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Turkmenistan GDP and Economic Data

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. 

 
 
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Central bank

Central Bank of Turkmenistan

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International Reserves

N/A

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Gross Domestic Product - GDP

USD 44.1 billion (2018, estimate)

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GDP (Purchasing Power Parity)

Intl$ 112.7 billion (2018, estimate)

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Real GDP growth
2014 2015 2016 2017* 2018*
10.3% 6.5% 6.2% 6.5% 6.2%

*Estimate

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GDP per capita - current prices

USD 7,645.9 (2018, estimate)

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GDP per capita - PPP

Intl$ 19,527.2 (2018, estimate)

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GDP (PPP) - share of world total

0.09% (2019, estimate)

Source
 
 
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GDP - composition by sector
  • agriculture: 7.5% 
  • industry: 44.9% 
  • services: 47.7%

(2016 estimate)

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Gross domestic expenditure on R&D; (% of GDP)

N/A

 

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Inflation
2014 2015 2016 2017* 2018*
7.4% 3.6% 8% 13.2% 13.4%

*Estimate

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Unemployment rate

N/A

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Household saving rates

N/A

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Public debt (General government gross debt as a % of GDP)
2014 2015 2016 2017* 2018*
21.8% 24.1% 28.8% 29.1% 30.3%

* Estimated

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Public deficit (General government net lending/borrowing as a % of GDP)
2014 2015 2016 2017* 2018*
-0.7% -2.4% -2.8% -0.2% -0.1%

 

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Government bond ratings

N/A

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Market value of publicly traded shares

N/A

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Largest companies

N/A

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Source
Current account balance

USD 2.3 billion (2018 estimate)

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Current account balance by percentage of GDP

5.7% (2018 estimate)

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

22.7% (2018)

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Shares in world total merchandising export

0.05% (2018)

 

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Shares in world total commercial services export

N/A

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Total exports

N/A

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Export commodities

Gas, crude oil, petrochemicals, textiles, cotton fiber

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Total imports

N/A

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Import commodities

Machinery and equipment, chemicals, foodstuffs

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Exports - major partners

China 83.7%, Turkey 5.1% (2017)

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Imports - major partners

Turkey 24.2%, Algeria 14.4%, Germany 9.8%, China 8.9%, Russia 8%, US 6.6% (2017)

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FDI inflows
2016 2017 2018
USD 2,243 million USD 2,086 million USD 1.985 million
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FDI outflows

N/A

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Value of cross-border M&A, by country of purchaser

N/A

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Cross-border M&A deals worth over $3 billion completed in 2014

N/A

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

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Cross-border M&A deals worth over $3 billion completed in 2015

N/A

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

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Best countries for doing business

N/A

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Global competitiveness ranking

N/A

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Index of Economic Freedom

Ranking: 164 / Score: 48.4 (Repressed) (2016)

(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

Presidential republic; highly authoritarian

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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
1990 2000 2010* 2016* 2021*
N/A 4.53 million 5.09 million 5.57 million 6.03 million

*Estimate 

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Urban population as % of total population
1960 1980 2000 2018
46.4% 47.1% 45.9% 51.6%
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Population median age

28.3 years (2018 estimate)

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Population growth rate

1.1% (2018 estimate)

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Life expectancy

70.7 years (2018 estimate)

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Literacy

Total population: 99.7%
Male: 99.8%
Female: 99.6% (2015 est.)

(age 15 and over can read and write)

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% of population living on less than $3.10 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 (2019)                         

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

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Total telephone subscribers as % of population

Fixed 11.8%   Mobile 162.9% (2017)
(fixed-telephone subscribers and mobile-cellular subscribers)

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Internet users as % of total population

21.25% (2017)

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Mercer Cost of living index

Ashkhabad: 7th (2019)

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CO2 emissions

12.52 (2014)

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