Laos vs Turkey: Economic Indicators Comparison

Turkey with a GDP of $771.4B ranked the 19th largest economy in the world, while Laos ranked 118th with $18B. By GDP 5-years average growth and GDP per capita, Turkey and Laos ranked 36th vs 11th and 78th vs 140th, respectively.

Gross Domestic Product & Income

StatLaosTurkey
GDP$18B$771.4B
GDP growth, 1 year6.5%2.6%
GDP growth, 5-years average7%4.9%
Population6.9M82M
GDP per capita$2.5k$9.4k
GDP per capita growth4.62%1.31%
Purchasing Power Parity conversion factor2901.21.61
Price level ratio of PPP conversion factor GDP to market exchange rate0.340.33
GDP per capita, PPP adjusted$7.9k$28k
GNI, Atlas method$17.3B$858.1B
GNI per capita$2.5k$10k
GNI, PPP adjusted$50.1B$2.3T
GNI per capita, PPP adjusted$7.1k$28k

Financial system and Human development

StatLaosTurkey
Income Tax Rate24%35%
Corporate Tax Rate24%22%
Inflation, consumer prices2%16.3%
Inflation, GDP deflator1.9%16.4%
Unemployment0.6%10.9%
Economic Freedom Index55.564.4
Personal Freedom Index5.86.97
Human Freedom Index6.26.96
Property Rights Index42.557.4
Judical Effectiveness Index37.353.7
Business Freedom Index54.367
Fiscal Health Index53.386.1
Labor Freedom Index58.649.2
Investment Freedom Index3570
Financial Freedom Index2060
Trade Freedom Index8278
Monetary Freedom Index76.866.1
Government Spending Index86.664.1
Tax Burden Index8776.7
Government Integrity Index3244.6
Corruption Perceptions Index2941
Life expectancy at birth, years67.377.2
Suicide mortality rate, per 100,000 people8.67.3
Mortality caused by road traffic injury, per 100,000 people16.612.3
Intentional homicides, per 100,000 people74.3
International tourism, number of arrivals3.8M45.8M

Government debt & reserves

StatLaosTurkey
Central government debt, % of GDP63%29.1%
External debt stocks, % of GNI90.2%59%
External debt stocks$15.6B$445.1B
Short-term debt, % of total reserves41.2%124.1%
Total debt service, % of exports and primary income14.6%36.7%
Adjusted net savings including particulate emission damage, % of GNI-1.2%11.4%
Gross savings, % of GDP17.6%27.1%
Gross capital formation, % of GDP29%29.6%
Total reserves including gold$980.4M$93B
Foreign direct investment net inflows$1.3B$13.1B

Exports, imports and economic structure

StatLaosTurkey
Exports of goods and services, % of GDP33.2%29.5%
Imports of goods and services, % of GDP41.9%30.6%
Current account balance (balance of payments)-$1.4B-$27B
Revenue excluding grants, % of GDPN/A30.7%
Grants excluding technical cooperation, BoP$337.3M$1.3B
Personal remittances received$238.7M$1.1B
Industry including construction value added, % of GDP31.5%29.5%
Agriculture, forestry and fishing value added, % of GDP15.7%5.8%
Charges for the use of intellectual property, payments BoPN/A$726M
Charges for the use of intellectual property, receipts BoPN/A$29M
Expense, % of GDPN/A33.9%
Government Expenditure, % of GDP21.1%34.6%

Compare with countries close by GDP per capita

Laos vs

CountryGDP
per capita
Population
Cape Verde
$3.6k
546k
Bolivia
$3.5k
11.1M
Tunisia
$3.4k
11.6M
Angola
$3.4k
29.8M
Bhutan
$3.2k
808k
Morocco
$3.2k
36M
Moldova
$3.2k
2.55M
Palestine
$3.2k
4.68M
Vanuatu
$3.1k
276k
Philippines
$3.1k
105M
Ukraine
$3.1k
42.6M
Djibouti
$3.1k
957k
Papua New Guinea
$2.7k
8.25M
Vietnam
$2.6k
94.7M
Egypt
$2.5k
94.8M
Honduras
$2.5k
9.27M
Ghana
$2.2k
26.9M
Congo
$2.1k
5.26M
Zimbabwe
$2.1k
16.5M
Solomon Islands
$2.1k
611k
East Timor
$2k
1.3M
Syria
$2k
18.3M
Nicaragua
$2k
6.22M
Nigeria
$2k
191M
India
$2k
1.33B
Sao Tome and Principe
$2k
204k
Ivory Coast
$1.7k
24.3M
Kenya
$1.7k
48.5M
North Korea
$1.7k
25.5M
Bangladesh
$1.7k
165M

Turkey vs

CountryGDP
per capita
Population
Croatia
$15k
4.11M
Romania
$12k
19.6M
Costa Rica
$12k
4.91M
Argentina
$12k
44.9M
Malaysia
$11k
31.6M
Russia
$11k
147M
Mauritius
$11k
1.26M
Grenada
$11k
108k
Saint Lucia
$11k
179k
Maldives
$10k
436k
Equatorial Guinea
$10k
1.27M
Nauru
$9.9k
13.7k
Kazakhstan
$9.8k
18.3M
China
$9.8k
1.41B
Mexico
$9.7k
131M
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
Turkmenistan
$7k
5.85M
Peru
$6.9k
29.4M