Turkmenistan Budget Deficit
General government net lending/borrowing as % of GDP GGXCNL_NGDP
Turkmenistan's budget deficit was 0.07% in 2025, ranked 32nd globally. This represents a 184.3% increase from 2024. Data from IMF WEO, covering 1997–2025.
Overview
Turkmenistan's budget deficit stood at 0.07% in 2025, a rise of +0.15% from 2024. The IMF projects 0.07% by 2025. Turkmenistan ranked 32nd globally.
Turkmenistan’s budget deficit has narrowed dramatically since the 2008 peak of 10.73 percent of GDP, falling to a modest surplus of 0.07 percent in 2025, which places the country 32nd globally. The all‑time trough of –2.84 percent was recorded in 2017, reflecting a brief period of fiscal tightening before the recent swing to surplus. Over the 29‑year series, the deficit trajectory contrasts with peer nations such as Portugal, whose 2025 deficit stands at 0.15 percent, and Jamaica, at 0.01 percent, highlighting Turkmenistan’s relatively stronger fiscal position among the sample. The shift from a deep deficit in the late 2010s to a small surplus suggests improved revenue collection and expenditure control, although the modest surplus remains vulnerable to volatile hydrocarbon earnings. Continued diversification of the fiscal base and disciplined spending will be crucial to sustain the current positive trend and prevent a reversal toward larger deficits.
Data & projection
| Year | Budget Deficit | YoY change | Rank |
|---|---|---|---|
| 2030* IMF | -1.18% | - | - |
| 2029* IMF | -1.00% | - | - |
| 2028* IMF | -0.82% | - | - |
| 2027* IMF | -0.65% | - | - |
| 2026* IMF | -0.48% | - | - |
| 2025* IMF | 0.07% | - | - |
| 2025 | 0.07% | +0.15% | #32 |
| 2024 | -0.08% | −0.19% | #151 |
| 2023 | 0.11% | −3.27% | #153 |
| 2022 | 3.38% | +2.81% | #174 |
| 2021 | 0.57% | +0.72% | #171 |
| 2020 | -0.16% | +0.24% | #176 |
| 2019 | -0.40% | −0.19% | #122 |
| 2018 | -0.22% | +2.62% | #128 |
| 2017 | -2.84% | −0.46% | #77 |
| 2016 | -2.38% | −1.68% | #102 |
| 2015 | -0.70% | −1.59% | #149 |
| 2014 | 0.89% | −0.64% | #157 |
| 2013 | 1.53% | −6.00% | #167 |
| 2012 | 7.53% | +3.69% | #179 |
| 2011 | 3.84% | +1.71% | #173 |
Detected Pattern
Analysis
Turkmenistan matched the Stagflation Risk pattern in 2002. Historically, 38% of countries showing this pattern (117 out of 307) saw budget deficit improve within 24 months. View full analysis →
Frequently Asked Questions
Turkmenistan's budget deficit was 0.07% in 2025. Ranked 32nd globally. This represents a 184.3% increase from the previous year.
Turkmenistan's budget deficit peaked at 10.73% in 2008.
The lowest budget deficit in Turkmenistan was -2.84% in 2017.
Turkmenistan ranks 32nd globally in budget deficit as of 2025.
The World Bank indicator code is GGXCNL_NGDP. Data sourced from IMF WEO.
Turkmenistan's budget deficit is projected to reach 0.07% by 2025 based on IMF projection.
The budget deficit of Turkmenistan in 2025 was 0.07%. This ranks 32nd in the world.
Cite this page
@misc{historysaid_turkmenistan_budget-deficit,
title = {Turkmenistan Budget Deficit},
url = {https://historysaid.com/turkmenistan/budget-deficit/},
publisher = {HistorySaid},
year = {2026}
}