Turkmenistan

1980

2026

2030

Turkmenistan

1980

2026

2030

Turkmenistan Economic Statistics (2026)

What to know

GDP per capita (PPP) in 2026: $23,542—a middle income level.

The economy has grown at an average rate of 4.2% over the past 5 years.

Inflation is high at 5.0%, eroding purchasing power.

Key statistics for 2026

GDP per capita (PPP)

$23,542

GDP growth

+2.3%

Inflation rate

5.0%

Key terms

GDP: — Gross Domestic Product—the total value of goods and services produced in a country annually.
GDP PPP: — GDP adjusted for purchasing power parity—what money actually buys in each country.
GDP per capita: — GDP divided by population—a measure of average economic output per person.
Inflation rate: — Annual percentage increase in the general price level of goods and services.
Fiscal balance: — Government revenue minus expenditure. Surplus if positive, deficit if negative.
Current account: — Net flow of goods, services, and transfers with the rest of the world.

Output & Growth

How large is the economy?

Total economic output and annual growth rate

Total GDP is $77 billion, with steady growth of 2.3% in 2026.

Living Standards

How wealthy are citizens on average?

Average economic output per person

GDP per capita is $11,387 in nominal terms, but $23,542 when adjusted for local purchasing power—indicating lower prices than in the US.

Prices & Employment

How severe is inflation?

Consumer price inflation and labor market conditions

Inflation is 5.0% in 2026.

Government Finances

How sustainable are public finances?

Government debt, revenue, and expenditure as percentage of GDP

Government debt is low at 4% of GDP. The government spends more than it collects (revenue: 13.5%, expenditure: 14.0% of GDP).

External & Fiscal Balance

What is the external and fiscal balance?

Fiscal balance and current account as percentage of GDP

The country is running a fiscal deficit of 0.5% and a current account surplus of 0.7% of GDP.

The bottom line

Turkmenistan is a middle-income economy with GDP per capita (PPP) of $24k. The economy has been growing rapidly, averaging 4.2% annually. High inflation (5.0%) is a challenge.