Palau vs Turkmenistan: Economic Indicators Comparison

Turkmenistan with a GDP of $40.8B ranked the 93rd largest economy in the world, while Palau ranked 192nd with $284M. By GDP per capita, Turkmenistan and Palau ranked 92nd vs 60th, respectively.

Gross Domestic Product & Income

StatPalauTurkmenistan
GDP$284M$40.8B
GDP growth, 1 year1.71%6.2%
GDP growth, 5-years averageN/A7.1%
Population22k5.9M
GDP per capita$16k$7k
GDP per capita growth1.14%4.51%
Purchasing Power Parity conversion factor0.861.26
Price level ratio of PPP conversion factor GDP to market exchange rate0.860.36
GDP per capita, PPP adjusted$19k$20k
GNI, Atlas method$309.4M$39.4B
GNI per capita$17k$6.7k
GNI, PPP adjusted$349.4M$108.2B
GNI per capita, PPP adjusted$20k$18k

Financial system and Human development

StatPalauTurkmenistan
Income Tax RateN/A10%
Corporate Tax RateN/A8%
Inflation, consumer prices1.3%13.6%
Inflation, GDP deflator-2.5%1.2%
Unemployment1.4%3.8%
Economic Freedom Index6246.5
Personal Freedom Index6.44.1
Human Freedom Index6.44.1
Property Rights IndexN/A20.1
Judical Effectiveness IndexN/A20
Business Freedom IndexN/A30
Fiscal Health IndexN/A94.5
Labor Freedom IndexN/A20
Investment Freedom IndexN/A10
Financial Freedom IndexN/A10
Trade Freedom IndexN/A74.2
Monetary Freedom IndexN/A68.7
Government Spending IndexN/A93.1
Tax Burden IndexN/A95.9
Government Integrity IndexN/A21.4
Corruption Perceptions Index4920
Life expectancy at birth, years69.168
Suicide mortality rate, per 100,000 people21.76.7
Mortality caused by road traffic injury, per 100,000 people4.814.5
Intentional homicides, per 100,000 people3.14.2
International tourism, number of arrivals106k8.2k

Government debt & reserves

StatPalauTurkmenistan
Central government debt, % of GDP67.5%29.3%
External debt stocks, % of GNIN/A2.3%
External debt stocksN/A$907.3M
Short-term debt, % of total reservesN/A20.6%
Total debt service, % of exports and primary incomeN/A22.1%
Adjusted net savings including particulate emission damage, % of GNIN/AN/A
Gross savings, % of GDP10.7%N/A
Gross capital formation, % of GDP26.7%47.2%
Total reserves including goldN/A$1.5B
Foreign direct investment net inflows$21.5M$2B

Exports, imports and economic structure

StatPalauTurkmenistan
Exports of goods and services, % of GDP47%22.7%
Imports of goods and services, % of GDP76.3%12.5%
Current account balance (balance of payments)-$51.8MN/A
Revenue excluding grants, % of GDP27.3%N/A
Grants excluding technical cooperation, BoP$81.2M$14.5M
Personal remittances received$2.2M$1.6M
Industry including construction value added, % of GDP8%57%
Agriculture, forestry and fishing value added, % of GDP3.2%9.3%
Charges for the use of intellectual property, payments BoPN/AN/A
Charges for the use of intellectual property, receipts BoPN/AN/A
Expense, % of GDP41.4%N/A
Government Expenditure, % of GDPN/A15.1%

Compare with countries close by GDP per capita

Palau vs

CountryGDP
per capita
Population
Greece
$20k
10.8M
Curacao
$20k
160k
Slovakia
$19k
5.4M
Saint Kitts and Nevis
$19k
55.3k
Lithuania
$19k
2.79M
Barbados
$18k
286k
Latvia
$18k
1.91M
Uruguay
$17k
3.46M
Trinidad and Tobago
$17k
1.37M
Antigua and Barbuda
$17k
102k
Seychelles
$16k
95.8k
Oman
$16k
4.83M
Hungary
$16k
9.94M
Venezuela
$16k
28.5M
Chile
$16k
18.1M
Panama
$16k
4.1M
Poland
$15k
38.4M
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

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