Turkmenistan's gross fixed capital formation, private sector (current LCU) was 39.24 billion in 2024, the latest year in the World Bank's World Development Indicators. That is down 13.54% from 45.38 billion in 2014 (1.44% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 39.24 billion | 2024 |
| Five years earlier | 33.81 billion | 2019 |
| Ten years earlier | 45.38 billion | 2014 |
| Highest | 53.01 billion | 2016 |
| Lowest | 3.92 billion | 2005 |
| Average since 2015 | 39.76 billion | 2015–2024 |
| First recorded | 3.92 billion |
What the numbers say
In 2024, Turkmenistan's gross fixed capital formation, private sector (current LCU) rose 6.8% on 2023 (from 36.74 billion to 39.24 billion).
Across the 18 yearly changes before that (2006 to 2023), the average change was +19.6% and a typical year strayed about 51.8% from that (the standard deviation). This year's change was 0.2 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 211.6% in 2008 and the biggest yearly fall was 25.2% in 2018. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2015 to 2024 the straight-line trend is downward, about 1.91 billion a year. A straight line explains 49% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2024, Turkmenistan had the 8th highest value of the 13 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
Closest to Turkmenistan in the 2024 ranking
What this measures
Private investment covers outlays by the private sector (including private nonprofit agencies) on additions to its fixed domestic assets. Gross fixed capital formation includes acquisitions less disposals of fixed assets during the accounting period, including certain specified expenditures on services that add to the value of non-produced assets. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.
All 20 values
| Year | Gross fixed capital formation, private sector (current LCU) |
|---|---|
| 2024 | 39,239,600,000 |
| 2023 | 36,744,900,000 |
| 2022 | 33,955,500,000 |
| 2021 | 29,102,000,000 |
| 2020 | 33,821,900,000 |
| 2019 | 33,809,900,000 |
| 2018 | 37,815,500,000 |
| 2017 | 50,585,400,000 |
| 2016 | 53,008,400,000 |
| 2015 | 49,550,000,000 |
Gross fixed capital formation, private sector (current LCU) in nearby economies
- Croatia — 18.33 billion (2025)
- Kosovo — 2.54 billion (2024)
- North Macedonia — 184.24 billion (2024)
- Poland — 446.24 billion (2024)
- Romania — 341.66 billion (2024)
- Russian Federation — 21.93 trillion (2021)
More economic policy & debt data for Turkmenistan
- Adjusted savings, education expenditure (% of GNI) — 2.32% (2021)
- Adjusted savings, mineral depletion (current US$) — US$0 (2021)
- Adjusted savings, energy depletion (current US$) — US$4.57 billion (2021)
- Agriculture, forestry, and fishing, value added (current US$) — US$6.16 billion (2025)
- Agriculture, forestry, and fishing, value added (current LCU) — 33.47 billion (2025)
- Agriculture, forestry, and fishing, value added (% of GDP) — 12.36% (2025)
- Industry, including construction, value added (current US$) — US$17.93 billion (2025)
- Industry, including construction, value added (current LCU) — 97.45 billion (2025)
Reading data like this
Questions people ask
- What is Turkmenistan's gross fixed capital formation, private sector (current LCU)?
- 39.24 billion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 2005?
- It is up 900.58% from 3.92 billion in 2005 (12.89% a year on average, compounded). The highest value was 53.01 billion in 2016 and the lowest 3.92 billion in 2005.
- How does Turkmenistan rank?
- 8th highest of 13 economies with data for 2024.
- Is the latest change in gross fixed capital formation, private sector (current LCU) unusual for Turkmenistan?
- In 2024, Turkmenistan's gross fixed capital formation, private sector (current LCU) rose 6.8% on 2023 (from 36.74 billion to 39.24 billion). Across the 18 yearly changes before that (2006 to 2023), the average change was +19.6% and a typical year strayed about 51.8% from that (the standard deviation). This year's change was 0.2 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator NE.GDI.FPRV.CN, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); Staff estimates, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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