Turkmenistan: Trade (% of GDP)
In , Turkmenistan's Trade (% of GDP) was 28.73.
That's down 15.7% from 2023, the highest value since .
The global average for this indicator in 2024 was 92.19 . Turkmenistan ranks #152 globally out of 160 reporting countries. Within Europe & Central Asia, it ranks #49 of 49.
Source: World Bank Open Data (NE.TRD.GNFS.ZS) • Data as of 2024
Trend (2005–2024)
- 2008 · Global financial crisis
- 2020 · COVID-19 pandemic
- 2014 · Oil price collapse
- 2022 · Russia–Ukraine war begins
Highlights
- Peak
- 111.06
- Trough
- 28.73
- 1-year change
- -15.7%
- 5-year change
- -35.1%
- -8.3% / yr
- 10-year change
- -68.5%
- -10.9% / yr
Historical Data — Last 10 Years
| Year | Trade (% of GDP) |
|---|---|
| 28.7346 | |
| 34.0993 | |
| 37.3610 | |
| 33.0581 | |
| 35.9366 | |
| 44.2858 | |
| 50.9003 | |
| 53.5754 | |
| 62.0461 | |
| 81.2999 |
About Trade (% of GDP)
Trade is the sum of exports and imports of goods and services. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
Indicator code: NE.TRD.GNFS.ZS • Category: Economy
Frequently asked questions
- What was Turkmenistan's Trade (% of GDP) in 2024?
- In 2024, Turkmenistan's Trade (% of GDP) was 28.73, according to World Bank Open Data.
- Is Turkmenistan's Trade (% of GDP) rising or falling?
- Turkmenistan's Trade (% of GDP) fell 15.7% from 2023 to 2024.
- How does Turkmenistan rank globally on Trade (% of GDP)?
- In 2024, Turkmenistan ranked #152 out of 160 countries reporting Trade (% of GDP).
- How does Turkmenistan's Trade (% of GDP) compare to the world average?
- The global average for Trade (% of GDP) in 2024 was 92.19, so Turkmenistan is below the world average. Within Europe & Central Asia, it ranks #49 of 49.
- What is Trade (% of GDP) and how is it measured?
- Trade is the sum of exports and imports of goods and services. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
Source: World Bank Open Data (NE.TRD.GNFS.ZS), CC BY 4.0.