Turkmenistan recorded a Current Account surplus of 5.10 percent of the country's Gross Domestic Product in 2019. source: National Institute of State Statistics and Information, Turkmenistan

Current Account to GDP in Turkmenistan averaged 8.57 percent from 1994 until 2019, reaching an all time high of 153.67 percent in 2008 and a record low of -107.87 percent 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 June of 2021.

Current Account to GDP in Turkmenistan is expected to reach -3.10 percent by the end of 2020, 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 -4.50 percent in 2021 and -6.00 percent in 2022, according to our econometric models.

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Turkmenistan Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
5.10 5.50 16.50 -107.87 1994 - 2019 percent of GDP Yearly

Turkmenistan Trade Last Previous Highest Lowest Unit
Balance of Trade 6782.60 7222.00 7222.00 -3497.59 USD Million [+]
Current Account 418.00 481.00 4037.00 -7105.00 USD Million [+]
Current Account to GDP 5.10 5.50 16.50 -107.87 percent of GDP [+]
Imports 3127.13 2912.79 10166.68 141.49 USD Million [+]
Exports 6385.29 9695.39 12394.90 64.34 USD Million [+]
Terrorism Index 0.00 0.00 0.23 0.00 [+]
Crude Oil Production 186.00 200.00 316.00 69.00 BBL/D/1K [+]
External Debt 567628.38 907329.37 2732208.00 276435.00 USD Thousand [+]

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.