Turkmenistan recorded a Current Account surplus of 0.50 percent of the country's Gross Domestic Product in 2020. source: Asian Development Bank (ADB)

Current Account to GDP in Turkmenistan averaged -6.27 percent of GDP from 1994 until 2020, reaching an all time high of 16.50 percent of GDP in 2008 and a record low of -107.87 percent of GDP in 1997. This page provides - Turkmenistan Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Turkmenistan Current Account to GDP - values, historical data and charts - was last updated on November of 2021.

Current Account to GDP in Turkmenistan is expected to reach 2.00 percent of GDP by the end of 2021, 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 0.50 percent of GDP in 2022 and 1.00 percent of GDP in 2023, according to our econometric models.

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Turkmenistan Current Account to GDP


Related Last Previous Unit Reference
Current Account to GDP 0.50 1.30 percent of GDP Dec/20
Turkmenistan Current Account to GDP
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.