Nicaragua vs Turkmenistan: Economic Indicators Comparison

Turkmenistan with a GDP of $40.8B ranked the 93rd largest economy in the world, while Nicaragua ranked 133rd with $13.1B. By GDP 5-years average growth and GDP per capita, Turkmenistan and Nicaragua ranked 9th vs 91st and 92nd vs 148th, respectively.

Gross Domestic Product & Income

StatNicaraguaTurkmenistan
GDP$13.1B$40.8B
GDP growth, 1 year-4%6.2%
GDP growth, 5-years average3%7.1%
Population6.2M5.9M
GDP per capita$2k$7k
GDP per capita growth-5.02%4.51%
Purchasing Power Parity conversion factor11.571.26
Price level ratio of PPP conversion factor GDP to market exchange rate0.370.36
GDP per capita, PPP adjusted$5.7k$20k
GNI, Atlas method$13.1B$39.4B
GNI per capita$2k$6.7k
GNI, PPP adjusted$34.9B$108.2B
GNI per capita, PPP adjusted$5.4k$18k

Financial system and Human development

StatNicaraguaTurkmenistan
Income Tax Rate30%10%
Corporate Tax Rate30%8%
Inflation, consumer prices5%13.6%
Inflation, GDP deflator3.4%1.2%
Unemployment4.5%3.8%
Economic Freedom Index57.246.5
Personal Freedom Index7.414.1
Human Freedom Index7.224.1
Property Rights Index33.520.1
Judical Effectiveness Index19.520
Business Freedom Index55.130
Fiscal Health Index87.294.5
Labor Freedom Index55.520
Investment Freedom Index6010
Financial Freedom Index5010
Trade Freedom Index75.474.2
Monetary Freedom Index71.568.7
Government Spending Index77.593.1
Tax Burden Index76.395.9
Government Integrity Index24.321.4
Corruption Perceptions Index2520
Life expectancy at birth, years74.168
Suicide mortality rate, per 100,000 people12.26.7
Mortality caused by road traffic injury, per 100,000 people15.314.5
Intentional homicides, per 100,000 people7.44.2
International tourism, number of arrivals1.3M8.2k

Government debt & reserves

StatNicaraguaTurkmenistan
Central government debt, % of GDP37.2%29.3%
External debt stocks, % of GNI90.7%2.3%
External debt stocks$11.6B$907.3M
Short-term debt, % of total reserves60.3%20.6%
Total debt service, % of exports and primary income19%22.1%
Adjusted net savings including particulate emission damage, % of GNI14.4%N/A
Gross savings, % of GDP23.6%N/A
Gross capital formation, % of GDP22.9%47.2%
Total reserves including gold$2.3B$1.5B
Foreign direct investment net inflows$359.2M$2B

Exports, imports and economic structure

StatNicaraguaTurkmenistan
Exports of goods and services, % of GDP42%22.7%
Imports of goods and services, % of GDP51.3%12.5%
Current account balance (balance of payments)$83MN/A
Revenue excluding grants, % of GDP16.8%N/A
Grants excluding technical cooperation, BoP$162.6M$14.5M
Personal remittances received$1.5B$1.6M
Industry including construction value added, % of GDP25.8%57%
Agriculture, forestry and fishing value added, % of GDP15.5%9.3%
Charges for the use of intellectual property, payments BoP$1.9MN/A
Charges for the use of intellectual property, receipts BoPN/AN/A
Expense, % of GDP16.7%N/A
Government Expenditure, % of GDP27.4%15.1%

Compare with countries close by GDP per capita

Nicaragua vs

CountryGDP
per capita
Population
Vanuatu
$3.1k
276k
Philippines
$3.1k
105M
Ukraine
$3.1k
42.6M
Djibouti
$3.1k
957k
Papua New Guinea
$2.7k
8.25M
Vietnam
$2.6k
94.7M
Egypt
$2.5k
94.8M
Laos
$2.5k
6.86M
Honduras
$2.5k
9.27M
Ghana
$2.2k
26.9M
Congo
$2.1k
5.26M
Zimbabwe
$2.1k
16.5M
Solomon Islands
$2.1k
611k
East Timor
$2k
1.3M
Syria
$2k
18.3M
Nigeria
$2k
191M
India
$2k
1.33B
Sao Tome and Principe
$2k
204k
Ivory Coast
$1.7k
24.3M
Kenya
$1.7k
48.5M
North Korea
$1.7k
25.5M
Bangladesh
$1.7k
165M
Kiribati
$1.6k
116k
Zambia
$1.5k
17.1M
Cameroon
$1.5k
24.1M
Uzbekistan
$1.5k
32.4M
Senegal
$1.5k
15.9M
Cambodia
$1.5k
16M
Pakistan
$1.5k
197M
Comoros
$1.4k
824k

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