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Economy of Mexico vs Turkmenistan compared: GDP & Debt

Updated on by Georank

Mexico has a GDP of $1.83T compared to $49.8B for Turkmenistan, ranking 14/197 and 96/197 by economy size, respectively.

Mexico has $1.13T in government debt (61.8% of GDP), compared to $1.87B (3.76% of GDP) in Turkmenistan.

Mexico vs Turkmenistan GDP by year

Mexico
Turkmenistan
1x
Year GDP, current $
Mexico Turkmenistan
2025 $1,832,641,364,776 $49,828,621,356
2024 $1,830,489,311,089 $44,249,447,717
2023 $1,794,410,347,718 $39,020,211,240
2022 $1,466,934,724,243 $37,583,913,148
2021 $1,316,569,466,834 $26,334,182,094
2020 $1,121,064,767,169 $27,350,527,268
2019 $1,304,106,204,006 $29,700,000,000
2018 $1,256,300,182,984 $26,036,313,869
2017 $1,190,721,475,853 $33,352,261,307
2016 $1,112,233,497,453 $33,313,947,368
2015 $1,213,294,467,654 $35,799,714,286
2014 $1,364,507,717,689 $43,524,210,526
2013 $1,327,436,290,439 $39,197,543,860
2012 $1,255,110,424,742 $35,164,210,526
2011 $1,229,013,703,417 $29,233,333,333
2010 $1,105,424,238,652 $22,583,157,895
2009 $943,437,414,951 $20,214,385,965
2008 $1,161,553,459,985 $19,271,523,179
2007 $1,102,355,554,880 $12,664,165,103
2006 $1,020,265,057,882 $10,276,674,365
2005 $917,571,853,437 $8,103,901,996
2004 $819,459,227,375 $6,838,351,088
2003 $765,549,967,889 $5,977,440,583
2002 $810,666,116,402 $4,462,029,109
2001 $796,064,590,549 $3,534,772,732
2000 $742,061,329,749 $2,904,663,311
1999 $631,249,359,702 $2,450,564,100
1998 $557,461,102,631 $2,605,689,134
1997 $523,449,530,464 $2,450,350,625
1996 $432,157,945,024 $2,378,759,975
1995 $380,157,469,867 $2,482,228,440
1994 $553,618,247,901 $2,561,118,608
1993 $530,160,763,663 $3,179,225,949
1992 $363,157,832,924 $3,200,539,816
1991 $313,139,656,146 $3,208,098,919
1990 $261,253,675,693 $3,189,539,641
1989 $221,403,098,267 $3,006,988,217
1988 $181,611,150,497 $3,010,982,414
1987 $147,542,558,209 $2,331,358,820
1986 $134,556,034,673 -
1985 $195,241,069,482 -
1984 $184,230,754,105 -
1983 $156,167,000,433 -
1982 $184,602,611,610 -
1981 $263,797,827,860 -
1980 $205,577,055,466 -
1979 $134,531,900,899 -
1978 $102,648,570,299 -
1977 $81,912,018,784 -
1976 $88,875,923,765 -
1975 $88,000,000,000 -
1974 $72,000,000,000 -
1973 $55,280,000,000 -
1972 $45,200,000,000 -
1971 $39,200,000,000 -
1970 $35,520,000,000 -
1969 $32,480,000,000 -
1968 $29,360,000,000 -
1967 $26,560,000,000 -
1966 $24,320,000,000 -
1965 $21,840,000,000 -
1964 $20,080,000,000 -
1963 $16,960,000,000 -
1962 $15,200,000,000 -
1961 $14,160,000,000 -
1960 $13,040,000,000 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/mexico/turkmenistan | CC BY

GDP per capita in Mexico vs Turkmenistan by year

Mexico
GDP per capita

GDP per capita, PPP
Turkmenistan
GDP per capita

GDP per capita, PPP
1x
Year Current $
Mexico Turkmenistan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $13,889 - $6,540 -
2024 $13,988 $26,185 $5,904 $21,213
2023 $13,831 $25,243 $5,298 $19,829
2022 $11,406 $23,135 $5,198 $18,340
2021 $10,314 $20,783 $3,713 $16,434
2020 $8,841 $19,354 $3,935 $15,091
2019 $10,370 $20,964 $4,365 $15,478
2018 $10,085 $20,921 $3,912 $14,368
2017 $9,649 $20,489 $5,126 $13,278
2016 $9,098 $20,105 $5,238 $12,919
2015 $10,021 $19,071 $5,759 $12,715
2014 $11,391 $18,821 $7,164 $12,477
2013 $11,217 $18,170 $6,600 $11,723
2012 $10,744 $18,005 $6,054 $11,035
2011 $10,664 $17,267 $5,144 $10,283
2010 $9,729 $15,909 $4,059 $8,972
2009 $8,424 $15,191 $3,708 $8,285
2008 $10,524 $15,681 $3,606 $7,916
2007 $10,134 $15,032 $2,415 $6,901
2006 $9,513 $14,540 $1,997 $6,164
2005 $8,672 $13,260 $1,604 $5,489
2004 $7,850 $12,658 $1,379 $4,798
2003 $7,434 $12,066 $1,229 $4,536
2002 $7,983 $11,762 $936 $4,393
2001 $7,953 $11,739 $756 $4,401
2000 $7,524 $11,705 $634 $4,209
1999 $6,500 $11,031 $546 $3,981
1998 $5,833 $10,756 $591 $3,432
1997 $5,567 $10,182 $565 $3,222
1996 $4,674 $9,496 $558 $3,636
1995 $4,184 $8,933 $592 $3,405
1994 $6,202 $9,466 $622 $3,659
1993 $6,048 $9,041 $788 $4,422
1992 $4,221 $9,470 $811 $4,351
1991 $3,709 $9,079 $832 $5,117
1990 $3,154 $8,578 $848 $5,321
1989 $2,725 - $821 -
1988 $2,279 - $846 -
1987 $1,888 - $675 -
1986 $1,757 - - -
1985 $2,602 - - -
1984 $2,506 - - -
1983 $2,170 - - -
1982 $2,621 - - -
1981 $3,829 - - -
1980 $3,055 - - -
1979 $2,049 - - -
1978 $1,604 - - -
1977 $1,315 - - -
1976 $1,465 - - -
1975 $1,492 - - -
1974 $1,256 - - -
1973 $993 - - -
1972 $837 - - -
1971 $748 - - -
1970 $699 - - -
1969 $660 - - -
1968 $616 - - -
1967 $576 - - -
1966 $545 - - -
1965 $506 - - -
1964 $481 - - -
1963 $420 - - -
1962 $388 - - -
1961 $374 - - -
1960 $355 - - -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/mexico/turkmenistan | CC BY

Mexico's GDP per capita is $13,889, ranking 76/197, compared to $6,540 in Turkmenistan, ranking 111/197. Adjusted for purchasing power (GDP per capita PPP), Mexico ranks 80th at $26,185, while Turkmenistan ranks 94th at $21,213.

Economic indicators

Mexico Turkmenistan
Gross domestic product
$1.83T
2025
$49.8B
2025
GDP rank
14/197
2025
96/197
2025
GDP growth
0.56%
2024-2025
6.3%
2024-2025
GDP per capita
$13,889
2025
$6,540
2025
GDP per capita rank
76/197
2025
111/197
2025
GDP per capita, PPP
$26,185
2024
$21,213
2024
GDP per capita PPP rank
80/197
2024
94/197
2024
Government debt
$1.13T
2025
$1.87B
2025
Debt-to-GDP ratio
61.8%
2025
3.76%
2025
Government debt per person
$8,577
2025
$246
2025
Government debt per person rank
66/185
2025
180/185
2025
Average annual personal income after taxes
$10,482
2026
$2,520
2026
Market capitalization of domestic companies
$560B
2025
n/a
Number of millionaires
333,000
2026
n/a
Number of billionaires
22
2026
n/a
Income share by richest 10%
33.4%
2024
31.5%
1998
Income share by poorest 10%
2.1%
2024
2.4%
1998
Government expenditure, % of GDP
29.8%
2025
14.1%
2025
Consumer prices inflation
3.81%
2024-2025
2.7%
2024-2025
Central bank interest rate
6.5%
2026
n/a
Unemployment rate
2.54%
2025
4%
2010
Population
133551566
7800189

Spending and national debt comparison by year

Mexico
Spending

Debt
Turkmenistan
Spending

Debt
1x
Year % of GDP
Mexico Turkmenistan
Government spending Government debt Government spending Government debt
2025 29.8% 61.8% 14.1% 3.76%
2024 30.8% 59.1% 14.5% 4.11%
2023 28.6% 52.8% 13.7% 5.46%
2022 28.5% 53.8% 13% 7.14%
2021 26.7% 56.7% 13.4% 12.3%
2020 27.8% 58.5% 13.5% 15.4%
2019 25.3% 51.9% 13.6% 17.7%
2018 25% 52.2% 13.7% 22.5%
2017 25% 52.5% 17.8% 24.7%
2016 26.5% 55% 14.1% 21.1%
2015 26.6% 51% 17.3% 19%
2014 26.9% 47.1% 17% 16%
2013 26.7% 44.1% 16.9% 20.4%
2012 27% 40.8% 14.7% 17.9%
2011 26.6% 41.2% 15.4% 14.8%
2010 26.5% 40.2% 14.6% 7.04%
2009 26.5% 41.7% 14.4% 3.09%
2008 26.5% 40.6% 11.7% 3.56%
2007 22.5% 35.5% 14.4% 3.06%
2006 21.6% 35.8% 16% 4.23%
2005 21.2% 36.8% 21.1% 6.82%
2004 20.5% 38.9% 20.3% 11.4%
2003 21.5% 42.1% 20.8% 16.9%
2002 19.8% 39.9% 19.4% 24.2%
2001 19.5% 37.3% 22.6% 34.1%
2000 19.4% 38.5% 25.9% 55.1%
1999 20.1% 41.7% 20.8% 66.7%
1998 19.5% 39.7% 26.1% 81.6%
1997 20.7% 39.1% 26.9% 64.2%
1996 20.8% 42.5% - -
1995 18.9% 30.7% - -
1994 18.9% 26.8% - -
1993 18.2% 19.2% - -
1992 19% 21.5% - -
1991 20.1% 29.2% - -
1990 22.9% 35.7% - -
1989 19.2% 36% - -
1988 23.6% 36.5% - -
1987 26.7% 52.7% - -
1986 25.1% 47.8% - -
1985 21.4% 30.4% - -
1984 19.8% 25.2% - -
1983 21.6% 25.3% - -
1982 24.7% 29.8% - -
1981 20.1% 41.7% - -
1980 17.5% 31.4% - -
1979 16.5% 35.8% - -
1978 15.7% 39% - -
1977 15.5% 41.5% - -
1976 15.5% 31.3% - -
1975 14.7% 24.4% - -
1974 13.8% 21.7% - -
1973 12.7% 20% - -
1972 11.9% 17.9% - -
1971 10.6% 17% - -
1970 10.9% 17.1% - -
1969 11.8% 10.7% - -
1968 10.9% 7.85% - -
1967 10.4% 8.22% - -
1966 11.6% 5.14% - -
1965 10.7% 9.99% - -
1964 9.21% 6.22% - -
1963 8.51% 4.13% - -
1962 8.26% 4.2% - -
1961 8.01% 4.38% - -
1960 9.5% 4.58% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1995, retrieved 2026-07-08).

GeoRank.org/economy/mexico/turkmenistan | CC BY

In 2025, Mexico's government spending was $547B, accounting for 29.8% of its GDP, while Turkmenistan spent $7.05B, or 14.1% of GDP.

Debt-to-GDP ratio is 61.8% in Mexico and 3.76% in Turkmenistan, ranking 73/185 and 183/185, respectively.

Government deficit by year

Deficit/surplus
Mexico

Turkmenistan
1x
Year Deficit/surplus, % of GDP
Mexico Turkmenistan
2025 -4.86% 0.06%
2024 -5.78% -0.08%
2023 -4.3% 0.11%
2022 -4.32% 3.38%
2021 -3.75% 0.57%
2020 -4.29% -0.16%
2019 -2.27% -0.4%
2018 -2.14% -0.22%
2017 -1.03% -2.84%
2016 -2.68% -2.38%
2015 -3.86% -0.7%
2014 -4.37% 0.89%
2013 -3.56% 1.53%
2012 -3.57% 7.53%
2011 -3.2% 3.84%
2010 -3.8% 2.13%
2009 -3.94% 7.53%
2008 -0.68% 10.7%
2007 -1.46% 4.19%
2006 -1.23% 5.64%
2005 -1.43% 0.86%
2004 -1.35% 1.47%
2003 -2.24% 3.99%
2002 -2.18% 0.19%
2001 -2.57% 0.77%
2000 -2.69% -0.55%
1999 -4.49% 2.48%
1998 -4.49% 1.15%
1997 -3.48% -0.2%
1996 -3.66% -
1995 -2.28% -
1994 -2.25% -
1993 -1.51% -
1992 2.26% -
1991 1.49% -
1990 -3.11% -
1989 -4.75% -
1988 -8.76% -
1987 -11.6% -
1986 -11.2% -
1985 -7.2% -
1984 -5.79% -
1983 -6.03% -
1982 -11.4% -
1981 -4.9% -
1980 -1.75% -
1979 -2.15% -
1978 -1.88% -
1977 -2.43% -
1976 -3.14% -
1975 -2.64% -
1974 -3.33% -
1973 -2.75% -
1972 -2.3% -
1971 -1.43% -
1970 -1.71% -
1969 -2.74% -
1968 -2.06% -
1967 -2.12% -
1966 -3.2% -
1965 -2.51% -
1964 -1.44% -
1963 -0.92% -
1962 -0.79% -
1961 -0.88% -
1960 -1.36% -
1959 -0.73% -
1958 0.24% -
1957 -0.03% -
1956 0.52% -
1955 0.6% -
1954 -0.94% -
1953 -0.58% -
1952 0.42% -
1951 -0.26% -
1950 -0.2% -
1949 0.44% -
1948 -1.55% -
1947 -0.93% -
1946 0.66% -
1945 -1.11% -
1944 -1.12% -
1943 0.05% -
1942 -0.93% -
1941 -0.26% -
1940 -0.4% -
1939 -0.06% -
1938 -0.91% -
1937 -0.41% -
1936 -0.39% -
1935 0.26% -
1934 0.72% -
1933 -0.58% -
1932 0% -
1931 0.71% -
1930 0.21% -
1929 0.95% -
1928 0.24% -
1927 -0.3% -
1926 -0.29% -
1925 0.46% -
1924 1.34% -
1923 1.02% -
1922 1.13% -
1921 0.64% -
1920 0.91% -
1919 0.41% -
1918 -0.19% -
1917 0.63% -
1916 - -
1915 - -
1914 - -
1913 0.28% -
1912 -0.79% -
1911 -0.31% -
1910 0.1% -
1909 0.15% -
1908 -0.08% -
1907 0.43% -
1906 0.72% -
1905 0.35% -
1904 1.09% -
1903 3.82% -
1902 0.42% -
1901 0.62% -
1900 0.76% -

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1900–1989, retrieved 2026-07-08); International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

GeoRank.org/economy/mexico/turkmenistan | CC BY

In 2025, Mexico's government deficit, the difference between spending and revenue, was $89B, equivalent to 4.86% of GDP. This compares to Turkmenistan's surplus of $31.4M, or 0.06% of GDP.

Over the past 29 years, Mexico recorded a fiscal deficit in 29 of those years, while Turkmenistan ran a deficit in 9 years. On average, Mexico posted an annual deficit equal to 3.1% of GDP, compared to surplus of 1.78% of GDP for Turkmenistan.

Inflation comparison by year

Inflation
Mexico

Turkmenistan
1x
Year Consumer prices inflation
Mexico Turkmenistan
2025 3.81% 2.7%
2024 4.72% 4.6%
2023 5.53% -1.6%
2022 7.9% 11.2%
2021 5.69% 19.5%
2020 3.4% 6.1%
2019 3.64% 5.1%
2018 4.9% 13.3%
2017 6.04% 8%
2016 2.82% 3.6%
2015 2.72% 7.4%
2014 4.02% 6%
2013 3.81% 6.8%
2012 4.11% 5.3%
2011 3.41% 5.3%
2010 4.16% 4.4%
2009 5.3% -2.7%
2008 5.12% 14.5%
2007 3.97% 6.3%
2006 3.63% 8.2%
2005 3.99% 10.7%
2004 4.69% 5.9%
2003 4.55% 5.6%
2002 5.03% 8.8%
2001 6.37% 11.6%
2000 9.49% 8%
1999 16.6% 23.5%
1998 15.9% 16.8%
1997 20.6% 83.7%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08); World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

GeoRank.org/economy/mexico/turkmenistan | CC BY

Over the past 29 years, Mexico has recorded an average annual inflation rate of 6.07%, compared with 10.6% in Turkmenistan. In 2025, inflation was 3.81% in Mexico and 2.7% in Turkmenistan.

Top exports between countries

Mexico
Export category Export value
Turkmenistan
Export category Export value
Raw materials & minerals $30.6M
Miscellaneous $5K

Balance of trade

Mexico Turkmenistan
Current account balance
-$8.2B
2025
n/a
Current account balance ranking
171/190
2025
n/a
Current account balance, % of GDP
-0.45%
2025
n/a
Goods imports
$665B
2025
n/a
Goods exports
$666B
2025
n/a
Service imports
$75.4B
2025
n/a
Service exports
$64B
2025
n/a
Imports of goods and services, % of GDP
40.3%
2025
13.7%
2025
Exports of goods and services, % of GDP
39.6%
2025
14.5%
2025

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Mexico Turkmenistan
Economic freedom 59.8 47
Economic freedom ranking 102/197 177/197
Property rights 37.6 17.4
Government integrity 28.8 8.4
Judicial effectiveness 40.4 12.3
Tax burden 75.4 94.2
Government spending 74.6 94.3
Fiscal health 56.7 99.9
Business freedom 67 37.5
Labor freedom 57.3 29.3
Monetary freedom 70.6 76.7
Trade freedom 74.2 74.2
Investment freedom 75 10
Financial freedom 60 10

Economic freedom comparison by year

Mexico
Turkmenistan
1x
Year Economic freedom index
Mexico Turkmenistan
2026 59.8 47
2025 61.3 47.1
2024 62 46.3
2023 63.2 46.5
2022 63.7 46.2
2021 65.5 47.4
2020 66 46.5
2019 64.7 48.4
2018 64.8 47.1
2017 63.6 47.4
2016 65.2 41.9
2015 66.4 41.4
2014 66.8 42.2
2013 67 42.6
2012 65.3 43.8
2011 67.8 43.6
2010 68.3 42.5
2009 65.8 44.2
2008 66.2 43.4
2007 66 43
2006 64.7 43.8
2005 65.2 47.6
2004 66 50.7
2003 65.3 51.3
2002 63 43.2
2001 60.6 41.8
2000 59.3 37.6
1999 58.5 36.1
1998 57.9 35
1997 57.1 -
1996 61.2 -
1995 63.1 -

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

GeoRank.org/economy/mexico/turkmenistan | CC BY

The Economic Freedom Index for Mexico is 59.8, ranking 102/197, compared to 47 for Turkmenistan, ranking 177/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Mexico Turkmenistan
Services, % of GDP
58.9%
2025
48.9%
2025
Industry, % of GDP
30.6%
2025
36%
2025
Agriculture, forestry, and fishing, % of GDP
3.88%
2025
12.4%
2025
GNI, Atlas method
$1.81T
2025
$48.3B
2025
GNI per capita, PPP
$25,070
2025
$22,830
2025
Total reserves including gold
$256B
2025
$1.51B
1999
Total reserves ranking
17/177
2025
135/177
1999
Net foreign direct investment
-$31.8B
2025
n/a
Net inflows of foreign direct investment
$45.5B
2024
$1.64B
2024
Net outflows of foreign direct investment
$13B
2024
$0
2024
Servicing debt to the IMF, % of GNI
3.77%
2024
2.22%
2024
Poverty at national poverty lines
29.6%
2024
0.2%
2020
Gross capital formation, % of GDP
22.6%
2025
47.2%
2012

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

GeoRank.org/economy/mexico/turkmenistan | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1900–1995, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. TradeMap (2025, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)
  9. Central Intelligence Agency (CIA) (2020, retrieved 2026-07-08)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.