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Economy of Dominican Republic vs Turkmenistan compared: GDP & Debt

Updated on by Georank team

The Dominican Republic has a GDP of $124B compared to $51.4B for Turkmenistan, ranking 63/197 and 92/197 by economy size, respectively.

The Dominican Republic has $73.1B in government debt (58.8% of GDP), compared to $2.11B (4.11% of GDP) in Turkmenistan.

Dominican Republic vs Turkmenistan GDP by year

Dominican Republic
Turkmenistan
1x
Year GDP, current $
Dominican Republic Turkmenistan
2024 $124,282,245,639 $51,387,209,872
2023 $120,456,239,154 $45,894,538,666
2022 $113,478,087,135 $42,208,726,138
2021 $94,850,719,517 $40,589,905,812
2020 $78,546,672,407 $41,509,903,182
2019 $89,146,130,745 $40,810,067,975
2018 $84,994,732,049 $40,765,428,571
2017 $79,070,274,743 $37,926,285,714
2016 $75,552,902,636 $36,169,428,571
2015 $70,966,782,572 $35,799,714,286
2014 $67,014,329,100 $43,524,210,526
2013 $62,555,417,415 $39,197,543,860
2012 $60,561,635,556 $35,164,210,526
2011 $57,948,261,616 $29,233,333,333
2010 $53,801,053,353 $22,583,157,895
2009 $48,223,781,477 $20,214,385,965
2008 $48,091,433,554 $19,271,523,179
2007 $43,965,458,509 $12,664,165,103
2006 $37,879,830,084 $10,276,674,365
2005 $35,777,560,684 $8,103,901,996
2004 $22,322,387,382 $6,838,351,088
2003 $21,403,167,848 $5,977,440,583
2002 $27,137,440,786 $4,462,029,109
2001 $25,601,823,688 $3,534,772,732
2000 $24,305,780,629 $2,904,663,311
1999 $22,136,579,397 $2,450,564,100
1998 $21,672,215,547 $2,605,689,134
1997 $20,017,450,041 $2,450,350,625
1996 $18,241,622,548 $2,378,759,975
1995 $16,637,370,839 $2,482,228,440
1994 $14,644,734,599 $2,561,118,608
1993 $13,081,042,400 $3,179,225,949
1992 $11,605,382,504 $3,200,539,816
1991 $9,824,483,340 $3,208,098,919
1990 $7,073,675,545 $3,189,539,641
1989 $6,686,593,060 $3,006,988,217
1988 $5,374,299,981 $3,010,982,414
1987 $5,827,050,753 $2,331,358,820
1986 $6,122,128,558 -
1985 $5,044,579,979 -
1984 $11,594,000,000 -
1983 $9,220,600,000 -
1982 $8,267,400,000 -
1981 $7,561,300,000 -
1980 $6,761,300,000 -
1979 $5,498,800,000 -
1978 $4,734,400,000 -
1977 $4,587,100,000 -
1976 $3,951,500,000 -
1975 $3,599,200,000 -
1974 $2,925,700,000 -
1973 $2,344,800,000 -
1972 $1,987,400,000 -
1971 $1,666,500,000 -
1970 $1,485,500,000 -
1969 $1,230,500,000 -
1968 $1,079,100,000 -
1967 $1,034,800,000 -
1966 $983,900,000 -
1965 $888,100,000 -
1964 $1,025,599,900 -
1963 $940,799,900 -
1962 $824,100,000 -
1961 $654,100,200 -
1960 $672,399,700 -

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

GeoRank.org/economy/dominican-republic/turkmenistan | CC BY

GDP per capita in Dominican Republic vs Turkmenistan by year

Dominican Republic
GDP per capita

GDP per capita, PPP
Turkmenistan
GDP per capita

GDP per capita, PPP
1x
Year Current $
Dominican Republic Turkmenistan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $10,876 $27,542 $6,857 $21,213
2023 $10,630 $25,840 $6,232 $19,829
2022 $10,104 $24,626 $5,838 $18,340
2021 $8,527 $22,053 $5,723 $16,434
2020 $7,135 $18,998 $5,973 $15,091
2019 $8,183 $19,767 $5,998 $15,478
2018 $7,883 $17,995 $6,125 $14,368
2017 $7,413 $16,846 $5,828 $13,278
2016 $7,160 $16,282 $5,687 $12,919
2015 $6,801 $14,804 $5,759 $12,715
2014 $6,496 $13,465 $7,164 $12,477
2013 $6,137 $12,414 $6,600 $11,723
2012 $6,014 $11,777 $6,054 $11,035
2011 $5,827 $11,695 $5,144 $10,283
2010 $5,479 $11,246 $4,059 $8,972
2009 $4,974 $10,382 $3,708 $8,285
2008 $5,024 $10,346 $3,606 $7,916
2007 $4,650 $9,951 $2,415 $6,901
2006 $4,055 $9,130 $1,997 $6,164
2005 $3,878 $8,215 $1,604 $5,489
2004 $2,452 $7,375 $1,379 $4,798
2003 $2,383 $7,098 $1,229 $4,536
2002 $3,066 $7,158 $936 $4,393
2001 $2,936 $6,848 $756 $4,401
2000 $2,831 $6,639 $634 $4,209
1999 $2,621 $6,305 $546 $3,981
1998 $2,608 $5,963 $591 $3,432
1997 $2,449 $5,618 $565 $3,222
1996 $2,271 $5,161 $558 $3,636
1995 $2,109 $4,871 $592 $3,405
1994 $1,892 $4,599 $622 $3,659
1993 $1,722 $4,474 $788 $4,422
1992 $1,558 $4,151 $811 $4,351
1991 $1,346 $3,722 $832 $5,117
1990 $989 $3,641 $848 $5,321
1989 $955 - $821 -
1988 $784 - $846 -
1987 $868 - $675 -
1986 $932 - - -
1985 $784 - - -
1984 $1,844 - - -
1983 $1,500 - - -
1982 $1,376 - - -
1981 $1,288 - - -
1980 $1,180 - - -
1979 $984 - - -
1978 $868 - - -
1977 $863 - - -
1976 $763 - - -
1975 $713 - - -
1974 $595 - - -
1973 $490 - - -
1972 $427 - - -
1971 $368 - - -
1970 $338 - - -
1969 $287.7 - - -
1968 $259.6 - - -
1967 $256.2 - - -
1966 $250.9 - - -
1965 $233.2 - - -
1964 $277.3 - - -
1963 $262.2 - - -
1962 $236.8 - - -
1961 $193.9 - - -
1960 $205.7 - - -

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

GeoRank.org/economy/dominican-republic/turkmenistan | CC BY

The Dominican Republic's GDP per capita is $10,876, ranking 83/197, compared to $6,857 in Turkmenistan, ranking 104/197. Adjusted for purchasing power (GDP per capita PPP), the Dominican Republic ranks 76th at $27,542, while Turkmenistan ranks 94th at $21,213.

Economic indicators

Dominican Republic Turkmenistan
Gross domestic product
$124B
2024
$51.4B
2024
GDP rank
63/197
2024
92/197
2024
GDP growth
4.95%
2023-2024
6.3%
2023-2024
GDP per capita
$10,876
2024
$6,857
2024
GDP per capita rank
83/197
2024
104/197
2024
GDP per capita, PPP
$27,542
2024
$21,213
2024
GDP per capita PPP rank
76/197
2024
94/197
2024
Government debt
$73.1B
2024
$2.11B
2024
Debt-to-GDP ratio
58.8%
2024
4.11%
2024
Government debt per person
$6,394
2024
$282
2024
Government debt per person rank
71/185
2024
179/185
2024
Average annual personal income after taxes
$6,547
2026
$7,520
2026
Income share by richest 10%
29.5%
2024
31.5%
1998
Income share by poorest 10%
2.3%
2024
2.4%
1998
Government expenditure, % of GDP
19.5%
2024
14.5%
2024
Consumer prices inflation
3.3%
2023-2024
4.6%
2023-2024
Central bank interest rate
5.5%
2025
n/a
Unemployment rate
5.31%
2024
4%
2010
Population
11637906
7776557

Spending and national debt comparison by year

Dominican Republic
Spending

Debt
Turkmenistan
Spending

Debt
1x
Year % of GDP
Dominican Republic Turkmenistan
Government spending Government debt Government spending Government debt
2024 19.5% 58.8% 14.5% 4.11%
2023 19.1% 60.5% 13.7% 5.46%
2022 18.5% 59.6% 13% 7.14%
2021 18.4% 62.8% 13.4% 12.3%
2020 22.2% 71.8% 13.5% 15.4%
2019 17.8% 53.5% 13.6% 17.7%
2018 16.5% 50.8% 13.7% 22.5%
2017 17.3% 49.5% 17.8% 24.7%
2016 17% 46.7% 14.1% 21.1%
2015 16.7% 44.8% 17.3% 19%
2014 17% 45% 17% 16%
2013 18.5% 46.8% 16.9% 20.4%
2012 19.8% 42.4% 14.7% 17.9%
2011 16% 39.1% 15.4% 14.8%
2010 16.1% 37.4% 14.6% 7.04%
2009 16.2% 36.8% 14.4% 3.09%
2008 18.5% 33.6% 11.7% 3.56%
2007 16.3% 32.9% 14.4% 3.06%
2006 17% 36% 16% 4.23%
2005 15.5% 38.3% 21.1% 6.82%
2004 17.3% 34.3% 20.3% 11.4%
2003 17.2% 48.2% 20.8% 16.9%
2002 16.5% 21.5% 19.4% 24.2%
2001 14.9% 20.4% 22.6% 34.1%
2000 14.1% 16.7% 25.9% 55.1%
1999 13.4% 16% 20.8% 66.7%
1998 12.6% 13.2% 26.1% 81.6%
1997 13.2% 13.8% 26.9% 64.2%
1996 11.4% 23% - -
1995 11% 25.7% - -
1994 12.1% 28.5% - -
1993 13% 36.1% - -
1992 10.4% 38.5% - -
1991 8.65% 47.3% - -
1990 9.1% 84.7% - -
1989 11.3% 62.5% - -
1988 12.8% 77% - -
1987 11.2% 86.9% - -
1986 10.4% 63.8% - -
1985 9.8% 66.3% - -
1984 9.32% 28.9% - -
1983 10.2% 32.9% - -
1982 10.2% 33.1% - -
1981 12.1% 29.8% - -
1980 12.8% 15.2% - -
1979 13.8% 24% - -
1978 12.3% 20.9% - -
1977 11.4% 16.4% - -
1976 12.5% 15.6% - -
1975 13.7% 13.1% - -
1974 14.6% 14.6% - -
1973 13.7% 14.6% - -
1972 14.1% 16.4% - -
1971 13.8% 17.8% - -
1970 13.3% 18% - -
1969 15.5% 17.4% - -
1968 15.5% 18.1% - -
1967 15% 16.2% - -
1966 15.2% 14.5% - -
1965 12.8% - - -
1964 16.7% - - -
1963 15.1% - - -
1962 15.7% - - -
1961 20% - - -
1960 20.1% - - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1997–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1996, retrieved 2026-02-20).

GeoRank.org/economy/dominican-republic/turkmenistan | CC BY

In 2024, the Dominican Republic's government spending was $24.2B, accounting for 19.5% of its GDP, while Turkmenistan spent $7.46B, or 14.5% of GDP.

Debt-to-GDP ratio is 58.8% in the Dominican Republic and 4.11% in Turkmenistan, ranking 83/185 and 183/185, respectively.

Government deficit by year

Deficit/surplus
Dominican Republic

Turkmenistan
1x
Year Deficit/surplus, % of GDP
Dominican Republic Turkmenistan
2024 -3.09% -0.08%
2023 -3.28% 0.11%
2022 -3.25% 3.38%
2021 -2.92% 0.57%
2020 -7.94% -0.16%
2019 -3.46% -0.4%
2018 -2.17% -0.22%
2017 -3.12% -2.84%
2016 -3.11% -2.38%
2015 -0.03% -0.7%
2014 -2.76% 0.89%
2013 -4.41% 1.53%
2012 -6.26% 7.53%
2011 -3.07% 3.84%
2010 -2.97% 2.13%
2009 -2.9% 7.53%
2008 -3.43% 10.7%
2007 0.28% 4.19%
2006 -1.69% 5.64%
2005 -0.71% 0.86%
2004 -3.6% 1.47%
2003 -4.24% 3.99%
2002 -2.28% 0.19%
2001 -0.73% 0.77%
2000 -0.86% -0.55%
1999 -0.79% 2.48%
1998 -0.29% 1.15%
1997 -0.64% -0.2%
1996 0.14% -
1995 0.82% -
1994 -0.39% -
1993 -0.16% -
1992 2.35% -
1991 0.11% -
1990 0.39% -
1989 -0.09% -
1988 -1.68% -
1987 -0.75% -
1986 -0.57% -
1985 -1.27% -
1984 -0.95% -
1983 -1.74% -
1982 -2.4% -
1981 -1.92% -
1980 -1.82% -
1979 -3.26% -
1978 -0.82% -
1977 0.15% -
1976 -0.22% -
1975 1.37% -
1974 -0.93% -
1973 -0.53% -
1972 -1.73% -
1971 -0.85% -
1970 -0.68% -
1969 -0.99% -
1968 -0.99% -
1967 -1.68% -
1966 -2.14% -
1965 -1.84% -
1964 -1.36% -
1963 -0.39% -
1962 -1.17% -
1961 -3% -
1960 -0.61% -
1959 -0.29% -
1958 -1.29% -
1957 0.21% -
1956 -0.05% -
1955 1.47% -
1954 1.43% -
1953 2.79% -
1952 0% -
1951 -2.58% -
1950 -3.66% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1997–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1950–1996, retrieved 2026-02-20).

GeoRank.org/economy/dominican-republic/turkmenistan | CC BY

In 2024, the Dominican Republic's government deficit, the difference between spending and revenue, was $3.84B, equivalent to 3.09% of GDP. This compares to Turkmenistan's deficit of $42.9M, or 0.08% of GDP.

Over the past 28 years, the Dominican Republic recorded a fiscal deficit in 27 of those years, while Turkmenistan ran a deficit in 9 years. On average, the Dominican Republic posted an annual deficit equal to 2.63% of GDP, compared to surplus of 1.84% of GDP for Turkmenistan.

Inflation comparison by year

Inflation
Dominican Republic

Turkmenistan
1x
Year Consumer prices inflation
Dominican Republic Turkmenistan
2024 3.3% 4.6%
2023 4.79% -1.6%
2022 8.81% 11.2%
2021 8.24% 19.5%
2020 3.78% 6.1%
2019 1.81% 5.1%
2018 3.56% 13.3%
2017 3.28% 8%
2016 1.61% 3.6%
2015 0.84% 7.4%
2014 3% 6%
2013 4.83% 6.8%
2012 3.69% 5.3%
2011 5.8% 5.3%
2010 6.33% 4.4%
2009 1.44% -2.7%
2008 10.6% 14.5%
2007 6.14% 6.3%
2006 7.57% 8.2%
2005 4.19% 10.7%
2004 51.5% 5.9%
2003 27.4% 5.6%
2002 5.22% 8.8%
2001 8.88% 11.6%
2000 7.72% 8%
1999 6.47% 23.5%
1998 4.83% 16.8%
1997 8.3% 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/dominican-republic/turkmenistan | CC BY

Over the past 28 years, the Dominican Republic has recorded an average annual inflation rate of 7.64%, compared with 10.9% in Turkmenistan. In 2024, inflation was 3.3% in the Dominican Republic and 4.6% in Turkmenistan.

Balance of trade

Dominican Republic Turkmenistan
Current account balance
-$4.17B
2024
n/a
Current account balance ranking
163/190
2024
n/a
Current account balance, % of GDP
-3.35%
2024
n/a
Goods imports
$29.8B
2024
n/a
Goods exports
$13.9B
2024
n/a
Service imports
$6.34B
2024
n/a
Service exports
$14.7B
2024
n/a
Imports of goods and services, % of GDP
29%
2024
11.2%
2024
Exports of goods and services, % of GDP
22.8%
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.

Dominican Republic Turkmenistan
Economic freedom 63.8 47
Economic freedom ranking 77/197 177/197
Property rights 53.9 17.4
Government integrity 39.8 8.4
Judicial effectiveness 58 12.3
Tax burden 84.4 94.2
Government spending 89.1 94.3
Fiscal health 76.6 99.9
Business freedom 71.4 37.5
Labor freedom 53.2 29.3
Monetary freedom 72.1 76.7
Trade freedom 67.4 74.2
Investment freedom 60 10
Financial freedom 40 10

Economic freedom comparison by year

Dominican Republic
Turkmenistan
1x
Year Economic freedom index
Dominican Republic Turkmenistan
2026 63.8 47
2025 64.3 47.1
2024 62.9 46.3
2023 62.6 46.5
2022 63 46.2
2021 62.1 47.4
2020 60.9 46.5
2019 61 48.4
2018 61.6 47.1
2017 62.9 47.4
2016 61 41.9
2015 61 41.4
2014 61.3 42.2
2013 59.7 42.6
2012 60.2 43.8
2011 60 43.6
2010 60.3 42.5
2009 59.2 44.2
2008 57.7 43.4
2007 56.8 43
2006 56.3 43.8
2005 55.1 47.6
2004 54.6 50.7
2003 57.8 51.3
2002 58.6 43.2
2001 59.1 41.8
2000 59 37.6
1999 58.1 36.1
1998 58.1 35
1997 53.5 -
1996 58.1 -
1995 55.8 -

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

GeoRank.org/economy/dominican-republic/turkmenistan | CC BY

The Economic Freedom Index for the Dominican Republic is 63.8, ranking 77/197, compared to 47 for Turkmenistan, ranking 177/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Dominican Republic Turkmenistan
Services, % of GDP
59.8%
2024
50.4%
2024
Industry, % of GDP
28.7%
2024
37.5%
2024
Agriculture, forestry, and fishing, % of GDP
4.45%
2024
12.2%
2024
GNI, Atlas method
$117B
2024
$48.8B
2024
GNI per capita, PPP
$26,050
2024
$21,020
2024
Total reserves including gold
$13.5B
2024
$1.51B
1999
Total reserves ranking
71/177
2024
135/177
1999
Net foreign direct investment
-$4.52B
2024
n/a
Net inflows of foreign direct investment
$4.48B
2024
$1.64B
2024
Net outflows of foreign direct investment
-$47.3M
2024
$0
2024
Servicing debt to the IMF, % of GNI
5.62%
2024
1.91%
2024
Poverty at national poverty lines
19%
2024
0.2%
2020
Gross capital formation, % of GDP
27%
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/dominican-republic/turkmenistan | CC BY

Compare countries by 7 more topics

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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. International Monetary Fund (IMF) | Public Finances in Modern History (1950–1996, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. LivingCost (2026, retrieved 2025-10-14)
  8. 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.