Current Account in Turkmenistan

Turkmenistan Current Account | Economic News & Forecasts

Turkmenistan - Current Account

The economy likely performed relatively well in the first quarter of this year. Government figures show a strong increase in foreign trade turnover in Q1 compared to the same period of 2021, as well as sustained retail sales and productivity growth. Moreover, the volume of loans also expanded robustly in annual terms, according to news agencies. However, the economy has likely experienced some slowdown since the outbreak of the Ukraine war, due to its trade links with Russia and the tourism and remittances flows it receives from the country. That said, Turkmenistan could also stand to benefit as EU countries are considering the country as a potential gas provider as they aim to rely less on Russia. Meanwhile, the IMF recently announced that it will deliver technical assistance to reform the country’s budget and tax system.

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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