Fiscal Balance in Turkmenistan

Turkmenistan Fiscal Balance | Economic News & Forecasts

Turkmenistan - Fiscal Balance

The economy grew 6.3% year-on-year in January–November of 2019 largely on the back of strong agricultural and industrial production, according to official figures. Reports have also shown that exports from the hydrocarbon-dependent economy likely remained buoyant last year and might have set a new record, primarily due to rapid-increasing demand for natural gas from China, which has become Turkmenistan’s largest export market, and to a lesser extent Russia. This positive scenario, however, comes against a rather dire situation presented by alternative reports, which have exposed a country mired in an economic crisis where tight import and currency controls have stoked inflationary pressures and exacerbated food shortages.

Turkmenistan - Fiscal Balance Data

2013  2014  2015  2016  2017  
Fiscal Balance (% of GDP)1.5  0.9  -0.7  -2.4  -2.8  

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Turkmenistan Fiscal Balance Chart

Turkmenistan Fiscal
Note: Fiscal balance as % of GDP
Source: IMF

Turkmenistan Facts

Exchange Rate3.500.01 %Jan 01

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