Turkmenistan Economic information

Turkmenistan is a country located in Central Asia. The country's economy is largely based on natural gas and oil production. At the same time, agricultural products such as cotton, wheat, sugar beet and fruit also have an important place economically. Turkmenistan is one of the countries with the world's largest natural gas reserves. Natural gas production and export plays a major role in the country's economy. Turkmenistan's largest natural gas customers include China, Iran and Russia. Oil production also has an important place in Turkmenistan's economy, but it does not have as large a share as natural gas. The country's major oil customers include China, Iran, Afghanistan and Kazakhstan. The agricultural sector also plays an important role in Turkmenistan's economy. The country is at the forefront in cotton production in the world. In addition, agricultural products such as wheat, sugar beet, fruits and vegetables also contribute to the economy. Turkmenistan's economy operates on a model largely controlled by the state. Private sector development is limited and restrictions are placed on foreign investment. This may limit the country's economic growth potential. In recent years, Turkmenistan has focused on efforts to promote economic diversification and foreign investments. The country is trying to attract foreign investments in areas such as investing in infrastructure projects and developing tourism. However, Turkmenistan's economy is still largely based on natural resources, making the country vulnerable to fluctuations in global energy prices. Additionally, factors such as political instability and human rights violations in the country may limit the interest of foreign investors.