Source: world bank Nominal/PPP
Summary:
Turkmenistan GDP Per Capita expanded from 1987 to 2024, increasing from $675.22 to $6,856.66 .The compound annual growth rate (CAGR) averaged 6.47% over the period. The economy recorded its peak level in 2014 and its lowest level in 1999. Growth volatility remained high. The maximum drawdown reached 35.68%, indicating the largest cyclical decline from peak levels. The country experienced 5 recession episode(s) during the observed period.
Turkmenistan Economic Phases (1987 - 2024)
From 1987 to 2024, Turkmenistan economy moved through multiple cyclical phases marked by alternating periods of rapid expansion and contraction.
- Contraction (1991–1993) indicating temporary slowdown
- Contraction (1995–1996) indicating temporary slowdown
- Expansion (1997–1998) indicating steady moderate growth
- High Growth (2000–2008) indicating robust economic expansion
- High Growth (2010–2014) indicating robust economic expansion
- Contraction (2019–2021) indicating temporary slowdown
- High Growth (2023–2024) indicating robust economic expansion
The most remarkable growth occurred in 2008 with an increase of 49.299%, while the largest decline was in 1994 at -21.091%.