Turkmenistan FlagTurkmenistan

When You Are Hungry, You Don't Think Of Honor.

 

General


Population: 5,171,943 (2014), 5,113,040 (2013)
Land Area: 488,100 sq km
Natural Resources: Petroleum, natural gas, sulfur, salt
Capital: Ashgabat
Political System: Republic
State Leader: Gurbanguly Berdimuhamedow (February 14th 2007)
Languages: Turkmen 72%, Russian 12%, Uzbek 9%, Other 7%
Currency: Turkmen manat (TMM)
Major Religions: Muslim 89%, Eastern Orthodox 9%, Unknown 2%
Major Ethnicities: Turkmen 85%, Uzbek 5%, Russian 4%, Other 6%
Life Expectancy: 69.47 years (2014), 69.16 years (2013)

Economy


GDP Official Exchange Rate: 40.56 billion (2013), 33.68 billion (2012)
GDP Purchasing Power Parity: 55.16 billion (2013), 49.75 billion (2012)

GDP Per Capita (PPP): 9,700 (2013), 8,900 (2012)
GDP Growth Rate: 12.2% (2013), 11% (2012)
GDP Structure: Agriculture 7.2%, Industry 24.4%, Services 68.4% (2013)
Labour Force By Occupation: Agriculture 48.2%, Industry 14%, Services 37.8% (2004)
Industries: Natural gas, oil, petroleum products, textiles, food processing
Agriculture Products: Cotton, grain; livestock
Human Development Index: 0.698 (103rd)(2014), 0.698 (102nd)(2013)
Tourism Revenue: 192 million (1998)
Unemployment Rate: 60% (2004)

MilitaryTurkmenistan Map


Army Size: 26 000 (2004)
Budget: 3.4% of GDP (2005)

Current Situation

 

Turkmenistan is located in Central Asia. Turkmenistan is bordered by Afghanistan, Iran, Kazakhstan and Uzbekistan. Turkmenistan's economy is largely under-developed. It is a large exporter of cotton, but because of the climate and landscape, much land is desert and is almost impossible to use. Turkmenistan is rich in natural resources, such as petroleum and natural gas, with the recent agreement with Russia to pass it's natural gas through Russia's pipelines, this might help the economic situation. But aside from this, the economic future is uncertain, the growth rate however is very high.

(2014) Turkmenistan's economy continues to grow rapidly, however it depends almost entirely on the oil and gas sectors and growth might be affected by the recent price slump in the price of oil.

Thoughts & Comments

 

Sources

CIA World Factbook: Turkmenistan
Wikipedia: Turkmenistan
http://hdrstats.undp.org/en/countries/profiles/TKM.html

Updated on: January 1st, 2015