Mongolia vs Turkmenistan: Economic Indicators Comparison

Turkmenistan with a GDP of $40.8B ranked the 93rd largest economy in the world, while Mongolia ranked 134th with $13.1B. By GDP 5-years average growth and GDP per capita, Turkmenistan and Mongolia ranked 9th vs 39th and 92nd vs 118th, respectively.

Gross Domestic Product & Income

StatMongoliaTurkmenistan
GDP$13.1B$40.8B
GDP growth, 1 year6.9%6.2%
GDP growth, 5-years average4.7%7.1%
Population3.1M5.9M
GDP per capita$4.1k$7k
GDP per capita growth5.32%4.51%
Purchasing Power Parity conversion factor738.481.26
Price level ratio of PPP conversion factor GDP to market exchange rate0.30.36
GDP per capita, PPP adjusted$13k$20k
GNI, Atlas method$11.6B$39.4B
GNI per capita$3.7k$6.7k
GNI, PPP adjusted$39.6B$108.2B
GNI per capita, PPP adjusted$13k$18k

Financial system and Human development

StatMongoliaTurkmenistan
Income Tax Rate10%10%
Corporate Tax Rate25%8%
Inflation, consumer prices7.7%13.6%
Inflation, GDP deflator8.1%1.2%
Unemployment6.3%3.8%
Economic Freedom Index55.946.5
Personal Freedom Index7.634.1
Human Freedom Index7.174.1
Property Rights Index50.320.1
Judical Effectiveness Index2320
Business Freedom Index63.630
Fiscal Health Index9.394.5
Labor Freedom Index75.720
Investment Freedom Index5010
Financial Freedom Index6010
Trade Freedom Index7474.2
Monetary Freedom Index74.268.7
Government Spending Index66.693.1
Tax Burden Index87.495.9
Government Integrity Index36.921.4
Corruption Perceptions Index3720
Life expectancy at birth, years69.568
Suicide mortality rate, per 100,000 people136.7
Mortality caused by road traffic injury, per 100,000 people16.514.5
Intentional homicides, per 100,000 people6.24.2
International tourism, number of arrivals529k8.2k

Government debt & reserves

StatMongoliaTurkmenistan
Central government debt, % of GDP73.3%29.3%
External debt stocks, % of GNI253.9%2.3%
External debt stocks$29.4B$907.3M
Short-term debt, % of total reserves87.3%20.6%
Total debt service, % of exports and primary income101.6%22.1%
Adjusted net savings including particulate emission damage, % of GNI-10.3%N/A
Gross savings, % of GDP30.3%N/A
Gross capital formation, % of GDP43.1%47.2%
Total reserves including gold$3.5B$1.5B
Foreign direct investment net inflows$2B$2B

Exports, imports and economic structure

StatMongoliaTurkmenistan
Exports of goods and services, % of GDP58.7%22.7%
Imports of goods and services, % of GDP64.2%12.5%
Current account balance (balance of payments)-$1.9BN/A
Revenue excluding grants, % of GDP24.9%N/A
Grants excluding technical cooperation, BoP$115.6M$14.5M
Personal remittances received$440.6M$1.6M
Industry including construction value added, % of GDP38.7%57%
Agriculture, forestry and fishing value added, % of GDP10.8%9.3%
Charges for the use of intellectual property, payments BoP$16.1MN/A
Charges for the use of intellectual property, receipts BoP$1.4MN/A
Expense, % of GDP23.8%N/A
Government Expenditure, % of GDP33.4%15.1%

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

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