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Turkmenistan is largely a desert country with intensive agriculture in irrigated oases and sizeable gas and oil resources. One-half of its irrigated land is planted in cotton; formerly it was the world's 10th-largest producer. Poor harvests in recent years have led to an almost 50% decline in cotton exports. With an authoritarian ex-Communist regime in power and a tribally based social structure, Turkmenistan has taken a cautious approach to economic reform, hoping to use gas and cotton sales to sustain its inefficient economy. Privatization goals remain limited. From 1998-2005, Turkmenistan suffered from the con...  More..

Economy of Turkmenistan
SOURCE: CIA - The World Factbook
Currency Turkmen New Manat
GDP (PPP) $33.58 billion (2009 est.)
GDP (per capita) $6,900 (2009 est.)
Exports $8.29 billion (2009 est.)
Imports $4.442 billion (2009 est.)
Main Industries Natural Gas, Oil, Petroleum Products, Textiles, Food Processing
Exports - Commodities Gas, Crude Oil, Petrochemicals, Textiles, Cotton Fiber
Imports - Commodities Machinery and Equipment, Chemicals, Foodstuffs
Exports Partners Ukraine 51.6%, Poland 10%, Hungary 8% (2008)
Imports Partners Russia 16.8%, China 16.7%, Turkey 13.8%, UAE 10.2%, Ukraine 7.8%, Germany 5.5%, Iran 5% (2008)

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