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Economy of Turkmenistan vs Vatican compared: GDP & Debt

Updated on by Georank team

Turkmenistan has a GDP of $51.4B compared to $19.8M for the Vatican, ranking 92/197 and 197/197 by economy size, respectively.

Turkmenistan vs Vatican GDP by year

Turkmenistan
Vatican
1x
Year GDP, current $
Turkmenistan Vatican
2024 $51,387,209,872 -
2023 $45,894,538,666 -
2022 $42,208,726,138 -
2021 $40,589,905,812 -
2020 $41,509,903,182 -
2019 $40,810,067,975 -
2018 $40,765,428,571 -
2017 $37,926,285,714 -
2016 $36,169,428,571 -
2015 $35,799,714,286 -
2014 $43,524,210,526 -
2013 $39,197,543,860 -
2012 $35,164,210,526 -
2011 $29,233,333,333 -
2010 $22,583,157,895 -
2009 $20,214,385,965 -
2008 $19,271,523,179 -
2007 $12,664,165,103 -
2006 $10,276,674,365 -
2005 $8,103,901,996 -
2004 $6,838,351,088 -
2003 $5,977,440,583 -
2002 $4,462,029,109 -
2001 $3,534,772,732 -
2000 $2,904,663,311 -
1999 $2,450,564,100 -
1998 $2,605,689,134 -
1997 $2,450,350,625 -
1996 $2,378,759,975 -
1995 $2,482,228,440 -
1994 $2,561,118,608 -
1993 $3,179,225,949 -
1992 $3,200,539,816 -
1991 $3,208,098,919 -
1990 $3,189,539,641 -
1989 $3,006,988,217 -
1988 $3,010,982,414 -
1987 $2,331,358,820 -

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

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

Economic indicators

Turkmenistan Vatican
Gross domestic product
$51.4B
2024
$19.8M
2025
GDP rank
92/197
2024
197/197
2025
GDP growth
6.3%
2023-2024
n/a
GDP per capita
$6,857
2024
$19,800
2025
GDP per capita rank
104/197
2024
59/197
2025
GDP per capita, PPP
$21,213
2024
$39,191
2025
GDP per capita PPP rank
94/197
2024
59/197
2025
Government debt
$2.11B
2024
n/a
Debt-to-GDP ratio
4.11%
2024
n/a
Government debt per person
$282
2024
n/a
Government debt per person rank
179/185
2024
n/a
Average annual personal income after taxes
$7,520
2026
$18,169
2026
Income share by richest 10%
31.5%
1998
n/a
Income share by poorest 10%
2.4%
1998
n/a
Government expenditure, % of GDP
14.5%
2024
n/a
Consumer prices inflation
4.6%
2023-2024
n/a
Unemployment rate
4%
2010
n/a
Population
7776557
936

Balance of trade

Turkmenistan Vatican
Imports of goods and services, % of GDP
11.2%
2024
n/a
Exports of goods and services, % of GDP
17.6%
2024
n/a

Economic freedom indices

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

Turkmenistan Vatican
Economic freedom 47 65
Economic freedom ranking 177/197 69/197
Property rights 17.4 n/a
Government integrity 8.4 n/a
Judicial effectiveness 12.3 n/a
Tax burden 94.2 n/a
Government spending 94.3 n/a
Fiscal health 99.9 n/a
Business freedom 37.5 n/a
Labor freedom 29.3 n/a
Monetary freedom 76.7 n/a
Trade freedom 74.2 n/a
Investment freedom 10 n/a
Financial freedom 10 n/a

Other economic metrics

Turkmenistan Vatican
Services, % of GDP
50.4%
2024
n/a
Industry, % of GDP
37.5%
2024
n/a
Agriculture, forestry, and fishing, % of GDP
12.2%
2024
n/a
GNI, Atlas method
$48.8B
2024
n/a
GNI per capita, PPP
$21,020
2024
n/a
Total reserves including gold
$1.51B
1999
n/a
Total reserves ranking
135/177
1999
n/a
Net inflows of foreign direct investment
$1.64B
2024
n/a
Net outflows of foreign direct investment
$0
2024
n/a
Servicing debt to the IMF, % of GNI
1.91%
2024
n/a
Poverty at national poverty lines
0.2%
2020
n/a
Gross capital formation, % of GDP
47.2%
2012
n/a

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/turkmenistan/vatican | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06)
  2. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  3. The Heritage Foundation | Economic Freedom Index (2026, retrieved 2026-03-09)
  4. International Monetary Fund (IMF) | Fiscal Monitor (2024, retrieved 2026-02-20)
  5. Central Intelligence Agency (CIA) (2019–2025, retrieved 2026-02-20)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. LivingCost (2026, retrieved 2025-10-14)

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.

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.

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.