Page 14 - Small Stans Outlook 2023

Main macroeconomic indicators for Tajikistan – EBRD.

2.3 GDP growth - Turkmenistan

Turkmenistan’s real GDP is expected to grow by 7% in 2022 and 6% in
2023, with Turkmen authorities having reported growth at 6.1% in
January-July 2022. However, Turkmenistan – known for a notorious
lack of transparency in its official economic statistics – has historically
reported growth at 6%-7%, with observers largely dismissing the official
Turkmen growth figures as unreliable. The World Bank, for instance, in
its latest Central Asia forecasting released in January 2023 did not
provide a GDP forecast for Turkmenistan, arguing not enough reliable
data is available from Ashgabat.

In October, the International Monetary Fund (IMF) forecast 2022 GDP
growth of only 1.2%. For 2023, it anticipated 2.3%. The latest estimates
were published in the Fund’s updated World Economic Outlook (WEO).

Main macroeconomic indicators for Turkmenistan – EBRD.

14 Small Stans 2023 www.intellinews.com