Turkmenistan's GDP changed from approximately $1B 625M in 1992 to $81B 896M in 2024, showing an overall 4939.8% sharply increased during the period.
The lowest GDP was recorded in 1992 at $1B 625M, and the highest in 2024 at $81B 896M.
Over the 32-year span, the GDP showed a overall increase with some decline trend, with an average annual growth rate of 13.0%.
For comparison, the average annual growth rate of Kazakhstan was 15.6%, and that of Uzbekistan was 10.1%.
Turkmenistan GDP from 1992 to 2024
The total market value of goods and services produced annually in Turkmenistan.
Overview of Turkmenistan's GDP (1992–2024)
The Gross Domestic Product (GDP) of Turkmenistan recorded a 4939.8% sharply increased from 1992 to 2024.
The average GDP during this period was $34B 326M, and the median was $36B 577M.
GDP fluctuated within a range of $80B 271M, with a standard deviation of $23B 364M.
The average annual change was $2B 307M.
Highest and Lowest GDP Records
- Lowest GDP: 1992, $1B 625M
- Highest GDP: 2024, $81B 896M
- Most Recent GDP: 2024, $81B 896M
Notable Annual GDP Changes
- 2022: Significant increase in GDP
- 2015: Noticeable drop in GDP
Overall pattern: overall increase with some decline
Global Economic Events and Turkmenistan's GDP
COVID-19 Pandemic (2020)
- Period: From 2019 to 2020
- GDP Change: $53B 35M → $52B 385M
- Outcome: declined
2008 Global Financial Crisis
- Period: From 2007 to 2009
- GDP Change: $44B 388M → $34B 562M
- Outcome: sharply declined
2001 Dot-com Bubble Burst
- Period: From 2000 to 2001
- GDP Change: $8B 587M → $11B 855M
- Outcome: sharply increased
1998 Asian Financial Crisis
- Period: From 1997 to 1998
- GDP Change: $4B 584M → $4B 893M
- Outcome: increased
Key Economic Indicators of Turkmenistan (1992–2024)
| year | GDP Growth | Nominal GDP | PPP GDP | GDP per Capita | PPP per Capita | Savings | Population | Current Account | Fiscal Balance |
|---|---|---|---|---|---|---|---|---|---|
1992 | 0 % | $ 1B 625M | $ 17B 401M | $ 395.23 | $ 4,231.34 | 0 % | 4M 112K people | 0 % | 0 % |
1993 | -10 % | $ 9B 169M | $ 16B 32M | $ 2,207.35 | $ 3,859.49 | 0 % | 4M 154K people | 0 % | 0 % |
1994 | -17.3 % | $ 7B 765M | $ 13B 541M | $ 1,822.09 | $ 3,177.50 | 0 % | 4M 262K people | 0 % | 0 % |
1995 | -7.2 % | $ 10B 43M | $ 12B 830M | $ 2,304.52 | $ 2,944.04 | 0 % | 4M 358K people | 0 % | 0 % |
1996 | -6.7 % | $ 4B 67M | $ 12B 189M | $ 916.04 | $ 2,744.86 | 0 % | 4M 441K people | 0.044 % | 0 % |
1997 | -11.3 % | $ 4B 584M | $ 10B 998M | $ 1,016 | $ 2,437.66 | 0 % | 4M 512K people | -12.648 % | 0 % |
1998 | 6.7 % | $ 4B 893M | $ 11B 867M | $ 1,069.86 | $ 2,594.73 | 0 % | 4M 574K people | -19.099 % | 0 % |
1999 | 16.499 % | $ 6B 595M | $ 14B 21M | $ 1,424.37 | $ 3,028.31 | 0 % | 4M 630K people | -8.663 % | 0 % |
2000 | 18.587 % | $ 8B 587M | $ 17B 4M | $ 1,833.16 | $ 3,630.11 | 0 % | 4M 684K people | 4.801 % | 0 % |
2001 | 20.391 % | $ 11B 855M | $ 20B 932M | $ 2,502.84 | $ 4,419.29 | 0 % | 4M 736K people | 0.967 % | 0 % |
2002 | 15.768 % | $ 14B 875M | $ 24B 609M | $ 3,107.48 | $ 5,140.95 | 0 % | 4M 787K people | 3.918 % | 0 % |
2003 | 17.095 % | $ 19B 533M | $ 29B 385M | $ 4,038.50 | $ 6,075.45 | 0 % | 4M 837K people | 1.557 % | 0 % |
2004 | 14.692 % | $ 24B 272M | $ 34B 608M | $ 4,966.20 | $ 7,081.02 | 0 % | 4M 887K people | 0.338 % | 0 % |
2005 | 13.04 % | $ 29B 363M | $ 40B 348M | $ 5,943.36 | $ 8,166.81 | 0 % | 4M 940K people | 2.979 % | 0 % |
2006 | 10.967 % | $ 36B 577M | $ 46B 153M | $ 7,320.70 | $ 9,237.36 | 0 % | 4M 996K people | 9.161 % | 0 % |
2007 | 11.057 % | $ 44B 388M | $ 52B 645M | $ 8,780.47 | $ 10,413.84 | 0 % | 5M 55K people | 9.094 % | 0 % |
2008 | 14.747 % | $ 36B 788M | $ 61B 573M | $ 7,189.29 | $ 12,032.91 | 0 % | 5M 117K people | 9.678 % | 0 % |
2009 | 6.133 % | $ 34B 562M | $ 65B 751M | $ 6,670.90 | $ 12,691.14 | 0 % | 5M 181K people | -11.336 % | 0 % |
2010 | 16.026 % | $ 35B 164M | $ 77B 217M | $ 6,675.04 | $ 14,657.84 | 0 % | 5M 268K people | -8.888 % | 0 % |
2011 | 12.66 % | $ 44B 413M | $ 88B 787M | $ 8,284.78 | $ 16,562.30 | 0 % | 5M 361K people | -0.746 % | 0 % |