Turkmenistan Current Account to GDP

Turkmenistan recorded a Current Account deficit of 8.20 percent of the country's Gross Domestic Product in 2018. Current Account to GDP in Turkmenistan averaged 8.15 percent from 1994 until 2018, reaching an all time high of 153.67 percent in 2008 and a record low of -107.87 percent in 1997.

Current Account to GDP in Turkmenistan is expected to be -5.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Turkmenistan Current Account to GDP is projected to trend around -6.00 percent in 2020, according to our econometric models.

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Turkmenistan Trade	Last	Previous	Highest	Lowest	Unit
Balance of Trade	2886.58	1969.56	4756.85	-3497.59	USD Million	[+]
Current Account	-7105.00	-6194.00	4037.00	-7105.00	USD Million	[+]
Current Account to GDP	-8.20	-11.50	153.67	-107.87	percent	[+]
Imports	2254.56	4570.95	10166.68	141.49	USD Million	[+]
Exports	7457.53	6963.89	12394.90	64.34	USD Million	[+]
Terrorism Index	0.00	0.00	0.23	0.00		[+]
Crude Oil Production	245.00	245.00	316.00	69.00	BBL/D/1K	[+]
External Debt	781324.00	508684.00	2732208.00	276435.00	USD Thousand	[+]

Exports by Country | Exports by Category | Imports by Country | Imports by Category

The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes. This page provides - Turkmenistan Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Turkmenistan Current Account to GDP - actual data, historical chart and calendar of releases - was last updated on April of 2019.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	-8.20	-11.50	153.67	-107.87	1994 - 2018	percent	Yearly

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Country	Last		Previous	Range
Singapore	19.50	Dec/17	19	26.1 : -13.1	%
Netherlands	10.80	Dec/18	10.5	10.8 : -1	%
Switzerland	10.20	Dec/18	6.7	14.8 : -0.6	%
Saudi Arabia	8.30	Dec/18	1.5	28.5 : -21	%
Germany	7.30	Dec/18	8	8.5 : -1.8	%
South Korea	4.70	Dec/18	4.9	10.7 : -10.5	%
Japan	4.02	Dec/17	3.7	4.7 : -1	%
Euro Area	3.00	Dec/18	3.2	3.2 : -1.5	%
Italy	2.50	Dec/18	2.8	2.9 : -3.7	%
Russia	2.20	Dec/17	1.9	18 : -1.4	%
Spain	0.90	Dec/18	1.8	2.3 : -9.6	%
China	0.40	Dec/18	1.3	10.1 : -3.7	%
France	-0.30	Dec/18	-0.6	3.4 : -2.1	%
Brazil	-0.77	Dec/18	-0.35	1.8 : -8.2	%
Mexico	-1.60	Dec/17	-2.1	3.4 : -6.1	%
India	-2.30	Dec/18	-1.9	2.3 : -4.8	%
United States	-2.40	Dec/18	-2.3	0.2 : -6	%
South Africa	-2.50	Dec/17	-2.8	6 : -7.5	%
Canada	-3.00	Dec/17	-3.3	2.7 : -4.2	%
Indonesia	-3.00	Dec/18	-1.6	4.8 : -6.8	%
Australia	-3.10	Dec/17	-1.4	2.3 : -7.3	%
Turkey	-3.50	Dec/18	-5.6	1.9 : -8.9	%
United Kingdom	-3.90	Dec/18	-3.3	2.6 : -5.2	%
Argentina	-5.40	Dec/18	-4.9	8 : -5.4	%