Economy of Turkmenistan
Population: 5.85 M (2018)
GDP per Capita: 6,967 USD (2018)
40,760 M.

GDP USD

(2018)

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9,240 M.

EXPORTS USD

(2018)

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5,090 M.

IMPORTS USD

(2018)

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28.82 %

PUBLIC DEBT

(2017)

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Data is provided by World Bank, FMI and Central Banks.

GDP and Economic Growth

Indicator Value
Economic Growth 6.20 % (2018)
GDP of 2010 USD USD 44.70 B. (2018)
GDP Current USD USD 40.76 B. (2018)
GDP per Capita Current USD USD 6,967 (2018)
GDP per capita, PPP USD 17,129 (2018)
GDP per Capita, 2010 USD USD 7,648 (2018)

Government spending and balances

Indicator Value
Government Spending % GDP 7.80 % (2017)
Government Spending USD 2.96 B. (2017)
Government Debt % GDP 28.82 % (2017)

International Trade and Investment

Indicator Value
Terms of Trade Base Year 2000 225.28 (2018)
Trade Openness 35.16 % (2018)
Exports of Goods and Services % GDP 22.67 % (2018)
Exports Goods & Services USD 9.24 B. (2018)
Exports Annual Growth 42.54 % (2006)
Imports as % GDP 12.50 % (2018)
Total Imports USD 5.09 B. (2018)
Foreign Direct Investment % GDP 4.87 % (2018)
Foreign Direct Investment USD 1.99 B. (2018)
Current Account Balance % GDP USD % (2018)
Current Account Balance USD B. (2018)
Trade Balance % GDP 10.17 % (2018)
Trade Balance USD B. (2018)
Foreign Exchange Reserves incl Gold
Remittances % GDP 0.02 % (2016)
Remittances 0.02 % (2016)
Balance of Payments 0.02 % (2016)

Labor Market

Indicator Value
Labor Force 2.68 M. (2019)
Unemployment Rate 3.85 % (2019)
Unemployment Rate Females 2.18 % (2019)
Unemployment Rate Males 5.12 % (2019)
Youth Unemployment (ages 15-24) 7.55 % (2019)
Labor Force Participation Rate 65.02 % (2019)
Labor Force (Percent Female) 40.98 % (2019)
Female Labor Force Participation Rate 52.63 % (2019)
Male Labor Force Participation Rate 78.12 % (2019)
Dependent People 54.44 % (2018)

Agriculture Sector

Indicator Value
Forest Area 8.80 % (2016)
Forest Area km² 41,270 km² (2016)
Agricultural Land 72.01 % (2016)
Agricultural Land km² 338,380 km² (2016)
Employment 22.61 % (2019)
Value added % GDP 9.30 % (2015)
Agriculture Value added USD 3.33 B. (2015)
Crop Production Index 83.20 (2016)
Precipitation 161 mm (2014)
Arable Land 4 % (2016)
Cereal Yield 1,100 kg/hectare (2017)
Food production index 113 (2016)
Rural Population 48 % (2018)
Fertilizer use of Arable Land 113 (2016)
Livestock Production Index 118 (2016)
Economy of Turkmenistan

According to the World Bank and its latest published data, the economy of the Turkmenistan presents a growth rate of 6.20 % (2018) to the previous year.

With a population that reaches 5.85 M (2018) and a gross domestic product of USD 40.76 B. (2018), it translates a Gross Domestic Product per Capita of USD 6,967 placing its inhabitants on the threshold of an Upper middle income country (according to the World Bank's updated classification).

Turkmenistan also has a workforce of 2.68 M. (2019) with an unemployment rate of 3.85 % (2019), where women represent 2.18 % (2019) and men 5.12 % (2019), the unemployment rate for young people between 15-24 years old stood at 7.55 % (2019). The total number of dependent people stands at 54.44 % (2018).

The central government spent 7.80 % (2017) of its gross domestic product that year, which in absolute terms is USD 2.96 B. (2017). Its consolidated public debt reached 28.82 of its GDP, not exceeding the 35% risk limit used by the European Union.

Regarding its international trade, Turkmenistan exported USD 9.24 B. (2018), which represents 22.67 % (2018) of its gross domestic product, in that same sense its imports reached USD 5.09 B. (2018) with a direct foreign investment of USD 1.99 B. (2018).

Turkmenistan has a forest area of 41,270 km² (2016), which represents 8.80 % (2016) of its total area, an average rainfall of 161 mm (2014) per year and a population of 48 % (2018) living in rural areas. With a total area of 338,380 km² (2016) available for agriculture and 22.61 % (2019) of its employments, the agricultural sector contributes to the economy of the Turkmenistan about USD 3.33 B. (2015) (9.30 % (2015) of its GDP).