Current Account in Turkmenistan

Turkmenistan Current Account | Economic News & Forecasts

Turkmenistan - Current Account

After a probable contraction in Q2 as the fallout from the pandemic took its toll, the economy seemingly recovered somewhat but remained broadly downbeat in Q3, as the restrictions imposed in July likely hurt domestic activity. However, momentum should have been supported by recovering Chinese demand and higher prices for oil and gas. Going into Q4, the ongoing global rise in Covid-19 cases poses a downside risk to external demand and energy prices. In other news, parliament approved the 2021 budget in October, 70% of which is reportedly set aside for social spending. Moreover, the plan pencils in a 10% rise in wages, state benefits, pensions and student allowances, and envisions 6.2% GDP growth for 2021—well above our 4.8% forecast.

Turkmenistan - Current Account Data

2015   2016   2017   2018   2019  
Current Account (% of GDP)-15.6  -20.2  -10.4  5.5  -     

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Turkmenistan Current Account Chart

Turkmenistan Current Account
Note: Current account balance as % of GDP.
Source: IMF

Turkmenistan Facts

Value Change Date
Exchange Rate3.500.01 %Jan 01

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