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%.

Turkmenistan GDP from 1992 to 2024

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

Change Chart

    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)

    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