Eritrea vs Turkey: Economic Indicators Comparison

Turkey with a GDP of $771.4B ranked the 19th largest economy in the world, while Eritrea ranked 170th with $2.6B. By GDP 5-years average growth and GDP per capita, Turkey and Eritrea ranked 36th vs 79th and 78th vs 178th, respectively.

Gross Domestic Product & Income

StatEritreaTurkey
GDP$2.6B$771.4B
GDP growth, 1 year4.2%2.6%
GDP growth, 5-years average3.3%4.9%
Population3.5M82M
GDP per capita$811$9.4k
GDP per capita growth7.21%1.31%
Purchasing Power Parity conversion factor5.931.61
Price level ratio of PPP conversion factor GDP to market exchange rate0.390.33
GDP per capita, PPP adjusted$1.7k$28k
GNI, Atlas method$2.3B$858.1B
GNI per capita$720$10k
GNI, PPP adjusted$6.7B$2.3T
GNI per capita, PPP adjusted$2.1k$28k

Financial system and Human development

StatEritreaTurkey
Income Tax Rate30%35%
Corporate Tax Rate30%22%
Inflation, consumer prices9%16.3%
Inflation, GDP deflator13.3%16.4%
Unemployment6.5%10.9%
Economic Freedom Index38.564.4
Personal Freedom Index4.86.97
Human Freedom Index4.86.96
Property Rights Index32.557.4
Judical Effectiveness Index14.353.7
Business Freedom Index18.267
Fiscal Health Index086.1
Labor Freedom Index69.749.2
Investment Freedom Index070
Financial Freedom Index2060
Trade Freedom Index69.278
Monetary Freedom Index6166.1
Government Spending Index74.764.1
Tax Burden Index81.476.7
Government Integrity Index21.444.6
Corruption Perceptions Index2441
Life expectancy at birth, years65.577.2
Suicide mortality rate, per 100,000 people7.97.3
Mortality caused by road traffic injury, per 100,000 people25.312.3
Intentional homicides, per 100,000 people84.3
International tourism, number of arrivals142k45.8M

Government debt & reserves

StatEritreaTurkey
Central government debt, % of GDP129.4%29.1%
External debt stocks, % of GNI40.8%59%
External debt stocks$791.2M$445.1B
Short-term debt, % of total reserves16%124.1%
Total debt service, % of exports and primary income4.3%36.7%
Adjusted net savings including particulate emission damage, % of GNI0.5%11.4%
Gross savings, % of GDP15.8%27.1%
Gross capital formation, % of GDP10%29.6%
Total reserves including gold$114.8M$93B
Foreign direct investment net inflows$61M$13.1B

Exports, imports and economic structure

StatEritreaTurkey
Exports of goods and services, % of GDP14.4%29.5%
Imports of goods and services, % of GDP23.2%30.6%
Current account balance (balance of payments)-$104.7M-$27B
Revenue excluding grants, % of GDPN/A30.7%
Grants excluding technical cooperation, BoP$82M$1.3B
Personal remittances received$3.3M$1.1B
Industry including construction value added, % of GDP21.8%29.5%
Agriculture, forestry and fishing value added, % of GDP14.1%5.8%
Charges for the use of intellectual property, payments BoP$281k$726M
Charges for the use of intellectual property, receipts BoP$94k$29M
Expense, % of GDPN/A33.9%
Government Expenditure, % of GDP29.1%34.6%

Compare with countries close by GDP per capita

Eritrea vs

CountryGDP
per capita
Population
Comoros
$1.4k
824k
Myanmar
$1.3k
53.4M
Lesotho
$1.3k
2.23M
Kyrgyzstan
$1.3k
6.2M
Mauritania
$1.2k
4.42M
South Sudan
$1.1k
12.6M
Tanzania
$1.1k
57.3M
Nepal
$1k
29.4M
Sudan
$977
40.5M
Yemen
$944
28.3M
Benin
$902
11.2M
Mali
$900
18.5M
Guinea
$879
12.7M
Haiti
$868
11M
Tajikistan
$827
8.92M
Guinea-Bissau
$778
1.86M
Rwanda
$773
12.2M
Ethiopia
$772
105M
Chad
$728
15.5M
Gambia
$716
2.1M
Burkina Faso
$715
19.2M
Togo
$679
7.8M
Liberia
$677
4.73M
Uganda
$643
42.9M
DR Congo
$562
86.8M
Sierra Leone
$534
7.56M
Madagascar
$528
25.6M
Afghanistan
$521
34.9M
Mozambique
$499
29.7M
Central African Republic
$476
4.66M

Turkey vs

CountryGDP
per capita
Population
Croatia
$15k
4.11M
Romania
$12k
19.6M
Costa Rica
$12k
4.91M
Argentina
$12k
44.9M
Malaysia
$11k
31.6M
Russia
$11k
147M
Mauritius
$11k
1.26M
Grenada
$11k
108k
Saint Lucia
$11k
179k
Maldives
$10k
436k
Equatorial Guinea
$10k
1.27M
Nauru
$9.9k
13.7k
Kazakhstan
$9.8k
18.3M
China
$9.8k
1.41B
Mexico
$9.7k
131M
Bulgaria
$9.3k
7M
Brazil
$8.9k
210M
Montenegro
$8.8k
622k
Cuba
$8.8k
11.5M
Lebanon
$8.3k
6.1M
Botswana
$8.3k
2.29M
Dominican Republic
$8.1k
10.4M
Gabon
$8k
2.03M
Dominica
$7.7k
73.9k
Saint Vincent
$7.4k
110k
Thailand
$7.3k
65.9M
Serbia
$7.2k
7.02M
Libya
$7.2k
6.68M
Turkmenistan
$7k
5.85M
Peru
$6.9k
29.4M