Turkmenistan's PPP conversion factor, households and NPISHs Final consumption expenditure (LCU per international $) was 1.57 in 2021, the latest year in the World Bank's World Development Indicators. That is up 7.5% from 1.46 in 2011 (0.73% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 1.57 | 2021 |
| Five years earlier | 1.54 | 2016 |
| Ten years earlier | 1.46 | 2011 |
| Highest | 1.61 | 2018 |
| Lowest | 1.46 | 2012 |
| Average since 2012 | 1.53 | 2012–2021 |
| First recorded | 1.46 | 2011 |
What the numbers say
In 2021, Turkmenistan's PPP conversion factor, households and NPISHs Final consumption expenditure (LCU per international $) rose 0.08 on 2020 (from 1.49 to 1.57).
Across the 9 yearly changes before that (2012 to 2020), the average change was +0.0031 and a typical year strayed about 0.04 from that (the standard deviation). This year's change was 1.8 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.
On record, the biggest yearly rise was 0.08 in 2021 and the biggest yearly fall was 0.07 in 2019. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2012 to 2021 there is no clear straight-line trend: a straight line explains 30% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2021, Turkmenistan had the 10th highest value of the 25 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 2021 ranking
What this measures
The purchasing power parity (PPP) conversion factor is a currency conversion factor and a spatial price deflator. They convert different currencies to a common currency and, in the process of conversion, equalize their purchasing power by eliminating the differences in price levels between countries, thereby allowing volume or output comparisons of gross domestic product (GDP) and its expenditure components. This conversion factor is for households and NPISHs Final consumption expenditure and the base currency is the US dollar.
Limitations: Global PPP estimates provided by ICP are produced by the ICP Global Office and regional implementing agencies, based on data supplied by the national implementing agencies in the participating economies, and in accordance with the methodology recommended by the ICP Technical Advisory Group and approved by the ICP Governing Board. As such, these results are not produced by participating economies as part of their national official statistics.
Regional and income-group figures are computed by the World Bank as a no aggregation provided for this indicator..
All 11 values
| Year | PPP conversion factor, households and NPISHs Final consumption expenditure (LCU per international $) |
|---|---|
| 2021 | 1.57 |
| 2020 | 1.49 |
| 2019 | 1.54 |
| 2018 | 1.61 |
| 2017 | 1.58 |
| 2016 | 1.54 |
| 2015 | 1.56 |
| 2014 | 1.5 |
| 2013 | 1.49 |
| 2012 | 1.46 |
PPP conversion factor, households and NPISHs Final consumption expenditure (LCU per international $) in nearby economies
- Albania — 47.12 (2025)
- Armenia — 158.53 (2025)
- Austria — 0.75 (2025)
- Azerbaijan — 0.54 (2025)
- Belarus — 0.85 (2025)
- Belgium — 0.77 (2025)
- Bosnia and Herzegovina — 0.77 (2025)
More economic policy & debt data for Turkmenistan
- Adjusted savings, education expenditure (% of GNI) — 2.32% (2021)
- Adjusted savings, mineral depletion (current US$) — 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 PPP conversion factor, households and NPISHs Final consumption expenditure (LCU per international $)?
- 1.57 in 2021, according to the World Bank (World Development Indicators).
- How has it changed since 2011?
- It is up 7.5% from 1.46 in 2011 (0.73% a year on average, compounded). The highest value was 1.61 in 2018 and the lowest 1.46 in 2012.
- How does Turkmenistan rank?
- 10th highest of 25 economies with data for 2021.
Source
World Bank, World Development Indicators, indicator PA.NUS.PRVT.PP, licensed CC BY 4.0. Original source: International Comparison Program (ICP), World Bank (WB), uri: https://www.worldbank.org/en/programs/icp/data, publisher: International Comparison Program, type: International statistical program, date accessed: May 30, 2024, date published: May 30, 2024; The Eurostat PPP Programme, Eurostat (ESTAT),… 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.
Want to ask your own questions of data like this? Try AnalyzeIt: upload a file or ask about public data in plain words, and every figure comes with its working.
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