Turkmenistan recorded a Current Account deficit of 12.80 percent of the country's Gross Domestic Product in 2017. Current Account to GDP in Turkmenistan averaged 9.07 percent from 1994 until 2017, 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 -9.00 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 -6.90 percent in 2020, according to our econometric models.

Turkmenistan Current Account to GDP
Forecast Data Chart
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Turkmenistan Trade Last Previous Highest Lowest Unit
Balance of Trade 2886.58 1969.56 4756.85 -3497.59 USD Million [+]
Exports 7457.53 6963.89 12394.90 64.34 USD Million [+]
Imports 4570.95 4994.33 10166.68 141.49 USD Million [+]
Current Account -7105.00 -6194.00 4037.00 -7105.00 USD Million [+]
Current Account to GDP -12.80 -18.50 153.67 -107.87 percent [+]
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

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. 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 December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-12.80 -18.50 153.67 -107.87 1994 - 2017 percent Yearly

Country Last Previous
Singapore 19.50 Dec/17
Netherlands 10.20 Dec/17
Switzerland 9.80 Dec/17
Germany 8.00 Dec/17
South Korea 5.60 Dec/17
Japan 4.02 Dec/17
Euro Area 3.50 Dec/17
Italy 2.80 Dec/17
Russia 2.20 Dec/17
Saudi Arabia 2.20 Dec/17
Spain 1.90 Dec/17
China 1.30 Dec/17
Brazil -0.48 Dec/17
France -0.80 Dec/17
Mexico -1.60 Dec/17
Indonesia -1.70 Dec/17
India -1.90 Dec/17
United States -2.40 Dec/17
South Africa -2.50 Dec/17
Canada -3.00 Dec/17
Australia -3.10 Dec/17
United Kingdom -4.10 Dec/17
Argentina -4.80 Dec/17
Turkey -5.50 Dec/17