Turkmenistan: Trade openness
* indicates monthly or quarterly data series
| Turkmenistan |
Trade openness: exports plus imports as percent of GDP |
|---|---|
| Latest value | 34.10 |
| Year | 2023 |
| Measure | percent |
| Data availability | 1991 - 2023 |
| Average | 84.02 |
| Min - Max | 33.06 - 170.26 |
| Source | The World Bank |
The latest value from 2023 is 34.1 percent, a decline from 37.36 percent in 2022. In comparison, the world average is 95.00 percent, based on data from 154 countries. Historically, the average for Turkmenistan from 1991 to 2023 is 84.02 percent. The minimum value, 33.06 percent, was reached in 2021 while the maximum of 170.26 percent was recorded in 1994.
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Definition: Exports plus imports as percent of GDP.
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Terms of trade | 184.90 | 2021 | percent |
| Trade openness | 34.10 | 2023 | percent |
| Financial openness | -1.242 | 2021 | index points |
| Exports, percent of GDP | 21.62 | 2023 | percent |
| Exports, billion dollars | 13.11 | 2023 | billion U.S. dollars |
| Growth of exports | 42.54 | 2006 | percent |
| Imports, percent of GDP | 12.95 | 2023 | percent |
| Imports, billion dollars | 7.56 | 2023 | billion U.S. dollars |
| Foreign Direct Investment, percent of GDP | 2.30 | 2023 | percent |
| 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 | 0.00 | 2023 | percent |
| Short-term debt to reserves | 20.56 | 1999 | percent |