Markets Actual Q1 Q2 Q3 Q4 2020
Currency 3.49 3.49 3.49 3.49 3.49 3.49
Overview Actual Q1 Q2 Q3 Q4 2020
GDP Annual Growth Rate (%) 6.20 6.2 6 5.9 5.7 6.3
Unemployment Rate (%) 3.40 10 10 10 10 10.5
Inflation Rate (%) 6.50 8 8 8 8 5.1
Balance of Trade (USD Million) 2886.58 4449 4449 4449 4449 5062
Current Account (USD Million) -7105.00 -5900 -5900 -5900 -5900 -5750
Current Account to GDP (%) -12.80 -7.5 -7.5 -7.5 -7.5 -6.9
Government Debt to GDP (%) 28.82 40 40 40 40 38
Government Budget (% of GDP) -0.90 -0.9 -0.9 -0.9 -0.9 -0.7
GDP Actual Q1 Q2 Q3 Q4 2020
GDP Annual Growth Rate (%) 6.20 6.2 6 5.9 5.7 6.3
GDP (USD Billion) 42.36 47.5 47.5 47.5 47.5 49.7
GDP Constant Prices (USD Billion) 39.56 42.02 41.94 41.9 41.82 44.45
GDP per capita (USD) 7317.60 7716 7716 7716 7716 7900
GDP per capita PPP (USD) 16389.00 17286 17286 17286 17286 17700
Gross Fixed Capital Formation (USD Billion) 19.69 22.5 22.5 22.5 22.5 23.4
Labour Actual Q1 Q2 Q3 Q4 2020
Unemployment Rate (%) 3.40 10 10 10 10 10.5
Population (Million) 5.76 5.94 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 Q1 Q2 Q3 Q4 2020
Inflation Rate (%) 6.50 8 8 8 8 5.1
Trade Actual Q1 Q2 Q3 Q4 2020
Balance of Trade (USD Million) 2886.58 4449 4449 4449 4449 5062
Current Account (USD Million) -7105.00 -5900 -5900 -5900 -5900 -5750
Current Account to GDP (%) -12.80 -7.5 -7.5 -7.5 -7.5 -6.9
Imports (USD Million) 4570.95 4454 4454 4454 4454 4501
Exports (USD Million) 7457.53 8903 8903 8903 8903 9563
Crude Oil Production (BBL/D/1K) 245.00 245 245 245 245 245
Government Actual Q1 Q2 Q3 Q4 2020
Government Debt to GDP (%) 28.82 40 40 40 40 38
Government Budget (% of GDP) -0.90 -0.9 -0.9 -0.9 -0.9 -0.7
Government Spending (USD Billion) 3.57 3.79 3.78 3.78 3.77 4.01
Taxes Actual Q1 Q2 Q3 Q4 2020
Sales Tax Rate (%) 15.00 15 15 15 15 15
Consumer Actual Q1 Q2 Q3 Q4 2020
Consumer Spending (USD Billion) 4.19 4.44 4.44 4.43 4.42 4.7


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.