Current Account in Turkmenistan

Turkmenistan Current Account | Economic News & Forecasts

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  

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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 %Sep 04

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