Latvia vs Turkmenistan: Gross domestic income
Gross domestic income over time
- Latvia
- Turkmenistan
How they compare
Turkmenistan currently reports 43.61 billion constant LCU against 32.29 billion constant LCU in Latvia, a difference of 11.32 billion constant LCU.
That makes Turkmenistan's figure about 1.4 times Latvia's.
Across all 12 years both countries report, Turkmenistan has been ahead every year.
Latvia ranks 143rd and Turkmenistan ranks 140th of 179 countries.
Turkmenistan has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | Latvia | Turkmenistan | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 12.76 billion constant LCU | 25.66 billion constant LCU | 12.89 billion constant LCU | Turkmenistan |
| 2000s | 18.99 billion constant LCU | 35.07 billion constant LCU | 16.08 billion constant LCU | Turkmenistan |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher gross domestic income, Latvia or Turkmenistan?
- Turkmenistan, at 43.61 billion constant LCU against 32.29 billion constant LCU in Latvia as of 2006.
- What is the difference in gross domestic income between Latvia and Turkmenistan?
- 11.32 billion constant LCU, with Turkmenistan ahead.
- How many years of comparable data are there for Latvia and Turkmenistan?
- 12 years are reported by both, from 1995 to 2006.
- How do Latvia and Turkmenistan rank globally for gross domestic income?
- Latvia ranks 143rd and Turkmenistan ranks 140th of 179 countries.
- Where does this data come from?
- Country official statistics, National Statistical Organizations and/or Central Banks, published as Gross domestic income (constant LCU). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Real gross domestic income (real GDI) measures the purchasing power of the total incomes generated by domestic production. It is a concept that exists in real terms only. When the terms of trade change there may be a significant divergence between the movements of GDP in volume terms and real GDI. The difference between the change in GDP in volume terms and real GDI is generally described as the “trading gain” (or loss) or, to turn this round, the trading gain or loss from changes in the terms of trade is the difference between real GDI and GDP in volume terms. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.