Turkmenistan - Economic Forecasts - 2018-2020 Outlook

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 Q2/18 Q3/18 Q4/18 Q1/19 2020
Currency 3.49
3.61 3.73 3.85 3.98 4.54
GDP Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
GDP Annual Growth Rate 6.20
percent
5.6 6.4 5.6 6.4 6.3
GDP 36.18
USD Billion
34.25 34.12 34 30.9 31
GDP Constant Prices 39.56
USD Billion
41.78 42.1 44.45 42.1 50.04
GDP per capita 6986.90
USD
7163 7736 7296 7942 8089
GDP per capita PPP 15648.40
USD
16042 16192 16341 17787 18116
LABOUR Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Unemployment Rate 3.40
percent
9 9 9 10 10.5
Population 5.66
Million
5.7 5.72 5.74 5.77 6.07
Retirement Age Men 62.00
62 62 62 62 62
Retirement Age Women 57.00
57 57 57 57 57
PRICES Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Inflation Rate 6.17
percent
5.8 5.9 6.1 5.8 5.1
TRADE Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Balance of Trade 1969.56
USD Million
3135 3151 4656 3589 4987
Exports 6963.89
USD Million
8203 7745 7288 7597 9524
Imports 4994.33
USD Million
5068 4595 4121 4007 4537
Current Account -7105.00
USD Million
-7105 -7105 -7105 -7105 -7105
Current Account to GDP -12.80
percent
-17 -17 -17 -12 -10
Terrorism Index 0.00
0 0 0 0 0.01
Crude Oil Production 235.00
BBL/D/1K
245 245 245 245 245
GOVERNMENT Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Government Debt to GDP 36.50
percent
41 41 41 40 38
Government Budget -0.90
percent of GDP
-0.59 -0.86 -1.14 -1.09 -1.12
Government Spending 3.57
USD Billion
3.77 3.8 4.01 3.8 4.52
BUSINESS Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Internet Speed 3624.90
KBps
3480 3505 3552 3562 3535
IP Addresses 721.00
IP
476 427 388 362 404
Corruption Index 19.00
Points
19 19 19 19 19
Corruption Rank 167.00
167 167 167 167 167
CONSUMER Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Consumer Spending 4.19
USD Billion
4.42 4.45 4.7 4.45 5.29
TAXES Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Sales Tax Rate 15.00
percent
15 15 15 15 15
CLIMATE Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Precipitation 12.68
mm
13.78 2.29 11.92 22.32 12.84
Temperature 5.42
celsius
21.62 26.44 7.73 3.55 15.15