Turkmenistan vs the United Kingdom: Economic Indicators Comparison

The United Kingdom with a GDP of $2.9T ranked the 5th largest economy in the world, while Turkmenistan ranked 93rd with $40.8B. By GDP 5-years average growth and GDP per capita, the United Kingdom and Turkmenistan ranked 126th vs 9th and 23rd vs 92nd, respectively.

Gross Domestic Product & Income

StatTurkmenistanUnited Kingdom
GDP$40.8B$2.9T
GDP growth, 1 year6.2%1.4%
GDP growth, 5-years average7.1%2.1%
Population5.9M66M
GDP per capita$7k$43k
GDP per capita growth4.51%0.73%
Purchasing Power Parity conversion factor1.260.7
Price level ratio of PPP conversion factor GDP to market exchange rate0.360.93
GDP per capita, PPP adjusted$20k$46k
GNI, Atlas method$39.4B$2.8T
GNI per capita$6.7k$42k
GNI, PPP adjusted$108.2B$3T
GNI per capita, PPP adjusted$18k$45k

Financial system and Human development

StatTurkmenistanUnited Kingdom
Income Tax Rate10%45%
Corporate Tax Rate8%20%
Inflation, consumer prices13.6%2.5%
Inflation, GDP deflator1.2%1.9%
Unemployment3.8%4%
Economic Freedom Index46.579.3
Personal Freedom Index4.19.08
Human Freedom Index4.18.55
Property Rights Index20.192.2
Judical Effectiveness Index2082.7
Business Freedom Index3094.7
Fiscal Health Index94.578.1
Labor Freedom Index2073.1
Investment Freedom Index1080
Financial Freedom Index1080
Trade Freedom Index74.286.4
Monetary Freedom Index68.780.3
Government Spending Index93.149.5
Tax Burden Index95.964.7
Government Integrity Index21.489.9
Corruption Perceptions Index2080
Life expectancy at birth, years6881.2
Suicide mortality rate, per 100,000 people6.78.9
Mortality caused by road traffic injury, per 100,000 people14.53.1
Intentional homicides, per 100,000 people4.21.2
International tourism, number of arrivals8.2k36.3M

Government debt & reserves

StatTurkmenistanUnited Kingdom
Central government debt, % of GDP29.3%86.9%
External debt stocks, % of GNI2.3%N/A
External debt stocks$907.3MN/A
Short-term debt, % of total reserves20.6%N/A
Total debt service, % of exports and primary income22.1%N/A
Adjusted net savings including particulate emission damage, % of GNIN/A5.5%
Gross savings, % of GDPN/A13.4%
Gross capital formation, % of GDP47.2%17.3%
Total reserves including gold$1.5B$172.7B
Foreign direct investment net inflows$2B$35.1B

Exports, imports and economic structure

StatTurkmenistanUnited Kingdom
Exports of goods and services, % of GDP22.7%30%
Imports of goods and services, % of GDP12.5%31.8%
Current account balance (balance of payments)N/A-$123.1B
Revenue excluding grants, % of GDPN/A35.3%
Grants excluding technical cooperation, BoP$14.5MN/A
Personal remittances received$1.6M$4.4B
Industry including construction value added, % of GDP57%17.5%
Agriculture, forestry and fishing value added, % of GDP9.3%0.6%
Charges for the use of intellectual property, payments BoPN/A$13.5B
Charges for the use of intellectual property, receipts BoPN/A$21.7B
Expense, % of GDPN/A36%
Government Expenditure, % of GDP15.1%41%

Compare with countries close by GDP per capita

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

United Kingdom vs

CountryGDP
per capita
Population
Iceland
$73k
357k
Qatar
$69k
2.64M
Singapore
$65k
5.89M
United States
$63k
325M
Denmark
$61k
5.83M
Australia
$57k
24.5M
Sweden
$55k
10.3M
Netherlands
$53k
17.3M
Austria
$51k
8.81M
Finland
$50k
5.5M
San Marino
$48k
33.4k
Germany
$48k
83.1M
Belgium
$48k
11.4M
Canada
$46k
37.9M
United Arab Emirates
$43k
9.4M
Andorra
$42k
76.2k
New Zealand
$42k
4.94M
Israel
$42k
9.09M
France
$41k
66.6M
Japan
$39k
127M
Italy
$34k
60.3M
Kuwait
$34k
4.6M
Bahamas
$32k
395k
Brunei
$32k
429k
South Korea
$31k
51.5M
Spain
$30k
46.7M
Malta
$30k
465k
Cyprus
$28k
1.14M
Slovenia
$26k
2.07M
Taiwan
$25k
23.6M