Turkmenistan: Economy
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Income Level (by per capita GNI) Source: The World Bank Possible values: High Income, Upper Middle Income, Lower Middle Income and Low Income |
Upper Middle Income |
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Level of Development
Source: United Nations Possible values: Developed, In Transition and Developing |
In Transition |
| Economic Trivia | One of Turkmenistan's gas fields, the Galkynysh gas field, has the second largest volume of gas in the world. |
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Trade
Source: United Nations Comtrade Note: Top 3 trade partners are calculated by imports + exports. |
Data unavailable |
| Top Industries Source: CIA World Factbook | Natural Gas; Oil; Petroleum Products; Textiles |
Gross Domestic Product (GDP) [1]
| GDP, PPP (current international) | $96,246,606,627 (2019) |
| GDP Growth Rate (annual %) | -3.4% (2020) |
| GDP Per Capita, PPP (current international) | $15,628 (2019) |
GDP Country Rank 97/197 (2019)
Economic Indicators [1]
| Inflation, consumer prices (annual %) | Data unavailable |
| External debt stocks, total (DOD, current US$) | $4,850,980,367 (2021) |
| Total tax rate (% of commercial profits) | Data unavailable |
| Real Interest Rate (5 year average %) | Data unavailable |
| Manufacturing, value added (% of GDP) | 43.48% (2012) |
| Current Account Balance (BoP, current US$) | ($580,180,000) (1997) |
Labor and Employment [1]
| Labor Force, Total | 2,047,906 (2022) |
| Employment in Agriculture (% of total employment) | 22.323% (2021) |
| Employment in Industry (% of total employment) | 34.23% (2021) |
| Employment in Services (% of total employment) | 43.447% (2021) |
| Unemployment Rate | 5.019% (2022) |
Trade [1]
| Imports of goods and services (current US$) | $8,301,142,857 (2020) |
| Exports of goods and services (current US$) | $8,164,285,714 (2020) |
| Total Merchandise Trade (% of GDP) | 24.251% (2022) |
| FDI, net inflows (BoP, current US$) | $936,039,710 (2022) |
| Commercial Service Exports (current US$) | $268,640,000 (1997) |
Economic Snapshot [1]
Note: Percentile ranks are calculated using the latest available data for all countries within the last 5 years.
How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, Turkmenistan’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.