Current Account in Turkmenistan

Turkmenistan Current Account | Economic News & Forecasts

Turkmenistan - Current Account

The economy appears to have closed 2018 in good shape, with recent data suggesting that sturdy industrial production and buoyant exports supported growth in Q4. The external sector likely benefited from a jump in natural gas prices in the last quarter, buttressed by increased demand from China as the country moves away from coal owing to tougher pollution laws. On 30 January, officials announced plans to privatize the state-owned transport system. This is reflective of broader moves towards a more market-driven economy, which should help alleviate the country’s fiscal woes and promote diversification away from the current dependence on hydrocarbons.

Turkmenistan - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)-7.4  -6.1  -15.5  -19.1  -     

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Turkmenistan Current Account Chart

Turkmenistan Current Account
Note: Current account balance as % of GDP.
Source: IMF

Turkmenistan Facts

Exchange Rate3.500.01 %Feb 21

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