Mongolia vs Turkey: Economic Indicators Comparison

Turkey with a GDP of $771.4B ranked the 19th largest economy in the world, while Mongolia ranked 134th with $13.1B. By GDP 5-years average growth and GDP per capita, Turkey and Mongolia ranked 36th vs 39th and 78th vs 118th, respectively.

Gross Domestic Product & Income

StatMongoliaTurkey
GDP$13.1B$771.4B
GDP growth, 1 year6.9%2.6%
GDP growth, 5-years average4.7%4.9%
Population3.1M82M
GDP per capita$4.1k$9.4k
GDP per capita growth5.32%1.31%
Purchasing Power Parity conversion factor738.481.61
Price level ratio of PPP conversion factor GDP to market exchange rate0.30.33
GDP per capita, PPP adjusted$13k$28k
GNI, Atlas method$11.6B$858.1B
GNI per capita$3.7k$10k
GNI, PPP adjusted$39.6B$2.3T
GNI per capita, PPP adjusted$13k$28k

Financial system and Human development

StatMongoliaTurkey
Income Tax Rate10%35%
Corporate Tax Rate25%22%
Inflation, consumer prices7.7%16.3%
Inflation, GDP deflator8.1%16.4%
Unemployment6.3%10.9%
Economic Freedom Index55.964.4
Personal Freedom Index7.636.97
Human Freedom Index7.176.96
Property Rights Index50.357.4
Judical Effectiveness Index2353.7
Business Freedom Index63.667
Fiscal Health Index9.386.1
Labor Freedom Index75.749.2
Investment Freedom Index5070
Financial Freedom Index6060
Trade Freedom Index7478
Monetary Freedom Index74.266.1
Government Spending Index66.664.1
Tax Burden Index87.476.7
Government Integrity Index36.944.6
Corruption Perceptions Index3741
Life expectancy at birth, years69.577.2
Suicide mortality rate, per 100,000 people137.3
Mortality caused by road traffic injury, per 100,000 people16.512.3
Intentional homicides, per 100,000 people6.24.3
International tourism, number of arrivals529k45.8M

Government debt & reserves

StatMongoliaTurkey
Central government debt, % of GDP73.3%29.1%
External debt stocks, % of GNI253.9%59%
External debt stocks$29.4B$445.1B
Short-term debt, % of total reserves87.3%124.1%
Total debt service, % of exports and primary income101.6%36.7%
Adjusted net savings including particulate emission damage, % of GNI-10.3%11.4%
Gross savings, % of GDP30.3%27.1%
Gross capital formation, % of GDP43.1%29.6%
Total reserves including gold$3.5B$93B
Foreign direct investment net inflows$2B$13.1B

Exports, imports and economic structure

StatMongoliaTurkey
Exports of goods and services, % of GDP58.7%29.5%
Imports of goods and services, % of GDP64.2%30.6%
Current account balance (balance of payments)-$1.9B-$27B
Revenue excluding grants, % of GDP24.9%30.7%
Grants excluding technical cooperation, BoP$115.6M$1.3B
Personal remittances received$440.6M$1.1B
Industry including construction value added, % of GDP38.7%29.5%
Agriculture, forestry and fishing value added, % of GDP10.8%5.8%
Charges for the use of intellectual property, payments BoP$16.1M$726M
Charges for the use of intellectual property, receipts BoP$1.4M$29M
Expense, % of GDP23.8%33.9%
Government Expenditure, % of GDP33.4%34.6%

Compare with countries close by GDP per capita

Mongolia vs

CountryGDP
per capita
Population
Iraq
$5.8k
38.3M
Paraguay
$5.8k
6.81M
Iran
$5.6k
80M
Jamaica
$5.4k
2.89M
Albania
$5.3k
3.02M
Guyana
$5k
778k
Belize
$4.9k
375k
Azerbaijan
$4.7k
10M
Georgia
$4.7k
3.72M
Guatemala
$4.5k
17.3M
Tonga
$4.4k
108k
Jordan
$4.2k
10.4M
Armenia
$4.2k
2.93M
Samoa
$4.2k
196k
Eswatini
$4.1k
1.37M
Algeria
$4.1k
41.3M
Sri Lanka
$4.1k
21.4M
El Salvador
$4.1k
6.42M
Indonesia
$3.9k
264M
Marshall Islands
$3.8k
53.1k
Tuvalu
$3.7k
11.2k
Cape Verde
$3.6k
546k
Bolivia
$3.5k
11.1M
Tunisia
$3.4k
11.6M
Angola
$3.4k
29.8M
Bhutan
$3.2k
808k
Morocco
$3.2k
36M
Moldova
$3.2k
2.55M
Palestine
$3.2k
4.68M
Vanuatu
$3.1k
276k

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