Fiscal Balance in Turkmenistan
Turkmenistan - Fiscal BalanceThe 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
|Fiscal Balance (% of GDP)||1.5||0.9||-0.7||-2.4||-2.8|
5 years of economic forecasts for more than 30 economic indicators.
Turkmenistan Fiscal Balance Chart
|Exchange Rate||3.50||0.01 %||Jan 01|
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