Markets Actual Q1 Q2 Q3 Q4 2020
Currency 3.49 3.49 3.49 3.49 3.49 3.49
Overview Actual Q1 Q2 Q3 Q4 2020
GDP Annual Growth Rate (%) 6.20 5.8 6 5.9 5.7 5.7
Unemployment Rate (%) 3.30 9 9 9 9 10
Inflation Rate (%) 9.40 8 8 8 8 7
Balance of Trade (USD Million) 7222.00 4074 4074 4074 4074 3827
Current Account (USD Million) -1171.00 -5750 -5750 -5750 -5750 -5750
Current Account to GDP (%) -8.20 -3.1 -3.1 -3.1 -3.1 -4.5
Government Debt to GDP (%) 29.30 32.9 32.9 32.9 32.9 36
Government Budget (% of GDP) -0.90 -0.5 -0.5 -0.5 -0.5 -0.7
GDP Actual Q1 Q2 Q3 Q4 2020
GDP Annual Growth Rate (%) 6.20 5.8 6 5.9 5.7 5.7
GDP (USD Billion) 40.76 45.9 45.9 45.9 45.9 48.6
GDP Constant Prices (USD Billion) 43.27 44.54 44.62 44.58 44.5 47.03
GDP per capita (USD) 7647.90 8312 8312 8312 8312 8645
GDP per capita PPP (USD) 17129.00 17700 17700 17700 17700 17700
Gross Fixed Capital Formation (USD Billion) 21.41 23.4 23.4 23.4 23.4 23.4
Labour Actual Q1 Q2 Q3 Q4 2020
Unemployment Rate (%) 3.30 9 9 9 9 10
Population (Million) 5.85 6.03 6.03 6.03 6.03 6.12
Retirement Age Men 62.00 62 62 62 62 62
Retirement Age Women 57.00 57 57 57 57 57
Prices Actual Q1 Q2 Q3 Q4 2020
Inflation Rate (%) 9.40 8 8 8 8 7
Trade Actual Q1 Q2 Q3 Q4 2020
Balance of Trade (USD Million) 7222.00 4074 4074 4074 4074 3827
Current Account (USD Million) -1171.00 -5750 -5750 -5750 -5750 -5750
Current Account to GDP (%) -8.20 -3.1 -3.1 -3.1 -3.1 -4.5
Imports (USD Million) 2350.78 6002 6002 6002 6002 6502
Exports (USD Million) 9572.83 10076 10076 10076 10076 10328
Crude Oil Production (BBL/D/1K) 250.00 245 245 245 245 245
Government Actual Q1 Q2 Q3 Q4 2020
Government Debt to GDP (%) 29.30 32.9 32.9 32.9 32.9 36
Government Budget (% of GDP) -0.90 -0.5 -0.5 -0.5 -0.5 -0.7
Government Spending (USD Billion) 3.90 4.02 4.03 4.02 4.02 4.25
Taxes Actual Q1 Q2 Q3 Q4 2020
Sales Tax Rate (%) 15.00 15 15 15 15 15
Consumer Actual Q1 Q2 Q3 Q4 2020
Consumer Spending (USD Billion) 4.80 4.9 4.91 4.91 4.9 5.18


This page has economic forecasts for Turkmenistan including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Turkmenistan economy.