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Economy of Kyrgyzstan vs Turkey compared: GDP & Debt

Updated on by Georank team

Kyrgyzstan has a GDP of $17.5B compared to $1.36T for Turkey, ranking 135/197 and 17/197 by economy size, respectively.

Kyrgyzstan has $6.4B in government debt (39.5% of GDP), compared to $353B (27.1% of GDP) in Turkey.

The chart below compares the two countries' GDP growth in both current (nominal) and constant dollars, accounting for inflation over time.

Kyrgyzstan
GDP, current $

GDP, constant 2015 $
Turkey
GDP, current $

GDP, constant 2015 $
Year GDP
Kyrgyzstan Turkey
Current $ Constant $ Current $ Constant $
1960 - - $7,566,666,667 $69,393,850,612
1961 - - $7,988,888,889 $70,196,091,674
1962 - - $8,922,222,222 $74,107,016,789
1963 - - $10,355,555,556 $80,825,785,367
1964 - - $11,177,777,778 $85,238,110,897
1965 - - $11,966,666,667 $87,644,834,141
1966 - - $14,100,000,000 $97,472,287,281
1967 - - $15,644,444,444 $102,085,173,262
1968 - - $17,500,000,000 $109,004,502,233
1969 - - $19,466,666,667 $113,453,134,702
1970 - - $17,863,636,364 $117,121,651,993
1971 - - $16,166,666,667 $123,641,456,553
1972 - - $20,650,000,000 $132,822,809,400
1973 - - $26,000,000,000 $137,155,933,759
1974 - - $35,414,285,714 $144,829,087,365
1975 - - $46,042,857,143 $155,219,289,300
1976 - - $51,450,000,000 $171,457,057,860
1977 - - $58,683,333,333 $177,298,033,677
1978 - - $65,912,500,000 $179,962,704,354
1979 - - $89,616,129,032 $178,839,532,695
1980 - - $68,823,684,211 $174,462,702,630
1981 - - $71,180,180,180 $182,935,743,325
1982 - - $64,369,325,153 $189,454,160,610
1983 - - $61,803,555,556 $198,872,079,969
1984 - - $59,937,602,180 $212,220,405,224
1985 - - $67,232,758,621 $221,221,385,068
1986 - $4,159,487,047 $75,673,037,037 $236,733,497,412
1987 - $4,296,748,804 $87,190,081,680 $259,188,945,262
1988 - $4,863,920,938 $90,875,175,809 $265,204,038,481
1989 - $4,999,612,218 $107,127,191,329 $265,973,777,473
1990 $2,660,202,623 $5,284,729,935 $150,655,500,192 $290,619,297,801
1991 $2,542,256,424 $4,864,914,940 $151,034,731,544 $292,712,567,677
1992 $2,315,346,943 $4,191,715,901 $159,104,772,992 $307,452,504,005
1993 $2,026,019,253 $3,543,704,782 $180,415,757,852 $330,976,510,460
1994 $1,681,780,847 $2,831,946,048 $130,650,447,499 $315,526,039,212
1995 $1,661,147,035 $2,678,346,337 $234,699,627,004 $340,384,022,645
1996 $1,827,570,586 $2,868,093,848 $250,366,965,174 $364,748,025,041
1997 $1,767,864,036 $3,152,472,635 $263,817,553,748 $391,585,682,739
1998 $1,645,963,750 $3,219,362,911 $276,035,372,655 $399,059,372,123
1999 $1,249,061,487 $3,337,056,039 $256,673,939,248 $386,877,005,104
2000 $1,369,688,498 $3,518,703,233 $274,748,463,179 $413,901,474,163
2001 $1,525,116,370 $3,705,955,298 $202,195,080,239 $391,304,902,374
2002 $1,605,643,105 $3,705,313,255 $240,778,008,474 $416,487,363,950
2003 $1,919,008,090 $3,965,807,641 $315,392,899,922 $440,639,854,395
2004 $2,211,534,585 $4,244,477,505 $410,156,784,496 $484,375,146,823
2005 $2,460,246,766 $4,237,027,793 $508,314,210,213 $528,509,363,516
2006 $2,834,168,889 $4,368,498,476 $559,668,118,237 $565,862,429,107
2007 $3,802,570,553 $4,741,693,830 $685,228,481,017 $594,767,729,618
2008 $5,139,958,909 $5,140,072,740 $775,415,944,333 $600,240,295,873
2009 $4,690,061,381 $5,288,430,380 $653,894,449,921 $570,932,398,858
2010 $4,794,361,863 $5,263,491,909 $782,545,664,268 $619,702,577,582
2011 $6,197,765,984 $5,576,999,925 $844,192,507,381 $687,745,688,382
2012 $6,605,142,884 $5,572,083,788 $885,327,622,479 $720,809,935,556
2013 $7,335,033,801 $6,180,302,892 $962,167,643,589 $781,994,134,596
2014 $7,468,102,413 $6,429,000,668 $942,343,431,929 $817,972,077,518
2015 $6,678,177,512 $6,678,177,512 $865,460,050,684 $865,460,050,684
2016 $6,813,095,379 $6,967,733,667 $870,818,016,910 $894,225,044,187
2017 $7,702,938,379 $7,297,999,869 $863,874,522,365 $964,205,820,086
2018 $8,271,106,235 $7,572,252,145 $788,356,985,774 $997,645,953,749
2019 $9,371,275,264 $7,920,623,120 $775,853,144,223 $1,010,631,549,473
2020 $8,270,468,614 $7,354,379,549 $733,628,247,119 $1,028,853,867,660
2021 $9,249,133,946 $7,759,385,792 $839,938,668,172 $1,150,372,769,728
2022 $12,134,931,018 $8,455,209,117 $926,097,476,914 $1,212,967,141,770
2023 $15,180,842,369 $9,217,301,874 $1,141,242,864,657 $1,274,162,834,490
2024 $17,478,259,659 $10,050,558,458 $1,359,123,768,774 $1,316,562,171,167

Economic indicators

Kyrgyzstan Turkey
Gross domestic product
$17.5B
2024
$1.36T
2024
GDP rank
135/197
2024
17/197
2024
GDP growth
15.1%
2023-2024
19.1%
2023-2024
GDP per capita
$2,420
2024
$15,893
2024
GDP per capita rank
150/197
2024
66/197
2024
GDP per capita, PPP
$8,012
2024
$45,123
2024
Government debt
$6.4B
2024
$353B
2024
Debt-to-GDP ratio
39.5%
2026
27.1%
2026
Government debt per person
$887
2024
$4,127
2024
Government debt per person rank
145/185
2024
91/185
2024
Average annual personal income after taxes
$4,925
2026
$9,587
2026
Market capitalization of domestic companies n/a
$379B
2024
Number of millionaires n/a
60,787
2024
Number of billionaires n/a
32
2025
Income share by richest 10%
23%
2023
35.2%
2022
Income share by poorest 10%
4.3%
2023
2.1%
2022
Government expenditure, % of GDP
34.6%
2026
32%
2026
Consumer prices inflation
6.9%
2025-2026
58.5%
2023-2024
Central bank interest rate
9.25%
2024
40.5%
2025
Unemployment rate
3.5%
2023
8.71%
2024
Population
7438528
85963745

GDP per capita in Kyrgyzstan vs Turkey

Kyrgyzstan's GDP per capita is $2,420, ranking 150/197, compared to $15,893 in Turkey, ranking 66/197. Adjusted for purchasing power (GDP per capita PPP), Kyrgyzstan ranks 141st at $8,012, while Turkey ranks 51st at $45,123.

Kyrgyzstan
GDP per capita

GDP per capita, PPP
Turkey
GDP per capita

GDP per capita, PPP
Year Current $
Kyrgyzstan Turkey
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
1960 - - $267.1 -
1961 - - $274.4 -
1962 - - $298.2 -
1963 - - $337 -
1964 - - $354 -
1965 - - $370 -
1966 - - $425 -
1967 - - $459 -
1968 - - $501 -
1969 - - $544 -
1970 - - $488 -
1971 - - $431 -
1972 - - $537 -
1973 - - $661 -
1974 - - $881 -
1975 - - $1,122 -
1976 - - $1,228 -
1977 - - $1,372 -
1978 - - $1,510 -
1979 - - $2,013 -
1980 - - $1,516 -
1981 - - $1,537 -
1982 - - $1,360 -
1983 - - $1,276 -
1984 - - $1,209 -
1985 - - $1,326 -
1986 - - $1,461 -
1987 - - $1,650 -
1988 - - $1,686 -
1989 - - $1,949 -
1990 $606 $2,544 $2,690 $8,201
1991 $570 $2,382 $2,649 $8,409
1992 $513 $2,075 $2,744 $8,963
1993 $449 $1,795 $3,058 $9,743
1994 $372 $1,466 $2,176 $9,247
1995 $364 $1,401 $3,846 $9,955
1996 $395 $1,505 $4,041 $10,621
1997 $376 $1,659 $4,197 $11,511
1998 $345 $1,687 $4,331 $8,762
1999 $258 $1,747 $3,974 $8,470
2000 $279.6 $1,862 $4,199 $9,324
2001 $308 $1,986 $3,052 $9,015
2002 $322 $1,998 $3,591 $9,154
2003 $381 $2,158 $4,650 $9,475
2004 $433 $2,343 $5,980 $10,761
2005 $477 $2,386 $7,332 $11,803
2006 $543 $2,508 $7,990 $13,558
2007 $722 $2,770 $9,767 $14,952
2008 $966 $3,031 $10,913 $16,142
2009 $870 $3,097 $9,077 $15,552
2010 $877 $3,076 $10,699 $17,468
2011 $1,117 $3,278 $11,374 $19,717
2012 $1,169 $3,589 $11,777 $20,739
2013 $1,270 $4,001 $12,636 $22,475
2014 $1,265 $4,228 $12,209 $24,193
2015 $1,106 $4,153 $11,065 $25,897
2016 $1,103 $4,604 $10,984 $26,731
2017 $1,221 $4,954 $10,756 $28,354
2018 $1,284 $4,778 $9,684 $28,640
2019 $1,422 $5,304 $9,395 $29,016
2020 $1,230 $5,179 $8,798 $29,209
2021 $1,350 $5,736 $9,982 $32,106
2022 $1,740 $6,578 $10,898 $39,919
2023 $2,138 $7,298 $13,375 $43,196
2024 $2,420 $8,012 $15,893 $45,123

Spending and national debt comparison

In 2024, Kyrgyzstan's government spending was $5.89B, accounting for 34.6% of its GDP, while Turkey's spent $461B, or 32% of GDP.

Debt-to-GDP ratio is 39.5% in Kyrgyzstan and 27.1% in Turkey, ranking 134/185 and 168/185, respectively.

Kyrgyzstan
Government spending

Government debt
Turkey
Government spending

Government debt
Year % of GDP
Kyrgyzstan Turkey
Government spending Government debt Government spending Government debt
1960 - - 15.6% 19.9%
1961 - - 22.9% 28.9%
1962 - - 15.7% 28.8%
1963 - - 17.5% 27.6%
1964 - - 18.9% 25.7%
1965 - - 19% 33.4%
1966 - - 18.9% 33.4%
1967 - - 20.1% 33.3%
1968 - - 19% 33.2%
1969 - - 20.5% 33.2%
1970 - - 22.7% 39.8%
1971 - - 24.8% 34.4%
1972 - - 21.9% 30.1%
1973 - - 21.8% 23.1%
1974 - - 19% 19%
1975 - - 22% 20.2%
1976 - - 23.3% 20.4%
1977 - - 27.8% 24%
1978 - - 27.6% 25.8%
1979 - - 28.3% 23.6%
1980 - - 25.5% 22.4%
1981 - - 24% 32%
1982 - - 19.2% 33.4%
1983 - - 14.9% 32.7%
1984 - - 14.1% 42.6%
1985 - - 18% 44.3%
1986 - - 12.1% 38.2%
1987 - - 13.3% 40.3%
1988 - - 12.9% 38.6%
1989 - - 13.8% 33.5%
1990 - - 14.1% 25.8%
1991 - - 18.2% 28.4%
1992 - - 18.6% 29.2%
1993 - - 22% 29.1%
1994 - - 20.5% 39.2%
1995 37.9% 52.4% 19.4% 34.6%
1996 28.6% 57.7% 24.5% 35.5%
1997 31.1% 64.8% 26.4% 32.5%
1998 35.9% 85.1% 27.9% 36.5%
1999 35.9% 119.6% 32.7% 52.1%
2000 30.2% 123.3% 39.5% 51.3%
2001 28.1% 108.2% 44% 75.5%
2002 29.3% 107.9% 41% 71.5%
2003 28.1% 108.2% 38.4% 65.2%
2004 28.5% 92.7% 34.6% 57.2%
2005 29.1% 85.7% 32.1% 50.2%
2006 29.1% 73.4% 33.6% 44.2%
2007 29.6% 57.7% 32.9% 37.8%
2008 27.9% 49% 33.7% 37.7%
2009 32.5% 58.5% 37.2% 43.2%
2010 37.1% 59.7% 35.5% 39.5%
2011 37.4% 50.1% 32.8% 35.9%
2012 40.6% 50.5% 34.1% 32.2%
2013 38.1% 47.1% 33.7% 30.9%
2014 38.5% 53.6% 32.6% 28.3%
2015 38.1% 67.1% 32.5% 27.2%
2016 38.9% 59.1% 33.8% 27.7%
2017 37% 58.8% 32.6% 27.8%
2018 33.1% 54.8% 34.3% 29.9%
2019 30.8% 48.8% 35.5% 32.4%
2020 32.1% 63.6% 34.7% 39.4%
2021 32.1% 56.2% 31.3% 40.4%
2022 35% 46.8% 27.3% 30.8%
2023 32.9% 42% 33.2% 29.3%
2024 33.7% 36.6% 33.9% 26%
2025 35.5% 38.5% 32.9% 26.7%
2026 34.6% 39.5% 32% 27.1%

Government deficit by year

In 2024, Kyrgyzstan's government surplus, the difference between spending and revenue, was $327M, equivalent to 1.87% of GDP. This compares to Turkey's deficit of -$70.7B, or -5.2% of GDP.

Over the past 30 years, Kyrgyzstan recorded a fiscal deficit in 25 of those years, while Turkey ran a deficit in 30 years. On average, Kyrgyzstan posted an annual deficit equal to -4.32% of GDP, compared to deficit of -4.73% of GDP for Turkey.

Deficit/surplus
Kyrgyzstan

Turkey
Year Deficit/surplus, % of GDP
Kyrgyzstan Turkey
1936 - 1.43%
1937 - 1.43%
1938 - 1.18%
1939 - 1.18%
1940 - 1.18%
1941 - 1.18%
1942 - 1.18%
1943 - 0.22%
1944 - 0.22%
1945 - 1.01%
1946 - 1.01%
1947 - 1.01%
1948 - 0.84%
1949 - 0.81%
1950 - -0.53%
1951 - 0.48%
1952 - -0.1%
1953 - -0.12%
1954 - -1.12%
1955 - -0.85%
1956 - -0.84%
1957 - -0.66%
1958 - -0.45%
1959 - -0.78%
1960 - -0.83%
1961 - -1%
1962 - -0.16%
1963 - 0%
1964 - -0.84%
1965 - -1.18%
1966 - -0.66%
1967 - 0.1%
1968 - -0.62%
1969 - -1.45%
1970 - 0.14%
1971 - -3.05%
1972 - -0.13%
1973 - -0.98%
1974 - -1.02%
1975 - -0.19%
1976 - -0.6%
1977 - -5.1%
1978 - -1.83%
1979 - -3.06%
1980 - -3.67%
1981 - -1.5%
1982 - -1.61%
1983 - -1.45%
1984 - -3.77%
1985 - -5.84%
1986 - -2.43%
1987 - -3.47%
1988 - -3.2%
1989 - -3.87%
1990 - -3.65%
1991 - -6.86%
1992 - -6.73%
1993 - -8.84%
1994 - -6.04%
1995 -13.5% -5.95%
1996 -9.1% -10.7%
1997 -9.3% -10.1%
1998 -12% -9.84%
1999 -13.5% -13.8%
2000 -10.7% -8.37%
2001 -6.75% -11.7%
2002 -5.9% -11.3%
2003 -5.17% -7.57%
2004 -4.89% -4.12%
2005 -3.79% -0.75%
2006 -2.1% -0.22%
2007 1.28% -1.38%
2008 1.92% -2.14%
2009 0.38% -5.18%
2010 -5.95% -3.02%
2011 -4.7% -0.35%
2012 -5.86% -1.79%
2013 -3.7% -1.21%
2014 -3.07% -0.97%
2015 -2.52% -0.51%
2016 -5.79% -1.68%
2017 -3.73% -1.88%
2018 -0.59% -3.13%
2019 -0.07% -4.78%
2020 -3.06% -4.72%
2021 -0.71% -3.05%
2022 -0.29% -1.12%
2023 1.59% -5.32%
2024 1.87% -5.2%
2025 -3.4% -4.33%
2026 -2.82% -3.39%

Inflation comparison by year

Over the past 28 years, Kyrgyzstan has recorded an average annual inflation rate of 9.25%, compared with 27.8% in Turkey. In 2024, inflation was 6.9% in Kyrgyzstan and 58.5% in Turkey.

Inflation
Kyrgyzstan

Turkey
Year Inflation
Kyrgyzstan Turkey
1997 23.4% 85.7%
1998 10.5% 84.6%
1999 35.9% 64.9%
2000 19.7% 54.9%
2001 6.9% 54.4%
2002 2.1% 45%
2003 3% 21.6%
2004 4.1% 8.6%
2005 4.3% 8.18%
2006 5.6% 9.6%
2007 10.2% 8.76%
2008 24.5% 10.4%
2009 6.8% 6.25%
2010 8% 8.57%
2011 16.6% 6.47%
2012 2.8% 8.89%
2013 6.6% 7.49%
2014 7.5% 8.85%
2015 6.5% 7.67%
2016 0.4% 7.78%
2017 3.2% 11.1%
2018 1.5% 16.3%
2019 1.1% 15.2%
2020 6.3% 12.3%
2021 11.9% 19.6%
2022 13.9% 72.3%
2023 10.8% 53.9%
2024 5% 58.5%
2025 8% -
2026 6.9% -

Top exports between countries

Kyrgyzstan
Export category Export value
Raw materials & minerals $70.6M
Raw agricultural goods $19.8M
Textiles & consumer goods $6.03M
Metals $3.91M
Machinery & equipment $2.79M
Animal & marine products $1.3M
Miscellaneous $927K
Processed food, beverages & tobacco $383K
Wood & paper products $113K
Chemicals & pharma $51K
Turkey
Export category Export value
Precious metals & jewellery $472M
Machinery & equipment $366M
Textiles & consumer goods $312M
Chemicals & pharma $82.8M
Raw materials & minerals $62.5M
Metals $30.3M
Processed food, beverages & tobacco $24.1M
Raw agricultural goods $12.3M
Miscellaneous $4.89M
Wood & paper products $4.79M

Balance of trade

Kyrgyzstan Turkey
Current account balance
-$5.18B
2022
-$10.2B
2024
Current account balance ranking
167/190
2022
176/190
2024
Current account balance, % of GDP
-42.7%
2022
-0.75%
2024
Goods imports
$9.17B
2022
$314B
2024
Goods exports
$2.25B
2022
$257B
2024
Service imports
$1.48B
2022
$53.3B
2024
Service exports
$1.37B
2022
$115B
2024
Imports of goods and services, % of GDP
84.2%
2024
27%
2024
Exports of goods and services, % of GDP
43.4%
2024
27.6%
2024

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Kyrgyzstan Turkey
Economic freedom 55.6 56.1
Economic freedom ranking 127/197 122/197
Property rights 21.7 40.6
Government integrity 23.3 34.3
Judicial effectiveness 10.2 23.8
Tax burden 92.5 72.2
Government spending 64.8 71.9
Fiscal health 95.9 82.3
Business freedom 58.7 58.5
Labor freedom 52.9 48.4
Monetary freedom 63.4 37.9
Trade freedom 73.6 72.8
Investment freedom 60 70
Financial freedom 50 60

Economic freedom by year comparison

The Economic Freedom Index for Kyrgyzstan is 55.6, ranking 127/197, compared to 56.1 for Turkey, ranking 122/197. The chart below displays a comparison of annual changes in economic freedom indexes.

Kyrgyzstan
Turkey
Year Economic freedom index
Kyrgyzstan Turkey
1995 - 58.4
1996 - 56.7
1997 - 60.8
1998 51.8 60.9
1999 54.8 59.2
2000 55.7 63.4
2001 53.7 60.6
2002 51.7 54.2
2003 56.8 51.9
2004 58 52.8
2005 56.6 50.6
2006 61 57
2007 60.2 57.4
2008 61.1 59.9
2009 61.8 61.6
2010 61.3 63.8
2011 61.1 64.2
2012 60.2 62.5
2013 59.6 62.9
2014 61.1 64.9
2015 61.3 63.2
2016 59.6 62.1
2017 61.1 65.2
2018 62.8 65.4
2019 62.3 64.6
2020 62.9 64.4
2021 63.7 64
2022 55.8 56.9
2023 55.8 56.9
2024 55.2 56.2
2025 55.6 56.1

More economic indicators

Kyrgyzstan Turkey
Services, % of GDP
52.1%
2024
57.5%
2024
Industry, % of GDP
24.7%
2024
25.5%
2024
Agriculture, forestry, and fishing, % of GDP
8.61%
2024
5.82%
2024
GNI, Atlas method
$15.8B
2024
$1.15T
2024
GNI per capita, PPP
$7,900
2024
$44,600
2024
Total reserves including gold
$5.09B
2024
$155B
2024
Total reserves ranking
100/177
2024
21/177
2024
Net foreign direct investment
-$509M
2022
-$5.13B
2024
Net inflows of foreign direct investment
$705M
2024
$11.7B
2024
Net outflows of foreign direct investment
$20M
2024
$6.61B
2024
Servicing debt to the IMF, % of GNI
4.74%
2024
6.67%
2024
Poverty at national poverty lines
25.7%
2024
13.6%
2023
Gross capital formation, % of GDP
29.8%
2024
30.7%
2024

GDP per capita map

GDP per capita

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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.