Turkmenistan: Trade balance, percent of GDP

* indicates monthly or quarterly data series
 Turkmenistan

Trade balance as percent of GDP

 Latest value 9.28
 Year 2023
 Measure percent
 Data availability 1991 - 2023
 Average 2.13
 Min - Max -36.87 - 28.94
 Source The World Bank
The latest value from 2023 is 9.28 percent, a decline from 12.92 percent in 2022. In comparison, the world average is -3.03 percent, based on data from 137 countries. Historically, the average for Turkmenistan from 1991 to 2023 is 2.13 percent. The minimum value, -36.87 percent, was reached in 1998 while the maximum of 28.94 percent was recorded in 1992. 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 data
Turkmenistan - Trade balance, percent of GDP - Recent values chart

Historical series
Turkmenistan - Trade balance, percent of GDP - historical chart - 1991-2023




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).

Selected articles from our guide:

What factors determine the exchange rates

International lending and sovereign debt

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 Related indicators Latest Reference Measure
 Terms of trade 184.90 2021 percent
 Trade openness 35.17 2023 percent
 Financial openness -1.242 2021 index points
 Exports, percent of GDP 22.23 2023 percent
 Exports, billion dollars 13.31 2023 billion U.S. dollars
 Growth of exports 42.54 2006 percent
 Imports, percent of GDP 12.95 2023 percent
 Imports, billion dollars 7.75 2023 billion U.S. dollars
 Foreign Direct Investment, percent of GDP 2.30 2023 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 9.28 2023 percent
 Reserves 1.51 1999 billion U.S. dollars
 Remittances, percent of GDP 0.19 1996 percent
 Remittances 4.42 1996 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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