Current Account in Turkmenistan

Turkmenistan Current Account | Economic News & Forecasts

Turkmenistan - Current Account

Turkmenistan’s economy remains the subject of controversy. On the one hand, after its Article IV visit on 26 March, the IMF concluded that a reduction in public investment last year had weighed on growth. Moreover, private investment and consumption have also suffered from tight currency controls and import restrictions, which have fueled inflation. On the other hand, official sources maintain that growth was robust last year and healthy momentum carried over into the first quarter, with GDP rising 6.2% annually in Q1 thanks to upbeat industrial production and sustained export growth. Although a higher-than-expected jump in oil prices likely granted a temporary boost in Q1, structural and market-driven reforms remain critical to diversifying the economy away from hydrocarbons and achieving sustainable growth.

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

ValueChangeDate
Exchange Rate3.500.01 %May 13

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