Turkmenistan government, Turkmenistan economy ..

Industrial production increased 1% in 1998, damped by the effects of the Russian financial crisis, but then rose 16% in 1999, 29% in 2000, and 8% in 2001. Nevertheless, the Turkmenistan economy remains dominated by primary productiongas, oil and cottonand there has been little privatization of medium and large enterprises that might promote industrial development. Industry as a percent of the GDP declined over this period from 50% to 45%, and industrial workers as a percent of the labor force declined from 19% to 15%. By 2005, the industrial sector had declined further, to 39.5% of GDP, employing approximately 14% of the labor force. Economic reforms have been held back by the deliberately gradualist approach adopted by the government, which has left over 90% of economic activity in government hands. Industrial development is a secondary goal, subordinated to the primary objectives of gradualism, maintaining state leadership of the economy and maintaining a comprehensive welfare program. As part of the government's economic diversification policies, investment from the public sector and foreign exchange earnings have been used to build textile and garment manufacturing plants, often in joint ventures with Turkish partners. From 1995 to 2000 the share of the textile sector in total industrial production increased from 10.4% to 26%, while the share of cotton processed domestically rose from 3% to 35%. However, the commercial viability of these joint ventures is difficult to assess because of the implicit subsidies provided by the Turkmenistan government, multiple exchange rates, and incomplete data.

mother earth travel country index turkmenistan map economy history

Turkmenistan economic growth data includes gross domestic product for Turkmenistan, real GDP, and various other indicators and breakdowns measuring change in market value of goods and services in Turkmenistan

Belarus ready to take active part in Turkmenistan economy ..

Turkmenistan Economy 2015, CIA World Factbook. Like the rest of the Turkmenistan economy, much of the country's retail and wholesale sector remain under the control of the central government. However, informal markets also operate in the country, at which a wide variety of consumer goods, including food, clothing and household wares, may be purchased. In 1994, the government established the State Commodity and Raw Materials Exchange as a means to regulate all trade and to restrict foreign competitors from controlling the market during the economic transition to a free market economy. Domestic trade involving locally produced goods is free from government regulations. Distribution of these products is generally facilitated through a state wholesale network. Most transactions are conducted only in cash. A value-added tax of 20% applies to most goods and services. Commercial advertising is under government control.

Turkmenistan economy · Turkmenistan energy supply · Turkmenistan gas

Turkmenistan economic growth data includes gross domestic product for Turkmenistan, real GDP, and various other indicators and breakdowns measuring change in market value of goods and services in Turkmenistan

Turkmenistan economy business opportunities in ..