Gross Fixed Capital Formation — Share of GDP Standard Local Currency in Turkmenistan
Turkmenistan: Gross Fixed Capital Formation — Share of GDP Standard Local Currency was 50.01 % in 2024. ▲ Rising
Gross Fixed Capital Formation — Share of GDP Standard Local Currency in Turkmenistan, 1991–2024
Source: Food and Agriculture Organization of the United Nations. Measured in %.
Analysis
In 2024, gross fixed capital formation — share of gdp standard local currency in Turkmenistan stood at 50.01 %.
That represents a change of up 0.9% on the previous year and up 0.4% over ten years.
Over the whole period, gross fixed capital formation — share of gdp standard local currency in Turkmenistan peaked at 51.93 % in 2011 and was at its lowest, 18.6 %, in 2007.
That places Turkmenistan 5th out of 194 countries with data for 2024, putting it in the top 10%.
The long-run direction has been consistently rising across the 34 years of available data.
Gross Fixed Capital Formation — Share of GDP Standard Local Currency in Turkmenistan, year by year
| Year | % | Change |
|---|---|---|
| 1991 | 32.05 % | — |
| 1992 | 33.53 % | +4.6% |
| 1993 | 34.85 % | +3.9% |
| 1994 | 27.44 % | -21.3% |
| 1995 | 23.14 % | -15.7% |
| 1996 | 41.29 % | +78.4% |
| 1997 | 40.94 % | -0.8% |
| 1998 | 45.5 % | +11.1% |
| 1999 | 39.67 % | -12.8% |
| 2000 | 35.38 % | -10.8% |
| 2001 | 32.56 % | -8.0% |
| 2002 | 27.56 % | -15.4% |
| 2003 | 25.42 % | -7.8% |
| 2004 | 23.06 % | -9.3% |
| 2005 | 22.92 % | -0.6% |
| 2006 | 19.5 % | -14.9% |
| 2007 | 18.6 % | -4.6% |
| 2008 | 31.7 % | +70.4% |
| 2009 | 46.6 % | +47.0% |
| 2010 | 51.88 % | +11.3% |
| 2011 | 51.93 % | +0.1% |
| 2012 | 47.2 % | -9.1% |
| 2013 | 50.34 % | +6.6% |
| 2014 | 49.82 % | -1.0% |
| 2015 | 49.12 % | -1.4% |
| 2016 | 49.76 % | +1.3% |
| 2017 | 49.57 % | -0.4% |
| 2018 | 49.48 % | -0.2% |
| 2019 | 49.6 % | +0.2% |
| 2020 | 49.55 % | -0.1% |
| 2021 | 49.55 % | -0.0% |
| 2022 | 49.57 % | +0.0% |
| 2023 | 49.55 % | -0.0% |
| 2024 | 50.01 % | +0.9% |
Turkmenistan compared with similar countries
- Turkmenistan's 50.01 % is above the median for upper middle income countries, which is 23.67 %, 2.1× the median. (51 countries reporting)
- Turkmenistan's 50.01 % is above the median for Europe & Central Asia, which is 23.57 %, 2.1× the median. (48 countries reporting)
Biggest year-on-year movements
Years where Gross Fixed Capital Formation — Share of GDP Standard Local Currency in Turkmenistan changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1996 | +78.4% | 23.14 % | 41.29 % |
| 2008 | +70.4% | 18.6 % | 31.7 % |
| 2009 | +47.0% | 31.7 % | 46.6 % |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 35.38 % | 23.14 % | 45.5 % | 9 |
| 2000s | 28.33 % | 18.6 % | 46.6 % | 10 |
| 2010s | 49.87 % | 47.2 % | 51.93 % | 10 |
| 2020s | 49.65 % | 49.55 % | 50.01 % | 5 |
Countries ranked near Turkmenistan
- 2 Gabon 56.1 % compare
- 2 United Republic of Tanzania 45.11 % compare
- 3 Cabo Verde 12.29 % compare
- 3 Syrian Arab Republic 35.18 % compare
- 3 Vanuatu 56.05 % compare
- 4 Qatar 53.93 % compare
- 4 Viet Nam 31.17 % compare
- 5 Micronesia (Federated States of) 29.72 % compare
- 6 Bhutan 48.29 % compare
- 6 Lao People's Democratic Republic 28.93 % compare
- 7 Türkiye 25.09 % compare
- 7 Uzbekistan 46.62 % compare
- 8 Algeria 43.68 % compare
- 8 Timor-Leste 19.5 % compare
More economy & growth data for Turkmenistan
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.23 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.25 Percent per annum (2029)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 1.64 billion BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 19.33 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0372 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 219.46 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 9.96 % change on previous year (1999)
- Total reserves (includes gold, current US$), per unit of GDP 0.6174 includes gold, current US$ per US$ of GDP (1999)
- Total reserves (includes gold, current US$), per capita 336.81 includes gold, current US$ per person (1999)
- Total reserves minus gold (current US$), annual growth rate 9.96 % change on previous year (1999)
Frequently asked questions
- What is gross fixed capital formation — share of gdp standard local currency in Turkmenistan?
- Gross fixed capital formation — share of gdp standard local currency in Turkmenistan was 50.01 % in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross fixed capital formation — share of gdp standard local currency recorded in Turkmenistan?
- The highest recorded value was 51.93 % in 2011.
- What is the lowest gross fixed capital formation — share of gdp standard local currency recorded in Turkmenistan?
- The lowest recorded value was 18.6 % in 2007.
- How does Turkmenistan rank for gross fixed capital formation — share of gdp standard local currency?
- Turkmenistan ranks 5th out of 194 countries with data for 2024.
- Is gross fixed capital formation — share of gdp standard local currency rising or falling in Turkmenistan?
- Over the last ten years it is up 0.4%. The long-run trend across the full record is rising.
- Where does this Turkmenistan data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Fixed Capital Formation — Share of GDP Standard Local Currency, 2015 prices. Statizoid updates them automatically from the source API.
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About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).