Fiscal Balance in Turkmenistan

Turkmenistan Fiscal Balance | Economic News & Forecasts

Turkmenistan - Fiscal Balance

An official report in June put growth in the first five months of the year at 6.2% year-on-year, stable from the first four months on robust industrial output and strong consumption dynamics. As reported, all industrial sectors posted gains in the month. Moreover, higher global energy prices have likely bolstered the oil and gas sector, which has been wrangling with capacity constraints. Meanwhile, despite steep import tariffs and elevated inflation, retail sales have been booming in recent months. In June, UN officials reported that late-stage development of the USD 11 billion TAPI natural gas pipeline has not been fully financed, threatening to delay the project’s completion.

Turkmenistan - Fiscal Balance Data

2013  2014  2015  2016  2017  
Fiscal Balance (% of GDP)1.5  0.9  -0.7  -2.3  -     

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Turkmenistan Fiscal Balance Chart

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

Turkmenistan Facts

Exchange Rate3.500.01 %Jul 13

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