Luxembourg vs Turkmenistan: Economic Indicators Comparison

Luxembourg with a GDP of $70.9B ranked the 72nd largest economy in the world, while Turkmenistan ranked 93rd with $40.8B. By GDP 5-years average growth and GDP per capita, Luxembourg and Turkmenistan ranked 88th vs 9th and 3rd vs 92nd, respectively.

Gross Domestic Product & Income

StatLuxembourgTurkmenistan
GDP$70.9B$40.8B
GDP growth, 1 year3%6.2%
GDP growth, 5-years average3%7.1%
Population626k5.9M
GDP per capita$117k$7k
GDP per capita growth1.18%4.51%
Purchasing Power Parity conversion factor0.871.26
Price level ratio of PPP conversion factor GDP to market exchange rate1.030.36
GDP per capita, PPP adjusted$107k$20k
GNI, Atlas method$43.1B$39.4B
GNI per capita$71k$6.7k
GNI, PPP adjusted$43.9B$108.2B
GNI per capita, PPP adjusted$72k$18k

Financial system and Human development

StatLuxembourgTurkmenistan
Income Tax Rate42%10%
Corporate Tax Rate18%8%
Inflation, consumer prices2%13.6%
Inflation, GDP deflator2.5%1.2%
Unemployment5.5%3.8%
Economic Freedom Index75.846.5
Personal Freedom Index9.14.1
Human Freedom Index8.464.1
Property Rights Index86.420.1
Judical Effectiveness Index74.420
Business Freedom Index66.830
Fiscal Health Index9994.5
Labor Freedom Index45.320
Investment Freedom Index9510
Financial Freedom Index8010
Trade Freedom Index86.474.2
Monetary Freedom Index76.468.7
Government Spending Index45.493.1
Tax Burden Index64.195.9
Government Integrity Index90.321.4
Corruption Perceptions Index8120
Life expectancy at birth, years82.768
Suicide mortality rate, per 100,000 people13.56.7
Mortality caused by road traffic injury, per 100,000 people6.314.5
Intentional homicides, per 100,000 people0.34.2
International tourism, number of arrivals1M8.2k

Government debt & reserves

StatLuxembourgTurkmenistan
Central government debt, % of GDP21.8%29.3%
External debt stocks, % of GNIN/A2.3%
External debt stocksN/A$907.3M
Short-term debt, % of total reservesN/A20.6%
Total debt service, % of exports and primary incomeN/A22.1%
Adjusted net savings including particulate emission damage, % of GNI20.9%N/A
Gross savings, % of GDP17.4%N/A
Gross capital formation, % of GDP17.6%47.2%
Total reserves including gold$938.9M$1.5B
Foreign direct investment net inflows-$5.6B$2B

Exports, imports and economic structure

StatLuxembourgTurkmenistan
Exports of goods and services, % of GDP211.6%22.7%
Imports of goods and services, % of GDP175.5%12.5%
Current account balance (balance of payments)$3.4BN/A
Revenue excluding grants, % of GDP40.9%N/A
Grants excluding technical cooperation, BoPN/A$14.5M
Personal remittances received$2.1B$1.6M
Industry including construction value added, % of GDP11.8%57%
Agriculture, forestry and fishing value added, % of GDP0.2%9.3%
Charges for the use of intellectual property, payments BoP$5BN/A
Charges for the use of intellectual property, receipts BoP$2.4BN/A
Expense, % of GDP38.7%N/A
Government Expenditure, % of GDP42.7%15.1%

Compare with countries close by GDP per capita

Luxembourg vs

CountryGDP
per capita
Population
Monaco
$186k
38.7k
Liechtenstein
$165k
37.9k
Switzerland
$83k
8.47M
Norway
$82k
5.37M
Cayman Islands
$81k
58.4k
Ireland
$79k
4.76M
Iceland
$73k
357k
Qatar
$69k
2.64M
Singapore
$65k
5.89M
United States
$63k
325M
Denmark
$61k
5.83M
Australia
$57k
24.5M
Sweden
$55k
10.3M
Netherlands
$53k
17.3M
Austria
$51k
8.81M
Finland
$50k
5.5M
San Marino
$48k
33.4k
Germany
$48k
83.1M
Belgium
$48k
11.4M
Canada
$46k
37.9M
United Arab Emirates
$43k
9.4M
United Kingdom
$43k
66M
Andorra
$42k
76.2k
New Zealand
$42k
4.94M
Israel
$42k
9.09M
France
$41k
66.6M
Japan
$39k
127M
Italy
$34k
60.3M
Kuwait
$34k
4.6M
Bahamas
$32k
395k

Turkmenistan vs

CountryGDP
per capita
Population
Mexico
$9.7k
131M
Turkey
$9.4k
82M
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
Peru
$6.9k
29.4M
Colombia
$6.7k
49.1M
South Africa
$6.4k
57.7M
Ecuador
$6.3k
16.6M
Belarus
$6.3k
9.41M
Fiji
$6.3k
906k
Suriname
$6.2k
563k
North Macedonia
$6.1k
2.08M
Bosnia and Herzegovina
$6.1k
3.51M
Namibia
$5.9k
2.53M
Iraq
$5.8k
38.3M
Paraguay
$5.8k
6.81M
Iran
$5.6k
80M
Jamaica
$5.4k
2.89M
Albania
$5.3k
3.02M