Liberia vs Turkey: Economic Indicators Comparison

Turkey with a GDP of $771.4B ranked the 19th largest economy in the world, while Liberia ranked 164th with $3.3B. By GDP 5-years average growth and GDP per capita, Turkey and Liberia ranked 36th vs 161st and 78th vs 186th, respectively.

Gross Domestic Product & Income

StatLiberiaTurkey
GDP$3.3B$771.4B
GDP growth, 1 year1.2%2.6%
GDP growth, 5-years average0.6%4.9%
Population4.7M82M
GDP per capita$677$9.4k
GDP per capita growth-1.23%1.31%
Purchasing Power Parity conversion factor0.521.61
Price level ratio of PPP conversion factor GDP to market exchange rate0.520.33
GDP per capita, PPP adjusted$1.4k$28k
GNI, Atlas method$2.9B$858.1B
GNI per capita$610$10k
GNI, PPP adjusted$5.5B$2.3T
GNI per capita, PPP adjusted$1.1k$28k

Financial system and Human development

StatLiberiaTurkey
Income Tax Rate25%35%
Corporate Tax Rate25%22%
Inflation, consumer prices23.4%16.3%
Inflation, GDP deflator-1.9%16.4%
Unemployment2%10.9%
Economic Freedom Index4964.4
Personal Freedom Index6.16.97
Human Freedom Index6.66.96
Property Rights Index31.157.4
Judical Effectiveness Index37.953.7
Business Freedom Index48.267
Fiscal Health Index59.786.1
Labor Freedom Index38.249.2
Investment Freedom Index5570
Financial Freedom Index2060
Trade Freedom Index60.678
Monetary Freedom Index62.166.1
Government Spending Index65.564.1
Tax Burden Index86.176.7
Government Integrity Index23.844.6
Corruption Perceptions Index3241
Life expectancy at birth, years63.377.2
Suicide mortality rate, per 100,000 people6.87.3
Mortality caused by road traffic injury, per 100,000 people35.912.3
Intentional homicides, per 100,000 people3.24.3
International tourism, number of arrivalsN/A45.8M

Government debt & reserves

StatLiberiaTurkey
Central government debt, % of GDP40.5%29.1%
External debt stocks, % of GNI44.7%59%
External debt stocks$1.3B$445.1B
Short-term debt, % of total reserves0%124.1%
Total debt service, % of exports and primary income2.8%36.7%
Adjusted net savings including particulate emission damage, % of GNI-99%11.4%
Gross savings, % of GDP-64.1%27.1%
Gross capital formation, % of GDP12.9%29.6%
Total reserves including gold$560.3M$93B
Foreign direct investment net inflows$129.1M$13.1B

Exports, imports and economic structure

StatLiberiaTurkey
Exports of goods and services, % of GDP26%29.5%
Imports of goods and services, % of GDP94.3%30.6%
Current account balance (balance of payments)-$674.1M-$27B
Revenue excluding grants, % of GDP15.7%30.7%
Grants excluding technical cooperation, BoP$436.2M$1.3B
Personal remittances received$459.9M$1.1B
Industry including construction value added, % of GDP12.5%29.5%
Agriculture, forestry and fishing value added, % of GDP37.3%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 GDP16.5%33.9%
Government Expenditure, % of GDP33.9%34.6%

Compare with countries close by GDP per capita

Liberia vs

CountryGDP
per capita
Population
Kyrgyzstan
$1.3k
6.2M
Mauritania
$1.2k
4.42M
South Sudan
$1.1k
12.6M
Tanzania
$1.1k
57.3M
Nepal
$1k
29.4M
Sudan
$977
40.5M
Yemen
$944
28.3M
Benin
$902
11.2M
Mali
$900
18.5M
Guinea
$879
12.7M
Haiti
$868
11M
Tajikistan
$827
8.92M
Eritrea
$811
3.5M
Guinea-Bissau
$778
1.86M
Rwanda
$773
12.2M
Ethiopia
$772
105M
Chad
$728
15.5M
Gambia
$716
2.1M
Burkina Faso
$715
19.2M
Togo
$679
7.8M
Uganda
$643
42.9M
DR Congo
$562
86.8M
Sierra Leone
$534
7.56M
Madagascar
$528
25.6M
Afghanistan
$521
34.9M
Mozambique
$499
29.7M
Central African Republic
$476
4.66M
Niger
$414
21.5M
Malawi
$389
18.6M
Somalia
$315
11M

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