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.
Data Source: International Monetary Fund
Image Source: Freepik from www.flaticon.com
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 | Nominal GDP | GDP per Capita | PPP per Capita | PPP GDP | GDP Growth | Current Account | Savings | Fiscal Balance | Population |
|---|---|---|---|---|---|---|---|---|---|
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 |
