This page has economic forecasts for Turkmenistan including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Turkmenistan economy.


MARKETS Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Currency 3.49
3.51 3.52 3.54 3.55 3.62
GDP Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
GDP Annual Growth Rate 6.20
percent
6.5 6.2 6 5.9 6.3
GDP 42.36
USD Billion
44.9 47.5 47.5 47.5 49.7
GDP Constant Prices 39.56
USD Billion
42.13 42.02 41.94 41.9 47.34
GDP per capita 7317.60
USD
7536 7716 7716 7716 7900
GDP per capita PPP 16389.00
USD
16717 17286 17286 17286 17700
Gross Fixed Capital Formation 19.69
USD Billion
21.7 22.5 22.5 22.5 23.4
LABOUR Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Unemployment Rate 3.40
percent
9 10 10 10 10.5
Population 5.76
Million
5.85 5.94 5.94 5.94 6.05
Retirement Age Men 62.00
62 62 62 62 62
Retirement Age Women 57.00
57 57 57 57 57
PRICES Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Inflation Rate 6.50
percent
8.6 8 8 8 5.1
TRADE Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Balance of Trade 2886.58
USD Million
3651 4449 4449 4449 5062
Exports 7457.53
USD Million
8351 8903 8903 8903 9563
Imports 4570.95
USD Million
4700 4454 4454 4454 4501
Current Account -7105.00
USD Million
-6300 -5900 -5900 -5900 -5750
Current Account to GDP -12.80
percent
-9 -7.5 -7.5 -7.5 -6.9
Terrorism Index 0.00
0 0 0 0 0
Crude Oil Production 245.00
BBL/D/1K
245 245 245 245 245
External Debt 508683.00
USD Thousand
602490 614614 626738 638862 677399
GOVERNMENT Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Government Debt to GDP 28.82
percent
41 40 40 40 38
Government Budget -0.90
percent of GDP
-0.8 -0.9 -0.9 -0.9 -0.7
Government Spending 3.57
USD Billion
3.8 3.79 3.78 3.78 4.27
BUSINESS Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Internet Speed 3624.90
KBps
3552 3562 3539 3536 3535
IP Addresses 721.00
IP
388 362 348 344 404
Corruption Index 19.00
Points
19 19 19 19 19
Corruption Rank 167.00
167 167 167 167 167
CONSUMER Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Consumer Spending 4.19
USD Billion
4.46 4.44 4.44 4.43 5.01
TAXES Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Sales Tax Rate 15.00
percent
15 15 15 15 15
CLIMATE Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Precipitation 12.68
mm
11.92 22.32 12.65 12.65 12.84
Temperature 5.42
celsius
7.73 3.55 24.02 17.77 15.15



Turkmenistan - Economic Forecasts - 2018-2020 Outlook