The Gross Domestic Product (GDP) in Turkmenistan expanded 6.30 percent in the fourth quarter of 2024 over the same quarter of the previous year. GDP Annual Growth Rate in Turkmenistan averaged 5.81 percent from 1994 until 2024, reaching an all time high of 16.50 percent in 1999 and a record low of -17.30 percent in 1994. source: National Institute of State Statistics and Information, Turkmenistan

GDP Annual Growth Rate in Turkmenistan is expected to reach 6.20 percent by the end of 2026, according to Trading Economics global macro models and analysts expectations. In the long-term, the Turkmenistan GDP Annual Growth Rate is projected to trend around 5.90 percent in 2027 and 6.00 percent in 2028, according to our econometric models.



Related Last Previous Unit Reference
GDP 64.24 60.63 USD Billion Dec 2024
GDP Annual Growth Rate 6.30 6.30 percent Dec 2024
GDP Constant Prices 54.49 51.26 USD Billion Dec 2023
GDP per Capita 7919.01 7880.45 USD Dec 2024
GDP per Capita PPP 17953.85 17866.40 USD Dec 2024
Gross Fixed Capital Formation 27.00 25.41 USD Billion Dec 2023


Turkmenistan GDP Annual Growth Rate
Turkmenistan, once one of the poorest and least developed former members of the Soviet Union, has been one of the fastest growing economies in recent years. The most important sector of the economy is oil and natural gas extraction, which accounts for more than 60 percent of GDP. Although agriculture accounts for only 10 percent of GDP, it employs 50 percent of the labour force. Turkmenistan is the world's largest producer of cotton per capita. While the government has recently enacted much needed reforms in agriculture and banking, reduced subsidies for fuel and is promoting tourism, it remains mostly authoritarian and in control of the economy. Furthermore, bureaucracy and corruption still hamper foreign direct investments.
Actual Previous Highest Lowest Dates Unit Frequency
6.30 6.30 16.50 -17.30 1994 - 2024 percent Yearly
NSA