Turkmenistan: Trade balance, percent of GDP

* indicates monthly or quarterly data series
 Turkmenistan

Trade balance as percent of GDP

 Latest value 8.06
 Year 2021
 Measure percent
 Data availability 1991 - 2021
 Average 1.56
 Min - Max -36.87 - 28.94
 Source The World Bank
For that indicator, we provide data for Turkmenistan from 1991 to 2021. The average value for Turkmenistan during that period was 1.56 percent with a minimum of -36.87 percent in 1998 and a maximum of 28.94 percent in 1992. The latest value from 2021 is 8.06 percent. For comparison, the world average in 2021 based on 160 countries is -4.49 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent values chart
Turkmenistan - Trade balance, percent of GDP - Recent values chart

Historical chart
Turkmenistan - Trade balance, percent of GDP - historical chart - 1991-2021




The trade balance for Turkmenistan and other countries is calculated as the difference between the exports and imports of goods and services, as percent of GDP. A positive number means trade surplus and a negative number means trade deficit.
Definition: External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services).

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 Related indicators Latest value Reference Measure
 Terms of trade 184.90 2021 percent
 Trade openness 33.06 2021 percent
 Financial openness -1.242 2021 index points
 Exports, percent of GDP 20.56 2021 percent
 Exports, billion dollars 10.28 2021 billion U.S. dollars
 Growth of exports 42.54 2006 percent
 Imports, percent of GDP 12.50 2021 percent
 Imports, billion dollars 6.25 2021 billion U.S. dollars
 Foreign Direct Investment, percent of GDP 1.66 2022 percent
 Foreign Direct Investment, billion dollars 0.94 2022 billion U.S. dollars
 Current account, percent of GDP 4.20 2022 percent
 Trade balance, percent of GDP 8.06 2021 percent
 Reserves 1.51 1999 billion U.S. dollars
 Remittances, percent of GDP 0.00 2022 percent
 Remittances 0.00 2022 million U.S. dollars
 External debt 8.09 2022 percent
 Short-term external debt 2.22 2022 percent
 Short-term debt to reserves 20.56 1999 percent
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