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Economy of Ethiopia vs Turkmenistan compared: GDP & Debt

Updated on by Georank

Ethiopia has a GDP of $126B compared to $49.8B for Turkmenistan, ranking 66/197 and 96/197 by economy size, respectively.

Ethiopia has $54.4B in government debt (43.1% of GDP), compared to $1.87B (3.76% of GDP) in Turkmenistan.

Ethiopia vs Turkmenistan GDP by year

Ethiopia
Turkmenistan
1x
Year GDP, current $
Ethiopia Turkmenistan
2025 $126,358,758,448 $49,828,621,356
2024 $149,740,297,952 $44,249,447,717
2023 $135,874,093,203 $39,020,211,240
2022 $123,140,304,665 $37,583,913,148
2021 $109,070,960,371 $26,334,182,094
2020 $98,676,811,062 $27,350,527,268
2019 $91,834,517,114 $29,700,000,000
2018 $83,337,901,072 $26,036,313,869
2017 $76,366,081,767 $33,352,261,307
2016 $68,475,871,210 $33,313,947,368
2015 $62,103,418,182 $35,799,714,286
2014 $55,612,228,234 $43,524,210,526
2013 $47,648,276,605 $39,197,543,860
2012 $43,310,721,414 $35,164,210,526
2011 $31,952,763,089 $29,233,333,333
2010 $29,933,790,334 $22,583,157,895
2009 $32,437,389,116 $20,214,385,965
2008 $27,066,912,635 $19,271,523,179
2007 $19,707,616,773 $12,664,165,103
2006 $15,280,861,835 $10,276,674,365
2005 $12,401,139,454 $8,103,901,996
2004 $10,131,187,261 $6,838,351,088
2003 $8,623,691,300 $5,977,440,583
2002 $7,850,809,498 $4,462,029,109
2001 $8,231,326,016 $3,534,772,732
2000 $8,242,349,618 $2,904,663,311
1999 $7,892,973,532 $2,450,564,100
1998 $8,013,274,132 $2,605,689,134
1997 $8,803,539,988 $2,450,350,625
1996 $8,761,215,548 $2,378,759,975
1995 $7,855,205,207 $2,482,228,440
1994 $7,100,806,754 $2,561,118,608
1993 $9,051,043,870 $3,179,225,949
1992 $10,754,799,037 $3,200,539,816
1991 $13,799,799,324 $3,208,098,919
1990 $12,478,943,895 $3,189,539,641
1989 $11,762,932,007 $3,006,988,217
1988 $11,181,119,718 $3,010,982,414
1987 $10,790,001,558 $2,331,358,820
1986 $10,094,328,898 -
1985 $9,717,392,687 -
1984 $8,298,309,581 -
1983 $8,781,664,427 -
1982 $7,899,988,841 -
1981 $7,507,663,567 -
1980 $7,012,585,454 -
1979 $6,586,048,398 -
1978 $6,014,961,435 -
1977 $5,651,840,585 -
1976 $4,943,806,093 -
1975 $4,577,047,854 -
1974 $4,577,209,966 -
1973 $4,070,570,550 -
1972 $3,520,252,938 -
1971 $3,224,280,835 -
1970 $3,045,354,455 -
1969 $2,768,987,372 -
1968 $2,619,948,865 -
1967 $2,461,762,003 -
1966 $2,324,466,416 -
1965 $2,159,998,591 -
1964 $1,984,129,186 -
1963 $1,825,058,828 -
1962 $1,747,566,307 -
1961 $1,680,859,514 -
1960 $1,610,511,694 -

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

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

GDP per capita in Ethiopia vs Turkmenistan by year

Ethiopia
GDP per capita

GDP per capita, PPP
Turkmenistan
GDP per capita

GDP per capita, PPP
1x
Year Current $
Ethiopia Turkmenistan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $933 - $6,540 -
2024 $1,134 $3,288 $5,904 $21,213
2023 $1,056 $3,061 $5,298 $19,829
2022 $982 $2,845 $5,198 $18,340
2021 $893 $2,588 $3,713 $16,434
2020 $830 $2,407 $3,935 $15,091
2019 $793 $2,242 $4,365 $15,478
2018 $740 $2,095 $3,912 $14,368
2017 $696 $2,005 $5,126 $13,278
2016 $642 $1,858 $5,238 $12,919
2015 $598 $1,633 $5,759 $12,715
2014 $550 $1,485 $7,164 $12,477
2013 $484 $1,253 $6,600 $11,723
2012 $452 $1,179 $6,054 $11,035
2011 $343 $1,098 $5,144 $10,283
2010 $331 $996 $4,059 $8,972
2009 $369 $899 $3,708 $8,285
2008 $316 $845 $3,606 $7,916
2007 $237.1 $770 $2,415 $6,901
2006 $189.3 $693 $1,997 $6,164
2005 $158.2 $625 $1,604 $5,489
2004 $133.2 $558 $1,379 $4,798
2003 $116.8 $493 $1,229 $4,536
2002 $109.6 $509 $936 $4,393
2001 $118.5 $509 $756 $4,401
2000 $122.3 $474 $634 $4,209
1999 $120.7 $450 $546 $3,981
1998 $126.5 $436 $591 $3,432
1997 $143.4 $461 $565 $3,222
1996 $147.3 $453 $558 $3,636
1995 $136.5 $409 $592 $3,405
1994 $127.7 $391 $622 $3,659
1993 $168.5 $384 $788 $4,422
1992 $207.4 $343 $811 $4,351
1991 $277.6 $383 $832 $5,117
1990 $262.1 $417 $848 $5,321
1989 $256.4 - $821 -
1988 $253.2 - $846 -
1987 $254.1 - $675 -
1986 $246 - - -
1985 $243.9 - - -
1984 $214.2 - - -
1983 $232.7 - - -
1982 $215.3 - - -
1981 $212.7 - - -
1980 $203.7 - - -
1979 $192.4 - - -
1978 $178.3 - - -
1977 $170.4 - - -
1976 $152 - - -
1975 $144.3 - - -
1974 $147.9 - - -
1973 $134.9 - - -
1972 $119.8 - - -
1971 $112.7 - - -
1970 $109.4 - - -
1969 $102.3 - - -
1968 $99.5 - - -
1967 $96.1 - - -
1966 $93.2 - - -
1965 $88.9 - - -
1964 $83.8 - - -
1963 $79.2 - - -
1962 $77.8 - - -
1961 $76.7 - - -
1960 $75.3 - - -

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

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

Ethiopia's GDP per capita is $933, ranking 182/197, compared to $6,540 in Turkmenistan, ranking 111/197. Adjusted for purchasing power (GDP per capita PPP), Ethiopia ranks 175th at $3,288, while Turkmenistan ranks 94th at $21,213.

Economic indicators

Ethiopia Turkmenistan
Gross domestic product
$126B
2025
$49.8B
2025
GDP rank
66/197
2025
96/197
2025
GDP growth
9.77%
2024-2025
6.3%
2024-2025
GDP per capita
$933
2025
$6,540
2025
GDP per capita rank
182/197
2025
111/197
2025
GDP per capita, PPP
$3,288
2024
$21,213
2024
GDP per capita PPP rank
175/197
2024
94/197
2024
Government debt
$54.4B
2025
$1.87B
2025
Debt-to-GDP ratio
43.1%
2025
3.76%
2025
Government debt per person
$402
2025
$246
2025
Government debt per person rank
172/185
2025
180/185
2025
Average annual personal income after taxes
$2,030
2026
$2,520
2026
Income share by richest 10%
24.8%
2021
31.5%
1998
Income share by poorest 10%
3.5%
2021
2.4%
1998
Government expenditure, % of GDP
12%
2025
14.1%
2025
Consumer prices inflation
13.2%
2024-2025
2.7%
2024-2025
Unemployment rate
3.94%
2021
4%
2010
Population
140722974
7800189

Spending and national debt comparison by year

Ethiopia
Spending

Debt
Turkmenistan
Spending

Debt
1x
Year % of GDP
Ethiopia Turkmenistan
Government spending Government debt Government spending Government debt
2025 12% 43.1% 14.1% 3.76%
2024 9.54% 33.4% 14.5% 4.11%
2023 10.8% 38.7% 13.7% 5.46%
2022 12.7% 46.9% 13% 7.14%
2021 13.8% 53.8% 13.4% 12.3%
2020 14.5% 53.2% 13.5% 15.4%
2019 15.4% 54.7% 13.6% 17.7%
2018 16.1% 58.4% 13.7% 22.5%
2017 18% 55.3% 17.8% 24.7%
2016 17.9% 51.8% 14.1% 21.1%
2015 17.3% 50.7% 17.3% 19%
2014 17.5% 44.2% 17% 16%
2013 17.8% 44.1% 16.9% 20.4%
2012 16.6% 39.4% 14.7% 17.9%
2011 18.2% 44.6% 15.4% 14.8%
2010 18.5% 39.4% 14.6% 7.04%
2009 17.1% 30% 14.4% 3.09%
2008 18.8% 56.1% 11.7% 3.56%
2007 20.5% 55.7% 14.4% 3.06%
2006 22.1% 79.6% 16% 4.23%
2005 22.9% 78.2% 21.1% 6.82%
2004 23.1% 103.1% 20.3% 11.4%
2003 27% 103.7% 20.8% 16.9%
2002 24.9% 107.4% 19.4% 24.2%
2001 22.4% 97.3% 22.6% 34.1%
2000 25.6% 93.6% 25.9% 55.1%
1999 26.8% 97.8% 20.8% 66.7%
1998 21.1% 89.3% 26.1% 81.6%
1997 17.9% 80.3% 26.9% 64.2%
1996 18.8% 132.8% - -
1995 17.4% 146.6% - -
1994 17.6% 155.2% - -
1993 13.8% 141% - -
1992 14.2% 87.9% - -
1991 17.3% 89.3% - -
1990 20.9% 91.6% - -
1989 24% 84.7% - -
1988 21.6% 84.3% - -
1987 18.4% 82.3% - -
1986 19.8% 75.7% - -
1985 19.7% 67.7% - -
1984 18.8% 65.4% - -
1983 21.3% 55.2% - -
1982 16.4% 48.8% - -
1981 14.2% 30.6% - -
1980 13.5% 18.5% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1980–1991, retrieved 2026-07-08).

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

In 2025, Ethiopia's government spending was $15.2B, accounting for 12% of its GDP, while Turkmenistan spent $7.05B, or 14.1% of GDP.

Debt-to-GDP ratio is 43.1% in Ethiopia and 3.76% in Turkmenistan, ranking 122/185 and 183/185, respectively.

Government deficit by year

Deficit/surplus
Ethiopia

Turkmenistan
1x
Year Deficit/surplus, % of GDP
Ethiopia Turkmenistan
2025 -1.19% 0.06%
2024 -1.99% -0.08%
2023 -2.6% 0.11%
2022 -4.16% 3.38%
2021 -2.77% 0.57%
2020 -2.76% -0.16%
2019 -2.53% -0.4%
2018 -3.03% -0.22%
2017 -3.24% -2.84%
2016 -2.3% -2.38%
2015 -1.95% -0.7%
2014 -2.58% 0.89%
2013 -1.93% 1.53%
2012 -1.17% 7.53%
2011 -1.61% 3.84%
2010 -1.32% 2.13%
2009 -0.93% 7.53%
2008 -2.88% 10.7%
2007 -3.57% 4.19%
2006 -3.79% 5.64%
2005 -4.12% 0.86%
2004 -2.65% 1.47%
2003 -5.59% 3.99%
2002 -5.76% 0.19%
2001 -3.76% 0.77%
2000 -8.88% -0.55%
1999 -8.54% 2.48%
1998 -3.65% 1.15%
1997 -1.76% -0.2%
1996 -3.93% -
1995 -2.76% -
1994 -5.39% -
1993 -4.12% -
1992 -4.92% -
1991 -6% -
1990 -6.86% -
1989 -4.33% -
1988 -3.48% -
1987 -3.54% -
1986 -3.98% -
1985 -4.71% -
1984 -3.69% -
1983 -7.59% -
1982 -3.6% -
1981 -2.19% -
1980 -2.56% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1980–1989, retrieved 2026-07-08).

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

In 2025, Ethiopia's government deficit, the difference between spending and revenue, was $1.5B, equivalent to 1.19% of GDP. This compares to Turkmenistan's surplus of $31.4M, or 0.06% of GDP.

Over the past 29 years, Ethiopia recorded a fiscal deficit in 29 of those years, while Turkmenistan ran a deficit in 9 years. On average, Ethiopia posted an annual deficit equal to 3.21% of GDP, compared to surplus of 1.78% of GDP for Turkmenistan.

Inflation comparison by year

Inflation
Ethiopia

Turkmenistan
1x
Year Consumer prices inflation
Ethiopia Turkmenistan
2025 13.2% 2.7%
2024 21% 4.6%
2023 30.2% -1.6%
2022 33.9% 11.2%
2021 26.8% 19.5%
2020 20.4% 6.1%
2019 15.8% 5.1%
2018 13.8% 13.3%
2017 10.7% 8%
2016 6.63% 3.6%
2015 9.57% 7.4%
2014 6.89% 6%
2013 7.46% 6.8%
2012 23.6% 5.3%
2011 33.2% 5.3%
2010 8.15% 4.4%
2009 8.48% -2.7%
2008 44.4% 14.5%
2007 17.2% 6.3%
2006 12.3% 8.2%
2005 9.97% 10.7%
2004 3.33% 5.9%
2003 13.7% 5.6%
2002 0.68% 8.8%
2001 -8.24% 11.6%
2000 0.66% 8%
1999 7.94% 23.5%
1998 0.89% 16.8%
1997 2.4% 83.7%

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

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

Over the past 29 years, Ethiopia has recorded an average annual inflation rate of 13.6%, compared with 10.6% in Turkmenistan. In 2025, inflation was 13.2% in Ethiopia and 2.7% in Turkmenistan.

Balance of trade

Ethiopia Turkmenistan
Current account balance
-$3.79B
2024
n/a
Current account balance ranking
154/190
2024
n/a
Current account balance, % of GDP
-2.53%
2024
n/a
Goods imports
$19.6B
2024
n/a
Goods exports
$5.58B
2024
n/a
Service imports
$5.51B
2024
n/a
Service exports
$7.61B
2024
n/a
Imports of goods and services, % of GDP
20.2%
2025
13.7%
2025
Exports of goods and services, % of GDP
13.3%
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.

Ethiopia Turkmenistan
Economic freedom 48.1 47
Economic freedom ranking 171/197 177/197
Property rights 22.1 17.4
Government integrity 33.2 8.4
Judicial effectiveness 19.1 12.3
Tax burden 78.6 94.2
Government spending 96.4 94.3
Fiscal health 84.3 99.9
Business freedom 44.5 37.5
Labor freedom 37.8 29.3
Monetary freedom 53.7 76.7
Trade freedom 57.4 74.2
Investment freedom 30 10
Financial freedom 20 10

Economic freedom comparison by year

Ethiopia
Turkmenistan
1x
Year Economic freedom index
Ethiopia Turkmenistan
2026 48.1 47
2025 48.1 47.1
2024 47.9 46.3
2023 48.3 46.5
2022 49.6 46.2
2021 51.7 47.4
2020 53.6 46.5
2019 53.6 48.4
2018 52.8 47.1
2017 52.7 47.4
2016 51.5 41.9
2015 51.5 41.4
2014 50 42.2
2013 49.4 42.6
2012 52 43.8
2011 50.5 43.6
2010 51.2 42.5
2009 53 44.2
2008 52.5 43.4
2007 53.6 43
2006 50.9 43.8
2005 51.1 47.6
2004 54.5 50.7
2003 48.8 51.3
2002 49.8 43.2
2001 48.9 41.8
2000 50.2 37.6
1999 46.7 36.1
1998 49.2 35
1997 48.1 -
1996 45.9 -
1995 42.6 -

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

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

The Economic Freedom Index for Ethiopia is 48.1, ranking 171/197, compared to 47 for Turkmenistan, ranking 177/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Ethiopia Turkmenistan
Services, % of GDP
36.6%
2025
48.9%
2025
Industry, % of GDP
27.8%
2025
36%
2025
Agriculture, forestry, and fishing, % of GDP
32.8%
2025
12.4%
2025
GNI, Atlas method
$151B
2025
$48.3B
2025
GNI per capita, PPP
$3,620
2025
$22,830
2025
Total reserves including gold
$3.78B
2024
$1.51B
1999
Total reserves ranking
113/177
2024
135/177
1999
Net foreign direct investment
-$4.02B
2024
n/a
Net inflows of foreign direct investment
$4.02B
2024
$1.64B
2024
Net outflows of foreign direct investment
$0
2024
$0
2024
Servicing debt to the IMF, % of GNI
0.91%
2024
2.22%
2024
Poverty at national poverty lines
33.1%
2021
0.2%
2020
Gross capital formation, % of GDP
20.1%
2025
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/ethiopia/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. International Monetary Fund (IMF) | Public Finances in Modern History (1980–1991, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  7. LivingCost (2026, retrieved 2026-07-08)
  8. 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.