Skip to content

Economy of Romania vs Turkmenistan compared: GDP & Debt

Updated on by Georank team

Romania has a GDP of $383B compared to $51.4B for Turkmenistan, ranking 42/197 and 92/197 by economy size, respectively.

Romania has $220B in government debt (57.4% of GDP), compared to $2.11B (4.11% of GDP) in Turkmenistan.

Romania vs Turkmenistan GDP by year

Romania
Turkmenistan
1x
Year GDP, current $
Romania Turkmenistan
2024 $382,564,217,989 $51,387,209,872
2023 $347,757,995,759 $45,894,538,666
2022 $295,319,437,557 $42,208,726,138
2021 $285,071,280,114 $40,589,905,812
2020 $250,625,048,304 $41,509,903,182
2019 $250,080,428,512 $40,810,067,975
2018 $241,791,427,224 $40,765,428,571
2017 $210,147,385,855 $37,926,285,714
2016 $185,290,759,249 $36,169,428,571
2015 $177,885,131,240 $35,799,714,286
2014 $199,722,319,676 $43,524,210,526
2013 $189,798,603,751 $39,197,543,860
2012 $179,117,323,107 $35,164,210,526
2011 $192,623,977,894 $29,233,333,333
2010 $170,064,350,672 $22,583,157,895
2009 $174,110,532,659 $20,214,385,965
2008 $214,315,932,061 $19,271,523,179
2007 $174,588,782,939 $12,664,165,103
2006 $122,023,735,993 $10,276,674,365
2005 $98,454,380,120 $8,103,901,996
2004 $74,973,656,852 $6,838,351,088
2003 $57,806,384,143 $5,977,440,583
2002 $46,065,502,703 $4,462,029,109
2001 $40,395,116,581 $3,534,772,732
2000 $37,253,739,511 $2,904,663,311
1999 $35,953,156,754 $2,450,564,100
1998 $41,696,091,974 $2,605,689,134
1997 $35,575,214,078 $2,450,350,625
1996 $36,937,074,278 $2,378,759,975
1995 $37,430,162,103 $2,482,228,440
1994 $30,072,805,104 $2,561,118,608
1993 $26,361,160,450 $3,179,225,949
1992 $25,121,666,667 $3,200,539,816
1991 $28,850,634,900 $3,208,098,919
1990 $38,247,882,300 $3,189,539,641
1989 $41,450,777,202 $3,006,988,217
1988 $40,424,528,302 $3,010,982,414
1987 $38,067,567,568 $2,331,358,820

Data sources: World Bank | Economy & Growth (1987–2024, retrieved 2026-04-06).

GeoRank.org/economy/romania/turkmenistan | CC BY

GDP per capita in Romania vs Turkmenistan by year

Romania
GDP per capita

GDP per capita, PPP
Turkmenistan
GDP per capita

GDP per capita, PPP
1x
Year Current $
Romania Turkmenistan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $20,080 $49,077 $6,857 $21,213
2023 $18,244 $45,982 $6,232 $19,829
2022 $15,504 $41,979 $5,838 $18,340
2021 $14,908 $37,534 $5,723 $16,434
2020 $13,009 $34,194 $5,973 $15,091
2019 $12,910 $33,425 $5,998 $15,478
2018 $12,416 $29,383 $6,125 $14,368
2017 $10,728 $26,943 $5,828 $13,278
2016 $9,405 $23,905 $5,687 $12,919
2015 $8,977 $21,625 $5,759 $12,715
2014 $10,032 $20,633 $7,164 $12,477
2013 $9,498 $19,678 $6,600 $11,723
2012 $8,930 $19,808 $6,054 $11,035
2011 $9,561 $18,804 $5,144 $10,283
2010 $8,400 $17,355 $4,059 $8,972
2009 $8,548 $16,641 $3,708 $8,285
2008 $10,435 $16,782 $3,606 $7,916
2007 $8,360 $13,703 $2,415 $6,901
2006 $5,758 $11,554 $1,997 $6,164
2005 $4,618 $9,602 $1,604 $5,489
2004 $3,495 $8,989 $1,379 $4,798
2003 $2,679 $7,559 $1,229 $4,536
2002 $2,120 $7,162 $936 $4,393
2001 $1,825 $6,520 $756 $4,401
2000 $1,660 $5,850 $634 $4,209
1999 $1,600 $5,596 $546 $3,981
1998 $1,853 $5,545 $591 $3,432
1997 $1,577 $5,564 $565 $3,222
1996 $1,633 $5,746 $558 $3,636
1995 $1,650 $5,429 $592 $3,405
1994 $1,323 $4,995 $622 $3,659
1993 $1,158 $4,699 $788 $4,422
1992 $1,102 $4,515 $811 $4,351
1991 $1,254 $4,795 $832 $5,117
1990 $1,648 $5,280 $848 $5,321
1989 $1,790 - $821 -
1988 $1,753 - $846 -
1987 $1,659 - $675 -

Data sources: World Bank | Economy & Growth (1987–2024, retrieved 2026-04-06).

GeoRank.org/economy/romania/turkmenistan | CC BY

Romania's GDP per capita is $20,080, ranking 58/197, compared to $6,857 in Turkmenistan, ranking 104/197. Adjusted for purchasing power (GDP per capita PPP), Romania ranks 47th at $49,077, while Turkmenistan ranks 94th at $21,213.

Economic indicators

Romania Turkmenistan
Gross domestic product
$383B
2024
$51.4B
2024
GDP rank
42/197
2024
92/197
2024
GDP growth
0.92%
2023-2024
6.3%
2023-2024
GDP per capita
$20,080
2024
$6,857
2024
GDP per capita rank
58/197
2024
104/197
2024
GDP per capita, PPP
$49,077
2024
$21,213
2024
GDP per capita PPP rank
47/197
2024
94/197
2024
Government debt
$220B
2024
$2.11B
2024
Debt-to-GDP ratio
57.4%
2024
4.11%
2024
Government debt per person
$11,533
2024
$282
2024
Government debt per person rank
48/185
2024
179/185
2024
Average annual personal income after taxes
$13,912
2026
$7,520
2026
Market capitalization of domestic companies
$47.4B
2024
n/a
Number of billionaires
6
2025
n/a
Income share by richest 10%
21.8%
2023
31.5%
1998
Income share by poorest 10%
2.4%
2023
2.4%
1998
Government expenditure, % of GDP
39.9%
2024
14.5%
2024
Consumer prices inflation
5.6%
2023-2024
4.6%
2023-2024
Central bank interest rate
6.5%
2024
n/a
Unemployment rate
5.43%
2024
4%
2010
Population
18839108
7776557

Spending and national debt comparison by year

Romania
Spending

Debt
Turkmenistan
Spending

Debt
1x
Year % of GDP
Romania Turkmenistan
Government spending Government debt Government spending Government debt
2024 39.9% 57.4% 14.5% 4.11%
2023 36.6% 52.1% 13.7% 5.46%
2022 37.4% 51.7% 13% 7.14%
2021 37% 51.5% 13.4% 12.3%
2020 38.1% 49.3% 13.5% 15.4%
2019 33.2% 36.5% 13.6% 17.7%
2018 31.7% 36.2% 13.7% 22.5%
2017 31% 37.1% 17.8% 24.7%
2016 31.8% 39.5% 14.1% 21.1%
2015 34.2% 39.4% 17.3% 19%
2014 33.8% 40.5% 17% 16%
2013 34.2% 39.3% 16.9% 20.4%
2012 33.5% 36.2% 14.7% 17.9%
2011 35% 32.6% 15.4% 14.8%
2010 37.4% 30.2% 14.6% 7.04%
2009 36.3% 22.5% 14.4% 3.09%
2008 35.3% 13% 11.7% 3.56%
2007 34.6% 12.4% 14.4% 3.06%
2006 33.9% 12.7% 16% 4.23%
2005 32.3% 17.8% 21.1% 6.82%
2004 33.7% 21.3% 20.3% 11.4%
2003 31.8% 24.9% 20.8% 16.9%
2002 32.1% 27.4% 19.4% 24.2%
2001 33.2% 27.4% 22.6% 34.1%
2000 35% 29.6% 25.9% 55.1%
1999 35.1% 21.7% 20.8% 66.7%
1998 34.7% 16.5% 26.1% 81.6%
1997 33.5% 15% 26.9% 64.2%
1996 33.5% 11% - -
1995 34.4% 6.91% - -
1994 33.1% - - -
1993 33.5% - - -
1992 41.5% - - -
1991 38.3% - - -
1990 38.4% - - -
1989 40.1% - - -
1988 36.6% - - -
1987 40.7% - - -
1986 42.5% - - -
1985 41.6% - - -
1984 28.6% - - -
1983 25.8% - - -
1982 28.5% - - -
1981 30.4% - - -
1980 33.6% - - -
1979 42% - - -
1978 42.1% - - -
1977 39.9% - - -
1976 37.5% - - -
1975 40.6% - - -
1974 37.6% - - -
1973 32.6% - - -
1972 29.9% - - -
1971 27.2% - - -
1970 28.1% - - -
1969 32.1% - - -
1968 31.8% - - -
1967 30.6% - - -
1966 27.3% - - -
1965 25.6% - - -
1964 25.1% - - -
1963 23.1% - - -
1962 43.4% - - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1962–1999, retrieved 2026-02-20).

GeoRank.org/economy/romania/turkmenistan | CC BY

In 2024, Romania's government spending was $153B, accounting for 39.9% of its GDP, while Turkmenistan spent $7.46B, or 14.5% of GDP.

Debt-to-GDP ratio is 57.4% in Romania and 4.11% in Turkmenistan, ranking 87/185 and 183/185, respectively.

Government deficit by year

Deficit/surplus
Romania

Turkmenistan
1x
Year Deficit/surplus, % of GDP
Romania Turkmenistan
2024 -8.68% -0.08%
2023 -5.61% 0.11%
2022 -5.83% 3.38%
2021 -6.7% 0.57%
2020 -9.54% -0.16%
2019 -4.55% -0.4%
2018 -2.74% -0.22%
2017 -2.86% -2.84%
2016 -2.5% -2.38%
2015 -1.35% -0.7%
2014 -1.76% 0.89%
2013 -2.44% 1.53%
2012 -2.39% 7.53%
2011 -4.14% 3.84%
2010 -6.22% 2.13%
2009 -6.86% 7.53%
2008 -4.6% 10.7%
2007 -3.05% 4.19%
2006 -1.36% 5.64%
2005 -0.69% 0.86%
2004 -3.39% 1.47%
2003 -2.29% 3.99%
2002 -2.59% 0.19%
2001 -3.2% 0.77%
2000 -3.99% -0.55%
1999 -3.58% 2.48%
1998 -5.33% 1.15%
1997 -5.19% -0.2%
1996 -4.74% -
1995 -3.32% -
1994 -2.2% -
1993 -0.35% -
1992 -4.55% -
1991 3.23% -
1990 1.03% -
1989 -2.87% -
1988 8.4% -
1987 2.37% -
1986 5.72% -
1985 6.36% -
1984 15.2% -
1983 9.35% -
1982 0.36% -
1981 0.61% -
1980 -1.95% -
1979 0% -
1978 0% -
1977 0.23% -
1976 0.66% -
1975 0.41% -
1974 0.51% -
1973 1.53% -
1972 1.21% -
1971 0.89% -
1970 0.52% -
1969 0.93% -
1968 1.65% -
1967 1.23% -
1966 0.91% -
1965 -1.29% -
1964 -3.11% -
1963 -1.61% -
1962 -4.86% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1962–1989, retrieved 2026-02-20).

GeoRank.org/economy/romania/turkmenistan | CC BY

In 2024, Romania's government deficit, the difference between spending and revenue, was $33.2B, equivalent to 8.68% of GDP. This compares to Turkmenistan's deficit of $42.9M, or 0.08% of GDP.

Over the past 28 years, Romania recorded a fiscal deficit in 28 of those years, while Turkmenistan ran a deficit in 9 years. On average, Romania posted an annual deficit equal to 4.05% of GDP, compared to surplus of 1.84% of GDP for Turkmenistan.

Inflation comparison by year

Inflation
Romania

Turkmenistan
1x
Year Consumer prices inflation
Romania Turkmenistan
2024 5.6% 4.6%
2023 10.4% -1.6%
2022 13.8% 11.2%
2021 5% 19.5%
2020 2.6% 6.1%
2019 3.8% 5.1%
2018 4.6% 13.3%
2017 1.3% 8%
2016 -1.6% 3.6%
2015 -0.6% 7.4%
2014 1.1% 6%
2013 4% 6.8%
2012 3.3% 5.3%
2011 5.8% 5.3%
2010 6.1% 4.4%
2009 5.6% -2.7%
2008 7.8% 14.5%
2007 4.8% 6.3%
2006 6.6% 8.2%
2005 9% 10.7%
2004 11.9% 5.9%
2003 15.4% 5.6%
2002 22.5% 8.8%
2001 34.5% 11.6%
2000 45.7% 8%
1999 45.8% 23.5%
1998 59.1% 16.8%
1997 154.8% 83.7%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20).

GeoRank.org/economy/romania/turkmenistan | CC BY

Over the past 28 years, Romania has recorded an average annual inflation rate of 17.5%, compared with 10.9% in Turkmenistan. In 2024, inflation was 5.6% in Romania and 4.6% in Turkmenistan.

Top exports between countries

Romania
Export category Export value
Machinery & equipment $2.01M
Chemicals & pharma $495K
Metals $451K
Animal & marine products $65K
Textiles & consumer goods $27K
Miscellaneous $21K
Processed food, beverages & tobacco $16K
Wood & paper products $7K
Raw materials & minerals $5K
Turkmenistan
Export category Export value
Raw materials & minerals $25M
Textiles & consumer goods $251K
Chemicals & pharma $16K
Machinery & equipment $2K

Balance of trade

Romania Turkmenistan
Current account balance
-$31.2B
2024
n/a
Current account balance ranking
185/190
2024
n/a
Current account balance, % of GDP
-8.16%
2024
n/a
Goods imports
$129B
2024
n/a
Goods exports
$93.3B
2024
n/a
Service imports
$30.2B
2024
n/a
Service exports
$42.9B
2024
n/a
Imports of goods and services, % of GDP
41.6%
2024
11.2%
2024
Exports of goods and services, % of GDP
35.6%
2024
17.6%
2024

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Romania Turkmenistan
Economic freedom 65.4 47
Economic freedom ranking 64/197 177/197
Property rights 81 17.4
Government integrity 50 8.4
Judicial effectiveness 67 12.3
Tax burden 89.1 94.2
Government spending 56.7 94.3
Fiscal health 21.4 99.9
Business freedom 74.4 37.5
Labor freedom 63.6 29.3
Monetary freedom 72.7 76.7
Trade freedom 79.4 74.2
Investment freedom 70 10
Financial freedom 60 10

Economic freedom comparison by year

Romania
Turkmenistan
1x
Year Economic freedom index
Romania Turkmenistan
2026 65.4 47
2025 66.5 47.1
2024 64.4 46.3
2023 64.5 46.5
2022 67.1 46.2
2021 69.5 47.4
2020 69.7 46.5
2019 68.6 48.4
2018 69.4 47.1
2017 69.7 47.4
2016 65.6 41.9
2015 66.6 41.4
2014 65.5 42.2
2013 65.1 42.6
2012 64.4 43.8
2011 64.7 43.6
2010 64.2 42.5
2009 63.2 44.2
2008 61.7 43.4
2007 61.2 43
2006 58.2 43.8
2005 52.1 47.6
2004 50 50.7
2003 50.6 51.3
2002 48.7 43.2
2001 50 41.8
2000 52.1 37.6
1999 50.1 36.1
1998 54.4 35
1997 50.8 -
1996 46.2 -
1995 42.9 -

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

GeoRank.org/economy/romania/turkmenistan | CC BY

The Economic Freedom Index for Romania is 65.4, ranking 64/197, compared to 47 for Turkmenistan, ranking 177/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Romania Turkmenistan
Services, % of GDP
62.6%
2024
50.4%
2024
Industry, % of GDP
25.3%
2024
37.5%
2024
Agriculture, forestry, and fishing, % of GDP
2.81%
2024
12.2%
2024
GNI, Atlas method
$335B
2024
$48.8B
2024
GNI per capita, PPP
$47,920
2024
$21,020
2024
Total reserves including gold
$73.4B
2024
$1.51B
1999
Total reserves ranking
35/177
2024
135/177
1999
Net foreign direct investment
-$5.17B
2024
n/a
Net inflows of foreign direct investment
$7.16B
2024
$1.64B
2024
Net outflows of foreign direct investment
$1.99B
2024
$0
2024
Servicing debt to the IMF, % of GNI n/a
1.91%
2024
Poverty at national poverty lines
19%
2023
0.2%
2020
Gross capital formation, % of GDP
25%
2024
47.2%
2012

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/romania/turkmenistan | CC BY

Compare countries by 7 more topics

Help us show the world through your eyes

Share a photo of your city and help others discover what it looks like to live there. Your contribution makes our data come alive.

Data sources:

  1. World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1962–1999, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2020–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)
  9. Central Intelligence Agency (CIA) (2020, retrieved 2026-02-20)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.