GDP in Turkmenistan

Turkmenistan GDP | Economic News & Forecasts

Turkmenistan - GDP

According to official figures, the economy expanded a robust 6.3% in Q1 from the previous quarter on the back of solid private sector activity. However, the fallout from the Covid-19 pandemic and the collapse in global oil prices, which have severely depressed oil and gas revenues, is set to deal a heavy blow to the economy this year. While authorities still claim there are no virus cases, President Berdymukhamedov announced measures in the beginning of April to cushion the impact of the pandemic, including increased import-substitution; heightened levels of industrial self-sufficiency; additional credit to small- and medium-sized firms; and tax deferrals. The government's budget is currently being revised to account for these measures but there are no details of the size of the package thus far.

Turkmenistan - GDP Data

2014   2015   2016   2017   2018  
Economic Growth (GDP, annual variation in %)10.3  6.5  6.2  6.5  6.2  

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Turkmenistan GDP Chart


Turkmenistan GDP
Note: Annual variation of gross domestic product (GDP) in %.
Source: State Statistical Committee of Turkmenistan (SSCT).

Turkmenistan Facts

Value Change Date
Exchange Rate3.500.01 %Jan 01

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