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
| Stat |  Turkmenistan |  Venezuela |
|---|---|---|
| GDP | $40.8B | $482.4B |
| GDP growth, 1 year | 6.2% | -18% |
| GDP growth, 5-years average | 7.1% | -12.2% |
| Population | 5.9M | 28.5M |
| GDP per capita | $7k | $16k |
| GDP per capita growth | 4.51% | -18.17% |
| Purchasing Power Parity conversion factor | 1.26 | 5.57 |
| Price level ratio of PPP conversion factor GDP to market exchange rate | 0.36 | 0.89 |
| 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
| Stat | Turkmenistan | Venezuela |
|---|---|---|
| Income Tax Rate | 10% | 34% |
| Corporate Tax Rate | 8% | 34% |
| Inflation, consumer prices | 13.6% | 929789.5% |
| Inflation, GDP deflator | 1.2% | 748.1% |
| Unemployment | 3.8% | 8.4% |
| Economic Freedom Index | 46.5 | 25.2 |
| Personal Freedom Index | 4.1 | 6.33 |
| Human Freedom Index | 4.1 | 5.27 |
| Property Rights Index | 20.1 | 10.1 |
| Judical Effectiveness Index | 20 | 12.6 |
| Business Freedom Index | 30 | 30.8 |
| Fiscal Health Index | 94.5 | 0 |
| Labor Freedom Index | 20 | 27.7 |
| Investment Freedom Index | 10 | 0 |
| Financial Freedom Index | 10 | 10 |
| Trade Freedom Index | 74.2 | 58 |
| Monetary Freedom Index | 68.7 | 0 |
| Government Spending Index | 93.1 | 66.3 |
| Tax Burden Index | 95.9 | 72.8 |
| Government Integrity Index | 21.4 | 14.6 |
| Corruption Perceptions Index | 20 | 18 |
| Life expectancy at birth, years | 68 | 72.2 |
| Suicide mortality rate, per 100,000 people | 6.7 | 3.7 |
| Mortality caused by road traffic injury, per 100,000 people | 14.5 | 33.7 |
| Intentional homicides, per 100,000 people | 4.2 | 56.3 |
| International tourism, number of arrivals | 8.2k | 427k |
Government debt & reserves
| Stat | Turkmenistan | Venezuela |
|---|---|---|
| Central government debt, % of GDP | 29.3% | 175.6% |
| External debt stocks, % of GNI | 2.3% | 33.9% |
| External debt stocks | $907.3M | $154.9B |
| Short-term debt, % of total reserves | 20.6% | 421.1% |
| Total debt service, % of exports and primary income | 22.1% | 69% |
| Adjusted net savings including particulate emission damage, % of GNI | N/A | 7.2% |
| Gross savings, % of GDP | N/A | 8.9% |
| Gross capital formation, % of GDP | 47.2% | -3.7% |
| Total reserves including gold | $1.5B | $9.8B |
| Foreign direct investment net inflows | $2B | $956M |
Exports, imports and economic structure
| Stat | Turkmenistan | Venezuela |
|---|---|---|
| Exports of goods and services, % of GDP | 22.7% | 30.7% |
| Imports of goods and services, % of GDP | 12.5% | 36.4% |
| Current account balance (balance of payments) | N/A | -$3.9B |
| Revenue excluding grants, % of GDP | N/A | N/A |
| Grants excluding technical cooperation, BoP | $14.5M | $125.8M |
| Personal remittances received | $1.6M | $297.1M |
| Industry including construction value added, % of GDP | 57% | 37.2% |
| Agriculture, forestry and fishing value added, % of GDP | 9.3% | 5% |
| Charges for the use of intellectual property, payments BoP | N/A | $258M |
| Charges for the use of intellectual property, receipts BoP | N/A | N/A |
| Expense, % of GDP | N/A | N/A |
| Government Expenditure, % of GDP | 15.1% | 33.5% |
