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Economy of Turkmenistan

Population: 5.2 million in 20131

GDP: $42 billion in 20132

GDP per capita: $7,987 nominal3 ($14,001 PPP4) in 2013

GDP growth rate: 10.2% in 20135


GDP by Industry 20126

Industry sectorValue added ($ millions) 2012Percent of total
Other activities7,19626.0%
Agriculture, hunting, forestry, fishing4,02514.5%
Transport, storage and communication1,8406.6%
Wholesale, retail trade, restaurants and hotels1,2034.3%
Mining and utilities6422.3%
Total value added27,666100%


Unemployment rate: 10.6% in 20137

Employment by Industry 20048

Employment sectorPercent of total


Top 10 Corporations by Revenue 20139



Household Wealth: $138 billion (329% of GDP) in 201410

Household Wealth per Adult: $40,625 in 201410

Gini Coefficient: .408 in 199811


Central Government

Central Government Revenue: $5.9 billion (14% of GDP) in 201312

Central Government Expenditure: $5.4 billion (13% of GDP) in 201312

Central Government Budget Balance: +0.5 billion (+1% of GDP) in 201312

Central Government Public Debt: N/A

Central Government 10 Year Bond Interest Rate: N/A

Government Funds


Tax Structure

Individual Income Tax Rates and Thresholds in 201313

Corporate Tax Rate: 8% in 201414

Monetary Policy

Money Supply (M1): $577 million (14% of GDP) in Dec 201315

Benchmark Interest Rate: N/A

Total Reserves: $22.4 billion (53% of GDP) in Dec 201316

Exchange Rate: 3.50 Turkmenistani Manat = 1 U.S. Dollar17

Inflation: 9% in 201318

Financial Institutions

Top 10 Financial Institutions by Assets 201319

N/A (data not available at Relbanks.com)

International Accounts

Exports: $17.1 billion (41% of GDP) in 201320

Imports: $12.5 billion (30% of GDP) in 201320

Trade Balance: +$4.6 billion (+11% of GDP) in 201320

Foreign Direct Investment Inflow: $3.1 billion (7% of GDP) in 201321

Foreign Direct Investment Outflow: N/A

Foreign Aid Inflow: $38 million (0.1% of GDP)22

Foreign Aid Outflow: N/A


1. Source: World Bank Indicators (Population) Go back
2. Source: World Bank Indicators (GDP) Go back
3. Source: World Bank Indicators (GDP per capita) Go back
4. Source: World Bank Indicators (GDP per capita PPP) Go back
5. Source: World Bank Indicators (GDP growth rate) Go back
6. Source: United Nations Statistics Division (GDP by industry) Go back
7. Source: World Bank Indicators (Unemployment rate) Go back
8. Source: CIA World Factbook (Employment by economic activity) Go back
9. Source: Annual reports (Corporate data) Go back
10. Source: Credit Suisse Global Wealth Databook (Household wealth) Go back
11. Source: CIA World Factbook (Gini coefficient) Go back
12. Source: CIA World Factbook (Government budget) Go back
13. Source: Baker Tilly International (Individual tax rates) Go back
14. Source: Tax Foundation (Corporate tax rate) Go back
15. Source: CIA World Factbook (Money supply) Go back
16. Source: CIA World Factbook (Total reserves) Go back
17. Source: xe.com (Exchange rate) Go back
18. Source: CIA World Factbook (Inflation rate) Go back
19. Source: Relbanks.com (Financial institutions by assets) Go back
20. Source: CIA World Factbook (Trade data) Go back
21. Source: (FDI data) Go back
22. Source: (Aid data) Go back