Turkmenistan Current Account to GDP

Turkmenistan recorded a Current Account surplus of 1.50 percent of the countrys Gross Domestic Product in 2012. Current Account to GDP in Turkmenistan is reported by the National Institute of State Statistics and Information, Turkmenistan. From 1994 until 2012, Turkmenistan Current Account to GDP averaged 7.8 Percent reaching an all time high of 153.7 Percent in December of 2008 and a record low of -123.7 Percent in December of 2009. 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. 2014-04-24

Actual Previous Highest Lowest Forecast Dates Unit Frequency
1.50 2.00 153.67 -123.72 20.22 | 2013/12 1994 - 2012 Percent Yearly

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Turkmenistan Current Account to GDP
LIST BY COUNTRY

Trade Last Previous Highest Lowest Forecast Unit
Balance of Trade 772.57 2012-12-31 -67.43 4683.59 -3459.14 4592.16 2013-12-31 USD Million [+]
Current Account 97.00 2013-06-30 15.00 4037.00 -2981.00 90.31 2013-12-31 USD Million [+]
Current Account to GDP 1.50 2012-12-31 2.00 153.67 -123.72 20.22 2013-12-31 Percent [+]
Exports 10498.00 2012-06-29 7620.33 10498.00 64.34 10789.62 2012-12-31 USD Million [+]
Imports 9736.67 2012-06-29 7687.76 9736.67 141.49 9907.28 2012-12-31 USD Million [+]
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Current Account to GDP | Notes
The Current account balance as a percent of GDP provides an indication on the level of international competiveness 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.


RELATED NEWS

Turkmenistan Government Spending at 2727205400.00 USD Million  
Government Spending in Turkmenistan increased to 2727205400 USD Million in 2012 from 2499345138 USD Million in 2011. Government Spending in Turkmenistan is reported by the SESRIC.
Turkmenistan GDP Current Prices at 33465715901.00 USD Million  
GDP Constant Prices in Turkmenistan increased to 33465715901 USD Million in 2012 from 28061754386 USD Million in 2011. GDP Constant Prices in Turkmenistan is reported by the SESRIC.
Turkmenistan Consumer Spending at 2212128965.00 USD Million  
Consumer Spending in Turkmenistan increased to 2212128965 USD Million in 2012 from 1038661629 USD Million in 2011. Consumer Spending in Turkmenistan is reported by the SESRIC.
Turkmenistan Exports at 10498.00 USD Million  
Exports in Turkmenistan increased to 10498 USD Million in 2012 from 7620.33 USD Million in 2011. Exports in Turkmenistan is reported by the State Committee of Turkmenistan for Statistics.
Turkmenistan Current Account at 97.00 USD Million  
Turkmenistan recorded a Current Account surplus of 97 USD Million in 2013. Current Account in Turkmenistan is reported by the National Institute of State Statistics and Information, Turkmenistan.
Turkmenistan Imports at 9736.67 USD Million  
Imports in Turkmenistan increased to 9736.67 USD Million in 2012 from 7687.76 USD Million in 2011. Imports in Turkmenistan is reported by the State Committee of Turkmenistan for Statistics.
Turkmenistan GDP Annual Growth Rate at 10.20 Percent  
The Gross Domestic Product (GDP) in Turkmenistan expanded 10.20 percent in 2013 from the previous year. GDP Annual Growth Rate in Turkmenistan is reported by the National Institute of State Statistics and Information, Turkmenistan.
Turkmenistan Sales Tax Rate at 20.00 Percent  
The Sales Tax Rate in Turkmenistan stands at 20 percent. Sales Tax Rate in Turkmenistan is reported by the Ministry of Finance.
Turkmenistan Balance of Trade at 772.57 USD Million  
Turkmenistan recorded a trade surplus of 772.57 USD Million in 2012. Balance of Trade in Turkmenistan is reported by the State Committee of Turkmenistan for Statistics.
Turkmenistan Unemployment Rate at 2.60 Percent  
Unemployment Rate in Turkmenistan remained unchanged at 2.60 percent in 2004 from 2.60 percent in 2003. Unemployment Rate in Turkmenistan is reported by the National Institute of State Statistics and Information, Turkmenistan.
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