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Economy of Saudi Arabia vs Turkmenistan compared: GDP & Debt

Updated on by Georank

Saudi Arabia has a GDP of $1.28T compared to $49.8B for Turkmenistan, ranking 19/197 and 96/197 by economy size, respectively.

Saudi Arabia has $405B in government debt (31.7% of GDP), compared to $1.87B (3.76% of GDP) in Turkmenistan.

Saudi Arabia vs Turkmenistan GDP by year

Saudi Arabia
Turkmenistan
1x
Year GDP, current $
Saudi Arabia Turkmenistan
2025 $1,276,942,933,333 $49,828,621,356
2024 $1,254,140,800,000 $44,249,447,717
2023 $1,218,584,800,000 $39,020,211,240
2022 $1,239,075,200,000 $37,583,913,148
2021 $982,661,066,667 $26,334,182,094
2020 $767,951,200,000 $27,350,527,268
2019 $888,890,133,333 $29,700,000,000
2018 $886,564,800,000 $26,036,313,869
2017 $741,266,133,333 $33,352,261,307
2016 $689,279,466,667 $33,313,947,368
2015 $693,414,400,000 $35,799,714,286
2014 $787,153,066,667 $43,524,210,526
2013 $769,755,733,333 $39,197,543,860
2012 $751,921,333,333 $35,164,210,526
2011 $680,660,800,000 $29,233,333,333
2010 $528,207,466,667 $22,583,157,895
2009 $429,097,866,667 $20,214,385,965
2008 $519,796,800,000 $19,271,523,179
2007 $415,964,509,673 $12,664,165,103
2006 $376,900,133,511 $10,276,674,365
2005 $328,459,608,764 $8,103,901,996
2004 $258,742,133,333 $6,838,351,088
2003 $215,807,733,333 $5,977,440,583
2002 $189,605,866,667 $4,462,029,109
2001 $184,137,600,000 $3,534,772,732
2000 $189,514,933,333 $2,904,663,311
1999 $161,717,066,667 $2,450,564,100
1998 $146,775,466,667 $2,605,689,134
1997 $165,963,684,913 $2,450,350,625
1996 $158,662,483,311 $2,378,759,975
1995 $143,343,124,166 $2,482,228,440
1994 $135,174,899,866 $2,561,118,608
1993 $132,967,957,276 $3,179,225,949
1992 $137,087,850,467 $3,200,539,816
1991 $132,223,230,975 $3,208,098,919
1990 $117,630,173,565 $3,189,539,641
1989 $95,344,459,279 $3,006,988,217
1988 $88,256,074,766 $3,010,982,414
1987 $85,695,861,148 $2,331,358,820
1986 $86,961,922,765 -
1985 $103,897,846,494 -
1984 $119,624,858,116 -
1983 $129,171,635,311 -
1982 $153,240,313,858 -
1981 $184,291,360,139 -
1980 $164,539,660,725 -
1979 $111,858,444,786 -
1978 $80,266,516,687 -
1977 $74,188,986,586 -
1976 $64,005,665,722 -
1975 $46,773,208,643 -
1974 $45,412,957,746 -
1973 $14,947,435,499 -
1972 $9,664,267,087 -
1971 $7,184,806,909 -
1970 $5,377,333,333 -
1969 $4,485,777,644 -
1968 $4,187,777,711 -
1967 $3,257,022,223 -
1966 $2,920,555,557 -
1965 $2,647,955,558 -
1964 $2,371,808,713 -
1963 $2,207,393,172 -
1962 $2,130,606,532 -
1961 $1,920,811,284 -
1960 $1,748,124,064 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/saudi-arabia/turkmenistan | CC BY

GDP per capita in Saudi Arabia vs Turkmenistan by year

Saudi Arabia
GDP per capita

GDP per capita, PPP
Turkmenistan
GDP per capita

GDP per capita, PPP
1x
Year Current $
Saudi Arabia Turkmenistan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $34,537 - $6,540 -
2024 $35,528 $71,375 $5,904 $21,213
2023 $36,157 $71,565 $5,298 $19,829
2022 $38,510 $71,968 $5,198 $18,340
2021 $31,921 $62,690 $3,713 $16,434
2020 $24,339 $47,518 $3,935 $15,091
2019 $29,567 $59,560 $4,365 $15,478
2018 $29,360 $59,378 $3,912 $14,368
2017 $23,929 $53,120 $5,126 $13,278
2016 $22,268 $49,937 $5,238 $12,919
2015 $23,256 $53,931 $5,759 $12,715
2014 $27,805 $62,578 $7,164 $12,477
2013 $27,865 $62,203 $6,600 $11,723
2012 $28,733 $65,034 $6,054 $11,035
2011 $27,127 $64,125 $5,144 $10,283
2010 $22,028 $58,829 $4,059 $8,972
2009 $17,718 $54,787 $3,708 $8,285
2008 $22,320 $57,236 $3,606 $7,916
2007 $18,596 $55,030 $2,415 $6,901
2006 $17,564 $54,639 $1,997 $6,164
2005 $15,976 $53,548 $1,604 $5,489
2004 $13,154 $51,225 $1,379 $4,798
2003 $11,487 $48,078 $1,229 $4,536
2002 $10,586 $45,466 $936 $4,393
2001 $10,805 $47,381 $756 $4,401
2000 $11,715 $48,644 $634 $4,209
1999 $10,452 $47,495 $546 $3,981
1998 $9,836 $48,867 $591 $3,432
1997 $11,545 $48,796 $565 $3,222
1996 $11,472 $48,569 $558 $3,636
1995 $10,786 $48,052 $592 $3,405
1994 $10,602 $48,904 $622 $3,659
1993 $10,885 $49,503 $788 $4,422
1992 $11,730 $50,355 $811 $4,351
1991 $11,847 $49,295 $832 $5,117
1990 $11,055 $46,214 $848 $5,321
1989 $9,414 - $821 -
1988 $9,165 - $846 -
1987 $9,386 - $675 -
1986 $10,078 - - -
1985 $12,745 - - -
1984 $15,541 - - -
1983 $17,810 - - -
1982 $22,454 - - -
1981 $28,703 - - -
1980 $27,206 - - -
1979 $19,612 - - -
1978 $14,914 - - -
1977 $14,595 - - -
1976 $13,313 - - -
1975 $10,266 - - -
1974 $10,503 - - -
1973 $3,640 - - -
1972 $2,474 - - -
1971 $1,929 - - -
1970 $1,509 - - -
1969 $1,313 - - -
1968 $1,276 - - -
1967 $1,032 - - -
1966 $961 - - -
1965 $904 - - -
1964 $840 - - -
1963 $812 - - -
1962 $813 - - -
1961 $760 - - -
1960 $718 - - -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/saudi-arabia/turkmenistan | CC BY

Saudi Arabia's GDP per capita is $34,537, ranking 36/197, compared to $6,540 in Turkmenistan, ranking 111/197. Adjusted for purchasing power (GDP per capita PPP), Saudi Arabia ranks 24th at $71,375, while Turkmenistan ranks 94th at $21,213.

Economic indicators

Saudi Arabia Turkmenistan
Gross domestic product
$1.28T
2025
$49.8B
2025
GDP rank
19/197
2025
96/197
2025
GDP growth
4.5%
2024-2025
6.3%
2024-2025
GDP per capita
$34,537
2025
$6,540
2025
GDP per capita rank
36/197
2025
111/197
2025
GDP per capita, PPP
$71,375
2024
$21,213
2024
GDP per capita PPP rank
24/197
2024
94/197
2024
Government debt
$405B
2025
$1.87B
2025
Debt-to-GDP ratio
31.7%
2025
3.76%
2025
Government debt per person
$10,956
2025
$246
2025
Government debt per person rank
57/185
2025
180/185
2025
Average annual personal income after taxes
$22,010
2026
$2,520
2026
Market capitalization of domestic companies
$2.36T
2025
n/a
Number of millionaires
348,000
2026
n/a
Number of billionaires
15
2026
n/a
Income share by richest 10% n/a
31.5%
1998
Income share by poorest 10% n/a
2.4%
1998
Government expenditure, % of GDP
29%
2025
14.1%
2025
Consumer prices inflation
2.08%
2024-2025
2.7%
2024-2025
Central bank interest rate
4.25%
2025
n/a
Unemployment rate
3.24%
2025
4%
2010
Population
37955120
7800189

Spending and national debt comparison by year

Saudi Arabia
Spending

Debt
Turkmenistan
Spending

Debt
1x
Year % of GDP
Saudi Arabia Turkmenistan
Government spending Government debt Government spending Government debt
2025 29% 31.7% 14.1% 3.76%
2024 29.2% 25.9% 14.5% 4.11%
2023 28.3% 23% 13.7% 5.46%
2022 25.3% 21.3% 13% 7.14%
2021 28.2% 25.5% 13.4% 12.3%
2020 37.4% 29.7% 13.5% 15.4%
2019 31.8% 20.3% 13.6% 17.7%
2018 32.4% 16.8% 13.7% 22.5%
2017 30.9% 15.9% 17.8% 24.7%
2016 33.3% 12.2% 14.1% 21.1%
2015 38.5% 5.47% 17.3% 19%
2014 38.6% 1.5% 17% 16%
2013 34.5% 2.08% 16.9% 20.4%
2012 32.5% 2.97% 14.7% 17.9%
2011 32.4% 5.31% 15.4% 14.8%
2010 33% 8.43% 14.6% 7.04%
2009 37.1% 14% 14.4% 3.09%
2008 26.7% 12.1% 11.7% 3.56%
2007 29.5% 17.1% 14.4% 3.06%
2006 27.3% 25.8% 16% 4.23%
2005 28.2% 37.3% 21.1% 6.82%
2004 31.1% 62.9% 20.3% 11.4%
2003 33.1% 81.6% 20.8% 16.9%
2002 35.9% 96.4% 19.4% 24.2%
2001 36.9% 93.1% 22.6% 34.1%
2000 33.1% 86.7% 25.9% 55.1%
1999 30.3% 103% 20.8% 66.7%
1998 34.5% 101.5% 26.1% 81.6%
1997 35.6% 76.7% 26.9% 64.2%
1996 33.3% 75.2% - -
1995 32.4% 74.2% - -
1994 33.8% 67.9% - -
1993 37.7% 58.6% - -
1992 41.2% 47.8% - -
1991 34.9% 39.4% - -
1990 39.3% - - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

GeoRank.org/economy/saudi-arabia/turkmenistan | CC BY

In 2025, Saudi Arabia's government spending was $370B, accounting for 29% of its GDP, while Turkmenistan spent $7.05B, or 14.1% of GDP.

Debt-to-GDP ratio is 31.7% in Saudi Arabia and 3.76% in Turkmenistan, ranking 151/185 and 183/185, respectively.

Government deficit by year

Deficit/surplus
Saudi Arabia

Turkmenistan
1x
Year Deficit/surplus, % of GDP
Saudi Arabia Turkmenistan
2025 -5.77% 0.06%
2024 -2.46% -0.08%
2023 -1.77% 0.11%
2022 2.24% 3.38%
2021 -1.99% 0.57%
2020 -10.2% -0.16%
2019 -3.96% -0.4%
2018 -5.21% -0.22%
2017 -8.57% -2.84%
2016 -13.2% -2.38%
2015 -14.9% -0.7%
2014 -3.4% 0.89%
2013 5.47% 1.53%
2012 11.7% 7.53%
2011 11.4% 3.84%
2010 4.39% 2.13%
2009 -5.38% 7.53%
2008 29.8% 10.7%
2007 11.8% 4.19%
2006 20.8% 5.64%
2005 18% 0.86%
2004 9.72% 1.47%
2003 1.2% 3.99%
2002 -5.91% 0.19%
2001 -3.91% 0.77%
2000 3.18% -0.55%
1999 -5.99% 2.48%
1998 -8.88% 1.15%
1997 -2.51% -0.2%
1996 -3.25% -
1995 -5.12% -
1994 -8.31% -
1993 -9.33% -
1992 -8.12% -
1991 -3.28% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1991–2025, retrieved 2026-07-08).

GeoRank.org/economy/saudi-arabia/turkmenistan | CC BY

In 2025, Saudi Arabia's government deficit, the difference between spending and revenue, was $73.7B, equivalent to 5.77% of GDP. This compares to Turkmenistan's surplus of $31.4M, or 0.06% of GDP.

Over the past 29 years, Saudi Arabia recorded a fiscal deficit in 17 of those years, while Turkmenistan ran a deficit in 9 years. On average, Saudi Arabia posted an annual surplus equal to 0.88% of GDP, compared to surplus of 1.78% of GDP for Turkmenistan.

Inflation comparison by year

Inflation
Saudi Arabia

Turkmenistan
1x
Year Consumer prices inflation
Saudi Arabia Turkmenistan
2025 2.08% 2.7%
2024 1.69% 4.6%
2023 2.33% -1.6%
2022 2.47% 11.2%
2021 3.06% 19.5%
2020 3.37% 6.1%
2019 -1.19% 5.1%
2018 2.47% 13.3%
2017 -0.83% 8%
2016 2.05% 3.6%
2015 1.22% 7.4%
2014 2.24% 6%
2013 3.51% 6.8%
2012 2.87% 5.3%
2011 5.83% 5.3%
2010 5.34% 4.4%
2009 5.06% -2.7%
2008 9.87% 14.5%
2007 4.17% 6.3%
2006 2.21% 8.2%
2005 0.48% 10.7%
2004 0.52% 5.9%
2003 0.61% 5.6%
2002 0.25% 8.8%
2001 -1.12% 11.6%
2000 -1.12% 8%
1999 -1.33% 23.5%
1998 -0.37% 16.8%
1997 0.06% 83.7%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08); World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

GeoRank.org/economy/saudi-arabia/turkmenistan | CC BY

Over the past 29 years, Saudi Arabia has recorded an average annual inflation rate of 1.99%, compared with 10.6% in Turkmenistan. In 2025, inflation was 2.08% in Saudi Arabia and 2.7% in Turkmenistan.

Top exports between countries

Saudi Arabia
Export category Export value
Machinery & equipment $6.45M
Miscellaneous $1.28M
Chemicals & pharma $309K
Textiles & consumer goods $242K
Raw materials & minerals $30K
Processed food, beverages & tobacco $28K
Metals $23K
Raw agricultural goods $14K
Wood & paper products $1K
Turkmenistan
Export category Export value
Metals $98K
Textiles & consumer goods $67K
Chemicals & pharma $65K
Processed food, beverages & tobacco $59K
Machinery & equipment $5K
Miscellaneous $1K
Raw agricultural goods $1K
Raw materials & minerals $1K

Balance of trade

Saudi Arabia Turkmenistan
Current account balance
-$32.7B
2025
n/a
Current account balance ranking
185/190
2025
n/a
Current account balance, % of GDP
-2.56%
2025
n/a
Goods imports
$230B
2025
n/a
Goods exports
$311B
2025
n/a
Service imports
$129B
2025
n/a
Service exports
$69.4B
2025
n/a
Imports of goods and services, % of GDP
28.2%
2025
13.7%
2025
Exports of goods and services, % of GDP
29.7%
2025
14.5%
2025

Economic freedom indices

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

Saudi Arabia Turkmenistan
Economic freedom 65.4 47
Economic freedom ranking 65/197 177/197
Property rights 51.4 17.4
Government integrity 52.7 8.4
Judicial effectiveness 38.2 12.3
Tax burden 99.2 94.2
Government spending 77 94.3
Fiscal health 97.9 99.9
Business freedom 71.2 37.5
Labor freedom 41.8 29.3
Monetary freedom 81.2 76.7
Trade freedom 73.8 74.2
Investment freedom 50 10
Financial freedom 50 10

Economic freedom comparison by year

Saudi Arabia
Turkmenistan
1x
Year Economic freedom index
Saudi Arabia Turkmenistan
2026 65.4 47
2025 64.4 47.1
2024 61.9 46.3
2023 58.3 46.5
2022 55.5 46.2
2021 66 47.4
2020 62.4 46.5
2019 60.7 48.4
2018 59.6 47.1
2017 64.4 47.4
2016 62.1 41.9
2015 62.1 41.4
2014 62.2 42.2
2013 60.6 42.6
2012 62.5 43.8
2011 66.2 43.6
2010 64.1 42.5
2009 64.3 44.2
2008 62.5 43.4
2007 60.9 43
2006 63 43.8
2005 63 47.6
2004 60.4 50.7
2003 63.2 51.3
2002 65.3 43.2
2001 62.2 41.8
2000 66.5 37.6
1999 65.5 36.1
1998 69.3 35
1997 68.7 -
1996 68.3 -

Data sources: The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-07-08).

GeoRank.org/economy/saudi-arabia/turkmenistan | CC BY

The Economic Freedom Index for Saudi Arabia is 65.4, ranking 65/197, compared to 47 for Turkmenistan, ranking 177/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Saudi Arabia Turkmenistan
Services, % of GDP
48.9%
2025
48.9%
2025
Industry, % of GDP
43%
2025
36%
2025
Agriculture, forestry, and fishing, % of GDP
2.59%
2025
12.4%
2025
GNI, Atlas method
$1.33T
2025
$48.3B
2025
GNI per capita, PPP
$74,400
2025
$22,830
2025
Total reserves including gold
$505B
2025
$1.51B
1999
Total reserves ranking
8/177
2025
135/177
1999
Net foreign direct investment
-$5.6B
2025
n/a
Net inflows of foreign direct investment
$21.3B
2024
$1.64B
2024
Net outflows of foreign direct investment
$27.6B
2024
$0
2024
Servicing debt to the IMF, % of GNI n/a
2.22%
2024
Poverty at national poverty lines n/a
0.2%
2020
Gross capital formation, % of GDP
31.6%
2025
47.2%
2012

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

GeoRank.org/economy/saudi-arabia/turkmenistan | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. TradeMap (2021–2025, retrieved 2026-07-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  7. LivingCost (2026, retrieved 2026-07-08)
  8. Central Intelligence Agency (CIA) (2020, retrieved 2026-07-08)

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.