The World Bank in Turkmenistan

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The World Bank in Turkmenistan

Real GDP growth weakened slightly in 2018, slowing to 6.2% from 6.5% in 2017, reflecting a decline in the non-hydrocarbon economy. A reduction of public investment helped to improve fiscal and external balances in 2018. Inflationary pressures are expected to remain as hydrocarbon earnings decline.

Turkmenistan
Overview

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Turkmenistan At-A-Glance

Turkmenistan is located at the center of the Eurasian continent and has been classified as an upper-middle-income country. It borders Kazakhstan, Uzbekistan, Iran, Afghanistan, and, to the west of the country, the Caspian Sea, which offers abundant natural resources of gas and oil deposits. Turkmenistan’s gas reserves are estimated to be the world’s fourth largest, representing about 10% of global reserves.

Overview