Trinidad and Tobago vs Turkmenistan: Economic Indicators Comparison
Turkmenistan with a GDP of $40.8B ranked the 93rd largest economy in the world, while Trinidad and Tobago ranked 113th with $23.8B. By GDP 5-years average growth and GDP per capita, Turkmenistan and Trinidad and Tobago ranked 9th vs 175th and 92nd vs 53rd, respectively.
Gross Domestic Product & Income
| Stat |  Trinidad and Tobago |  Turkmenistan |
|---|---|---|
| GDP | $23.8B | $40.8B |
| GDP growth, 1 year | 0.3% | 6.2% |
| GDP growth, 5-years average | -1.5% | 7.1% |
| Population | 1.4M | 5.9M |
| GDP per capita | $17k | $7k |
| GDP per capita growth | -0.66% | 4.51% |
| Purchasing Power Parity conversion factor | 3.62 | 1.26 |
| Price level ratio of PPP conversion factor GDP to market exchange rate | 0.54 | 0.36 |
| GDP per capita, PPP adjusted | $32k | $20k |
| GNI, Atlas method | $22.2B | $39.4B |
| GNI per capita | $16k | $6.7k |
| GNI, PPP adjusted | $43.1B | $108.2B |
| GNI per capita, PPP adjusted | $31k | $18k |
Financial system and Human development
| Stat | Trinidad and Tobago | Turkmenistan |
|---|---|---|
| Income Tax Rate | 25% | 10% |
| Corporate Tax Rate | 25% | 8% |
| Inflation, consumer prices | 1.1% | 13.6% |
| Inflation, GDP deflator | 6.1% | 1.2% |
| Unemployment | 2.8% | 3.8% |
| Economic Freedom Index | 58.3 | 46.5 |
| Personal Freedom Index | 6.88 | 4.1 |
| Human Freedom Index | 6.81 | 4.1 |
| Property Rights Index | 56.6 | 20.1 |
| Judical Effectiveness Index | 42.1 | 20 |
| Business Freedom Index | 67.3 | 30 |
| Fiscal Health Index | 15.9 | 94.5 |
| Labor Freedom Index | 76 | 20 |
| Investment Freedom Index | 60 | 10 |
| Financial Freedom Index | 50 | 10 |
| Trade Freedom Index | 67.8 | 74.2 |
| Monetary Freedom Index | 77.4 | 68.7 |
| Government Spending Index | 66.5 | 93.1 |
| Tax Burden Index | 82.6 | 95.9 |
| Government Integrity Index | 37.4 | 21.4 |
| Corruption Perceptions Index | 41 | 20 |
| Life expectancy at birth, years | 73.2 | 68 |
| Suicide mortality rate, per 100,000 people | 13.6 | 6.7 |
| Mortality caused by road traffic injury, per 100,000 people | 12.1 | 14.5 |
| Intentional homicides, per 100,000 people | 30.9 | 4.2 |
| International tourism, number of arrivals | 375k | 8.2k |
Government debt & reserves
| Stat | Trinidad and Tobago | Turkmenistan |
|---|---|---|
| Central government debt, % of GDP | 45.3% | 29.3% |
| External debt stocks, % of GNI | N/A | 2.3% |
| External debt stocks | N/A | $907.3M |
| Short-term debt, % of total reserves | N/A | 20.6% |
| Total debt service, % of exports and primary income | N/A | 22.1% |
| Adjusted net savings including particulate emission damage, % of GNI | N/A | N/A |
| Gross savings, % of GDP | N/A | N/A |
| Gross capital formation, % of GDP | N/A | 47.2% |
| Total reserves including gold | $8.1B | $1.5B |
| Foreign direct investment net inflows | -$602.5M | $2B |
Exports, imports and economic structure
| Stat | Trinidad and Tobago | Turkmenistan |
|---|---|---|
| Exports of goods and services, % of GDP | N/A | 22.7% |
| Imports of goods and services, % of GDP | N/A | 12.5% |
| Current account balance (balance of payments) | $1.2B | N/A |
| Revenue excluding grants, % of GDP | 38.4% | N/A |
| Grants excluding technical cooperation, BoP | $2.4M | $14.5M |
| Personal remittances received | $138.7M | $1.6M |
| Industry including construction value added, % of GDP | 42% | 57% |
| Agriculture, forestry and fishing value added, % of GDP | 1% | 9.3% |
| Charges for the use of intellectual property, payments BoP | $63.9M | N/A |
| Charges for the use of intellectual property, receipts BoP | $882k | N/A |
| Expense, % of GDP | 35.9% | N/A |
| Government Expenditure, % of GDP | 33.4% | 15.1% |
