Madagascar vs Turkmenistan: Economic Indicators Comparison

Turkmenistan with a GDP of $40.8B ranked the 93rd largest economy in the world, while Madagascar ranked 130th with $13.9B. By GDP 5-years average growth and GDP per capita, Turkmenistan and Madagascar ranked 9th vs 55th and 92nd vs 190th, respectively.

Gross Domestic Product & Income

StatMadagascarTurkmenistan
GDP$13.9B$40.8B
GDP growth, 1 year5.2%6.2%
GDP growth, 5-years average4%7.1%
Population25.6M5.9M
GDP per capita$528$7k
GDP per capita growth1.81%4.51%
Purchasing Power Parity conversion factor929.91.26
Price level ratio of PPP conversion factor GDP to market exchange rate0.280.36
GDP per capita, PPP adjusted$1.6k$20k
GNI, Atlas method$13.3B$39.4B
GNI per capita$510$6.7k
GNI, PPP adjusted$48.2B$108.2B
GNI per capita, PPP adjusted$1.8k$18k

Financial system and Human development

StatMadagascarTurkmenistan
Income Tax Rate20%10%
Corporate Tax Rate20%8%
Inflation, consumer prices7.3%13.6%
Inflation, GDP deflator7.6%1.2%
Unemployment1.7%3.8%
Economic Freedom Index60.546.5
Personal Freedom Index7.294.1
Human Freedom Index6.694.1
Property Rights Index45.620.1
Judical Effectiveness Index39.620
Business Freedom Index47.330
Fiscal Health Index90.694.5
Labor Freedom Index44.620
Investment Freedom Index5510
Financial Freedom Index5010
Trade Freedom Index73.674.2
Monetary Freedom Index72.768.7
Government Spending Index91.593.1
Tax Burden Index90.795.9
Government Integrity Index2521.4
Corruption Perceptions Index2520
Life expectancy at birth, years66.368
Suicide mortality rate, per 100,000 people3.96.7
Mortality caused by road traffic injury, per 100,000 people28.614.5
Intentional homicides, per 100,000 people7.74.2
International tourism, number of arrivals291k8.2k

Government debt & reserves

StatMadagascarTurkmenistan
Central government debt, % of GDP39.7%29.3%
External debt stocks, % of GNI31.8%2.3%
External debt stocks$3.7B$907.3M
Short-term debt, % of total reserves15.6%20.6%
Total debt service, % of exports and primary income2.7%22.1%
Adjusted net savings including particulate emission damage, % of GNI7.7%N/A
Gross savings, % of GDP18.6%N/A
Gross capital formation, % of GDP19.6%47.2%
Total reserves including gold$1.7B$1.5B
Foreign direct investment net inflows$612M$2B

Exports, imports and economic structure

StatMadagascarTurkmenistan
Exports of goods and services, % of GDP28.7%22.7%
Imports of goods and services, % of GDP33.8%12.5%
Current account balance (balance of payments)$80.1MN/A
Revenue excluding grants, % of GDP11.4%N/A
Grants excluding technical cooperation, BoP$373.7M$14.5M
Personal remittances received$425.5M$1.6M
Industry including construction value added, % of GDP23.1%57%
Agriculture, forestry and fishing value added, % of GDP23.8%9.3%
Charges for the use of intellectual property, payments BoP$17.1MN/A
Charges for the use of intellectual property, receipts BoP$4.5MN/A
Expense, % of GDP9.8%N/A
Government Expenditure, % of GDP16.8%15.1%

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

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