AEIR 2019/2020

The economy grew 6.3% in 2019, slightly up from 6.2% in 2018, on higher oil and gas output. On the demand side, increased gas exports and public investment bolstered growth. However, private consumption growth remained subdued as double-digit inflation curbed real household incomes. To contain inflation, the Central Bank of Turkmenistan promoted noncash payments while maintaining a fixed exchange rate. As export growth slowed, the current account dipped into a slight deficit of 0.6% of GDP, reversing the 5.7% surplus in 2018. GDP growth is forecast to moderate to 6.0% in 2020 and 5.8% in 2021 as the hydrocarbon industry expansion slows.

Source: Asian Development Outlook 2020, ADB
Integration Index

0.36

Free Trade Agreements

66

Crossborder & Infra Initiatives

11

Money & Finance Initiatives

5

Regional Public Goods Initiatives

14


Total Trade, in million US$
Inward FDI flows (BOP) in million US$
Outward Portfolio Equity Investment
Outward Portfolio Debt Investment
Ratio of Migrants to Population
Outbound Tourism
Latest Month-Ago Year-Ago
Merchandise Export Growth 1 -90.3 (Feb20)-90.3 -92.1
Exchange Rate Index 2 336.5 (May20)336.5 336.5
1 y-o-y, %.
2 Monthly average, January 2006 = 100, $/local currency.
Source: .

Initiatives / FTAs

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