Current Account in Turkmenistan
Turkmenistan - Current Account (billions of U.S. Dollars)Data is fairly positive for the first 11 months of 2021: Customs data shows that exports to China grew in annual terms, suggesting a healthy external sector. In addition, Fitch Ratings’ decision to assign the country a credit rating in August should have boosted international investors’ confidence, facilitating foreign investment inflows. Meanwhile, a trade deal signed in late October with Kazakhstan could increase food supply, easing domestic shortages. Turning to the health crisis, although the country benefited from relatively loose restrictions from April, a reported outbreak in Covid-19 cases, although not confirmed by official sources, seemingly led authorities to tighten measures in July–August. That said, restrictions were eased again on 20 December, boding well for activity at the outset of 2022. In other news, recent border skirmishes with Taliban forces risk increasing tensions.
Turkmenistan - Current Account (USD bn) Data
|Current Account Balance (USD bn)||-5.6||-7.2||-4.4||-3.5||-3.0|
5 years of economic forecasts for more than 30 economic indicators.
Turkmenistan Current Account (USD bn) Chart
|Exchange Rate||3.50||0.01 %||Jan 01|
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