Countries With Highest GDP Growth 2017

Developing Asian and African countries still lead with fastest GDP growth in the world. Panama takes the first position among countries from the rest of the world, despite its economic slowdown. 

 
 
Source
Central bank

Central Bank of Turkmenistan

International Reserves

USD 2.9 billion (2015)

International Monetary Fund (IMF), data retrieved January 2017

Gross Domestic Product - GDP

USD 39.6 billion (2017, estimate)

GDP (Purchasing Power Parity)

Intl$ 102.0 billion (2017, estimate)

Real GDP growth
2006 2007 2008 2009 2010 2011 2012
11% 11.1% 14.8% 6.1% 9.2% 14.7% 11.1%
2013 2014 2015 2016* 2017*    
10.2% 10.3% 6.5% 5.4% 5.4%    

*Estimate

GDP per capita - current prices

USD 7,144.1 (2017, estimate)

GDP per capita - PPP

Intl$ 18,414.8 (2017, estimate)

GDP (PPP) - share of world total
1980 1990 2000 2010 2017*
N/A N/A 0.02% 0.06% 0.08%

*Estimate

 
 
Source
GDP - composition by sector
  • agriculture: 13.2% 
  • industry: 47.7% 
  • services: 39.2%

(2016 estimate)

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

N/A

 

Inflation
2013 2014 2015 2016* 2017*
6.8% 6.0% 6.4% 5.5% 5.0%

*Estimate

Unemployment rate
2013 2014 2015 2016 2017
N/A N/A N/A N/A N/A

 

Household saving rates

N/A

 

Public debt (General government gross debt as a % of GDP)
2013 2014 2015 2016* 2017*
20.8% 17.4% 23.2% 23.2% 23.4%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2013 2014 2015 2016* 2017*
1.2% 0.8% -0.7% -0.8% -0.4%

*Estimate   

Government bond ratings

Standard & Poor's: N/A

Moody's: N/A

Standard & Poor's / Moody's (Updated January 2017)

Market value of publicly traded shares
2013 2014 2015
N/A N/A N/A
Largest companies

N/A

 
 
Source
Current account balance

USD -7.1 billion (2017 estimate)

Current account balance by percentage of GDP

-18.0% (2017 estimate)

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

73.3% (2012)

Shares in world total merchandising export

0.08% (2015)

 

Shares in world total commercial services export

N/A

Total exports

USD 8.8 billion (2016 estimate)

Export commodities

Gas, crude oil, petrochemicals, textiles, cotton fiber

Total imports

USD 7.5 billion (2016 estimate)

 
 
Source
Import commodities

Machinery and equipment, chemicals, foodstuffs

Exports - major partners

China 68.6%, Turkey 4.9% (2015)

Imports - major partners

Turkey 24.9%, Russia 12.3%, China 10.9%, UAE 9.1%, Kazakhstan 5.1%, Germany 4.6%, Iran 4.4% (2015)

FDI inflows
2013 2014 2015
USD 3,732 million USD 4,170 million USD 4,259 million
Value of cross-border M&A, by country of purchaser
2012 2013 2014 2015
N/A N/A N/A N/A
Cross-border M&A deals worth over $3 billion completed in 2014

N/A

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

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

N/A

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

Best countries for doing business

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

Overall ranking: N/A (2017)

Subcategories:

Starting a business: N/A

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

Global competitiveness ranking

N/A

Index of Economic Freedom

Ranking: 174 / Score: 41.89 (Repressed) (2016)

(100=totally free 0=totally repressed)

 
 
Source
Time zone

UTC+5

Total area

488,100 sq km

Capital

Ashgabat (Ashkhabad)

Currency

Turkmen manat (TMM)

Government type

Presidential republic; highly authoritarian

Languages

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

Religions

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

Total population
1990 2000 2010* 2016* 2021*
N/A 4.501 million 5.042 million 5.463 million 5.857 million

*Estimate 

 
 
Source
Urban population as % of total population
1960 1980 2000 2015
46% 47% 46% 50%
Population median age

27.5 years (2016 estimate)

Population growth rate

1.13% (2016 estimate)

Life expectancy

70.1 years (2016 estimate)

Literacy

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

(age 15 and over can read and write)

% of population living on less than $3.10 a day

N/A

Inequality of wealth distribution (Gini index)

N/A
 

Freedom House rating

Political Rights: 7
Civil Liberties: 7 (2017)                         

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

Source
Total telephone subscribers as % of population

Fixed 12.06%   Mobile 145.94% (2015)
(fixed-telephone subscribers and mobile-cellular subscribers)

Internet users as % of total population

15% (2015)

Mercer Cost of living index

Ashkhabad: 66th (2016)

CO2 emissions

12.8 (2013)