Current Account in Turkmenistan
Turkmenistan - Current Account
After a probable contraction in Q2 as the fallout from the pandemic took its toll, the economy seemingly recovered somewhat but remained broadly downbeat in Q3, as the restrictions imposed in July likely hurt domestic activity. However, momentum should have been supported by recovering Chinese demand and higher prices for oil and gas. Going into Q4, the ongoing global rise in Covid-19 cases poses a downside risk to external demand and energy prices. In other news, parliament approved the 2021 budget in October, 70% of which is reportedly set aside for social spending. Moreover, the plan pencils in a 10% rise in wages, state benefits, pensions and student allowances, and envisions 6.2% GDP growth for 2021—well above our 4.8% forecast.Turkmenistan - Current Account Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Current Account (% of GDP) | -15.6 | -20.2 | -10.4 | 5.5 | - |
Turkmenistan Current Account Chart
Source: IMF
Turkmenistan Facts
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 3.50 | 0.01 % | Jan 01 |
Sample Report
Get a sample report showing our regional, country and commodities data and analysis.
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
Economic News
© Copyright: 2021. | Turkmenistan Current Account | Privacy Policy | Cookies Policy | Terms & Conditions | Sitemap | RSS feed
