Turkmenistan GDP Trends from 1992 to 2024: A overall increase with some decline Flow

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%.

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.


Turkmenistan GDP from 1992 to 2024

The total market value of goods and services produced annually in Turkmenistan.

Change Chart

    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)

    yearNominal GDPGDP per CapitaPPP per CapitaPPP GDPGDP GrowthCurrent AccountSavingsFiscal BalancePopulation
    1992
    $ 1B 625M
    $ 395.23
    $ 4,231.34
    $ 17B 401M
    0 %
    0 %
    0 %
    0 %
    4M 112K people
    1993
    $ 9B 169M
    $ 2,207.35
    $ 3,859.49
    $ 16B 32M
    -10 %
    0 %
    0 %
    0 %
    4M 154K people
    1994
    $ 7B 765M
    $ 1,822.09
    $ 3,177.50
    $ 13B 541M
    -17.3 %
    0 %
    0 %
    0 %
    4M 262K people
    1995
    $ 10B 43M
    $ 2,304.52
    $ 2,944.04
    $ 12B 830M
    -7.2 %
    0 %
    0 %
    0 %
    4M 358K people
    1996
    $ 4B 67M
    $ 916.04
    $ 2,744.86
    $ 12B 189M
    -6.7 %
    0.044 %
    0 %
    0 %
    4M 441K people
    1997
    $ 4B 584M
    $ 1,016
    $ 2,437.66
    $ 10B 998M
    -11.3 %
    -12.648 %
    0 %
    0 %
    4M 512K people
    1998
    $ 4B 893M
    $ 1,069.86
    $ 2,594.73
    $ 11B 867M
    6.7 %
    -19.099 %
    0 %
    0 %
    4M 574K people
    1999
    $ 6B 595M
    $ 1,424.37
    $ 3,028.31
    $ 14B 21M
    16.499 %
    -8.663 %
    0 %
    0 %
    4M 630K people
    2000
    $ 8B 587M
    $ 1,833.16
    $ 3,630.11
    $ 17B 4M
    18.587 %
    4.801 %
    0 %
    0 %
    4M 684K people
    2001
    $ 11B 855M
    $ 2,502.84
    $ 4,419.29
    $ 20B 932M
    20.391 %
    0.967 %
    0 %
    0 %
    4M 736K people
    2002
    $ 14B 875M
    $ 3,107.48
    $ 5,140.95
    $ 24B 609M
    15.768 %
    3.918 %
    0 %
    0 %
    4M 787K people
    2003
    $ 19B 533M
    $ 4,038.50
    $ 6,075.45
    $ 29B 385M
    17.095 %
    1.557 %
    0 %
    0 %
    4M 837K people
    2004
    $ 24B 272M
    $ 4,966.20
    $ 7,081.02
    $ 34B 608M
    14.692 %
    0.338 %
    0 %
    0 %
    4M 887K people
    2005
    $ 29B 363M
    $ 5,943.36
    $ 8,166.81
    $ 40B 348M
    13.04 %
    2.979 %
    0 %
    0 %
    4M 940K people
    2006
    $ 36B 577M
    $ 7,320.70
    $ 9,237.36
    $ 46B 153M
    10.967 %
    9.161 %
    0 %
    0 %
    4M 996K people
    2007
    $ 44B 388M
    $ 8,780.47
    $ 10,413.84
    $ 52B 645M
    11.057 %
    9.094 %
    0 %
    0 %
    5M 55K people
    2008
    $ 36B 788M
    $ 7,189.29
    $ 12,032.91
    $ 61B 573M
    14.747 %
    9.678 %
    0 %
    0 %
    5M 117K people
    2009
    $ 34B 562M
    $ 6,670.90
    $ 12,691.14
    $ 65B 751M
    6.133 %
    -11.336 %
    0 %
    0 %
    5M 181K people
    2010
    $ 35B 164M
    $ 6,675.04
    $ 14,657.84
    $ 77B 217M
    16.026 %
    -8.888 %
    0 %
    0 %
    5M 268K people
    2011
    $ 44B 413M
    $ 8,284.78
    $ 16,562.30
    $ 88B 787M
    12.66 %
    -0.746 %
    0 %
    0 %
    5M 361K people