Current Account in Turkmenistan

Turkmenistan Current Account | Economic News & Forecasts

Turkmenistan - Current Account

Although official statistics paint a rosy picture of the economy in the first quarter and the authorities still claim that the coronavirus has not reached the country, the pandemic and its consequent containment measures abroad and at home likely dealt a heavy blow to activity in the first half of the year. The Chinese lockdown will have hammered gas exports, which account for 16% of GDP, while internal restrictions to movement and border closures will be weighing on domestic demand. To cushion the economic fallout, the authorities have reportedly imposed tax relief measures, facilitated access to credit, and increased import substitution. Moreover, exchange restrictions have been tightened, with custom duties on some goods raised, while Turkmen companies reportedly have to surrender their foreign currency income to the government to boost reserve funds.

Turkmenistan - Current Account Data

2015   2016   2017   2018   2019  
Current Account (% of GDP)-15.6  -20.2  -10.4  5.5  -     

Sample Report

5 years of economic forecasts for more than 30 economic indicators.


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

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.

Sign Up

Economic News

Search form