Market Research In Turkmenistan

Turkmenistan Profile:

  • Turkmenistan, (formerly known as Turkmenia) is a sovereign state in Central Asia and most of the country is covered by the Karakum (Black Sand) Desert.
  • Turkmenistan is largely a desert country with intensive agriculture in irrigated oases and significant natural gas and oil resources.
  • Turkmenistan possesses the world’s sixth largest reserves of natural gas resources.
  • According to Human Rights Watch, “Turkmenistan remains one of the world’s most repressive countries.
  • Corruption watchdogs voiced particular concern over the management of Turkmenistan’s currency reserves, most of which are held in off-budget funds such as the Foreign Exchange Reserve Fund in the Deutsche Bank in Frankfurt.

Turkmenistan Economy:

  • Agriculture accounts for roughly 9% of GDP, it continues to employ nearly half of the country’s workforce.
  • Hydrocarbon exports (mainly natural gas) make up 25% of Turkmenistan’s GDP.
  • Turkmenistan’s autocratic governments under presidents NIYAZOW (1991-2006) and BERDIMUHAMEDOW (since 2007) have made little progress improving the business climate, privatizing state-owned industries, and combatting corruption, limiting economic development outside the energy sector.
  • Low energy prices since mid-2014 are hampering Turkmenistan’s economic growth and reducing government revenues.
  • Currency depreciation, corruption, isolationist policies, and limited spending on public services has resulted in a stagnate economy that is nearing crisis

Turkmenistan Facts:

  • Population: 5.4 million
  • Capital: Ashgabat
  • Largest city: Ashgabat
  • Area: 488,100 sq km
  • Major language: Turkmen (official) 72%, Russian 12%, Uzbek 9%, other 7%
  • Major religion: Muslim 89%, Eastern Orthodox 9%, unknown 2%
  • Life expectancy: 67.4 years (Male), 73.6 years (Female)
  • Monetary unit: 1 Manat (TMT) = 100 Tenge
  • Main exports: Gas, crude oil, petrochemicals, textiles, cotton fibre
  • GNI per Capita: $16,090

Our Market Research Services in Turkmenistan:

We Employ A Wide Range of Research Techniques in Turkmenistan:

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