[ Nominal GDP in billions of USD ]
Year -
$51.39 billions
Turkmenistan GDP expanded from 1987 to 2024, increasing from $2.33 billion to $51.39 billion.The compound annual growth rate (CAGR) averaged 8.72% over the period. The economy recorded its peak level in 2024 and its lowest level in 1987. Growth volatility remained high. The maximum drawdown reached 25.86%, indicating the largest cyclical decline from peak levels. The country experienced 5 recession episode(s) during the observed period.
| Metric | Nominal GDP (Current USD) | GDP (PPP, Int$) |
|---|---|---|
| Latest Year | 2024 | 2024 |
| Latest GDP | $ 51.39 Billions | $ 158.98 Int Billions |
| Growth (YoY) | 11.968% | 8.869% |
| Net Change vs Previous Year | $ 5.49 Billion | $ 12.95 Int Billion |
| % of World GDP | 0.05% | 0.08% |
| Meaning | Nominal GDP (Current USD, exchange-rate based) | GDP (PPP, cost-of-living adjusted) |
| Nominal | PPP | |||||
|---|---|---|---|---|---|---|
| Year | Bil $ | Net Chg | % Chg | Int Bil $ | Net Chg | % Chg |
| 1960 | - | - | - | - | - | - |
| 1961 | - | - | - | - | - | - |
| 1962 | - | - | - | - | - | - |
| 1963 | - | - | - | - | - | - |
| 1964 | - | - | - | - | - | - |
| 1965 | - | - | - | - | - | - |
| 1966 | - | - | - | - | - | - |
| 1967 | - | - | - | - | - | - |
| 1968 | - | - | - | - | - | - |
| 1969 | - | - | - | - | - | - |
| 1970 | - | - | - | - | - | - |
| 1971 | - | - | - | - | - | - |
| 1972 | - | - | - | - | - | - |
| 1973 | - | - | - | - | - | - |
| 1974 | - | - | - | - | - | - |
| 1975 | - | - | - | - | - | - |
| 1976 | - | - | - | - | - | - |
| 1977 | - | - | - | - | - | - |
| 1978 | - | - | - | - | - | - |
| 1979 | - | - | - | - | - | - |
| 1980 | - | - | - | - | - | - |
| 1981 | - | - | - | - | - | - |
| 1982 | - | - | - | - | - | - |
| 1983 | - | - | - | - | - | - |
| 1984 | - | - | - | - | - | - |
| 1985 | - | - | - | - | - | - |
| 1986 | - | - | - | - | - | - |
| 1987 | 2.33 | - | - | - | - | - |
| 1988 | 3.01 | 0.68 | 29.151 % | - | - | - |
| 1989 | 3.01 | 0 | -0.133 % | - | - | - |
| 1990 | 3.19 | 0.18 | 6.071 % | 20.01 | - | - |
| 1991 | 3.21 | 0.02 | 0.582 % | 19.73 | -0.28 | -1.379 % |
| 1992 | 3.2 | -0.01 | -0.236 % | 17.16 | -2.57 | -13.028 % |
| 1993 | 3.18 | -0.02 | -0.666 % | 17.83 | 0.67 | 3.906 % |
| 1994 | 2.56 | -0.62 | -19.442 % | 15.06 | -2.77 | -15.534 % |
| 1995 | 2.48 | -0.08 | -3.08 % | 14.27 | -0.79 | -5.254 % |
| 1996 | 2.38 | -0.1 | -4.168 % | 15.51 | 1.23 | 8.653 % |
| 1997 | 2.45 | 0.07 | 3.01 % | 13.97 | -1.53 | -9.872 % |
| 1998 | 2.61 | 0.16 | 6.339 % | 15.13 | 1.16 | 8.304 % |
| 1999 | 2.45 | -0.16 | -5.953 % | 17.88 | 2.75 | 18.149 % |
| 2000 | 2.9 | 0.45 | 18.53 % | 19.29 | 1.41 | 7.858 % |
| 2001 | 3.53 | 0.63 | 21.693 % | 20.58 | 1.29 | 6.693 % |
| 2002 | 4.46 | 0.93 | 26.232 % | 20.95 | 0.37 | 1.815 % |
| 2003 | 5.98 | 1.52 | 33.962 % | 22.06 | 1.11 | 5.308 % |
| 2004 | 6.84 | 0.86 | 14.403 % | 23.79 | 1.73 | 7.824 % |
| 2005 | 8.1 | 1.27 | 18.507 % | 27.73 | 3.94 | 16.578 % |
| 2006 | 10.28 | 2.17 | 26.811 % | 31.73 | 3.99 | 14.396 % |
| 2007 | 12.66 | 2.39 | 23.232 % | 36.19 | 4.46 | 14.068 % |
| 2008 | 19.27 | 6.61 | 52.174 % | 42.31 | 6.12 | 16.91 % |
| 2009 | 20.21 | 0.94 | 4.893 % | 45.17 | 2.86 | 6.754 % |
| 2010 | 22.58 | 2.37 | 11.718 % | 49.92 | 4.75 | 10.527 % |
| 2011 | 29.23 | 6.65 | 29.448 % | 58.44 | 8.52 | 17.066 % |
| 2012 | 35.16 | 5.93 | 20.288 % | 64.1 | 5.66 | 9.683 % |
| 2013 | 39.2 | 4.03 | 11.47 % | 69.63 | 5.53 | 8.621 % |
| 2014 | 43.52 | 4.33 | 11.038 % | 75.8 | 6.17 | 8.866 % |
| 2015 | 35.8 | -7.72 | -17.748 % | 79.03 | 3.23 | 4.266 % |
| 2016 | 36.17 | 0.37 | 1.033 % | 82.17 | 3.14 | 3.967 % |
| 2017 | 37.93 | 1.76 | 4.857 % | 86.4 | 4.24 | 5.155 % |
| 2018 | 40.77 | 2.84 | 7.486 % | 95.63 | 9.23 | 10.678 % |
| 2019 | 40.81 | 0.04 | 0.11 % | 105.31 | 9.68 | 10.123 % |
| 2020 | 41.51 | 0.7 | 1.715 % | 104.88 | -0.43 | -0.407 % |
| 2021 | 40.59 | -0.92 | -2.216 % | 116.55 | 11.67 | 11.128 % |
| 2022 | 42.21 | 1.62 | 3.988 % | 132.6 | 16.05 | 13.772 % |
| 2023 | 45.89 | 3.69 | 8.732 % | 146.03 | 13.43 | 10.125 % |
| 2024 | 51.39 | 5.49 | 11.968 % | 158.98 | 12.95 | 8.869 % |
Between 1987 to 2024, Turkmenistan experienced the following economic phases:
The most remarkable growth occurred in 2008 with an increase of 52.174%, while the largest decline was in 1994 at -19.442%.