Turkmenistan Government Debt to GDP
General government gross debt as % of GDP GGXWDG_NGDP
Turkmenistan's government debt to gdp was 3.86% in 2025, ranked 179th globally. This represents a 6.3% decrease from 2024. Data from IMF WEO, covering 1997–2025.
Overview
Turkmenistan's government debt to gdp stood at 3.86% in 2025, a decline of +0.26% from 2024. The IMF projects 3.86% by 2025. Turkmenistan ranked 179th globally.
Turkmenistan’s government debt-to‑GDP ratio has collapsed from an all‑time peak of 81.61 % in 1998 to a historic trough of 3.06 % in 2007, and the IMF World Economic Outlook records it at 3.85 % in 2025, ranking 179th globally. This dramatic contraction reflects a fiscal strategy that has relied heavily on hydrocarbon revenues and limited external borrowing, allowing the country to maintain a debt profile comparable to small island economies such as Tuvalu (3.64 %) while remaining well above Brunei Darussalam’s 2.33 % figure. Over the 29‑year coverage period, the ratio has averaged well below the regional norm, underscoring the durability of Turkmenistan’s low‑debt stance despite occasional fluctuations in oil prices. Continued reliance on export earnings and constrained fiscal deficits suggest the debt ratio is likely to stay near current levels, although a sharp downturn in commodity markets or a shift toward expansive public investment could alter the trajectory.
Data & projection
| Year | Government Debt to GDP | YoY change | Rank |
|---|---|---|---|
| 2030* IMF | 3.78% | - | - |
| 2029* IMF | 3.62% | - | - |
| 2028* IMF | 3.46% | - | - |
| 2027* IMF | 3.44% | - | - |
| 2026* IMF | 3.63% | - | - |
| 2025* IMF | 3.86% | - | - |
| 2025 | 3.86% | −0.26% | #179 |
| 2024 | 4.11% | −1.35% | #4 |
| 2023 | 5.46% | −1.68% | #4 |
| 2022 | 7.14% | −5.15% | #6 |
| 2021 | 12.29% | −3.07% | #8 |
| 2020 | 15.36% | −2.36% | #9 |
| 2019 | 17.72% | −4.79% | #12 |
| 2018 | 22.52% | −2.18% | #26 |
| 2017 | 24.70% | +3.61% | #30 |
| 2016 | 21.08% | +2.13% | #22 |
| 2015 | 18.95% | +2.98% | #23 |
| 2014 | 15.97% | −4.38% | #25 |
| 2013 | 20.35% | +2.41% | #33 |
| 2012 | 17.94% | +3.19% | #27 |
| 2011 | 14.76% | +7.72% | #23 |
Detected Pattern
Analysis
Turkmenistan matched the Stagflation Risk pattern in 2002. Historically, 38% of countries showing this pattern (117 out of 307) saw government debt to gdp improve within 24 months. View full analysis →
Frequently Asked Questions
Turkmenistan's government debt to gdp was 3.86% in 2025. Ranked 179th globally. This represents a 6.3% decrease from the previous year.
Turkmenistan's government debt to gdp peaked at 81.61% in 1998.
The lowest government debt to gdp in Turkmenistan was 3.06% in 2007.
Turkmenistan ranks 179th globally in government debt to gdp as of 2025.
The World Bank indicator code is GGXWDG_NGDP. Data sourced from IMF WEO.
Turkmenistan's government debt to gdp is projected to reach 3.86% by 2025 based on IMF projection.
The government debt to gdp of Turkmenistan in 2025 was 3.86%. This ranks 179th in the world.
Cite this page
@misc{historysaid_turkmenistan_government-debt-to-gdp,
title = {Turkmenistan Government Debt to GDP},
url = {https://historysaid.com/turkmenistan/government-debt-to-gdp/},
publisher = {HistorySaid},
year = {2026}
}