Current Account in Turkmenistan

Turkmenistan Current Account | Economic News & Forecasts

Turkmenistan - Current Account

The economy approached year-end on a solid footing, with the latest figures showing solid growth into Q4 on the back of sturdy industrial gains and buoyant exports. On the external front, improved oil and gas receipts, coupled with import restrictions, look to have enabled a year-end reduction of the current-account deficit. However, growth should ease in the near-term as officials slash government spending in their efforts to transition to a more market-driven economy. The move is part of the government’s seven-year development plan aimed at reducing dependence on hydrocarbons, by diversifying industrial output through private-sector initiatives.

Turkmenistan - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)-7.4  -6.1  -15.5  -19.1  -     

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Turkmenistan Current Account Chart

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

Turkmenistan Facts

Exchange Rate3.500.01 %Jan 16

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