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Economy of China vs Turkmenistan compared: GDP & Debt

Updated on by Georank

China has a GDP of $19.5T compared to $49.8B for Turkmenistan, ranking 2/197 and 96/197 by economy size, respectively.

China has $19.3T in government debt (99.2% of GDP), compared to $1.87B (3.76% of GDP) in Turkmenistan.

China vs Turkmenistan GDP by year

China
Turkmenistan
1x
Year GDP, current $
China Turkmenistan
2025 $19,498,039,388,043 $49,828,621,356
2024 $18,729,668,435,848 $44,249,447,717
2023 $18,270,356,654,533 $39,020,211,240
2022 $18,316,765,021,690 $37,583,913,148
2021 $18,201,698,719,564 $26,334,182,094
2020 $14,996,414,166,715 $27,350,527,268
2019 $14,560,167,101,283 $29,700,000,000
2018 $14,147,765,772,964 $26,036,313,869
2017 $12,537,559,062,283 $33,352,261,307
2016 $11,456,024,084,962 $33,313,947,368
2015 $11,280,814,787,469 $35,799,714,286
2014 $10,674,533,168,257 $43,524,210,526
2013 $9,743,124,247,267 $39,197,543,860
2012 $8,673,664,713,189 $35,164,210,526
2011 $7,671,757,207,851 $29,233,333,333
2010 $6,192,564,874,453 $22,583,157,895
2009 $5,189,577,094,998 $20,214,385,965
2008 $4,667,346,414,522 $19,271,523,179
2007 $3,604,055,822,572 $12,664,165,103
2006 $2,791,498,472,804 $10,276,674,365
2005 $2,317,551,298,052 $8,103,901,996
2004 $1,984,196,551,300 $6,838,351,088
2003 $1,683,903,309,844 $5,977,440,583
2002 $1,489,821,682,051 $4,462,029,109
2001 $1,355,036,590,252 $3,534,772,732
2000 $1,223,754,919,971 $2,904,663,311
1999 $1,103,843,203,576 $2,450,564,100
1998 $1,037,134,141,760 $2,605,689,134
1997 $967,753,570,435 $2,450,350,625
1996 $868,523,936,530 $2,378,759,975
1995 $738,190,896,228 $2,482,228,440
1994 $566,929,539,493 $2,561,118,608
1993 $446,557,291,212 $3,179,225,949
1992 $428,502,354,788 $3,200,539,816
1991 $384,510,452,962 $3,208,098,919
1990 $361,560,229,446 $3,189,539,641
1989 $348,380,566,802 $3,006,988,217
1988 $312,888,888,889 $3,010,982,414
1987 $273,455,156,951 $2,331,358,820
1986 $301,310,144,928 -
1985 $310,064,625,850 -
1984 $260,442,857,143 -
1983 $231,130,268,199 -
1982 $205,480,916,031 -
1981 $196,218,253,968 -
1980 $191,487,500,000 -
1979 $178,573,913,043 -
1978 $149,788,617,886 -
1977 $175,226,595,860 -
1976 $154,196,810,059 -
1975 $163,687,619,736 -
1974 $144,418,433,058 -
1973 $138,764,340,892 -
1972 $113,871,930,714 -
1971 $99,959,013,880 -
1970 $92,752,930,873 -
1969 $79,847,786,729 -
1968 $70,980,323,819 -
1967 $73,011,350,596 -
1966 $76,854,053,259 -
1965 $70,565,994,356 -
1964 $59,821,862,703 -
1963 $50,812,227,919 -
1962 $47,310,737,754 -
1961 $50,162,299,350 -
1960 $59,846,235,025 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

GDP per capita in China vs Turkmenistan by year

China
GDP per capita

GDP per capita, PPP
Turkmenistan
GDP per capita

GDP per capita, PPP
1x
Year Current $
China Turkmenistan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $13,862 - $6,540 -
2024 $13,293 $27,105 $5,904 $21,213
2023 $12,951 $25,179 $5,298 $19,829
2022 $12,971 $23,032 $5,198 $18,340
2021 $12,887 $20,843 $3,713 $16,434
2020 $10,627 $18,267 $3,935 $15,091
2019 $10,343 $17,601 $4,365 $15,478
2018 $10,086 $16,298 $3,912 $14,368
2017 $8,980 $15,022 $5,126 $13,278
2016 $8,255 $14,157 $5,238 $12,919
2015 $8,175 $13,463 $5,759 $12,715
2014 $7,781 $12,942 $7,164 $12,477
2013 $7,147 $12,228 $6,600 $11,723
2012 $6,405 $11,420 $6,054 $11,035
2011 $5,704 $10,457 $5,144 $10,283
2010 $4,629 $9,411 $4,059 $8,972
2009 $3,898 $8,448 $3,708 $8,285
2008 $3,523 $7,713 $3,606 $7,916
2007 $2,735 $6,935 $2,415 $6,901
2006 $2,129 $5,946 $1,997 $6,164
2005 $1,778 $5,148 $1,604 $5,489
2004 $1,531 $4,505 $1,379 $4,798
2003 $1,307 $4,007 $1,229 $4,536
2002 $1,164 $3,591 $936 $4,393
2001 $1,065 $3,258 $756 $4,401
2000 $969 $2,964 $634 $4,209
1999 $881 $2,690 $546 $3,981
1998 $835 $2,483 $591 $3,432
1997 $787 $2,297 $565 $3,222
1996 $713 $2,088 $558 $3,636
1995 $613 $1,884 $592 $3,405
1994 $476 $1,680 $622 $3,659
1993 $379 $1,471 $788 $4,422
1992 $368 $1,276 $811 $4,351
1991 $334 $1,105 $832 $5,117
1990 $319 $991 $848 $5,321
1989 $311 - $821 -
1988 $284 - $846 -
1987 $252.3 - $675 -
1986 $282.4 - - -
1985 $295 - - -
1984 $251.2 - - -
1983 $225.9 - - -
1982 $203.7 - - -
1981 $197.4 - - -
1980 $195.1 - - -
1979 $184.3 - - -
1978 $156.7 - - -
1977 $185.7 - - -
1976 $165.7 - - -
1975 $178.6 - - -
1974 $160.4 - - -
1973 $157.3 - - -
1972 $132.1 - - -
1971 $118.8 - - -
1970 $113.3 - - -
1969 $100.3 - - -
1968 $91.6 - - -
1967 $96.8 - - -
1966 $104.5 - - -
1965 $98.7 - - -
1964 $85.7 - - -
1963 $74.5 - - -
1962 $71.1 - - -
1961 $76 - - -
1960 $89.7 - - -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

China's GDP per capita is $13,862, ranking 77/197, compared to $6,540 in Turkmenistan, ranking 111/197. Adjusted for purchasing power (GDP per capita PPP), China ranks 77th at $27,105, while Turkmenistan ranks 94th at $21,213.

Economic indicators

China Turkmenistan
Gross domestic product
$19.5T
2025
$49.8B
2025
GDP rank
2/197
2025
96/197
2025
GDP growth
4.96%
2024-2025
6.3%
2024-2025
GDP per capita
$13,862
2025
$6,540
2025
GDP per capita rank
77/197
2025
111/197
2025
GDP per capita, PPP
$27,105
2024
$21,213
2024
GDP per capita PPP rank
77/197
2024
94/197
2024
Government debt
$19.3T
2025
$1.87B
2025
Debt-to-GDP ratio
99.2%
2025
3.76%
2025
Government debt per person
$13,756
2025
$246
2025
Government debt per person rank
47/185
2025
180/185
2025
Average annual personal income after taxes
$10,414
2026
$2,520
2026
Market capitalization of domestic companies
$15.5T
2025
n/a
Number of millionaires
5,305,000
2026
n/a
Number of billionaires
539
2026
n/a
Income share by richest 10%
28.4%
2022
31.5%
1998
Income share by poorest 10%
3.1%
2022
2.4%
1998
Government expenditure, % of GDP
32.9%
2025
14.1%
2025
Consumer prices inflation
0%
2024-2025
2.7%
2024-2025
Central bank interest rate
3%
2025
n/a
Unemployment rate
4.57%
2022
4%
2010
Population
1403335670
7800189

Spending and national debt comparison by year

China
Spending

Debt
Turkmenistan
Spending

Debt
1x
Year % of GDP
China Turkmenistan
Government spending Government debt Government spending Government debt
2025 32.9% 99.2% 14.1% 3.76%
2024 32.9% 90.4% 14.5% 4.11%
2023 32.7% 84.1% 13.7% 5.46%
2022 32.6% 77.3% 13% 7.14%
2021 31.9% 72.1% 13.4% 12.3%
2020 34.8% 70.1% 13.5% 15.4%
2019 33.6% 59.8% 13.6% 17.7%
2018 32.6% 55.9% 13.7% 22.5%
2017 32% 53.9% 17.8% 24.7%
2016 31.7% 50% 14.1% 21.1%
2015 31% 40.8% 17.3% 19%
2014 28.4% 39.3% 17% 16%
2013 28.1% 36.4% 16.9% 20.4%
2012 27.7% 33.8% 14.7% 17.9%
2011 26.6% 33.2% 15.4% 14.8%
2010 24.7% 33.3% 14.6% 7.04%
2009 25.2% 34% 14.4% 3.09%
2008 22.2% 26.7% 11.7% 3.56%
2007 17.9% 28.7% 14.4% 3.06%
2006 18.1% 25.2% 16% 4.23%
2005 18% 25.9% 21.1% 6.82%
2004 17.6% 26% 20.3% 11.4%
2003 18% 26.4% 20.8% 16.9%
2002 18.2% 25.6% 19.4% 24.2%
2001 17.2% 24.3% 22.6% 34.1%
2000 16.1% 22.7% 25.9% 55.1%
1999 14.9% 21.6% 20.8% 66.7%
1998 12.6% 20.4% 26.1% 81.6%
1997 11.5% 20.4% 26.9% 64.2%
1996 11% 21.2% - -
1995 11.1% 21.4% - -
1994 12.4% - - -
1993 13.4% - - -
1992 14.6% - - -
1991 16.5% - - -
1990 18.2% - - -
1989 18.6% - - -
1988 20.9% 4.46% - -
1987 23.4% 3.6% - -
1986 25.6% 3.24% - -
1985 25.8% 3.31% - -
1984 26.9% 0.97% - -
1983 28.3% - - -
1982 27.9% - - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1982–1989, retrieved 2026-07-08).

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

In 2025, China's government spending was $6.41T, accounting for 32.9% of its GDP, while Turkmenistan spent $7.05B, or 14.1% of GDP.

Debt-to-GDP ratio is 99.2% in China and 3.76% in Turkmenistan, ranking 26/185 and 183/185, respectively.

Government deficit by year

Deficit/surplus
China

Turkmenistan
1x
Year Deficit/surplus, % of GDP
China Turkmenistan
2025 -7.87% 0.06%
2024 -7.11% -0.08%
2023 -6.71% 0.11%
2022 -7.32% 3.38%
2021 -5.9% 0.57%
2020 -9.56% -0.16%
2019 -6% -0.4%
2018 -4.2% -0.22%
2017 -3.34% -2.84%
2016 -3.33% -2.38%
2015 -2.5% -0.7%
2014 -0.67% 0.89%
2013 -0.82% 1.53%
2012 -0.3% 7.53%
2011 -0.1% 3.84%
2010 -0.36% 2.13%
2009 -1.72% 7.53%
2008 -0.02% 10.7%
2007 0.06% 4.19%
2006 -1.13% 5.64%
2005 -1.38% 0.86%
2004 -1.49% 1.47%
2003 -2.36% 3.99%
2002 -2.84% 0.19%
2001 -2.56% 0.77%
2000 -2.81% -0.55%
1999 -2.3% 2.48%
1998 -1.08% 1.15%
1997 -0.73% -0.2%
1996 -0.73% -
1995 -0.94% -
1994 -1.68% -
1993 -0.89% -
1992 -1.22% -
1991 -1.04% -
1990 -0.72% -
1989 -0.91% -
1988 -2.22% -
1987 -2.08% -
1986 -1.82% -
1985 -0.45% -
1984 -1.44% -
1983 -1.61% -
1982 -1.33% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1982–1989, retrieved 2026-07-08).

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

In 2025, China's government deficit, the difference between spending and revenue, was $1.53T, equivalent to 7.87% of GDP. This compares to Turkmenistan's surplus of $31.4M, or 0.06% of GDP.

Over the past 29 years, China recorded a fiscal deficit in 28 of those years, while Turkmenistan ran a deficit in 9 years. On average, China posted an annual deficit equal to 2.98% of GDP, compared to surplus of 1.78% of GDP for Turkmenistan.

Inflation comparison by year

Inflation
China

Turkmenistan
1x
Year Consumer prices inflation
China Turkmenistan
2025 0% 2.7%
2024 0.2% 4.6%
2023 0.2% -1.6%
2022 2% 11.2%
2021 0.9% 19.5%
2020 2.5% 6.1%
2019 2.9% 5.1%
2018 2.1% 13.3%
2017 1.6% 8%
2016 2% 3.6%
2015 1.4% 7.4%
2014 2% 6%
2013 2.6% 6.8%
2012 2.6% 5.3%
2011 5.4% 5.3%
2010 3.3% 4.4%
2009 -0.7% -2.7%
2008 5.8% 14.5%
2007 4.8% 6.3%
2006 1.5% 8.2%
2005 1.8% 10.7%
2004 3.9% 5.9%
2003 1.2% 5.6%
2002 -0.8% 8.8%
2001 0.7% 11.6%
2000 0.4% 8%
1999 -1.4% 23.5%
1998 -0.8% 16.8%
1997 2.8% 83.7%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, China has recorded an average annual inflation rate of 1.76%, compared with 10.6% in Turkmenistan. In 2025, inflation was 0% in China and 2.7% in Turkmenistan.

Top exports between countries

China
Export category Export value
Machinery & equipment $918M
Textiles & consumer goods $238M
Metals $194M
Chemicals & pharma $110M
Raw materials & minerals $77.8M
Wood & paper products $24.6M
Miscellaneous $13.9M
Raw agricultural goods $12.5M
Animal & marine products $5.98M
Processed food, beverages & tobacco $2.72M
Turkmenistan
Export category Export value
Raw materials & minerals $8.42B
Raw agricultural goods $7.66M
Textiles & consumer goods $7.48M
Machinery & equipment $624K
Processed food, beverages & tobacco $352K
Wood & paper products $32K
Chemicals & pharma $2K
Miscellaneous $1K

Balance of trade

China Turkmenistan
Current account balance
$735B
2025
n/a
Current account balance ranking
1/190
2025
n/a
Current account balance, % of GDP
+3.77%
2025
n/a
Goods imports
$2.69T
2025
n/a
Goods exports
$3.75T
2025
n/a
Service imports
$623B
2025
n/a
Service exports
$385B
2025
n/a
Imports of goods and services, % of GDP
16.9%
2025
13.7%
2025
Exports of goods and services, % of GDP
21.1%
2025
14.5%
2025

Economic freedom indices

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

China Turkmenistan
Economic freedom 48.3 47
Economic freedom ranking 170/197 177/197
Property rights 40.9 17.4
Government integrity 42.3 8.4
Judicial effectiveness 38.6 12.3
Tax burden 69.3 94.2
Government spending 67.8 94.3
Fiscal health 4.4 99.9
Business freedom 68.7 37.5
Labor freedom 57.9 29.3
Monetary freedom 76.1 76.7
Trade freedom 73.4 74.2
Investment freedom 20 10
Financial freedom 20 10

Economic freedom comparison by year

China
Turkmenistan
1x
Year Economic freedom index
China Turkmenistan
2026 48.3 47
2025 49 47.1
2024 48.5 46.3
2023 48.3 46.5
2022 48 46.2
2021 58.4 47.4
2020 59.5 46.5
2019 58.4 48.4
2018 57.8 47.1
2017 57.4 47.4
2016 52 41.9
2015 52.7 41.4
2014 52.5 42.2
2013 51.9 42.6
2012 51.2 43.8
2011 52 43.6
2010 51 42.5
2009 53.2 44.2
2008 53.1 43.4
2007 52 43
2006 53.6 43.8
2005 53.7 47.6
2004 52.5 50.7
2003 52.6 51.3
2002 52.8 43.2
2001 52.6 41.8
2000 56.4 37.6
1999 54.8 36.1
1998 53.1 35
1997 51.7 -
1996 51.3 -
1995 52 -

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

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

The Economic Freedom Index for China is 48.3, ranking 170/197, compared to 47 for Turkmenistan, ranking 177/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

China Turkmenistan
Services, % of GDP
57.7%
2025
48.9%
2025
Industry, % of GDP
35.6%
2025
36%
2025
Agriculture, forestry, and fishing, % of GDP
6.66%
2025
12.4%
2025
GNI, Atlas method
$20T
2025
$48.3B
2025
GNI per capita, PPP
$29,160
2025
$22,830
2025
Total reserves including gold
$3.75T
2025
$1.51B
1999
Total reserves ranking
1/177
2025
135/177
1999
Net foreign direct investment
$77.2B
2025
n/a
Net inflows of foreign direct investment
$42.6B
2024
$1.64B
2024
Net outflows of foreign direct investment
$192B
2024
$0
2024
Servicing debt to the IMF, % of GNI
1.9%
2024
2.22%
2024
Poverty at national poverty lines
0%
2020
0.2%
2020
Gross capital formation, % of GDP
40.5%
2024
47.2%
2012

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

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

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. International Monetary Fund (IMF) | Public Finances in Modern History (1982–1989, retrieved 2026-07-08)
  6. TradeMap (2025, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)
  9. Central Intelligence Agency (CIA) (2020, retrieved 2026-07-08)

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.