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
| Stat |  Mongolia |  Turkmenistan |
|---|---|---|
| GDP | $13.1B | $40.8B |
| GDP growth, 1 year | 6.9% | 6.2% |
| GDP growth, 5-years average | 4.7% | 7.1% |
| Population | 3.1M | 5.9M |
| GDP per capita | $4.1k | $7k |
| GDP per capita growth | 5.32% | 4.51% |
| Purchasing Power Parity conversion factor | 738.48 | 1.26 |
| Price level ratio of PPP conversion factor GDP to market exchange rate | 0.3 | 0.36 |
| 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
| Stat | Mongolia | Turkmenistan |
|---|---|---|
| Income Tax Rate | 10% | 10% |
| Corporate Tax Rate | 25% | 8% |
| Inflation, consumer prices | 7.7% | 13.6% |
| Inflation, GDP deflator | 8.1% | 1.2% |
| Unemployment | 6.3% | 3.8% |
| Economic Freedom Index | 55.9 | 46.5 |
| Personal Freedom Index | 7.63 | 4.1 |
| Human Freedom Index | 7.17 | 4.1 |
| Property Rights Index | 50.3 | 20.1 |
| Judical Effectiveness Index | 23 | 20 |
| Business Freedom Index | 63.6 | 30 |
| Fiscal Health Index | 9.3 | 94.5 |
| Labor Freedom Index | 75.7 | 20 |
| Investment Freedom Index | 50 | 10 |
| Financial Freedom Index | 60 | 10 |
| Trade Freedom Index | 74 | 74.2 |
| Monetary Freedom Index | 74.2 | 68.7 |
| Government Spending Index | 66.6 | 93.1 |
| Tax Burden Index | 87.4 | 95.9 |
| Government Integrity Index | 36.9 | 21.4 |
| Corruption Perceptions Index | 37 | 20 |
| Life expectancy at birth, years | 69.5 | 68 |
| Suicide mortality rate, per 100,000 people | 13 | 6.7 |
| Mortality caused by road traffic injury, per 100,000 people | 16.5 | 14.5 |
| Intentional homicides, per 100,000 people | 6.2 | 4.2 |
| International tourism, number of arrivals | 529k | 8.2k |
Government debt & reserves
| Stat | Mongolia | Turkmenistan |
|---|---|---|
| Central government debt, % of GDP | 73.3% | 29.3% |
| External debt stocks, % of GNI | 253.9% | 2.3% |
| External debt stocks | $29.4B | $907.3M |
| Short-term debt, % of total reserves | 87.3% | 20.6% |
| Total debt service, % of exports and primary income | 101.6% | 22.1% |
| Adjusted net savings including particulate emission damage, % of GNI | -10.3% | N/A |
| Gross savings, % of GDP | 30.3% | N/A |
| Gross capital formation, % of GDP | 43.1% | 47.2% |
| Total reserves including gold | $3.5B | $1.5B |
| Foreign direct investment net inflows | $2B | $2B |
Exports, imports and economic structure
| Stat | Mongolia | Turkmenistan |
|---|---|---|
| Exports of goods and services, % of GDP | 58.7% | 22.7% |
| Imports of goods and services, % of GDP | 64.2% | 12.5% |
| Current account balance (balance of payments) | -$1.9B | N/A |
| Revenue excluding grants, % of GDP | 24.9% | N/A |
| Grants excluding technical cooperation, BoP | $115.6M | $14.5M |
| Personal remittances received | $440.6M | $1.6M |
| Industry including construction value added, % of GDP | 38.7% | 57% |
| Agriculture, forestry and fishing value added, % of GDP | 10.8% | 9.3% |
| Charges for the use of intellectual property, payments BoP | $16.1M | N/A |
| Charges for the use of intellectual property, receipts BoP | $1.4M | N/A |
| Expense, % of GDP | 23.8% | N/A |
| Government Expenditure, % of GDP | 33.4% | 15.1% |
