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Turkmenistan vs Albania (Standard of Living)

Published: Monday, 21th October 2024

Recently Updated: Saturday, 11th January 2025

The Standard of living in Turkmenistan is 1.09 times lesser as compared to Albania.

In this page, you will find side-by-side Standard of Living comparison between Turkmenistan and Albania. We have created 53 standard-of-living indicators. We average the values and ranges of all those indicators and take a mathematically calculated approach to determine which country has a better standard of living between Turkmenistan and Albania.

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Economic Factors Comparison

Image representing an indicator
Indicators
Image illustrating an indicator
Pictorial representation of map of turkmenistan
Turkmenistan
Image illustrating the flag of turkmenistan
Pictorial representation of map of albania
Albania
Image illustrating the flag of albania
Gross Domestic Product (GDP)(2023)
Image representing the total Gross Domestic Product of any specific country
$81.822 billion USD$25.297 billion USD
GDP Per Capita
(2023)
Image representing the total Gross Domestic Product Per Capita of any specific country
12,934 USD8,877 USD
GINI Ratio
(2023)
Image representing the total GINI Ratio or GINI Coefficient of any specific country
0.410.34
Inflation on Consumer Prices
(2023)
Image representing the Percentage of Inflation on consumer prices of any specific country
Yet to Update6.73 % annually
Central Government Debt
(2023)
Image representing the Central Government Debt of any specific country
Yet to Update82.4 % of GDP
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Gross Domestic Product (GDP) is a measure of the total value of all goods and services produced within a country in a specific time period, usually a year. It is used to gauge the economic performance of a country and indicates how wealthy and productive a nation is. In simple terms, GDP tells us how much a country is producing and how well its economy is doing.


As per the statistics from the World Bank Data for the year 2023, the total GDP of Turkmenistan is $81.822 billion USD and that of Albania is $25.297 billion USD.


On the other hand, Gross Domestic Product (GDP) Per Capita is the average economic output per person in a country. Simply put, it shows how much, on average, each person contributes to the economy, giving an idea of the standard of living and economic well-being of the people in that country.


From the above data, we can say that a person living and working in Turkmenistan contributes more to the country's economy compared to a person working in Albania.

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Image representing an indicator
Indicators
Image illustrating an indicator
Pictorial representation of map of turkmenistan
Turkmenistan
Image illustrating the flag of turkmenistan
Pictorial representation of map of albania
Albania
Image illustrating the flag of albania
Human Development Index (HDI) (2024)
Image representing the Human Development Index of any specific country
0.7440.789
Human Capital Index (HCI) (2024)
Image representing the Human Capital Index of any specific country
Yet to Update0.63
Literacy Rate
(2023)
Image representing the Literacy Rate of any specific country
99.4% (15 years+ above age)98.5% (15 years+ above age)
Life Expectancy Ratio
(2023)
Image representation of Life Expectancy Ratio any given country
69.1 years76.4 years
Healthy Life Expectancy Ratio
(2023)
Image representation of Healthy Life Expectancy Ratio any given country
60.8 years66.7 years
Poverty Ratio
(2023)
Image representing the Poverty Rate of any specific country
58% of total Population22% of total Population
Unemployment Rate
(2023)
Image representing the Unemployment Rate of any specific country
4.12% of total labor force11.58% of total labor force

The Human Development Index (HDI) is a measure used to assess the overall well-being and quality of life of people living in a country. The key dimensions that give a country good HDI rank are a long and healthy life, being knowledgeable and having a decent standard of living.


From the above given statistics, we can see that the HDI of Turkmenistan is [ 0.744 ] and the HDI of Albania is [ 0.789 ].

The data shows that the people living in Turkmenistan has lower income, life expectancy and education level compared to Albania.

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Government National Expenditure Comparison

Image representing an indicator
Indicators
Image illustrating an indicator
Pictorial representation of map of turkmenistan
Turkmenistan
Image illustrating the flag of turkmenistan
Pictorial representation of map of albania
Albania
Image illustrating the flag of albania
Gross National Expenditure
(2023)
Image representing the total Gross National Expenditure of any specific country
68.22 % of GDP113.37 % of GDP
Total Health Expenditure
(2023)
Image representation of total Health Expenditure of any given country
5.57 % of GDP7.27 % of GDP
Research and Development Expenditure (2023)
Image representing the Government Expenditure of any specific country
Yet to Update0.15 % of GDP
Government Expenditure on Education (2023)
Image representing the Government Expenditure of any specific country
3.78 % of GDP2.75 % of GDP
International Tourism Expenditure (2023)
Image representing the International Tourism Expenditure of any specific country
127 million USD805 million USD
Number of International Tourists Arrivals (2023)
Image representing the Number of International Tourists Arrival in any specific country
380,0002,658,000
Military Expenditure
(2023)
Image representing the Military Expenditure of any specific country
2.9 % of GDP1.58 (% of GDP)

The total Gross National Expenditure of Turkmenistan is 68.22% of its GDP and the total Gross National Expenditure of Albania is 113.37% of its GDP.

From the above data, we can say that Turkmenistan spends 1.66 times less of its GDP on Gross National Expenditure compared to Albania.

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Health System Facilities Comparison

Image representing an indicator
Indicators
Image illustrating an indicator
Pictorial representation of map of turkmenistan
Turkmenistan
Image illustrating the flag of turkmenistan
Pictorial representation of map of albania
Albania
Image illustrating the flag of albania
Number of Doctors
(2023)
Visual representation of number of Doctors in any specific country
21.43
(Per 10,000 People)
18.8
(Per 10,000 People)
Number of Nurses
(2023)
Visual representation of number of Nurses in any specific country
39.2
(Per 10,000 People)
58.3
(Per 10,000 People)
Number of Pharmacists
(2023)
Visual representation of number of Pharmacists in any specific country
1.68
(Per 10,000 People)
10.9
(Per 10,000 People)
Available Hospital Beds
(2023)
Visual representation of Available Hospital Beds in any specific country
4.03
(Per 1000 People)
2.89
(Per 1000 People)
Pregnant Women Receiving Prenatal Care (2023)
Visual representation of Pregnant Women Receiving Prenatal Care in any specific country
100 % of total Population88.4 % of total Population

Turkmenistan has 1.14 times more Doctors compared to Albania (Per 10,000 People).

Turkmenistan has 1.49 times less Nurses compared to Albania (Per 10,000 People).

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Environmental Factors Comparison

Image representing an indicator
Indicators
Image illustrating an indicator
Pictorial representation of map of turkmenistan
Turkmenistan
Image illustrating the flag of turkmenistan
Pictorial representation of map of albania
Albania
Image illustrating the flag of albania
Agricultural Land
(2023)
Image Depicting the total Agricultural Land available in any specific country
338,380 Sq Km11,363.3 Sq Km
Forest Area
(2023)
Image Depicting the total Forest Area available in any specific country
41,270 Sq Km7,889 Sq Km
CO2 Emissions
(2023)
Image Depicting the total CO2 Emissions from any specific country
0.6 kg per PPP $ of GDP0.11 kg per PPP $ of GDP
Access to Electricity
(2023)
Image Depicting the access of electricity in any specific country
100 % of total Population100 % of total Population
Access to Internet
(2023)
Image Depicting the access of internet in any specific country
21.25 % of total Population82.61 % of total Population
Annual Fresh Water Withdrawals (2023)
Image Depicting the annual freshwater withdrawals from any specific country
26.25 Billion cubic meters0.79 Billion cubic meters

100% of the total Population of Turkmenistan has access to the electricity in their homes, whereas, in case of Albania, 100% of the total Population has access to electricity.

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Business Registration Comparison

Image representing an indicator
Indicators
Image illustrating an indicator
Pictorial representation of map of turkmenistan
Turkmenistan
Image illustrating the flag of turkmenistan
Pictorial representation of map of albania
Albania
Image illustrating the flag of albania
Time Required to Start a Business (2023)
Image representing Time Required to Start a Business
Yet to Update4.5 Days
New Businesses Registered (2023)
Image representing New Businesses Registered
Yet to Update3,365 (New Businesses)
New Businesses Registration Density (2023)
Image representing New Businesses Registration Density
Yet to Update1.8 (Per 1000 People)
Cost of Business Start-Up Procedures (2023)
Image representing Cost of Business Start-Up Procedures
Yet to Update10.8 % of GNI Per Capita
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Import & Export Factors Comparison

Image representing an indicator
Indicators
Image illustrating an indicator
Pictorial representation of map of turkmenistan
Turkmenistan
Image illustrating the flag of turkmenistan
Pictorial representation of map of albania
Albania
Image illustrating the flag of albania
Imports of Goods and Services (2023)
Image representing Imports of Goods and Services
12.95 % of GDP44.91 % of GDP
Total Fuel Imports
(2023)
Image representing Total Fuel Imports
1.2 % of Merchandise Imports0.26 % of Merchandise Imports
Cost to Import Border Compliance (2023)
Image representing Cost to Import Border Compliance
Yet to Update77.3 USD
Time to Import Border Compliance (2023)
Image representing Time to Import Border Compliance
Yet to Update10 Hours
Cost to Import Documentary Compliance (2023)
Image representing Cost to Import documentary Compliance
Yet to Update10 USD
Time to Import Documentary Compliance (2023)
Image representing Time to Import Documentary Compliance
Yet to Update8 Hours
Image representing an indicator
Indicators
Image illustrating an indicator
Pictorial representation of map of turkmenistan
Turkmenistan
Image illustrating the flag of turkmenistan
Pictorial representation of map of albania
Albania
Image illustrating the flag of albania
Exports of Goods and Services (2023)
Image representing Exports of Goods and Services
22.23 % of GDP39.62 % of GDP
Total Fuel Exports
(2023)
Image representing Total Fuel Exports
81.01 % of Merchandise Exports0.41 % of Merchandise Exports
Cost to Export Border Compliance (2023)
Image representing Cost to Export Border Compliance
Yet to Update54.67 USD
Time to Export Border Compliance (2023)
Image representing Time to Export Border Compliance
Yet to Update9 Hours
Cost to Export Documentary Compliance (2023)
Image representing Cost to Export documentary Compliance
Yet to Update10 USD
Time to Export Documentary Compliance (2023)
Image representing Time to Export Documentary Compliance
Yet to Update6 Hours
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Tax Factors Comparison

Image representing an indicator
Indicators
Image illustrating an indicator
Pictorial representation of map of turkmenistan
Turkmenistan
Image illustrating the flag of turkmenistan
Pictorial representation of map of albania
Albania
Image illustrating the flag of albania
Gross National Savings
(2023)
Image representing the total Gross National Savings of any specific country
Yet to Update17.76 % of GDP
Tax Revenue
(2023)
Image representing the total tax revenue collection of any specific country
Yet to Update18.2 % of GDP
Taxes on Exports
(2023)
Image representing Taxes on Exports
Yet to Update0.00001 % of Tax Revenue
Taxes on Goods and Services
(2023)
Image representing Taxes on Goods and Services
Yet to Update45.59 % of Tax Revenue
Taxes on International Trade
(2023)
Image representing Taxes on International Trade
Yet to Update1.36 % of Revenue
Time to Prepare and Pay Taxes (2023)
Image representing Time to Prepare and Pay Taxes
Yet to Update252 Hours
Customs and Other Import Duties (2023)
Image representing Customs and Other Import Duties
Yet to Update2.21 % of Tax Revenue
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We hope you enjoyed the detailed guide on the standard of living comparsion between Turkmenistan and Albania.

For more side-by-side comparsion between Countries, States and Cities, you can use the search box above or click the links below.

The Comparedoo.com family sincerely appreciates your time with us. We look forward to seeing you on our other pages.

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