In 2023, the largest sector in Turkmenistan by GDP composition was Mining, Manufacturing, and Utilities, contributing 42.42% of GDP. The Services sector followed at 25.03%, while Agriculture, hunting, forestry, and fishing accounted for 13.44%. Construction contributed 8.53%, Transport, storage, and communication added 6.4%, and Wholesale, retail trade, restaurants, and hotels rounded out the composition at 4.19%. Over the last two years, these sectors experienced notable fluctuations, aligning with global economic trends. The average annual growth over the past five years highlights a stable yet cautious expansion, particularly in non-resource-based sectors.
Future trends to watch in Turkmenistan’s GDP composition include potential shifts due to modernization efforts in services and industrial diversification. Energy sector developments may also impact the Mining, Manufacturing, and Utilities sector's dominance. Continued investment in infrastructure and regional trade could further alter the Construction and Transport sectors' contributions, suggesting potential growth in these areas.
Top countries in GDP Composition by Sector
# | 6 Countries | Percent | Last Year | |
---|---|---|---|---|
1 | 1 Mining, Manufacturing, Utilities | 42.42 | 2016 | |
2 | 2 Services | 25.03 | 2016 | |
3 | 3 Agriculture, hunting, forestry, fishing | 13.44 | 2016 | |
4 | 4 Construction | 8.53 | 2016 | |
5 | 5 Transport, storage and communication | 6.4 | 2016 | |
6 | 6 Wholesale, retail trade, restaurants and hotels | 4.19 | 2016 |