ASHGABAT, Turkmenistan, July 12. The International Monetary Fund (IMF) forecasts steady growth and rising inflation in Turkmenistan through 2030, Trend reports, citing the IMF.
Turkmenistan’s economy is expected to expand steadily over the medium term, though rising inflation and weakening external balances may pose policy challenges.
Real GDP growth is projected to remain stable at 2.3 percent annually from 2024 through 2030, while the size of the economy is set to grow from $82.5 billion in 2024 to $139.4 billion by 2030. In terms of GDP per capita, Turkmenistan is expected to reach nearly $20,000 in purchasing power parity terms by 2030.
However, the IMF projects a continued decline in the current account surplus—falling from 3.1 percent of GDP in 2024 to a deficit of 2.6 percent by 2030—reflecting slower export growth and rising imports. While exports are forecast to contract slightly in 2025, imports are expected to accelerate, reaching growth of 8.2 percent annually in the latter half of the decade.
Inflation is also projected to rise, with the average consumer price index (CPI) reaching 8 percent by 2026 and remaining at that level through 2030. The country’s fiscal position is expected to deteriorate modestly, as the government balance shifts from a 0.2 percent surplus in 2025 to a 0.8 percent deficit by 2030. Still, Turkmenistan’s public debt remains among the lowest globally, with gross government debt projected to stay below 5 percent of GDP.
The IMF’s prognostication indicates that although Turkmenistan's macroeconomic underpinnings exhibit stability, sustained long-term resilience necessitates ongoing capital infusion, diversification of export portfolios, and judicious management of inflationary pressures.
