Madagascar vs Turkey: Economic Indicators Comparison

Turkey with a GDP of $771.4B ranked the 19th largest economy in the world, while Madagascar ranked 130th with $13.9B. By GDP 5-years average growth and GDP per capita, Turkey and Madagascar ranked 36th vs 55th and 78th vs 190th, respectively.

Gross Domestic Product & Income

StatMadagascarTurkey
GDP$13.9B$771.4B
GDP growth, 1 year5.2%2.6%
GDP growth, 5-years average4%4.9%
Population25.6M82M
GDP per capita$528$9.4k
GDP per capita growth1.81%1.31%
Purchasing Power Parity conversion factor929.91.61
Price level ratio of PPP conversion factor GDP to market exchange rate0.280.33
GDP per capita, PPP adjusted$1.6k$28k
GNI, Atlas method$13.3B$858.1B
GNI per capita$510$10k
GNI, PPP adjusted$48.2B$2.3T
GNI per capita, PPP adjusted$1.8k$28k

Financial system and Human development

StatMadagascarTurkey
Income Tax Rate20%35%
Corporate Tax Rate20%22%
Inflation, consumer prices7.3%16.3%
Inflation, GDP deflator7.6%16.4%
Unemployment1.7%10.9%
Economic Freedom Index60.564.4
Personal Freedom Index7.296.97
Human Freedom Index6.696.96
Property Rights Index45.657.4
Judical Effectiveness Index39.653.7
Business Freedom Index47.367
Fiscal Health Index90.686.1
Labor Freedom Index44.649.2
Investment Freedom Index5570
Financial Freedom Index5060
Trade Freedom Index73.678
Monetary Freedom Index72.766.1
Government Spending Index91.564.1
Tax Burden Index90.776.7
Government Integrity Index2544.6
Corruption Perceptions Index2541
Life expectancy at birth, years66.377.2
Suicide mortality rate, per 100,000 people3.97.3
Mortality caused by road traffic injury, per 100,000 people28.612.3
Intentional homicides, per 100,000 people7.74.3
International tourism, number of arrivals291k45.8M

Government debt & reserves

StatMadagascarTurkey
Central government debt, % of GDP39.7%29.1%
External debt stocks, % of GNI31.8%59%
External debt stocks$3.7B$445.1B
Short-term debt, % of total reserves15.6%124.1%
Total debt service, % of exports and primary income2.7%36.7%
Adjusted net savings including particulate emission damage, % of GNI7.7%11.4%
Gross savings, % of GDP18.6%27.1%
Gross capital formation, % of GDP19.6%29.6%
Total reserves including gold$1.7B$93B
Foreign direct investment net inflows$612M$13.1B

Exports, imports and economic structure

StatMadagascarTurkey
Exports of goods and services, % of GDP28.7%29.5%
Imports of goods and services, % of GDP33.8%30.6%
Current account balance (balance of payments)$80.1M-$27B
Revenue excluding grants, % of GDP11.4%30.7%
Grants excluding technical cooperation, BoP$373.7M$1.3B
Personal remittances received$425.5M$1.1B
Industry including construction value added, % of GDP23.1%29.5%
Agriculture, forestry and fishing value added, % of GDP23.8%5.8%
Charges for the use of intellectual property, payments BoP$17.1M$726M
Charges for the use of intellectual property, receipts BoP$4.5M$29M
Expense, % of GDP9.8%33.9%
Government Expenditure, % of GDP16.8%34.6%

Compare with countries close by GDP per capita

Madagascar 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
Liberia
$677
4.73M
Uganda
$643
42.9M
DR Congo
$562
86.8M
Sierra Leone
$534
7.56M
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