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Economy of Germany vs Turkmenistan compared: GDP & Debt

Updated on by Georank

Germany has a GDP of $5.05T compared to $49.8B for Turkmenistan, ranking 3/197 and 96/197 by economy size, respectively.

Germany has $3.18T in government debt (62.9% of GDP), compared to $1.87B (3.76% of GDP) in Turkmenistan.

Germany vs Turkmenistan GDP by year

Germany
Turkmenistan
1x
Year GDP, current $
Germany Turkmenistan
2025 $5,050,922,925,047 $49,828,621,356
2024 $4,685,592,577,805 $44,249,447,717
2023 $4,562,207,532,490 $39,020,211,240
2022 $4,201,021,706,479 $37,583,913,148
2021 $4,355,251,953,411 $26,334,182,094
2020 $3,941,398,957,074 $27,350,527,268
2019 $3,959,894,794,039 $29,700,000,000
2018 $4,055,433,215,302 $26,036,313,869
2017 $3,765,351,626,106 $33,352,261,307
2016 $3,536,787,895,179 $33,313,947,368
2015 $3,425,099,578,746 $35,799,714,286
2014 $3,964,870,735,761 $43,524,210,526
2013 $3,807,023,797,051 $39,197,543,860
2012 $3,596,483,233,406 $35,164,210,526
2011 $3,823,575,803,794 $29,233,333,333
2010 $3,467,093,769,667 $22,583,157,895
2009 $3,478,545,516,684 $20,214,385,965
2008 $3,808,197,720,125 $19,271,523,179
2007 $3,484,056,680,855 $12,664,165,103
2006 $3,046,308,753,671 $10,276,674,365
2005 $2,893,393,187,362 $8,103,901,996
2004 $2,852,317,768,062 $6,838,351,088
2003 $2,534,715,518,349 $5,977,440,583
2002 $2,102,350,798,306 $4,462,029,109
2001 $1,966,381,496,642 $3,534,772,732
2000 $1,966,980,701,145 $2,904,663,311
1999 $2,213,873,468,587 $2,450,564,100
1998 $2,247,760,364,566 $2,605,689,134
1997 $2,218,790,886,533 $2,450,350,625
1996 $2,506,576,553,158 $2,378,759,975
1995 $2,593,053,091,306 $2,482,228,440
1994 $2,215,282,632,277 $2,561,118,608
1993 $2,078,954,217,438 $3,179,225,949
1992 $2,141,377,582,968 $3,200,539,816
1991 $1,875,792,575,133 $3,208,098,919
1990 $1,778,162,195,860 $3,189,539,641
1989 $1,404,092,925,205 $3,006,988,217
1988 $1,406,367,016,372 $3,010,982,414
1987 $1,302,932,318,825 $2,331,358,820
1986 $1,050,092,624,516 -
1985 $735,218,723,093 -
1984 $727,767,760,979 -
1983 $773,507,930,295 -
1982 $779,421,633,755 -
1981 $803,404,797,058 -
1980 $953,772,499,462 -
1979 $884,574,218,333 -
1978 $743,182,891,918 -
1977 $602,698,323,086 -
1976 $521,658,712,133 -
1975 $492,434,094,920 -
1974 $446,934,971,657 -
1973 $399,833,571,167 -
1972 $300,899,944,795 -
1971 $250,900,942,397 -
1970 $216,629,229,947 -
1969 $177,733,486,326 -
1968 $156,527,292,653 -
1967 $145,100,667,773 -
1966 $143,304,275,684 -
1965 $134,774,688,191 -
1964 $123,330,404,665 -
1963 $112,232,503,744 -
1962 $105,895,435,234 -
1961 $96,558,204,043 -
1960 $84,619,845,881 -

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

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

GDP per capita in Germany vs Turkmenistan by year

Germany
GDP per capita

GDP per capita, PPP
Turkmenistan
GDP per capita

GDP per capita, PPP
1x
Year Current $
Germany Turkmenistan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $60,496 - $6,540 -
2024 $56,104 $73,552 $5,904 $21,213
2023 $54,777 $71,684 $5,298 $19,829
2022 $50,507 $69,049 $5,198 $18,340
2021 $52,349 $62,531 $3,713 $16,434
2020 $47,395 $58,686 $3,935 $15,091
2019 $47,656 $59,271 $4,365 $15,478
2018 $48,916 $56,273 $3,912 $14,368
2017 $45,554 $54,110 $5,126 $13,278
2016 $42,949 $51,570 $5,238 $12,919
2015 $41,930 $48,545 $5,759 $12,715
2014 $48,960 $47,939 $7,164 $12,477
2013 $47,207 $45,889 $6,600 $11,723
2012 $44,718 $44,229 $6,054 $11,035
2011 $47,631 $43,398 $5,144 $10,283
2010 $42,397 $39,726 $4,059 $8,972
2009 $42,472 $37,574 $3,708 $8,285
2008 $46,379 $38,444 $3,606 $7,916
2007 $42,351 $36,914 $2,415 $6,901
2006 $36,980 $34,741 $1,997 $6,164
2005 $35,084 $32,314 $1,604 $5,489
2004 $34,567 $31,753 $1,379 $4,798
2003 $30,711 $30,301 $1,229 $4,536
2002 $25,487 $29,514 $936 $4,393
2001 $23,878 $28,674 $756 $4,401
2000 $23,926 $27,474 $634 $4,209
1999 $26,965 $26,518 $546 $3,981
1998 $27,396 $25,446 $591 $3,432
1997 $27,047 $24,649 $565 $3,222
1996 $30,600 $24,169 $558 $3,636
1995 $31,747 $23,631 $592 $3,405
1994 $27,202 $22,869 $622 $3,659
1993 $25,617 $21,900 $788 $4,422
1992 $26,560 $21,746 $811 $4,351
1991 $23,443 $21,001 $832 $5,117
1990 $22,386 $19,468 $848 $5,321
1989 $17,829 - $821 -
1988 $17,997 - $846 -
1987 $16,739 - $675 -
1986 $13,511 - - -
1985 $9,464 - - -
1984 $9,347 - - -
1983 $9,900 - - -
1982 $9,950 - - -
1981 $10,246 - - -
1980 $12,183 - - -
1979 $11,322 - - -
1978 $9,517 - - -
1977 $7,711 - - -
1976 $6,659 - - -
1975 $6,259 - - -
1974 $5,660 - - -
1973 $5,065 - - -
1972 $3,824 - - -
1971 $3,204 - - -
1970 $2,771 - - -
1969 $2,281 - - -
1968 $2,025 - - -
1967 $1,886 - - -
1966 $1,871 - - -
1965 $1,774 - - -
1964 $1,637 - - -
1963 $1,502 - - -
1962 $1,431 - - -
1961 $1,316 - - -
1960 $1,162 - - -

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

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

Germany's GDP per capita is $60,496, ranking 18/197, compared to $6,540 in Turkmenistan, ranking 111/197. Adjusted for purchasing power (GDP per capita PPP), Germany ranks 20th at $73,552, while Turkmenistan ranks 94th at $21,213.

Economic indicators

Germany Turkmenistan
Gross domestic product
$5.05T
2025
$49.8B
2025
GDP rank
3/197
2025
96/197
2025
GDP growth
0.24%
2024-2025
6.3%
2024-2025
GDP per capita
$60,496
2025
$6,540
2025
GDP per capita rank
18/197
2025
111/197
2025
GDP per capita, PPP
$73,552
2024
$21,213
2024
GDP per capita PPP rank
20/197
2024
94/197
2024
Government debt
$3.18T
2025
$1.87B
2025
Debt-to-GDP ratio
62.9%
2025
3.76%
2025
Government debt per person
$38,071
2025
$246
2025
Government debt per person rank
21/185
2025
180/185
2025
Average annual personal income after taxes
$40,352
2026
$2,520
2026
Market capitalization of domestic companies
$2.9T
2025
n/a
Number of millionaires
2,648,000
2026
n/a
Number of billionaires
212
2026
n/a
Income share by richest 10%
26.2%
2022
31.5%
1998
Income share by poorest 10%
2.3%
2022
2.4%
1998
Government expenditure, % of GDP
50.5%
2025
14.1%
2025
Consumer prices inflation
2.17%
2024-2025
2.7%
2024-2025
Unemployment rate
3.8%
2025
4%
2010
Population
82830814
7800189

Spending and national debt comparison by year

Germany
Spending

Debt
Turkmenistan
Spending

Debt
1x
Year % of GDP
Germany Turkmenistan
Government spending Government debt Government spending Government debt
2025 50.5% 62.9% 14.1% 3.76%
2024 49.4% 62.2% 14.5% 4.11%
2023 48.1% 62.3% 13.7% 5.46%
2022 48.6% 64.4% 13% 7.14%
2021 50.7% 67.9% 13.4% 12.3%
2020 51.1% 68% 13.5% 15.4%
2019 45.5% 58.7% 13.6% 17.7%
2018 44.7% 60.8% 13.7% 22.5%
2017 44.5% 64% 17.8% 24.7%
2016 44.7% 68.3% 14.1% 21.1%
2015 44.5% 71.2% 17.3% 19%
2014 44.5% 74.5% 17% 16%
2013 45.2% 77.5% 16.9% 20.4%
2012 45.1% 79.8% 14.7% 17.9%
2011 45.3% 78.5% 15.4% 14.8%
2010 48.1% 81% 14.6% 7.04%
2009 48.3% 72.4% 14.4% 3.09%
2008 44.4% 65.2% 11.7% 3.56%
2007 43.5% 63.7% 14.4% 3.06%
2006 45.3% 66.4% 16% 4.23%
2005 46.9% 67.1% 21.1% 6.82%
2004 47% 65% 20.3% 11.4%
2003 48.5% 63.3% 20.8% 16.9%
2002 48.2% 59.8% 19.4% 24.2%
2001 47.7% 58.1% 22.6% 34.1%
2000 48.1% 59.2% 25.9% 55.1%
1999 48.5% 60.3% 20.8% 66.7%
1998 48.3% 59.4% 26.1% 81.6%
1997 48.8% 58.8% 26.9% 64.2%
1996 49.6% 57.7% - -
1995 55.2% 54.9% - -
1994 48.3% 47.5% - -
1993 48.3% 45.1% - -
1992 47.4% 41.4% - -
1991 46.5% 39% - -
1990 44.7% 40.7% - -
1989 44.3% 39.2% - -
1988 45.6% 40.5% - -
1987 46% 40.1% - -
1986 45.7% 39.1% - -
1985 46.6% 39.2% - -
1984 47.2% 38.7% - -
1983 47.9% 38% - -
1982 49.1% 36.4% - -
1981 49% 33.6% - -
1980 48.2% 30.1% - -
1979 47.4% 28.2% - -
1978 47.7% 27.4% - -
1977 49% 26% - -
1976 49.4% 25.1% - -
1975 50.3% 23.7% - -
1974 46% 18.5% - -
1973 42.4% 17.3% - -
1972 41.8% 18% - -
1971 40.9% 17.7% - -
1970 39.5% 17.7% - -
1969 29.7% 20.3% - -
1968 28.5% 22.5% - -
1967 28.8% 22.5% - -
1966 28.3% 19.8% - -
1965 28.4% 18.7% - -
1964 29% 18.2% - -
1963 29.1% 18.1% - -
1962 29.2% 17.6% - -
1961 28.8% 18.7% - -
1960 22.9% 18.4% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1991–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1990, retrieved 2026-07-08).

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

In 2025, Germany's government spending was $2.55T, accounting for 50.5% of its GDP, while Turkmenistan spent $7.05B, or 14.1% of GDP.

Debt-to-GDP ratio is 62.9% in Germany and 3.76% in Turkmenistan, ranking 70/185 and 183/185, respectively.

Government deficit by year

Deficit/surplus
Germany

Turkmenistan
1x
Year Deficit/surplus, % of GDP
Germany Turkmenistan
2025 -2.67% 0.06%
2024 -2.66% -0.08%
2023 -2.49% 0.11%
2022 -1.91% 3.38%
2021 -3.17% 0.57%
2020 -4.38% -0.16%
2019 1.33% -0.4%
2018 1.88% -0.22%
2017 1.34% -2.84%
2016 1.13% -2.38%
2015 0.91% -0.7%
2014 0.73% 0.89%
2013 0.12% 1.53%
2012 -0.05% 7.53%
2011 -0.84% 3.84%
2010 -4.42% 2.13%
2009 -3.18% 7.53%
2008 -0.26% 10.7%
2007 0.15% 4.19%
2006 -1.76% 5.64%
2005 -3.37% 0.86%
2004 -3.42% 1.47%
2003 -3.83% 3.99%
2002 -4.09% 0.19%
2001 -3.12% 0.77%
2000 -1.71% -0.55%
1999 -1.87% 2.48%
1998 -2.65% 1.15%
1997 -3.03% -0.2%
1996 -3.64% -
1995 -9.44% -
1994 -2.54% -
1993 -3.11% -
1992 -2.63% -
1991 -3.21% -
1990 -1.94% -
1989 0.08% -
1988 -2.02% -
1987 -1.85% -
1986 -1.18% -
1985 -1.18% -
1984 -2.04% -
1983 -2.95% -
1982 -3.56% -
1981 -4.03% -
1980 -3.02% -
1979 -2.71% -
1978 -2.62% -
1977 -2.56% -
1976 -3.5% -
1975 -5.78% -
1974 -1.69% -
1973 1.14% -
1972 -0.37% -
1971 0.16% -
1970 0.53% -
1969 -0.43% -
1968 1.39% -
1967 2.73% -
1966 1.76% -
1965 2.26% -
1964 1.49% -
1963 1.43% -
1962 0.49% -
1961 -0.12% -
1960 -0.34% -
1959 0.77% -
1958 1.77% -
1957 1.99% -
1956 0.59% -
1955 -1.41% -
1954 -0.37% -
1953 -0.13% -
1952 0% -
1951 1.15% -
1950 1.81% -
1949 - -
1948 - -
1947 - -
1946 - -
1945 - -
1944 - -
1943 - -
1942 - -
1941 - -
1940 - -
1939 - -
1938 - -
1937 - -
1936 - -
1935 - -
1934 -0.64% -
1933 -0.43% -
1932 -1.11% -
1931 -1.03% -
1930 -1.52% -
1929 -0.9% -
1928 -1.47% -
1927 -0.44% -
1926 -1.3% -
1925 0.34% -
1924 - -
1923 - -
1922 - -
1921 - -
1920 - -
1919 - -
1918 - -
1917 - -
1916 - -
1915 - -
1914 - -
1913 0.007% -
1912 -0.26% -
1911 0.06% -
1910 -0.21% -
1909 0.11% -
1908 -0.11% -
1907 -0.14% -
1906 0.76% -
1905 1.21% -
1904 0.41% -
1903 0.88% -
1902 0.08% -
1901 0.91% -
1900 0.27% -
1899 0.6% -
1898 0.47% -
1897 0.39% -
1896 0.63% -
1895 0.47% -
1894 0.44% -
1893 0.42% -
1892 -0.24% -
1891 1.18% -
1890 0.12% -
1889 1.16% -
1888 0.62% -
1887 0.88% -
1886 0.23% -
1885 0.21% -
1884 0.23% -
1883 0.55% -
1882 0.41% -
1881 0.12% -
1880 -0.13% -

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1880–1990, retrieved 2026-07-08); International Monetary Fund (IMF) | Fiscal Monitor (1991–2025, retrieved 2026-07-08).

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

In 2025, Germany's government deficit, the difference between spending and revenue, was $135B, equivalent to 2.67% of GDP. This compares to Turkmenistan's surplus of $31.4M, or 0.06% of GDP.

Over the past 29 years, Germany recorded a fiscal deficit in 21 of those years, while Turkmenistan ran a deficit in 9 years. On average, Germany posted an annual deficit equal to 1.63% of GDP, compared to surplus of 1.78% of GDP for Turkmenistan.

Inflation comparison by year

Inflation
Germany

Turkmenistan
1x
Year Consumer prices inflation
Germany Turkmenistan
2025 2.17% 2.7%
2024 2.26% 4.6%
2023 5.95% -1.6%
2022 6.87% 11.2%
2021 3.07% 19.5%
2020 0.14% 6.1%
2019 1.45% 5.1%
2018 1.73% 13.3%
2017 1.51% 8%
2016 0.49% 3.6%
2015 0.51% 7.4%
2014 0.91% 6%
2013 1.5% 6.8%
2012 2.01% 5.3%
2011 2.08% 5.3%
2010 1.1% 4.4%
2009 0.31% -2.7%
2008 2.63% 14.5%
2007 2.3% 6.3%
2006 1.58% 8.2%
2005 1.55% 10.7%
2004 1.67% 5.9%
2003 1.03% 5.6%
2002 1.42% 8.8%
2001 1.98% 11.6%
2000 1.44% 8%
1999 0.59% 23.5%
1998 0.91% 16.8%
1997 1.94% 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/germany/turkmenistan | CC BY

Over the past 29 years, Germany has recorded an average annual inflation rate of 1.83%, compared with 10.6% in Turkmenistan. In 2025, inflation was 2.17% in Germany and 2.7% in Turkmenistan.

Top exports between countries

Germany
Export category Export value
Machinery & equipment $219M
Chemicals & pharma $34.3M
Raw materials & minerals $24.9M
Textiles & consumer goods $13.1M
Wood & paper products $9.88M
Processed food, beverages & tobacco $9.05M
Metals $6.01M
Animal & marine products $1.43M
Miscellaneous $1.39M
Raw agricultural goods $1.05M
Turkmenistan
Export category Export value
Raw materials & minerals $3.22M
Raw agricultural goods $507K
Wood & paper products $488K
Miscellaneous $475K
Chemicals & pharma $280K
Textiles & consumer goods $210K
Machinery & equipment $130K
Metals $1K

Balance of trade

Germany Turkmenistan
Current account balance
$228B
2025
n/a
Current account balance ranking
2/190
2025
n/a
Current account balance, % of GDP
+4.51%
2025
n/a
Goods imports
$1.32T
2025
n/a
Goods exports
$1.53T
2025
n/a
Service imports
$602B
2025
n/a
Service exports
$518B
2025
n/a
Imports of goods and services, % of GDP
38.1%
2025
13.7%
2025
Exports of goods and services, % of GDP
40.4%
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.

Germany Turkmenistan
Economic freedom 71.7 47
Economic freedom ranking 30/197 177/197
Property rights 95.5 17.4
Government integrity 84.5 8.4
Judicial effectiveness 94.6 12.3
Tax burden 60.5 94.2
Government spending 28.8 94.3
Fiscal health 83.1 99.9
Business freedom 79.8 37.5
Labor freedom 52.2 29.3
Monetary freedom 72.5 76.7
Trade freedom 79.4 74.2
Investment freedom 60 10
Financial freedom 70 10

Economic freedom comparison by year

Germany
Turkmenistan
1x
Year Economic freedom index
Germany Turkmenistan
2026 71.7 47
2025 71.6 47.1
2024 72.1 46.3
2023 73.7 46.5
2022 76.1 46.2
2021 72.5 47.4
2020 73.5 46.5
2019 73.5 48.4
2018 74.2 47.1
2017 73.8 47.4
2016 74.4 41.9
2015 73.8 41.4
2014 73.4 42.2
2013 72.8 42.6
2012 71 43.8
2011 71.8 43.6
2010 71.1 42.5
2009 70.5 44.2
2008 70.6 43.4
2007 70.8 43
2006 70.8 43.8
2005 68.1 47.6
2004 69.5 50.7
2003 69.7 51.3
2002 70.4 43.2
2001 69.5 41.8
2000 65.7 37.6
1999 65.6 36.1
1998 64.3 35
1997 67.5 -
1996 69.1 -
1995 69.8 -

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

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

The Economic Freedom Index for Germany is 71.7, ranking 30/197, compared to 47 for Turkmenistan, ranking 177/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Germany Turkmenistan
Services, % of GDP
64.5%
2025
48.9%
2025
Industry, % of GDP
25.2%
2025
36%
2025
Agriculture, forestry, and fishing, % of GDP
0.87%
2025
12.4%
2025
GNI, Atlas method
$5.03T
2025
$48.3B
2025
GNI per capita, PPP
$78,140
2025
$22,830
2025
Total reserves including gold
$572B
2025
$1.51B
1999
Total reserves ranking
7/177
2025
135/177
1999
Net foreign direct investment
$12.9B
2025
n/a
Net inflows of foreign direct investment
$62.6B
2024
$1.64B
2024
Net outflows of foreign direct investment
$87B
2024
$0
2024
Servicing debt to the IMF, % of GNI n/a
2.22%
2024
Poverty at national poverty lines
14.8%
2021
0.2%
2020
Gross capital formation, % of GDP
21.9%
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/germany/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 (1991–2025, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1880–1990, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, 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)

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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.