Current Account in Turkmenistan

Turkmenistan Current Account | Economic News & Forecasts

Turkmenistan - Current Account

Available data for the first nine months of this year is fairly positive: Customs data shows that exports to China returned to growth in annual terms, pointing to a robust external sector. Meanwhile, activity likely benefited from a loosening of Covid-19 restrictions in April. Moreover, Fitch Ratings’ decision to assign the country a credit rating in August should boost international investors’ confidence, potentially attracting foreign investment. That said, a reported outbreak in Covid-19 cases, although not confirmed by official sources, seemingly led authorities to tighten restrictions in July–August. Additionally, reports of food shortages and a spike in inflation suggest downbeat private consumption. On the upside, a trade deal signed in late October with Kazakhstan could increase food supply, easing the situation.

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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