What is the main industry of Turkmenistan?

What is the main industry of Turkmenistan?

Economy of Turkmenistan

Main industries natural gas, oil, petroleum products, textiles, food processing
Exports $11.1 billion (2019)
Export goods gas, crude oil, petrochemicals, textiles, cotton fiber

Is Turkmenistan a stable country?

Turkmenistan: Political stability index (-2.5 weak; 2.5 strong), 1996 – 2020: For that indicator, we provide data for Turkmenistan from 1996 to 2020. The average value for Turkmenistan during that period was 0.1 points with a minimum of -0.29 points in 2020 and a maximum of 0.53 points in 2008.

What is the average income of Turkmenistan?

GDP per capita in Turkmenistan is expected to reach 8645.00 USD by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Turkmenistan GDP per capita is projected to trend around 8977.00 USD in 2022, according to our econometric models.

Which country is Turkmenistan?

Ashgabat is the capital and largest city of the country. The population of the country is about 6 million, the lowest of the Central Asian republics. Turkmenistan is one of the most sparsely populated nations in Asia….Turkmenistan.

Turkmenistan T├╝rkmenistan (Turkmen)
Demonym(s) Turkmenistani Turkmen Turkmenian

Why is Turkmenistan poor?

Turkmenistan’s economy is heavily regulated by the state. This fact is further exacerbated by government control over the foreign exchange rate, thus restricting the private sector’s ability to import the foodstuffs needed to sustain the population.

What is the main export of Turkmenistan?

Turkmenistan’s primary sources of imports are Turkey, Russia, China, and the United Arab Emirates. Its main imports are machinery and equipment, vehicles, metals, and chemical products. Most of its exports go to China, and it mainly exports gas, though it also exports petroleum, cotton, and related products.

Are people in Turkmenistan poor?

While official estimates for poverty in Turkmenistan are low, at 0.2%, there are several drawbacks that the country faces in regard to both its economy and its social and political standing.