Exports in Turkmenistan
Turkmenistan - Exports (percent change)International reports have exposed the grave crisis gripping the hydrocarbon-dependent economy, contrary to official figures. A slump in gas prices in 2014–2016 and a freeze on gas exports to Russia in 2016–2019, as well as to Iran from 2017, have weighed on the all-important energy sector and undermined overall private-sector activity. Reports have also revealed persistent food shortages owing to tight import controls, which have kept the manat significantly overvalued. In turn, inflation has spiked and hard currency has become increasingly scarce. On 12 November, the IMF concluded its mission to the country. The Fund highlighted the need to open up the economy and remove exchange controls, along with pursuing market-based reforms to improve prospects.
Turkmenistan - Exports (%) Data
|Exports (annual variation in %)||14.3||3.5||-16.0||-19.8||-1.0|
5 years of economic forecasts for more than 30 economic indicators.
Turkmenistan Exports (%) Chart
Source: World Bank
|Exchange Rate||3.50||0.01 %||Nov 21|
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