Panama vs Turkmenistan: Economic Indicators Comparison

Panama with a GDP of $65.1B ranked the 75th largest economy in the world, while Turkmenistan ranked 93rd with $40.8B. By GDP 5-years average growth and GDP per capita, Panama and Turkmenistan ranked 33rd vs 9th and 61st vs 92nd, respectively.

Gross Domestic Product & Income

StatPanamaTurkmenistan
GDP$65.1B$40.8B
GDP growth, 1 year3.9%6.2%
GDP growth, 5-years average5%7.1%
Population4.1M5.9M
GDP per capita$16k$7k
GDP per capita growth1.94%4.51%
Purchasing Power Parity conversion factor0.611.26
Price level ratio of PPP conversion factor GDP to market exchange rate0.610.36
GDP per capita, PPP adjusted$26k$20k
GNI, Atlas method$60B$39.4B
GNI per capita$14k$6.7k
GNI, PPP adjusted$98.4B$108.2B
GNI per capita, PPP adjusted$24k$18k

Financial system and Human development

StatPanamaTurkmenistan
Income Tax Rate25%10%
Corporate Tax Rate25%8%
Inflation, consumer prices0.8%13.6%
Inflation, GDP deflator0.7%1.2%
Unemployment3.9%3.8%
Economic Freedom Index67.246.5
Personal Freedom Index7.734.1
Human Freedom Index7.534.1
Property Rights Index58.820.1
Judical Effectiveness Index3020
Business Freedom Index70.830
Fiscal Health Index91.294.5
Labor Freedom Index43.320
Investment Freedom Index7510
Financial Freedom Index7010
Trade Freedom Index79.274.2
Monetary Freedom Index79.468.7
Government Spending Index85.793.1
Tax Burden Index85.395.9
Government Integrity Index37.221.4
Corruption Perceptions Index3720
Life expectancy at birth, years78.168
Suicide mortality rate, per 100,000 people4.36.7
Mortality caused by road traffic injury, per 100,000 people14.314.5
Intentional homicides, per 100,000 people9.74.2
International tourism, number of arrivals1.8M8.2k

Government debt & reserves

StatPanamaTurkmenistan
Central government debt, % of GDP39.4%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 GNI25.3%N/A
Gross savings, % of GDP29.1%N/A
Gross capital formation, % of GDP41.7%47.2%
Total reserves including gold$2.1B$1.5B
Foreign direct investment net inflows$5.9B$2B

Exports, imports and economic structure

StatPanamaTurkmenistan
Exports of goods and services, % of GDP42.3%22.7%
Imports of goods and services, % of GDP45.3%12.5%
Current account balance (balance of payments)-$6.8BN/A
Revenue excluding grants, % of GDPN/AN/A
Grants excluding technical cooperation, BoP$22.3M$14.5M
Personal remittances received$537.9M$1.6M
Industry including construction value added, % of GDP29.2%57%
Agriculture, forestry and fishing value added, % of GDP2.2%9.3%
Charges for the use of intellectual property, payments BoP$39.4MN/A
Charges for the use of intellectual property, receipts BoP$21.7MN/A
Expense, % of GDPN/AN/A
Government Expenditure, % of GDP21.8%15.1%

Compare with countries close by GDP per capita

Panama vs

CountryGDP
per capita
Population
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
Palau
$16k
21.7k
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
China
$9.8k
1.41B

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