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Turkmenistan GDP and Economic Data

Country Report 2015 - Includes Turkmenistan real Gross Domestic Product growth rate, with latest forecasts and historical data, GDP per capita, GDP composition and breakdown by sector.

Browse additional economic indicators and data sets, selected by Global Finance editors, to learn more about Turkmenistan economic outlook, debt to GDP ratio, international trade performance and population trends. Rankings of Turkmenistan best banks and safest banks are also available.

Countries by Income Group

Countries by Income Group

Major international organizations classify countries by different factors. One criterion that is often used is gross national income (GNI) per capita – the dollar value of a country’s final income in a year, divided by its population

 
 
Source
Central bank

Central Bank of Turkmenistan

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International Reserves

N/A

Source
Gross Domestic Product - GDP

US$54 billion (2015)

Source
GDP (Purchasing Power Parity)

93 billion of International dollars (2015 estimate)

Source
Real GDP growth
2003 2004 2005 2006 2007 2008 2009 2010
17.1% 14.7% 13% 11% 11.1% 14.7% 6.1% 9.2%
2011 2012 2013 2014* 2015*      
14.7% 11.1% 10.2% 10.1% 11.5%      

*Estimate

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GDP per capita - current prices

US$ 8,203 (2014 estimate)

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GDP per capita - PPP

14,175 International Dollars (2014 estimate)

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GDP (PPP) - share of world total
1980 1990 2000 2010 2014*
N/A N/A 0.02% 0.06%

0.08%

*Estimate

Source
 
 
Source
GDP - composition by sector
  • agriculture: 7.2% 
  • industry: 24.4% 
  • services: 68.4% (2013 estimate)
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Gross domestic expenditure on R&D; (% of GDP)

N/A

 

Source
Inflation
2011 2012 2013 2014*
5.3% 5.3% 6.8% 5.0%

*Estimate

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Unemployment rate
2011 2012 2013 2014
N/A N/A N/A N/A

 

Source
Household saving rates

N/A

 

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Public debt (General government gross debt as a % of GDP)
2010 2011 2012 2013 2014*
4.1% 10.0% 18.1% 20.5% 15.8%

*Estimate

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Public deficit (General government net lending/borrowing as a % of GDP)
2010 2011 2012 2013 2014*
2.0% 3.6% 6.4% 1.3% 0.1%

*Estimate   

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Government bond ratings

Standard & Poor's: N/A

Moody's rating: N/A

Moody's outlook: N/A

(Foreign Currency Government Bond Ratings; Data last updated Dec 2011 and Nov 2012)

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Market value of publicly traded shares
2011 2012 2013
N/A N/A N/A
Source
Largest companies in Turkmenistan

N/A

Source
 
 
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Current account balance

US$-511 million (2014 estimate)

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Current account balance by percentage of GDP

-1.1% of GDP (2014 estimate)

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Exports as percent of GDP(Exports of goods and services)

73% (2012)

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Shares in world total merchandising export

0.1% (2013)

 

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Shares in world total commercial services export

N/A

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Total exports

US$17.13 billion (2013 estimate) 

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Export commodities

gas, crude oil, petrochemicals, textiles, cotton fiber

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Total imports

US$12.48 billion (2013 estimate) 

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Import commodities

machinery and equipment, chemicals, foodstuffs

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Exports - major partners

China 69.6%, Italy 4.7% (2012)

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Imports - major partners

China 19.5%, Turkey 17%, Russia 12.6%, UAE 6.8%, Ukraine 6%, Germany 4.7%, UK 4.2% (2012)

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FDI inflows
2011 2012 2013
US$3,399 million US$3,117 million US$3,067 million
Source
FDI outflows
2011 2012 2013  
N/A N/A N/A  
Source
Value of cross-border M&A;, by country of purchaser
2010 2011 2012 2013
N/A N/A N/A N/A
Source
Cross-border M&A; deals worth over $3 billion completed in 2012(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(for a monthly update on M&A; click here )

Source
Cross-border M&A; deals worth over $3 billion completed in 2013(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(for a monthly update on M&A; click here )

Source
Best countries for doing business World Bank/IFC Doing Business Project

Economies are ranked on their ease of doing business, from 1 - 189. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.

Overall ranking: N/A

Subcategories:

Starting a business: N/A(2009)

Enforcing Contracts: N/A

Registering Property: N/A

Getting credit: N/A

Protecting investors: N/A

Trading across border: N/A

Paying Taxes: N/A

Dealing with Construction Permits: N/A

Getting Electricity: N/A

Resolving Insolvency: N/A

(2013)

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Global competitiveness ranking(ranking by country on a basis of 144, the first is the best)

N/A

 

 

 

 

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Index of Economic FreedomWSJ and Heritage Foundation

Ranking: 171 Score: 42.2 (Repressed) (2014)

(100=totally free 0=totally repressed )

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Time zone

UTC+5

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Total area

488,100 sq km

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Capital

Ashgabat (Ashkhabad)

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Currency

Turkmen manat (TMM)

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Government type

defines itself as a secular democracy and a presidential republic; in actuality displays authoritarian presidential rule with power concentrated within the presidential administration

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Languages

Turkmen (official) 72%, Russian 12%, Uzbek 9%, other 7%

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Religions

Muslim 89%, Eastern Orthodox 9%, unknown 2%

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Total population
1980 1990 2000 2014* 2019**
N/A N/A 4.64 million 5.80 million 6.27 million

*Estimate    **Forecast

Source
 
 
Source
Urban population as % of total population
1960 1980 2000 2013
46.4% 47% 46% 49%
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Population median age

26.6 years (2014)

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Population growth rate

1.14% (2014)

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Life expectancy

69.47 years (2014)

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Adult literacy

99.6% (2011)

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% of population living on less than $2 a day

N/A

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Inequality of wealth distribution (Gini index)

N/A
 

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Freedom House rating

Political Rights: 7
Civil Liberties: 7 (2014)

(1 represents the most free, 7 the least free)

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Total telephone subscribers as % of population

Fixed  11.5%  Mobile 116.9%
(2013)

(fixed-telephone subscribers and mobile-cellular subscribers)

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Internet users as % of total population

9.6% (2013)

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Cost of living - Mercer index(ranking by city on a basis of 214; the 1st is the most expensive and the 214th is the least expensive)

Ashkhabad: 198th (2014)

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CO2 emissions(Metric tons of CO2 per capita)

10.5 (2010)
 

Source
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