2,450,350,625 $7,852,866,037
1998 $967,338,390 $1,658,914,120 $2,605,689,134 $8,410,419,553
1999 $999,477,511 $1,718,634,612 $2,450,564,100 $9,798,138,737
2000 $916,777,283 $1,675,850,365 $2,904,663,311 $10,334,005,228
2001 $932,648,605 $1,750,672,710 $3,534,772,732 $10,782,898,471
2002 $996,068,145 $1,813,986,527 $4,462,029,109 $10,810,629,921
2003 $1,142,315,523 $1,716,076,873 $5,977,440,583 $11,164,010,880
2004 $1,272,360,517 $1,818,953,694 $6,838,351,088 $11,722,256,910
2005 $1,337,894,379 $1,835,473,623 $8,103,901,996 $13,250,139,963
2006 $1,461,859,762 $1,923,045,638 $10,276,674,365 $14,704,118,675
2007 $1,699,811,295 $2,011,650,636 $12,664,165,103 $16,330,291,194
2008 $1,993,407,888 $2,052,972,574 $19,271,523,179 $18,730,843,999
2009 $2,067,381,665 $2,229,266,676 $20,214,385,965 $19,873,425,505
2010 $2,142,591,540 $2,332,499,968 $22,583,157,895 $21,701,780,649
2011 $2,437,982,705 $2,430,339,369 $29,233,333,333 $24,891,942,389
2012 $2,510,126,512 $2,553,162,919 $35,164,210,526 $27,654,947,984
2013 $1,691,544,110 $1,624,016,454 $39,197,543,860 $30,475,752,707
2014 $1,894,813,389 $1,625,333,053 $43,524,210,526 $33,614,755,226
2015 $1,695,825,714 $1,695,825,714 $35,799,714,286 $35,799,714,286
2016 $1,825,018,145 $1,776,382,809 $36,169,428,571 $38,019,296,559
2017 $2,072,349,973 $1,856,804,601 $37,926,285,714 $40,490,550,854
2018 $2,220,979,146 $1,927,167,164 $40,765,428,571 $43,000,964,983
2019 $2,221,301,351 $1,986,909,346 $45,232,857,143 $45,710,025,795
2020 $2,326,720,900 $2,004,791,530 $45,818,000,000 $48,406,917,339
2021 $2,516,498,412 $2,024,497,026 $50,007,428,571 $51,408,146,222
2022 $2,382,618,615 $2,033,686,257 $58,972,000,000 $54,595,451,255
2023 $2,555,492,086 $2,047,921,418 $60,628,857,143 $58,035,050,719
2024 $2,751,544,520 $2,079,451,881 $64,239,891,739 $59,349,032,300

Economic indicators

CAR Turkmenistan
Gross domestic product
$2.75B
2024
$64.2B
2024
GDP rank
171/197
2024
88/197
2024
GDP growth
7.67%
2023-2024
5.96%
2023-2024
GDP per capita
$516
2024
$8,572
2024
GDP per capita rank
194/197
2024
91/197
2024
GDP per capita, PPP
$1,264
2024
$20,408
2024
Government debt
$1.67B
2024
$2.97B
2024
Debt-to-GDP ratio
58.3%
2025
4.5%
2025
Government debt per person
$313
2024
$396
2024
Government debt per person rank
178/185
2024
172/185
2024
Average annual personal income after taxes
$1,261
2025
$8,974
2025
Income share by richest 10%
33.1%
2021
31.5%
1998
Income share by poorest 10%
2.1%
2021
2.4%
1998
Government expenditure, % of GDP
17.9%
2025
11.1%
2025
Consumer prices inflation
4.6%
2024-2025
3.9%
2024-2025
Unemployment rate
6.9%
2017
4%
2010
Population
5662456
7713465

GDP per capita in Central African Republic vs Turkmenistan

The Central African Republic's GDP per capita is $516, ranking 194/197, compared to $8,572 in Turkmenistan, ranking 91/197. Adjusted for purchasing power (GDP per capita PPP), the Central African Republic ranks 195th at $1,264, while Turkmenistan ranks 94th at $20,408.

Central African Republic
GDP per capita

GDP per capita, PPP
Turkmenistan
GDP per capita

GDP per capita, PPP
Year Current $
CAR Turkmenistan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
1960 $65.9 - - -
1961 $71 - - -
1962 $70.4 - - -
1963 $71.8 - - -
1964 $77.2 - - -
1965 $80.2 - - -
1966 $82.3 - - -
1967 $83.6 - - -
1968 $95.6 - - -
1969 $91.7 - - -
1970 $90.2 - - -
1971 $94.1 - - -
1972 $105.5 - - -
1973 $121.8 - - -
1974 $124 - - -
1975 $163.6 - - -
1976 $192.1 - - -
1977 $213.8 - - -
1978 $254.6 - - -
1979 $289.1 - - -
1980 $325 - - -
1981 $280.3 - - -
1982 $298.4 - - -
1983 $259.6 - - -
1984 $248.3 - - -
1985 $333 - - -
1986 $426 - - -
1987 $450 - $675 -
1988 $466 - $846 -
1989 $443 - $821 -
1990 $502 $620 $848 $5,321
1991 $465 $618 $832 $5,117
1992 $462 $573 $811 $4,351
1993 $405 $570 $788 $4,422
1994 $261.3 $592 $622 $3,659
1995 $333 $631 $592 $3,405
1996 $293.3 $601 $558 $3,636
1997 $265.5 $626 $565 $3,222
1998 $266.6 $645 $591 $3,432
1999 $268 $660 $546 $3,981
2000 $239.2 $640 $634 $4,209
2001 $238 $668 $756 $4,401
2002 $248.6 $688 $936 $4,393
2003 $278.4 $648 $1,229 $4,536
2004 $303 $690 $1,379 $4,798
2005 $312 $702 $1,604 $5,489
2006 $334 $743 $1,997 $6,164
2007 $381 $783 $2,415 $6,901
2008 $437 $798 $3,606 $7,916
2009 $456 $877 $3,708 $8,285
2010 $477 $936 $4,059 $8,972
2011 $534 $980 $5,144 $10,283
2012 $544 $1,062 $6,054 $11,035
2013 $364 $710 $6,600 $11,723
2014 $410 $699 $7,164 $12,477
2015 $366 $769 $5,759 $12,715
2016 $387 $826 $5,687 $12,919
2017 $432 $884 $5,828 $13,278
2018 $455 $906 $6,125 $14,368
2019 $449 $985 $6,648 $15,478
2020 $463 $1,066 $6,593 $15,091
2021 $492 $1,129 $7,051 $16,434
2022 $467 $1,218 $8,156 $18,340
2023 $496 $1,257 $8,233 $19,829
2024 $516 $1,264 $8,572 $20,408

Spending and national debt comparison

In 2024, the Central African Republic's government spending was $538M, accounting for 17.9% of its GDP, while Turkmenistan's spent $7.26B, or 11.1% of GDP.

Debt-to-GDP ratio is 58.3% in the Central African Republic and 4.5% in Turkmenistan, ranking 87/185 and 183/185, respectively.

Central African Republic
Government spending

Government debt
Turkmenistan
Government spending

Government debt
Year % of GDP
CAR Turkmenistan
Government spending Government debt Government spending Government debt
1988 21.4% 48.8% - -
1989 19.6% 50.9% - -
1990 22% 44.6% - -
1991 22.6% 55.8% - -
1992 23.1% 57.4% - -
1993 20.6% 68.2% - -
1994 22.4% 103.4% - -
1995 20.6% 83.8% - -
1996 11.7% 93% - -
1997 14.5% 96.1% 14.6% 84.9%
1998 18.1% 85.3% 14.2% 107.9%
1999 18.2% 84.2% 11.3% 88.2%
2000 17.2% 94.7% 14.1% 72.9%
2001 14.1% 103.1% 12.3% 45.1%
2002 16.7% 98.5% 10.6% 32%
2003 12.3% 95.9% 11.3% 22.4%
2004 13.1% 99.7% 11% 15.1%
2005 16.2% 103% 11.5% 9.01%
2006 13.4% 46.7% 8.74% 5.59%
2007 12.9% 47.9% 7.86% 4.05%
2008 16% 35.8% 6.36% 4.71%
2009 16% 20.3% 7.84% 4.08%
2010 17.3% 19.9% 8.86% 6.21%
2011 14.2% 19.7% 9.62% 10%
2012 14.7% 31.5% 10.3% 13.8%
2013 13.4% 51.8% 13% 16%
2014 18% 62.2% 13.2% 12.3%
2015 14% 59.8% 13.8% 14.5%
2016 12.1% 53.9% 11.9% 18.5%
2017 13.9% 50.3% 14.7% 20%
2018 17.6% 50% 11.4% 18.7%
2019 16.9% 48.2% 11.6% 15.3%
2020 25.1% 44.4% 11.8% 13.3%
2021 19.7% 48.5% 10.9% 10.7%
2022 17.6% 51% 9.44% 5.77%
2023 18.1% 58.2% 10.9% 4.66%
2024 19.5% 60.7% 11.3% 4.62%
2025 17.9% 58.3% 11.1% 4.5%

Government deficit by year

In 2024, the Central African Republic's government deficit, the difference between spending and revenue, was -$137M, equivalent to -4.98% of GDP. This compares to Turkmenistan's surplus of $204M, or 0.32% of GDP.

Over the past 28 years, the Central African Republic recorded a fiscal deficit in 23 of those years, while Turkmenistan ran a deficit in 8 years. On average, the Central African Republic posted an annual deficit equal to -1.45% of GDP, compared to surplus of +1.07% of GDP for Turkmenistan.

Deficit/surplus
Central African Republic

Turkmenistan
Year Deficit/surplus, % of GDP
CAR Turkmenistan
1988 -3.72% -
1989 -3.25% -
1990 -6.6% -
1991 -8% -
1992 -7.33% -
1993 -5.66% -
1994 -7.57% -
1995 -4.84% -
1996 -1.06% -
1997 -1.57% -0.11%
1998 0.001% 0.63%
1999 -0.5% 1.35%
2000 -2.01% -0.3%
2001 -0.88% 0.42%
2002 -1.19% 0.1%
2003 -3.06% 2.17%
2004 -1.74% 0.8%
2005 -4.37% 0.47%
2006 8.58% 3.07%
2007 1.04% 2.28%
2008 -1.23% 5.85%
2009 -0.54% 4.11%
2010 -1.35% 1.29%
2011 -2.15% 2.4%
2012 -0.78% 5.27%
2013 -2.3% 1.18%
2014 -3.26% 0.69%
2015 -0.59% -0.56%
2016 1.28% -2.01%
2017 -1.06% -2.35%
2018 -0.97% -0.18%
2019 1.42% -0.34%
2020 -3.36% -0.14%
2021 -6.02% 0.46%
2022 -5.34% 2.45%
2023 -3.59% 0.75%
2024 -4.98% 0.32%
2025 -1.62% 0.17%

Inflation comparison by year

Over the past 30 years, the Central African Republic has recorded an average annual inflation rate of 3.4%, compared with 43.4% in Turkmenistan. In 2025, inflation was 4.6% in the Central African Republic and 3.9% in Turkmenistan.

Inflation
Central African Republic

Turkmenistan
Year Inflation
CAR Turkmenistan CAR Turkmenistan
1996 3.8% 992%
1997 1.6% 83.7%
1998 -2% 16.8%
1999 -1.6% 23.5%
2000 3.4% 8%
2001 4.1% 11.6%
2002 2.3% 8.8%
2003 4.4% 5.6%
2004 -2.6% 5.9%
2005 2.9% 10.7%
2006 6.9% 8.2%
2007 0.9% 6.3%
2008 9.2% 14.5%
2009 3.6% -2.7%
2010 1.5% 4.4%
2011 1.2% 5.3%
2012 5.9% 5.3%
2013 4% 6.8%
2014 17.8% 6%
2015 1.4% 7.4%
2016 4.9% 3.6%
2017 4.2% 8%
2018 1.6% 13.3%
2019 2.8% 5.1%
2020 0.9% 6.1%
2021 4.3% 19.5%
2022 5.6% 11.2%
2023 3% -1.6%
2024 1.5% 4.6%
2025 4.6% 3.9%

Balance of trade

CAR Turkmenistan
Current account balance
-$24.7M
1994
n/a
Current account balance ranking
78/189
1994
n/a
Current account balance, % of GDP
-2.9%
1994
n/a
Goods imports
$131M
1994
n/a
Goods exports
$146M
1994
n/a
Service imports
$114M
1994
n/a
Service exports
$33.1M
1994
n/a
Imports of goods and services, % of GDP
32.4%
2024
12.5%
2023
Exports of goods and services, % of GDP
15.5%
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.

CAR Turkmenistan
Economic freedom 42.8 47.1
Economic freedom ranking 184/197 178/197
Property rights 6.9 17.7
Government integrity 19.6 7.3
Judicial effectiveness 4 8.2
Tax burden 65.5 94.2
Government spending 89.8 96.7
Fiscal health 53.8 100
Business freedom 27.1 37.4
Labor freedom 48.3 33.9
Monetary freedom 72.8 75.1
Trade freedom 50.4 74.2
Investment freedom 45 10
Financial freedom 30 10

Economic freedom by year comparison

The Economic Freedom Index for the Central African Republic is 42.8, ranking 184/197, compared to 47.1 for Turkmenistan, ranking 178/197. The chart below displays a comparison of annual changes in economic freedom indexes.

Central African Republic
Turkmenistan
Year Economic freedom index
CAR Turkmenistan
1998 - 35
1999 - 36.1
2000 - 37.6
2001 - 41.8
2002 59.8 43.2
2003 60 51.3
2004 57.5 50.7
2005 56.5 47.6
2006 54.2 43.8
2007 50.6 43
2008 48.6 43.4
2009 48.3 44.2
2010 48.4 42.5
2011 49.3 43.6
2012 50.3 43.8
2013 50.4 42.6
2014 46.7 42.2
2015 45.9 41.4
2016 45.2 41.9
2017 51.8 47.4
2018 49.2 47.1
2019 49.1 48.4
2020 50.7 46.5
2021 48.8 47.4
2022 45.7 46.2
2023 43.8 46.5
2024 41.3 46.3
2025 42.8 47.1

More economic indicators

CAR Turkmenistan
Services, % of GDP
40.5%
2024
49.4%
2023
Industry, % of GDP
17.8%
2024
39.3%
2023
Agriculture, forestry, and fishing, % of GDP
32.5%
2024
11.3%
2023
GNI, Atlas method
$2.75B
2024
$62.9B
2024
GNI per capita, PPP
$1,340
2024
$20,220
2024
Total reserves including gold
$480M
2023
$1.51B
1999
Total reserves ranking
158/177
2023
135/177
1999
Net foreign direct investment
$3.6M
1994
n/a
Net inflows of foreign direct investment
$40.4M
2024
$1.64B
2024
Net outflows of foreign direct investment
$1.29K
2002
n/a
Servicing debt to the IMF, % of GNI
1.41%
2023
1.93%
2023
Poverty at national poverty lines
68.8%
2021
0.2%
2020
Gross capital formation, % of GDP
15.4%
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.