Economy of Turkmenistan

Economy Of Turkmenistan

Turkmenistan is largely desert country with nomadic cattle raising, intensive agriculture in irrigated oases, and huge gas and oil resources. One-half of its irrigated land is planted in cotton, placing the country in the top 10-15 producers. It also possesses the world's fourth largest reserves of natural gas and substantial oil resources. Until the end of 1993, Turkmenistan had experienced less economic disruption than other former Soviet states because its economy received a boost from higher prices for oil and gas and a sharp increase in hard currency earnings. As in the Soviet era, central planning and state control pervade the system, and the Niyazov government (in power 1991–2006) consistently rejected market reform programs. The state subsidizes a wide variety of commodities and services.

Read more about Economy Of TurkmenistanFiscal Policy, Industry, Agriculture, External Trade, Labor, Privatization, Other Statistics

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Economy Of Turkmenistan - Other Statistics
... Electricity production 11.41 TWh (2004 est.) consumption 8.847 TWh (2002) exports 1.136 TWh (2004) imports 0 kWh (2002) Electricity - production by source fossil fuel 99.9% hydro 0.1% nuclear 0% other 0% (2001) Agriculture - products cotton, grain livestock Debt - external $2.4 billion to $5 billion (2001 est.). ...

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