Turkmenistan
Its ethnic country in Central Asia bordered by Kazakhstan, Uzbekistan and Afghanistan, Iran and the Caspian Sea to the west. Ashgabat is the capital and largest city. It is one of the six independent Turkic states. With a population of 6.5 million, Turkmenistan is the 35th most-populous country in Asia and has the lowest population of the Central Asian republics while being one of the most sparsely populated nations on the Asian continent.
Turkmenistan has diplomatic relations with 139 countries. Turkmenistan is a member of the United Nations, the International Monetary Fund, the World Bank and Organization for Security and Cooperation in Europe.
Turkmenistan has long served as a thoroughfare for several empires and cultures. Merv is one of the oldest oasis-cities in Central Asia, and was once among the biggest cities in the world. It was also one of the great cities of the Islamic world and an important stop on the Silk Road.
Turkmenistan possesses the world’s fifth largest reserves of natural gas. Most of the country is covered by the Karakum Desert. From 1993 to 2019, citizens received government-provided electricity, water and natural gas free of charge. Turkmenistan is an observer state in the Organisation of Turkic States, the Türksoy community and a member of the United Nations.
Financial potential of the country
The Turkmen economy is the 92nd economy in the world in terms of GDP and amounts $42.76 billion. The basis of the Turkmen economy is the production of natural gas (up to 12 billion tons, 4th place in the world), most of the state’s income comes from the export of energy resources. Agriculture is also the source of livelihood for more than half of the country’s population. According to the ranking of world cotton producers, Turkmenistan ranks 10th.
Turkmenistan is an exporter of natural gas, crude oil, lead, cotton and cotton fiber, raw materials for the chemical industry and rolled metal products. The main partner countries are Iran, Turkey, India and China. Recently, Turkmenistan has been one of the industrialized countries of the world, which is very interesting and attractive for foreign investors and participants in the international market for products, raw materials and production.
Photos of Turkmenistan
