Current Account in Turkmenistan
Turkmenistan - Current Account (billions of U.S. Dollars)Economic activity was likely robust in the first quarter of this year. A sustained year-on-year increase in foreign trade turnover in Q1, coupled with strong retail sales and productivity growth, points to healthy dynamics. On top of this, news reports show a robust annual expansion in the volume of loans in the quarter. That said, the war in Ukraine is seemingly taking its toll on the economy, through the country’s trade links with Russia as well as by weighing on tourist and remittance inflows. Meanwhile, in May the country took steps to improve its business climate by joining several UN agreements on international trade. Moreover, the government recently agreed to deepen investment ties with the U.S. as well as to strengthen ties with Iran in the gas industry, and transportation and railway connections.
Turkmenistan - Current Account (USD bn) Data
|Current Account Balance (USD bn)||-5.6||-7.2||-4.4||-3.5||-3.0|
5 years of economic forecasts for more than 30 economic indicators.
Turkmenistan Current Account (USD bn) Chart
|Exchange Rate||3.50||0.01 %||Jan 01|
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