Turkmenistan vs Venezuela: Economic Indicators Comparison

Venezuela with a GDP of $482.4B ranked the 27th largest economy in the world, while Turkmenistan ranked 93rd with $40.8B. By GDP 5-years average growth and GDP per capita, Venezuela and Turkmenistan ranked 181st vs 9th and 58th vs 92nd, respectively.

Gross Domestic Product & Income

StatTurkmenistanVenezuela
GDP$40.8B$482.4B
GDP growth, 1 year6.2%-18%
GDP growth, 5-years average7.1%-12.2%
Population5.9M28.5M
GDP per capita$7k$16k
GDP per capita growth4.51%-18.17%
Purchasing Power Parity conversion factor1.265.57
Price level ratio of PPP conversion factor GDP to market exchange rate0.360.89
GDP per capita, PPP adjusted$20k$8.8k
GNI, Atlas method$39.4B$392.9B
GNI per capita$6.7k$13k
GNI, PPP adjusted$108.2B$352.8B
GNI per capita, PPP adjusted$18k$12k

Financial system and Human development

StatTurkmenistanVenezuela
Income Tax Rate10%34%
Corporate Tax Rate8%34%
Inflation, consumer prices13.6%929789.5%
Inflation, GDP deflator1.2%748.1%
Unemployment3.8%8.4%
Economic Freedom Index46.525.2
Personal Freedom Index4.16.33
Human Freedom Index4.15.27
Property Rights Index20.110.1
Judical Effectiveness Index2012.6
Business Freedom Index3030.8
Fiscal Health Index94.50
Labor Freedom Index2027.7
Investment Freedom Index100
Financial Freedom Index1010
Trade Freedom Index74.258
Monetary Freedom Index68.70
Government Spending Index93.166.3
Tax Burden Index95.972.8
Government Integrity Index21.414.6
Corruption Perceptions Index2018
Life expectancy at birth, years6872.2
Suicide mortality rate, per 100,000 people6.73.7
Mortality caused by road traffic injury, per 100,000 people14.533.7
Intentional homicides, per 100,000 people4.256.3
International tourism, number of arrivals8.2k427k

Government debt & reserves

StatTurkmenistanVenezuela
Central government debt, % of GDP29.3%175.6%
External debt stocks, % of GNI2.3%33.9%
External debt stocks$907.3M$154.9B
Short-term debt, % of total reserves20.6%421.1%
Total debt service, % of exports and primary income22.1%69%
Adjusted net savings including particulate emission damage, % of GNIN/A7.2%
Gross savings, % of GDPN/A8.9%
Gross capital formation, % of GDP47.2%-3.7%
Total reserves including gold$1.5B$9.8B
Foreign direct investment net inflows$2B$956M

Exports, imports and economic structure

StatTurkmenistanVenezuela
Exports of goods and services, % of GDP22.7%30.7%
Imports of goods and services, % of GDP12.5%36.4%
Current account balance (balance of payments)N/A-$3.9B
Revenue excluding grants, % of GDPN/AN/A
Grants excluding technical cooperation, BoP$14.5M$125.8M
Personal remittances received$1.6M$297.1M
Industry including construction value added, % of GDP57%37.2%
Agriculture, forestry and fishing value added, % of GDP9.3%5%
Charges for the use of intellectual property, payments BoPN/A$258M
Charges for the use of intellectual property, receipts BoPN/AN/A
Expense, % of GDPN/AN/A
Government Expenditure, % of GDP15.1%33.5%

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

Venezuela vs

CountryGDP
per capita
Population
Czech Republic
$23k
10.7M
Vatican City
$21k
1k
Greece
$20k
10.8M
Curacao
$20k
160k
Slovakia
$19k
5.4M
Saint Kitts and Nevis
$19k
55.3k
Lithuania
$19k
2.79M
Barbados
$18k
286k
Latvia
$18k
1.91M
Uruguay
$17k
3.46M
Trinidad and Tobago
$17k
1.37M
Antigua and Barbuda
$17k
102k
Seychelles
$16k
95.8k
Oman
$16k
4.83M
Hungary
$16k
9.94M
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
Russia
$11k
147M
Mauritius
$11k
1.26M
Grenada
$11k
108k
Saint Lucia
$11k
179k
Maldives
$10k
436k
Equatorial Guinea
$10k
1.27M