Current Account in Turkmenistan
Turkmenistan - Current Account
While official data presents a rosy picture of the economy, international reports have contested this. According to figures released by Turkmenistan’s Statistical Institute, the external sector contributed positively to growth in H1, underpinned by robust export growth. On the domestic side, retail sales were up notably in the period, suggesting household spending improved, shored up by rising wages and increased bank lending. Contrasting this, a report by the London-based Foreign Policy Centre argued that the economy is mired in crisis owing to low gas prices, the halt of gas exports to Russia in 2016–2019 and poor harvests—spurring hyperinflation and widespread food shortages. In other news, Turkmenistan hosted the first Caspian Economic Forum on 11–12 August, aimed at boosting foreign investment and exploring business opportunities offered by the Caspian Sea with the other four Caspian states.Turkmenistan - Current Account Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Current Account (% of GDP) | -7.3 | -6.1 | -15.6 | -20.2 | -10.3 |
Turkmenistan Current Account Chart
Source: IMF
Turkmenistan Facts
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 3.50 | 0.01 % | Sep 04 |
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