Country risk ranking


HIGH RISK for enterprise

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

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GDP USD40.8bn (World ranking 94, World Bank 2018)
Population 5.85mn (World ranking 112, World Bank 2018)
Form of state Presidential Republic (authoritarian)
Head of government Gurbanguly BERDIMUHAMEDOW (President)
Next elections 2023, legislative
  • Fourth-largest natural gas reserves in the world
  • Low level of gross external debt
  • Highly authoritarian political regime
  • Unstable situation at the border between Turkmenistan and Afghanistan
  • Weak economic diversification
  • High export dependence on China (accounting for about 50% of Turkmenistan's exports) and on hydrocarbons (around 85%)
  • Continued high inflation rates
  • Weak business environment (weak rule of law, high level of perceived corruption)

Contact Euler Hermes

Economic Research Team