Malawi vs Turkmenistan: Economic Indicators Comparison

Turkmenistan with a GDP of $40.8B ranked the 93rd largest economy in the world, while Malawi ranked 150th with $7.1B. By GDP 5-years average growth and GDP per capita, Turkmenistan and Malawi ranked 9th vs 63rd and 92nd vs 195th, respectively.

Gross Domestic Product & Income

StatMalawiTurkmenistan
GDP$7.1B$40.8B
GDP growth, 1 year3.2%6.2%
GDP growth, 5-years average3.6%7.1%
Population18.6M5.9M
GDP per capita$389$7k
GDP per capita growth0.8%4.51%
Purchasing Power Parity conversion factor217.521.26
Price level ratio of PPP conversion factor GDP to market exchange rate0.30.36
GDP per capita, PPP adjusted$1.2k$20k
GNI, Atlas method$6.5B$39.4B
GNI per capita$360$6.7k
GNI, PPP adjusted$23.7B$108.2B
GNI per capita, PPP adjusted$1.3k$18k

Financial system and Human development

StatMalawiTurkmenistan
Income Tax Rate30%10%
Corporate Tax Rate30%8%
Inflation, consumer prices9.2%13.6%
Inflation, GDP deflator8.6%1.2%
Unemployment5.4%3.8%
Economic Freedom Index52.846.5
Personal Freedom Index7.184.1
Human Freedom Index6.684.1
Property Rights Index43.120.1
Judical Effectiveness Index42.120
Business Freedom Index41.930
Fiscal Health Index23.694.5
Labor Freedom Index62.820
Investment Freedom Index5010
Financial Freedom Index5010
Trade Freedom Index75.474.2
Monetary Freedom Index69.168.7
Government Spending Index71.793.1
Tax Burden Index7995.9
Government Integrity Index24.821.4
Corruption Perceptions Index3220
Life expectancy at birth, years63.368
Suicide mortality rate, per 100,000 people3.76.7
Mortality caused by road traffic injury, per 100,000 people3114.5
Intentional homicides, per 100,000 people1.74.2
International tourism, number of arrivals871k8.2k

Government debt & reserves

StatMalawiTurkmenistan
Central government debt, % of GDP61.3%29.3%
External debt stocks, % of GNI32.2%2.3%
External debt stocks$2.3B$907.3M
Short-term debt, % of total reserves3%20.6%
Total debt service, % of exports and primary income5.7%22.1%
Adjusted net savings including particulate emission damage, % of GNI-16.7%N/A
Gross savings, % of GDP13.2%N/A
Gross capital formation, % of GDP13.4%47.2%
Total reserves including gold$759.6M$1.5B
Foreign direct investment net inflows$102M$2B

Exports, imports and economic structure

StatMalawiTurkmenistan
Exports of goods and services, % of GDP29.2%22.7%
Imports of goods and services, % of GDP36.2%12.5%
Current account balance (balance of payments)-$1.4BN/A
Revenue excluding grants, % of GDP18.1%N/A
Grants excluding technical cooperation, BoP$973.7M$14.5M
Personal remittances received$181.6M$1.6M
Industry including construction value added, % of GDP14.4%57%
Agriculture, forestry and fishing value added, % of GDP26.1%9.3%
Charges for the use of intellectual property, payments BoP$3.2MN/A
Charges for the use of intellectual property, receipts BoPN/AN/A
Expense, % of GDP20.9%N/A
Government Expenditure, % of GDP30.7%15.1%

Compare with countries close by GDP per capita

Malawi vs

CountryGDP
per capita
Population
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
Madagascar
$528
25.6M
Afghanistan
$521
34.9M
Mozambique
$499
29.7M
Central African Republic
$476
4.66M
Niger
$414
21.5M
Somalia
$315
11M
Burundi
$272
10.9M

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