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Turkmenistan
 
country map
Region: Central Asia
Capital: Ashgabat
Population: 5,179,571 (July 2008 est.)
Surface area: 488,100sq. km
Currency: manat
GDP per capita:  purchasing power parity – $5,200 (2007 est.)
Historic background:
Eastern Turkmenistan for centuries formed part of the Persian province of Khurasan; in medieval times Merv (today known as Mary) was one of the great cities of the Islamic world and an important stop on the Silk Road. Annexed by Russia between 1865 and 1885, Turkmenistan became a Soviet republic in 1924. It achieved independence upon the dissolution of the USSR in 1991. Extensive hydrocarbon/natural gas reserves could prove a boon to this underdeveloped country if extraction and delivery projects were to be expanded. The Turkmenistan Government is actively seeking to develop alternative petroleum transportation routes to break Russia's pipeline monopoly. President for Life Saparmurat NYYAZOW died in December 2006, and Turkmenistan held its first multi-candidate presidential electoral process in February 2007. Gurbanguly BERDIMUHAMEDOW, a vice premier under NYYAZOW, emerged as the country's new president.
Economy – overview:
Turkmenistan is a largely desert country with intensive agriculture in irrigated oases and large 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 continued lack of adequate export routes for natural gas and from obligations on extensive short-term external debt. At the same time, however, total exports rose by an average of roughly 15% per year from 2003-07, largely because of higher international oil and gas prices. Overall prospects in the near future are discouraging because of widespread internal poverty, a poor educational system, government misuse of oil and gas revenues, and Ashgabat's reluctance to adopt market-oriented reforms. In the past, Turkmenistan's economic statistics were state secrets. The new government has established a State Agency for Statistics, but GDP numbers and other figures are subject to wide margins of error. In particular, the rate of GDP growth is uncertain. Since his election, President BERDIMUHAMEDOW has sought to improve the health and education systems, ordered unification of the country's dual currency exchange rate, begun decreasing state subsidies for gasoline, signed an agreement to build a gas line to China, and created a special tourism zone on the Caspian Sea. All of these moves hint that the new post-NYYAZOW government will work to create a friendlier foreign investment environment.
Human Development Index 2008 ranking: 109 out of 177
Official Development Assistance and Major Development Partners: Net ODA to Turkmenistan was US $26 million in 2003. The major development partners are Turkey and the United States.
Total External Debt (2004): US $1.4 billion to $5 billion
HIPC Position (as of 2008): Not eligible
United Nations Membership date: 2 March 1992
New York Mission:
Permanent Mission of Turkmenistan to the United Nations
866 United Nations Plaza, Suite 424
New York, N.Y. 10017 USA
Telephone: 212-472-5921
Fax: 212-772-2589
 
Sources:
CIA World Factbook. Central Intelligence Agency. www.cia.gov 
World Development Indicators. World Bank www.worldbank.org
Development, Recipient Aid Charts. Organization for Economic Co-operation and Development. www.oecd.org
Human Development Report 2008.United Nations Development Programme. www.undp.org
                                         
Updated July 2008
 
 
 
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