Russia vs Turkey: Economic Indicators Comparison

Russia with a GDP of $1.7T ranked the 11th largest economy in the world, while Turkey ranked 19th with $771.4B. By GDP 5-years average growth and GDP per capita, Russia and Turkey ranked 162nd vs 36th and 68th vs 78th, respectively.

Gross Domestic Product & Income

StatRussiaTurkey
GDP$1.7T$771.4B
GDP growth, 1 year2.3%2.6%
GDP growth, 5-years average0.5%4.9%
Population146.8M82M
GDP per capita$11k$9.4k
GDP per capita growth2.26%1.31%
Purchasing Power Parity conversion factor25.641.61
Price level ratio of PPP conversion factor GDP to market exchange rate0.410.33
GDP per capita, PPP adjusted$29k$28k
GNI, Atlas method$1.5T$858.1B
GNI per capita$10k$10k
GNI, PPP adjusted$3.9T$2.3T
GNI per capita, PPP adjusted$26k$28k

Financial system and Human development

StatRussiaTurkey
Income Tax Rate13%35%
Corporate Tax Rate20%22%
Inflation, consumer prices2.9%16.3%
Inflation, GDP deflator10.3%16.4%
Unemployment4.7%10.9%
Economic Freedom Index6164.4
Personal Freedom Index6.566.97
Human Freedom Index6.496.96
Property Rights Index56.857.4
Judical Effectiveness Index44.453.7
Business Freedom Index80.267
Fiscal Health Index98.786.1
Labor Freedom Index52.149.2
Investment Freedom Index3070
Financial Freedom Index3060
Trade Freedom Index77.878
Monetary Freedom Index68.266.1
Government Spending Index63.864.1
Tax Burden Index88.576.7
Government Integrity Index41.344.6
Corruption Perceptions Index2841
Life expectancy at birth, years72.177.2
Suicide mortality rate, per 100,000 people317.3
Mortality caused by road traffic injury, per 100,000 people1812.3
Intentional homicides, per 100,000 people9.24.3
International tourism, number of arrivals24.6M45.8M

Government debt & reserves

StatRussiaTurkey
Central government debt, % of GDP14%29.1%
External debt stocks, % of GNI28.1%59%
External debt stocks$453.9B$445.1B
Short-term debt, % of total reserves10.3%124.1%
Total debt service, % of exports and primary income19.6%36.7%
Adjusted net savings including particulate emission damage, % of GNI8%11.4%
Gross savings, % of GDP30.2%27.1%
Gross capital formation, % of GDP22.7%29.6%
Total reserves including gold$468.6B$93B
Foreign direct investment net inflows$8.8B$13.1B

Exports, imports and economic structure

StatRussiaTurkey
Exports of goods and services, % of GDP30.7%29.5%
Imports of goods and services, % of GDP20.8%30.6%
Current account balance (balance of payments)$113.5B-$27B
Revenue excluding grants, % of GDP27.5%30.7%
Grants excluding technical cooperation, BoP$658.1M$1.3B
Personal remittances received$8.6B$1.1B
Industry including construction value added, % of GDP32.1%29.5%
Agriculture, forestry and fishing value added, % of GDP3.1%5.8%
Charges for the use of intellectual property, payments BoP$6.3B$726M
Charges for the use of intellectual property, receipts BoP$876.1M$29M
Expense, % of GDP28.9%33.9%
Government Expenditure, % of GDP34.7%34.6%

Compare with countries close by GDP per capita

Russia vs

CountryGDP
per capita
Population
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
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
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
Mexico
$9.7k
131M
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

Turkey vs

CountryGDP
per capita
Population
Croatia
$15k
4.11M
Romania
$12k
19.6M
Costa Rica
$12k
4.91M
Argentina
$12k
44.9M
Malaysia
$11k
31.6M
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
Mexico
$9.7k
131M
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
Turkmenistan
$7k
5.85M
Peru
$6.9k
29.4M
Colombia
$6.7k
49.1M