Real gdp growth in Turkmenistan
Turkmenistan: Real gdp growth was 3.42 in 2024. ◆ Volatile
Real gdp growth in Turkmenistan, 1993–2024
Source: Our World in Data.
Analysis
Turkmenistan recorded 3.42 for real gdp growth in 2024.
Compared with earlier readings it is down 19.7% on the previous year and down 34.7% over ten years.
Over the whole period, real gdp growth in Turkmenistan peaked at 21.51 in 2011 and was at its lowest, -17.3, in 1994.
That places Turkmenistan 102nd out of 196 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Real gdp growth in Turkmenistan, year by year
| Year | Value | Change |
|---|---|---|
| 1993 | -10 | — |
| 1994 | -17.3 | +73.0% |
| 1995 | -7.2 | -58.4% |
| 1996 | -6.7 | -6.9% |
| 1997 | -11.3 | +68.7% |
| 1998 | 6.7 | -159.3% |
| 1999 | 16.5 | +146.3% |
| 2000 | 18.59 | +12.7% |
| 2001 | 20.39 | +9.7% |
| 2002 | 15.77 | -22.7% |
| 2003 | 17.09 | +8.4% |
| 2004 | 14.69 | -14.1% |
| 2005 | 13.04 | -11.2% |
| 2006 | 10.97 | -15.9% |
| 2007 | 11.06 | +0.8% |
| 2008 | 14.75 | +33.4% |
| 2009 | 6.13 | -58.4% |
| 2010 | 17.15 | +179.6% |
| 2011 | 21.51 | +25.4% |
| 2012 | 16.88 | -21.6% |
| 2013 | 10.16 | -39.8% |
| 2014 | 5.23 | -48.5% |
| 2015 | 0.838 | -84.0% |
| 2016 | 3.72 | +343.9% |
| 2017 | 4.29 | +15.3% |
| 2018 | 4.78 | +11.5% |
| 2019 | 5.11 | +6.8% |
| 2020 | -1.56 | -130.6% |
| 2021 | 9.89 | -734.0% |
| 2022 | 3.35 | -66.2% |
| 2023 | 4.26 | +27.2% |
| 2024 | 3.42 | -19.7% |
Turkmenistan compared with similar countries
- Turkmenistan's 3.42 is below the median for upper middle income countries, which is 3.49, 98% of the median. (57 countries reporting)
- Turkmenistan's 3.42 is above the median for Europe & Central Asia, which is 2.55, 1.3× the median. (51 countries reporting)
Biggest year-on-year movements
Years where Real gdp growth 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 |
|---|---|---|---|
| 2021 | +734.0% | -1.56 | 9.89 |
| 2016 | +343.9% | 0.838 | 3.72 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | -4.19 | -17.3 | 16.5 | 7 |
| 2000s | 14.25 | 6.13 | 20.39 | 10 |
| 2010s | 8.97 | 0.838 | 21.51 | 10 |
| 2020s | 3.87 | -1.56 | 9.89 | 5 |
Countries ranked near Turkmenistan
- 99 Syrian Arab Republic 3.44 compare
- 100 Peru 3.44 compare
- 101 Liechtenstein, Principality of 3.43 compare
- 103 Gabon 3.39 compare
- 104 Bahamas, The 3.38 compare
- 105 Barbados 3.37 compare
More economy & growth data for Turkmenistan
- Real gdp growth, annual growth rate -19.73 % change on previous year (2024)
- 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)
- SDRs holdings, US dollar, annual growth rate 4.97 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0071 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 46.24 units per person (2025)
- SDRs holdings, SDR, annual growth rate -0.0365 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0052 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 33.76 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
Frequently asked questions
- What is real gdp growth in Turkmenistan?
- Real gdp growth in Turkmenistan was 3.42 in 2024, according to Our World in Data.
- What is the highest real gdp growth recorded in Turkmenistan?
- The highest recorded value was 21.51 in 2011.
- What is the lowest real gdp growth recorded in Turkmenistan?
- The lowest recorded value was -17.3 in 1994.
- How does Turkmenistan rank for real gdp growth?
- Turkmenistan ranks 102nd out of 196 countries with data for 2024.
- Is real gdp growth rising or falling in Turkmenistan?
- Over the last ten years it is down 34.7%. The long-run trend across the full record is volatile.
- Where does this Turkmenistan data come from?
- The figures come from Our World in Data, published as part of Real gdp growth. Statizoid updates them automatically from the source API.
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