Markets Actual Q2 Q3 Q4 Q1 2022
Currency 3.49 3.49 3.49 3.49 3.49 3.49

Overview Actual Q2 Q3 Q4 Q1 2022
GDP Annual Growth Rate (%) 6.20 6.5 6.5 6 6 5.9
Unemployment Rate (%) 3.90 4 4 4 3.8 3.8
Inflation Rate (%) 10.00 8 8 8 10 10
Balance of Trade (USD Million) 6782.60 4074 3827 5062 5062 3827
Current Account (USD Million) 418.00 -5750 -5750 -5750 -5750 -5750
Current Account to GDP (%) 5.10 -4.5 -4.5 -4.5 -4.5 -4.5
Government Debt to GDP (%) 30.90 34.5 34.5 34.5 34.5 34.5
Government Budget (% of GDP) -0.20 -3.7 -3.7 -3.7 -3.7 -1.5

GDP Actual Q2 Q3 Q4 Q1 2022
GDP Annual Growth Rate (%) 6.20 6.5 6.5 6 6 5.9
GDP (USD Billion) 40.76 41.5 41.5 41.5 41.5 42.2
GDP Constant Prices (USD Billion) 44.57 47.3 44.79 49.8 49.8 49.8
GDP per capita (USD) 7647.90 8645 8645 8645 8645 8977
GDP per capita PPP (USD) 14845.30 17700 17700 17700 17533 18227
Gross Fixed Capital Formation (USD Billion) 22.11 23.4 23.4 23.4 23.4 23.4

Labour Actual Q2 Q3 Q4 Q1 2022
Unemployment Rate (%) 3.90 4 4 4 3.8 3.8
Population (Million) 6.00 6.12 6.12 6.12 6.12 6.21
Retirement Age Men 62.00 62 62 62 62 62
Retirement Age Women 57.00 57 57 57 57 57

Prices Actual Q2 Q3 Q4 Q1 2022
Inflation Rate (%) 10.00 8 8 8 10 10

Trade Actual Q2 Q3 Q4 Q1 2022
Balance of Trade (USD Million) 6782.60 4074 3827 5062 5062 3827
Current Account (USD Million) 418.00 -5750 -5750 -5750 -5750 -5750
Current Account to GDP (%) 5.10 -4.5 -4.5 -4.5 -4.5 -4.5
Imports (USD Million) 2912.79 6502 6502 6502 6502 6832
Exports (USD Million) 9695.39 10328 10328 10328 10328 10580
Crude Oil Production (BBL/D/1K) 183.00 245 245 245 245 245

Government Actual Q2 Q3 Q4 Q1 2022
Government Debt to GDP (%) 30.90 34.5 34.5 34.5 34.5 34.5
Government Budget (% of GDP) -0.20 -3.7 -3.7 -3.7 -3.7 -1.5
Government Spending (USD Billion) 4.02 4.27 4.04 4.5 4.5 4.5

Taxes Actual Q2 Q3 Q4 Q1 2022
Sales Tax Rate (%) 15.00 15 15 15 15 15

Consumer Actual Q2 Q3 Q4 Q1 2022
Consumer Spending (USD Billion) 4.85 5.21 4.97 5.48 5.48 5.48


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.