Turkmenistan External Debt
Total external debt stocks DT.DOD.DECT.CD
Turkmenistan's external debt was $2.7B in 2025, ranked 95th globally. This represents a 17.6% decrease from 2024. Data from World Bank, covering 1993–2025.
Overview
Turkmenistan's external debt stood at $2.7B in 2025, a decline of +$583.1M from 2024. Based on recent trends, this figure is projected to reach $2.7B by 2025. Turkmenistan ranked 95th globally.
Turkmenistan’s external debt has risen sharply since the early 1990s, expanding from a low of 276,435,325.00 in 1993 to a peak of 8,650,279,590.80 in 2017 before receding to 2,737,263,801.88 in 2025, ranking 95th globally. The debt trajectory reflects a period of aggressive borrowing in the mid‑2010s, likely linked to large‑scale infrastructure projects and diversification efforts away from hydrocarbon revenues, followed by a modest consolidation phase after 2017. Compared with peers of similar rank, Turkmenistan’s 2025 debt is slightly lower than Chad’s 3,174,981,231.59 and Bhutan’s 3,363,878,714.23, yet higher than Botswana’s 2,506,247,006.17, suggesting a moderate exposure relative to regional counterparts. Over the 33‑year span, the debt‑to‑GDP ratio has remained manageable, but any resurgence in external borrowing to finance new projects could reverse the recent downward trend, while sustained fiscal discipline would likely keep the debt trajectory on a declining path.
Data & projection
| Year | External Debt | YoY change | Rank |
|---|---|---|---|
| 2027* trend | $1.5B | - | - |
| 2026* trend | $2.1B | - | - |
| 2025* trend | $2.7B | - | - |
| 2025 | $2.7B | −$583.1M | #95 |
| 2024 | $3.3B | −$597.3M | #26 |
| 2023 | $3.9B | −$727.7M | #34 |
| 2022 | $4.6B | −$340.9M | #38 |
| 2021 | $5.0B | −$784.6M | #40 |
| 2020 | $5.8B | −$879.5M | #44 |
| 2019 | $6.7B | −$1.5B | #48 |
| 2018 | $8.2B | −$490.5M | #55 |
| 2017 | $8.7B | +$482.9M | #57 |
| 2016 | $8.2B | +$1.2B | #59 |
| 2015 | $7.0B | −$357.2M | #55 |
| 2014 | $7.4B | −$918.0M | #56 |
| 2013 | $8.3B | +$1.7B | #63 |
| 2012 | $6.5B | +$2.3B | #58 |
| 2011 | $4.3B | +$2.6B | #48 |
Detected Pattern
Analysis
Turkmenistan matched the Stagflation Risk pattern in 2002. Historically, 38% of countries showing this pattern (117 out of 307) saw external debt improve within 24 months. View full analysis →
Frequently Asked Questions
Turkmenistan's external debt was $2.7B in 2025. Ranked 95th globally. This represents a 17.6% decrease from the previous year.
Turkmenistan's external debt peaked at $8.7B in 2017.
The lowest external debt in Turkmenistan was $276.4M in 1993.
Turkmenistan ranks 95th globally in external debt as of 2025.
The World Bank indicator code is DT.DOD.DECT.CD. Data sourced from World Bank.
Turkmenistan's external debt is projected to reach $2.7B by 2025 based on trend extrapolation.
Turkmenistan's external debt was approximately 2.74 billion ($2.7B) in 2025.
The external debt of Turkmenistan in 2025 was $2.7B. This ranks 95th in the world.
Cite this page
@misc{historysaid_turkmenistan_external-debt,
title = {Turkmenistan External Debt},
url = {https://historysaid.com/turkmenistan/external-debt/},
publisher = {HistorySaid},
year = {2026}
}