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Turkmenistan Real GDP

Turkmenistan's real GDP rose to $59.35 billion in 2024, up from $58.04 billion in 2023, according to World Bank. This represents an increase of 2.3% ($1.31 billion) from the previous year and accounts for 0.06% of the world's total real GDP. Turkmenistan has real GDP higher than the global median ($59.35 billion vs median $29.34 billion). Compared with the median in Asia, Turkmenistan is lower ($59.35 billion vs regional median $91.45 billion) and ranks 27th out of 47 countries in Asia.

Turkmenistan's GDP per capita rose to $7,919.01 in 2024, up from $7,880.45 in 2023.

Yearly Historical Data (1987-2024)

(in Billion USD)
Year Real GDP (Billion USD)
2024 59.35
2023 58.04
2022 54.6
2021 51.41
2020 48.41
2019 45.71
2018 43
2017 40.49
2016 38.02
2015 35.8
2014 33.61
2013 30.48
2012 27.65
2011 24.89
2010 21.7
2009 19.87
2008 18.73
2007 16.33
2006 14.7
2005 13.25
2004 11.72
2003 11.16
2002 10.81
2001 10.78
2000 10.33
1999 9.8
1998 8.41
1997 7.85
1996 8.86
1995 8.31
1994 8.95
1993 10.82
1992 10.66
1991 12.54
1990 13.15
1989 9.71
1988 10.14
1987 9.13
Turkmenistan Real GDP : Definition
Real GDP is defined as the value of all goods and services produced in Turkmenistan, measured in US dollars adjusted to 2015 prices. By fixing prices to a base year, it removes the effect of inflation, so this represents real GDP rather than nominal GDP.
Indicator Last Value Prior Value Period
GDP $64.24B $60.63B 2024
GDP Annual Growth Rate 2.26% 6.3% 2024
GDP per Capita $7,919.01 $7,880.45 2024
GDP per Capita PPP $17,953.85 $17,866.4 2024
R&D Expenditure (% GDP) 0.14% 0.1% 2022