Publication:
Turkmenistan Economic Report

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dc.contributor.authorWorld Bank
dc.date.accessioned2025-03-13T18:28:17Z
dc.date.available2025-03-13T18:28:17Z
dc.date.issued2025-03-13
dc.description.abstractTurkmenistan is a land-locked, upper middle-income country, characterized by a rigid statist economic model, and driven by natural gas exports. Turkmenistan went through a period of adjustment as it first met with lower oil and gas prices and was further affected by the COVID-19 pandemic, with lower hydrocarbon demand, globally. In 2021–23, hydrocarbon global demand and prices rebounded, boosting economic activity and gross domestic product (GDP) growth. In February 2022, Turkmenistan adopted its long-term 2022-2052 National Program of Socio-Economic Development and the medium-term 2022-2028 Presidential Program to implement the longer-term program. The outlook is positive for 2025, with overall commodity prices expected to remain well above pre-pandemic levels. The boost to hydrocarbon production will help to increase Turkmenistan’s trade surplus further and maintain current account surpluses in 2024 and 2025. Faster expansion of gas production and exports, as well as strong revenue from energy and non-energy products, are projected to maintain the state budget balance in small surplus in 2024 and 2025. The outlook is subject to significant uncertainty and risks. Turkmenistan needs to navigate a series of challenges as it aims to progress to sustainability and reach high-income status.en
dc.identifierhttp://documents.worldbank.org/curated/en/099128103032587161
dc.identifier.doi10.1596/42944
dc.identifier.urihttps://hdl.handle.net/10986/42944
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC: World Bank
dc.rightsCC BY-NC 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttps://creativecommons.org/licenses/by-nc/3.0/igo
dc.subjectECONOMIC GROWTH
dc.subjectHYDROCARBON DEMAND
dc.subjectGDP GROWTH
dc.subjectGAS PRODUCTION
dc.subjectTRADE
dc.titleTurkmenistan Economic Reporten
dc.typeReport
dspace.entity.typePublication
okr.date.disclosure2025-03-13
okr.date.lastmodified2025-03-06T23:05:51Zen
okr.doctypeEconomic & Sector Work::Economic Updates and Modeling
okr.doctypeEconomic & Sector Work
okr.docurlhttp://documents.worldbank.org/curated/en/099128103032587161
okr.guid099128103032587161
okr.identifier.docmidIDU-b4ab627d-35bd-42fb-925e-2099142740bd
okr.identifier.externaldocumentum34461763
okr.identifier.internaldocumentum34461763
okr.identifier.report197569
okr.import.id6855
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttps://documents.worldbank.org/curated/en/099128103032587161/pdf/IDU-b4ab627d-35bd-42fb-925e-2099142740bd.pdfen
okr.region.administrativeEurope and Central Asia
okr.region.countryTurkmenistan
okr.topicInternational Economics and Trade::International Trade and Trade Rules
okr.topicEnergy::Hydro Power
okr.topicEnergy::Oil & Gas
okr.topicMacroeconomics and Economic Growth::Economic Growth
okr.unitECCKZ - World Bank Office: Astana
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