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Economy of Haiti vs Turkmenistan compared: GDP & Debt

Updated on by Georank team

Haiti has a GDP of $25.2B compared to $51.4B for Turkmenistan, ranking 117/197 and 92/197 by economy size, respectively.

Haiti has $3.91B in government debt (15.5% of GDP), compared to $2.11B (4.11% of GDP) in Turkmenistan.

Haiti vs Turkmenistan GDP by year

Haiti
Turkmenistan
1x
Year GDP, current $
Haiti Turkmenistan
2024 $25,224,154,991 $51,387,209,872
2023 $19,850,585,722 $45,894,538,666
2022 $20,253,551,921 $42,208,726,138
2021 $20,944,387,976 $40,589,905,812
2020 $14,508,222,518 $41,509,903,182
2019 $15,016,090,930 $40,810,067,975
2018 $16,403,864,618 $40,765,428,571
2017 $15,093,357,161 $37,926,285,714
2016 $14,069,277,526 $36,169,428,571
2015 $14,849,629,309 $35,799,714,286
2014 $15,146,883,498 $43,524,210,526
2013 $14,902,488,604 $39,197,543,860
2012 $13,708,925,477 $35,164,210,526
2011 $13,008,746,039 $29,233,333,333
2010 $11,859,312,725 $22,583,157,895
2009 $11,597,002,835 $20,214,385,965
2008 $10,432,962,635 $19,271,523,179
2007 $9,228,637,768 $12,664,165,103
2006 $7,638,739,123 $10,276,674,365
2005 $7,030,149,730 $8,103,901,996
2004 $6,087,360,684 $6,838,351,088
2003 $5,071,947,798 $5,977,440,583
2002 $6,205,847,214 $4,462,029,109
2001 $6,331,970,324 $3,534,772,732
2000 $6,813,566,099 $2,904,663,311
1999 $4,153,725,884 $2,450,564,100
1998 $3,723,903,724 $2,605,689,134
1997 $3,338,949,152 $2,450,350,625
1996 $2,907,517,604 $2,378,759,975
1995 $2,813,313,279 $2,482,228,440
1994 $2,167,569,046 $2,561,118,608
1993 $1,878,253,767 $3,179,225,949
1992 $2,257,129,792 $3,200,539,816
1991 $3,473,562,628 $3,208,098,919
1990 $3,096,289,800 $3,189,539,641
1989 $2,736,243,800 $3,006,988,217
1988 $2,613,926,800 $3,010,982,414
1987 $2,047,200,000 $2,331,358,820
1986 $2,318,000,000 -
1985 $2,009,400,000 -
1984 $1,816,200,000 -
1983 $1,623,600,000 -
1982 $1,474,200,000 -
1981 $1,479,400,000 -
1980 $1,383,800,000 -
1979 $1,080,600,000 -
1978 $974,200,000 -
1977 $947,000,000 -
1976 $879,000,000 -
1975 $681,400,000 -
1974 $565,399,322 -
1973 $466,798,973 -
1972 $371,998,958 -
1971 $362,800,000 -
1970 $331,200,000 -
1969 $391,820,400 -
1968 $367,968,800 -
1967 $369,124,200 -
1966 $368,948,600 -
1965 $353,251,800 -
1964 $325,281,200 -
1963 $294,883,400 -
1962 $281,896,800 -
1961 $271,066,000 -
1960 $273,187,200 -

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

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

GDP per capita in Haiti vs Turkmenistan by year

Haiti
GDP per capita

GDP per capita, PPP
Turkmenistan
GDP per capita

GDP per capita, PPP
1x
Year Current $
Haiti Turkmenistan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $2,143 $3,194 $6,857 $21,213
2023 $1,706 $3,292 $6,232 $19,829
2022 $1,761 $3,275 $5,838 $18,340
2021 $1,841 $3,145 $5,723 $16,434
2020 $1,290 $3,103 $5,973 $15,091
2019 $1,352 $3,237 $5,998 $15,478
2018 $1,496 $3,197 $6,125 $14,368
2017 $1,395 $3,339 $5,828 $13,278
2016 $1,318 $3,253 $5,687 $12,919
2015 $1,411 $3,026 $5,759 $12,715
2014 $1,460 $3,076 $7,164 $12,477
2013 $1,458 $3,042 $6,600 $11,723
2012 $1,361 $2,830 $6,054 $11,035
2011 $1,312 $2,858 $5,144 $10,283
2010 $1,210 $2,695 $4,059 $8,972
2009 $1,197 $2,855 $3,708 $8,285
2008 $1,095 $2,724 $3,606 $7,916
2007 $985 $2,647 $2,415 $6,901
2006 $829 $2,504 $1,997 $6,164
2005 $776 $2,427 $1,604 $5,489
2004 $683 $2,322 $1,379 $4,798
2003 $579 $2,331 $1,229 $4,536
2002 $721 $2,248 $936 $4,393
2001 $749 $2,230 $756 $4,401
2000 $821 $2,229 $634 $4,209
1999 $510 $2,201 $546 $3,981
1998 $465 $2,152 $591 $3,432
1997 $425 $2,122 $565 $3,222
1996 $377 $2,070 $558 $3,636
1995 $372 $1,989 $592 $3,405
1994 $292.1 $1,807 $622 $3,659
1993 $258.1 $2,048 $788 $4,422
1992 $316 $2,158 $811 $4,351
1991 $497 $2,273 $832 $5,117
1990 $452 $2,202 $848 $5,321
1989 $407 - $821 -
1988 $397 - $846 -
1987 $318 - $675 -
1986 $367 - - -
1985 $325 - - -
1984 $299.2 - - -
1983 $272.8 - - -
1982 $252.6 - - -
1981 $258.5 - - -
1980 $246.5 - - -
1979 $196.2 - - -
1978 $180.3 - - -
1977 $178.7 - - -
1976 $169.1 - - -
1975 $133.6 - - -
1974 $113 - - -
1973 $95.1 - - -
1972 $77.3 - - -
1971 $76.8 - - -
1970 $71.5 - - -
1969 $86.1 - - -
1968 $82.4 - - -
1967 $84.2 - - -
1966 $85.7 - - -
1965 $83.6 - - -
1964 $78.5 - - -
1963 $72.4 - - -
1962 $70.4 - - -
1961 $69 - - -
1960 $70.8 - - -

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

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

Haiti's GDP per capita is $2,143, ranking 153/197, compared to $6,857 in Turkmenistan, ranking 104/197. Adjusted for purchasing power (GDP per capita PPP), Haiti ranks 177th at $3,194, while Turkmenistan ranks 94th at $21,213.

Economic indicators

Haiti Turkmenistan
Gross domestic product
$25.2B
2024
$51.4B
2024
GDP rank
117/197
2024
92/197
2024
GDP growth
-4.17%
2023-2024
6.3%
2023-2024
GDP per capita
$2,143
2024
$6,857
2024
GDP per capita rank
153/197
2024
104/197
2024
GDP per capita, PPP
$3,194
2024
$21,213
2024
GDP per capita PPP rank
177/197
2024
94/197
2024
Government debt
$3.91B
2024
$2.11B
2024
Debt-to-GDP ratio
15.5%
2024
4.11%
2024
Government debt per person
$332
2024
$282
2024
Government debt per person rank
176/185
2024
179/185
2024
Average annual personal income after taxes
$1,896
2026
$7,520
2026
Income share by richest 10%
31.2%
2012
31.5%
1998
Income share by poorest 10%
2.1%
2012
2.4%
1998
Government expenditure, % of GDP
5.25%
2024
14.5%
2024
Consumer prices inflation
26.9%
2023-2024
4.6%
2023-2024
Unemployment rate
14.1%
2012
4%
2010
Population
12076663
7776557

Spending and national debt comparison by year

Haiti
Spending

Debt
Turkmenistan
Spending

Debt
1x
Year % of GDP
Haiti Turkmenistan
Government spending Government debt Government spending Government debt
2024 5.25% 15.5% 14.5% 4.11%
2023 6.46% 28.5% 13.7% 5.46%
2022 8.33% 29.5% 13% 7.14%
2021 9.42% 28.9% 13.4% 12.3%
2020 9.86% 22.3% 13.5% 15.4%
2019 9.59% 26.5% 13.6% 17.7%
2018 11.3% 24.1% 13.7% 22.5%
2017 10.2% 22.5% 17.8% 24.7%
2016 10.5% 24.4% 14.1% 21.1%
2015 12.7% 23.9% 17.3% 19%
2014 14.6% 21.4% 17% 16%
2013 15.9% 25.1% 16.9% 20.4%
2012 16.4% 24.1% 14.7% 17.9%
2011 14.1% 22.3% 15.4% 14.8%
2010 12.6% 24.9% 14.6% 7.04%
2009 11.6% 19.4% 14.4% 3.09%
2008 11.2% 33.9% 11.7% 3.56%
2007 11.1% 24.4% 14.4% 3.06%
2006 9.67% 32.2% 16% 4.23%
2005 8.75% 29.7% 21.1% 6.82%
2004 7.38% 30.4% 20.3% 11.4%
2003 7.83% 37.8% 20.8% 16.9%
2002 6.64% 32% 19.4% 24.2%
2001 6.11% 28.8% 22.6% 34.1%
2000 6.25% 32.5% 25.9% 55.1%
1999 6.91% 24.1% 20.8% 66.7%
1998 5.4% 24% 26.1% 81.6%
1997 5.46% 26.2% 26.9% 64.2%
1996 - 26.2% - -
1995 - 26.2% - -
1994 - 35.3% - -
1993 - 98% - -
1992 - 118.9% - -
1991 - 80.7% - -
1990 - 85.1% - -
1989 - 98.7% - -
1988 - 90.9% - -
1987 32.4% 58.6% - -
1986 15.1% 26.5% - -
1985 17.4% 25.6% - -
1984 16.9% 27.3% - -
1983 21.9% 28.9% - -
1982 20.7% 25.5% - -
1981 17.4% 23.7% - -
1980 17.2% 20.3% - -
1979 13.1% 19.8% - -
1978 18.9% 20.1% - -
1977 16.7% 18.5% - -
1976 13.4% 14.9% - -
1975 12.8% 14.2% - -
1974 9.24% 13.3% - -
1973 9.4% 8.92% - -
1972 11.2% 11.1% - -
1971 11.2% 11% - -
1970 11.4% 12.5% - -
1969 10.1% - - -
1968 10.3% - - -
1967 7.52% - - -
1966 7.2% - - -
1965 7.91% - - -
1964 - - - -
1963 8.95% - - -
1962 - - - -
1961 - - - -
1960 7.34% 21.6% - -

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/haiti/turkmenistan | CC BY

In 2024, Haiti's government spending was $1.32B, accounting for 5.25% of its GDP, while Turkmenistan spent $7.46B, or 14.5% of GDP.

Debt-to-GDP ratio is 15.5% in Haiti and 4.11% in Turkmenistan, ranking 177/185 and 183/185, respectively.

Government deficit by year

Deficit/surplus
Haiti

Turkmenistan
1x
Year Deficit/surplus, % of GDP
Haiti Turkmenistan
2024 6.96% -0.08%
2023 0.77% 0.11%
2022 -1.75% 3.38%
2021 -2.45% 0.57%
2020 -1.96% -0.16%
2019 -1.99% -0.4%
2018 -1.13% -0.22%
2017 -0.32% -2.84%
2016 0.12% -2.38%
2015 -1.47% -0.7%
2014 -3.64% 0.89%
2013 -3.98% 1.53%
2012 -2.71% 7.53%
2011 -1.43% 3.84%
2010 -1.5% 2.13%
2009 -2% 7.53%
2008 -1.8% 10.7%
2007 -1.55% 4.19%
2006 -0.91% 5.64%
2005 -0.83% 0.86%
2004 -1.34% 1.47%
2003 -2.24% 3.99%
2002 -1.8% 0.19%
2001 -1.55% 0.77%
2000 -1.36% -0.55%
1999 -1.54% 2.48%
1998 0.21% 1.15%
1997 0.37% -0.2%
1996 - -
1995 - -
1994 - -
1993 - -
1992 - -
1991 - -
1990 - -
1989 - -
1988 - -
1987 -4.94% -
1986 -1.4% -
1985 -0.97% -
1984 -3.52% -
1983 -5.72% -
1982 -3.93% -
1981 -4.38% -
1980 -5.68% -
1979 -2.21% -
1978 -3.24% -
1977 -2.85% -
1976 -1.16% -
1975 -1.73% -
1974 0.23% -
1973 0.03% -
1972 0.24% -
1971 -0.08% -
1970 -0.19% -
1969 -0.39% -
1968 -0.46% -
1967 0% -
1966 0% -
1965 0% -
1964 - -
1963 0% -
1962 - -
1961 - -
1960 0.006% -
1959 -1.11% -
1958 -2.21% -
1957 0.28% -
1956 -2.18% -
1955 -0.86% -
1954 -0.81% -
1953 -1.01% -
1952 - -
1951 - -
1950 - -
1949 -0.12% -
1948 0.21% -
1947 1.06% -
1946 0.51% -
1945 0.47% -
1944 - -
1943 - -
1942 - -
1941 -0.21% -
1940 0.13% -
1939 -0.16% -
1938 0.15% -
1937 -0.08% -
1936 -0.06% -
1935 -0.2% -
1934 -1.23% -
1933 0% -
1932 0.4% -
1931 -0.49% -
1930 -0.52% -
1929 -0.32% -
1928 -0.25% -
1927 0.73% -
1926 -0.45% -
1925 0.05% -
1924 -0.14% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1997–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1924–1987, retrieved 2026-02-20).

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

In 2024, Haiti's government surplus, the difference between spending and revenue, was $1.76B, equivalent to 6.96% of GDP. This compares to Turkmenistan's deficit of $42.9M, or 0.08% of GDP.

Over the past 28 years, Haiti recorded a fiscal deficit in 23 of those years, while Turkmenistan ran a deficit in 9 years. On average, Haiti posted an annual deficit equal to 1.17% of GDP, compared to surplus of 1.84% of GDP for Turkmenistan.

Inflation comparison by year

Inflation
Haiti

Turkmenistan
1x
Year Consumer prices inflation
Haiti Turkmenistan
2024 26.9% 4.6%
2023 36.8% -1.6%
2022 34% 11.2%
2021 16.8% 19.5%
2020 22.8% 6.1%
2019 18.7% 5.1%
2018 12.5% 13.3%
2017 10.7% 8%
2016 11.5% 3.6%
2015 6.73% 7.4%
2014 3.44% 6%
2013 4.77% 6.8%
2012 5.02% 5.3%
2011 6.33% 5.3%
2010 4.83% 4.4%
2009 0.39% -2.7%
2008 15.3% 14.5%
2007 6.56% 6.3%
2006 11.3% 8.2%
2005 14% 10.7%
2004 21% 5.9%
2003 28.7% 5.6%
2002 7.03% 8.8%
2001 13.3% 11.6%
2000 9.33% 8%
1999 3% 23.5%
1998 5.27% 16.8%
1997 20.6% 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/haiti/turkmenistan | CC BY

Over the past 28 years, Haiti has recorded an average annual inflation rate of 13.5%, compared with 10.9% in Turkmenistan. In 2024, inflation was 26.9% in Haiti and 4.6% in Turkmenistan.

Top exports between countries

Haiti
Export category Export value
Turkmenistan
Export category Export value
Machinery & equipment $50K

Balance of trade

Haiti Turkmenistan
Current account balance
-$145M
2024
n/a
Current account balance ranking
92/190
2024
n/a
Current account balance, % of GDP
-0.58%
2024
n/a
Goods imports
$4.27B
2024
n/a
Goods exports
$767M
2024
n/a
Service imports
$518M
2024
n/a
Service exports
$96.6M
2024
n/a
Imports of goods and services, % of GDP
18.8%
2024
11.2%
2024
Exports of goods and services, % of GDP
3.4%
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.

Haiti Turkmenistan
Economic freedom 46.1 47
Economic freedom ranking 178/197 177/197
Property rights 6.6 17.4
Government integrity 13 8.4
Judicial effectiveness 17.3 12.3
Tax burden 81.7 94.2
Government spending 98.7 94.3
Fiscal health 99.5 99.9
Business freedom 30.7 37.5
Labor freedom 54.7 29.3
Monetary freedom 45.1 76.7
Trade freedom 66.4 74.2
Investment freedom 20 10
Financial freedom 20 10

Economic freedom comparison by year

Haiti
Turkmenistan
1x
Year Economic freedom index
Haiti Turkmenistan
2026 46.1 47
2025 46.1 47.1
2024 48.2 46.3
2023 49.9 46.5
2022 50 46.2
2021 50.8 47.4
2020 52.3 46.5
2019 52.7 48.4
2018 55.8 47.1
2017 49.6 47.4
2016 51.3 41.9
2015 51.3 41.4
2014 48.9 42.2
2013 48.1 42.6
2012 50.7 43.8
2011 52.1 43.6
2010 50.8 42.5
2009 50.5 44.2
2008 49 43.4
2007 51.4 43
2006 49.2 43.8
2005 48.4 47.6
2004 51.2 50.7
2003 50.6 51.3
2002 47.9 43.2
2001 47.1 41.8
2000 45.7 37.6
1999 45.9 36.1
1998 45.7 35
1997 45.8 -
1996 41 -
1995 43 -

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

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

The Economic Freedom Index for Haiti is 46.1, ranking 178/197, compared to 47 for Turkmenistan, ranking 177/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Haiti Turkmenistan
Services, % of GDP
48.3%
2024
50.4%
2024
Industry, % of GDP
33.4%
2024
37.5%
2024
Agriculture, forestry, and fishing, % of GDP
15.9%
2024
12.2%
2024
GNI, Atlas method
$20.7B
2024
$48.8B
2024
GNI per capita, PPP
$3,190
2024
$21,020
2024
Total reserves including gold
$2.72B
2024
$1.51B
1999
Total reserves ranking
121/177
2024
135/177
1999
Net foreign direct investment
-$20M
2024
n/a
Net inflows of foreign direct investment
$20M
2024
$1.64B
2024
Net outflows of foreign direct investment
$0
2024
$0
2024
Servicing debt to the IMF, % of GNI
2.15%
2024
1.91%
2024
Poverty at national poverty lines
58.5%
2012
0.2%
2020
Gross capital formation, % of GDP
9.94%
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/haiti/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 (1924–1996, 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. TradeMap (2017, retrieved 2026-02-08)
  9. 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.