Georgia vs Turkmenistan: Economic Indicators Comparison

Turkmenistan with a GDP of $40.8B ranked the 93rd largest economy in the world, while Georgia ranked 119th with $17.6B. By GDP 5-years average growth and GDP per capita, Turkmenistan and Georgia ranked 9th vs 54th and 92nd vs 111th, respectively.

Gross Domestic Product & Income

StatGeorgiaTurkmenistan
GDP$17.6B$40.8B
GDP growth, 1 year4.7%6.2%
GDP growth, 5-years average4%7.1%
Population3.7M5.9M
GDP per capita$4.7k$7k
GDP per capita growth4.72%4.51%
Purchasing Power Parity conversion factor11.26
Price level ratio of PPP conversion factor GDP to market exchange rate0.390.36
GDP per capita, PPP adjusted$11k$20k
GNI, Atlas method$16.6B$39.4B
GNI per capita$4.4k$6.7k
GNI, PPP adjusted$42.9B$108.2B
GNI per capita, PPP adjusted$12k$18k

Financial system and Human development

StatGeorgiaTurkmenistan
Income Tax Rate20%10%
Corporate Tax Rate15%8%
Inflation, consumer prices2.6%13.6%
Inflation, GDP deflator4.4%1.2%
Unemployment14.1%3.8%
Economic Freedom Index77.146.5
Personal Freedom Index7.44.1
Human Freedom Index7.484.1
Property Rights Index68.620.1
Judical Effectiveness Index57.920
Business Freedom Index85.330
Fiscal Health Index94.494.5
Labor Freedom Index76.320
Investment Freedom Index8010
Financial Freedom Index7010
Trade Freedom Index88.674.2
Monetary Freedom Index78.368.7
Government Spending Index73.693.1
Tax Burden Index87.195.9
Government Integrity Index64.821.4
Corruption Perceptions Index5820
Life expectancy at birth, years73.468
Suicide mortality rate, per 100,000 people8.26.7
Mortality caused by road traffic injury, per 100,000 people15.314.5
Intentional homicides, per 100,000 people14.2
International tourism, number of arrivals4.8M8.2k

Government debt & reserves

StatGeorgiaTurkmenistan
Central government debt, % of GDP44.5%29.3%
External debt stocks, % of GNI110.6%2.3%
External debt stocks$17.1B$907.3M
Short-term debt, % of total reserves81.1%20.6%
Total debt service, % of exports and primary income23.7%22.1%
Adjusted net savings including particulate emission damage, % of GNI12.5%N/A
Gross savings, % of GDP21%N/A
Gross capital formation, % of GDP28.1%47.2%
Total reserves including gold$3.3B$1.5B
Foreign direct investment net inflows$1.2B$2B

Exports, imports and economic structure

StatGeorgiaTurkmenistan
Exports of goods and services, % of GDP50.6%22.7%
Imports of goods and services, % of GDP61.2%12.5%
Current account balance (balance of payments)-$1.2BN/A
Revenue excluding grants, % of GDP23%N/A
Grants excluding technical cooperation, BoP$314.1M$14.5M
Personal remittances received$2B$1.6M
Industry including construction value added, % of GDP19.9%57%
Agriculture, forestry and fishing value added, % of GDP6.8%9.3%
Charges for the use of intellectual property, payments BoP$27.1MN/A
Charges for the use of intellectual property, receipts BoP$270kN/A
Expense, % of GDP21.4%N/A
Government Expenditure, % of GDP29.6%15.1%

Compare with countries close by GDP per capita

Georgia vs

CountryGDP
per capita
Population
Ecuador
$6.3k
16.6M
Belarus
$6.3k
9.41M
Fiji
$6.3k
906k
Suriname
$6.2k
563k
North Macedonia
$6.1k
2.08M
Bosnia and Herzegovina
$6.1k
3.51M
Namibia
$5.9k
2.53M
Iraq
$5.8k
38.3M
Paraguay
$5.8k
6.81M
Iran
$5.6k
80M
Jamaica
$5.4k
2.89M
Albania
$5.3k
3.02M
Guyana
$5k
778k
Belize
$4.9k
375k
Azerbaijan
$4.7k
10M
Guatemala
$4.5k
17.3M
Tonga
$4.4k
108k
Jordan
$4.2k
10.4M
Armenia
$4.2k
2.93M
Samoa
$4.2k
196k
Eswatini
$4.1k
1.37M
Mongolia
$4.1k
3.08M
Algeria
$4.1k
41.3M
Sri Lanka
$4.1k
21.4M
El Salvador
$4.1k
6.42M
Indonesia
$3.9k
264M
Marshall Islands
$3.8k
53.1k
Tuvalu
$3.7k
11.2k
Cape Verde
$3.6k
546k
Bolivia
$3.5k
11.1M

Turkmenistan vs

CountryGDP
per capita
Population
Mexico
$9.7k
131M
Turkey
$9.4k
82M
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
Peru
$6.9k
29.4M
Colombia
$6.7k
49.1M
South Africa
$6.4k
57.7M
Ecuador
$6.3k
16.6M
Belarus
$6.3k
9.41M
Fiji
$6.3k
906k
Suriname
$6.2k
563k
North Macedonia
$6.1k
2.08M
Bosnia and Herzegovina
$6.1k
3.51M
Namibia
$5.9k
2.53M
Iraq
$5.8k
38.3M
Paraguay
$5.8k
6.81M
Iran
$5.6k
80M
Jamaica
$5.4k
2.89M
Albania
$5.3k
3.02M