Turkmenistan is largely desert country with nomadic cattle raising, intensive agriculture in irrigated oases, and huge gas and oil resources. One-half of its irrigated land is planted in cotton, making it the world's tenth largest producer. It also possesses the world's fifth largest reserves of natural gas and substantial oil resources. Until the end of 1993, Turkmenistan had experienced less economic disruption than other former Soviet states because its economy received a boost from higher prices for oil and gas and a sharp increase in hard currency earnings. Manat is: The currency unit of Azerbaijan and Turkmenistan; see Manat (Azerbaijan) and Manat (Turkmenistan). ... 2004 is a leap year starting on Thursday of the Gregorian calendar. ... 2004 is a leap year starting on Thursday of the Gregorian calendar. ... The flag of the International Monetary Fund (IMF) The International Monetary Fund (IMF) is the international organization entrusted with overseeing global financial system‘s current trade account balances of member states. ... 2004 is a leap year starting on Thursday of the Gregorian calendar. ... 2004 is a leap year starting on Thursday of the Gregorian calendar. ... 2004 is a leap year starting on Thursday of the Gregorian calendar. ... 2004 is a leap year starting on Thursday of the Gregorian calendar. ... The poverty line is the level of income below which one cannot afford to purchase all the resources one requires to live. ... 2003 is a common year starting on Wednesday of the Gregorian calendar, and also: The International Year of Freshwater The European Disability Year Events January events January 1 Luíz Inácio Lula Da Silva becomes the 37th President of Brazil. ... 2003 is a common year starting on Wednesday of the Gregorian calendar, and also: The International Year of Freshwater The European Disability Year Events January events January 1 Luíz Inácio Lula Da Silva becomes the 37th President of Brazil. ... 2003 is a common year starting on Wednesday of the Gregorian calendar, and also: The International Year of Freshwater The European Disability Year Events January events January 1 Luíz Inácio Lula Da Silva becomes the 37th President of Brazil. ... Dorothea Langes Migrant Mother depicts destitute pea pickers in California during the Great Depression. ... 2004 is a leap year starting on Thursday of the Gregorian calendar. ... Natural gas rig Natural gas (commonly refered to as gas in many countries) is a gaseous fossil fuel consisting primarily of methane. ... Oil is a generic term for organic liquids that are not miscible with water. ... Nodding donkey pumping an oil well near Sarnia, Ontario, 2001 Petroleum (from Latin petra – rock and oleum – oil), crude oil, sometimes colloquially called black gold, is a thick, dark brown or greenish flammable liquid, which exists in the upper strata of some areas of the Earths crust. ... This article is about the type of fabric. ... 2004 is a leap year starting on Thursday of the Gregorian calendar. ... 2004 is a leap year starting on Thursday of the Gregorian calendar. ... 2004 is a leap year starting on Thursday of the Gregorian calendar. ... US,Us or us may stand for the United States of America us, the oblique case form of the English language pronoun we. ... UAE redirects here; for other uses of that term, see UAE (disambiguation) The United Arab Emirates is an oil-rich country situated in the south-east of the Arabian Peninsula in Southwest Asia, comprising seven emirates: Abu Dhabi, Ajman, Dubai, Fujairah, Ras al-Khaimah, Sharjah and Umm al-Quwain. ... 2004 is a leap year starting on Thursday of the Gregorian calendar. ... 2004 is a leap year starting on Thursday of the Gregorian calendar. ... 2004 is a leap year starting on Thursday of the Gregorian calendar. ... 2001 is a common year starting on Monday of the Gregorian calendar, and also: The International Year of the Volunteer The United Nations Year of Dialogue Among Civilizations Events January January 1 - A black monolith measuring approximately nine feet tall appears in Seattles Magnuson Park, placed by an anonymous... A dune in the Egyptian desert Desert in California mz_maco_23q@hotmail. ... Binomial name Bos taurus Linnaeus, 1758 Rainbow arching over a paddock of cattle Cattle are domesticated ungulates, a member of the subfamily Bovinae of the family Bovidae. ... Cotton is a soft fiber that grows around the seeds of the cotton plant, a shrub native to the tropical and subtropical regions of both the Old World and the New World. ...

In 1994, Russia's refusal to export Turkmen gas to hard currency markets and mounting debts of its major customers in the former USSR for gas deliveries contributed to a sharp fall in industrial production and caused the budget to shift from a surplus to a slight deficit. Industrial production of gas fell sharply, putting the budget into deficit--a deficit which has since continued to rise sharply. Currently, Turkmenistan is heavily dependent on Russian pipelines to reach markets in Europe; because oil and gas account for one-third of Turkmenistan's budget revenues, Turkmenistan is working to open new gas export corridors through Iran and under the Caspian Sea into Turkey. Privatization goals remain limited. After Russia's refusal to transport Turkmenistan's gas, a difficult investment environment, high rates of inflation, and heavy government regulations made further economic progress unlikely.

In the absence of gas revenues, Turkmenistan turned to the export of cotton, but poor harvests had weak economic returns. In 1996 the economy bottomed out, and inflation rates continued to climb. Although the government avoided privatization, it attempted to fix the situation by creating a stabilization program aimed at a unified and market-based exchange rate, the allocation of government credits by auction, and strict limits on budget deficits. However, partial price liberalization, the end of subsidies from Moscow, and poor control over fiscal and monetary aggregates contributed to the high rates of inflation and significant drops in living standards. Despite these conditions, official statistics for 1998 indicated improvements in Turkmenistan's economy, though Turkmenistan still faced revenue shortfalls due to the continued lack of adequate export routes for natural gas and obligations on extensive short-term external debt. . In September 1998 Turkmenistan began exporting gas to Iran via its first pipeline not crossing Russian territory. Saint Basils Cathedral Moscow (Russian/Cyrillic: Москва́, IPA:   listen?) is the capital of Russia, located on the river Moskva, and encompassing 1097. ...

The Turkmen Government claims to have placed great emphasis on foreign economic relations and foreign trade and an "open door" trade policy, as declared by the President. At present 73 countries are partners of Turkmenistan, including the republics of the NIS. The most prominent trade partners of Turkmenistan are the United States, Turkey, Switzerland, Hong Kong, Germany, the United Kingdom, Cyprus, Iran, and the United Arab Emirates.

Export of industrial and agricultural raw materials remain the most important goals of the Turkmen Government. Price controls on most goods, the stabilization of reproduction processes, the creation of stable economic growth, and flexibility to innovations and a socially oriented economy also are very important. The government is attempting to strengthen state regulation of foreign trade and create a state system of insurance to expand and consolidate foreign economic relations. Because of considerable growth of foreign investments, structural improvements are taking place in the economy. Privatization and structural reform of medium and large enterprises are proceeding slowly. In early 1999, Turkmenistan's foreign debts totalled more than 75% of GDP. Prospects in the near future are discouraging because of widespread internal poverty and the burden of foreign debt. IMF assistance would seem to be necessary, yet the government is not as yet ready to accept IMF requirements. Turkmenistan's 1999 deal to ship 20 km³ of natural gas through Russia's Gazprom will help alleviate the 2000 fiscal shortfall, but will not make up for the absence of meaningful progress in economic reform.

GDP: purchasing power parity - $21.5 billion (21.5 G$) (2001 est.) The word billion, and its equivalents in other languages, refer to one of two different numbers. ...

GDP - real growth rate: 10% (2001 est.)

GDP - per capita: purchasing power parity - $4,700 (2001 est.)

GDP - composition by sector:
agriculture: 27%
industry: 45%
services: 28% (2000 est.)

Population below poverty line: NA%

Household income or consumption by percentage share:
lowest 10%: 2.7%
highest 10%: 26.9% (1993)

Inflation rate (consumer prices): 10% (2001 est.)

Labour force: 2.34 million (1996)

Labour force - by occupation: agriculture and forestry 44%, industry and construction 19%, other 37% (1996)

Unemployment rate: NA%

Budget:
revenues: $588.6 million
expenditures: $658.2 million, including capital expenditures of $NA (1999 est.)

Industries: natural gas, oil, petroleum products, textiles, food processing

Industrial production growth rate: NA%

Electricity - production: 9.256 TWh (2000)

Electricity - production by source:
fossil fuel: 99.94%
hydro: 0.06%
nuclear: 0%
other: 0% (1998)

Electricity - consumption: 7.708 TWh (2000)

Electricity - exports: 900 GWh (2000)

Electricity - imports: 0 kWh (2000)

Agriculture - products: cotton, grain; livestock

Exports: $2.7 billion f.o.b. (2001 est.)

Exports - commodities: gas 33%, oil 30%, cotton fibre 18%, textiles 8% (1999)

Exports - partners: Ukraine 27%, Iran 14%, Turkey 11%, Italy 9%, Switzerland 5% (1999)

Imports: $1.25 billion (1999 est.)

Imports - commodities: machinery and equipment 45%, chemicals, foodstuffs (1998)

Imports - partners: Ukraine, Turkey, Russia, Germany, US, Kazakhstan, Uzbekistan

Debt - external: $2.1 billion (1999 est.)

Economic aid - recipient: $27.2 million (1995)

Currency: 1 Turkmen manat (TMM) = 100 tenesi Manat is: The currency unit of Azerbaijan and Turkmenistan; see Manat (Azerbaijan) and Manat (Turkmenistan). ...

The manat was introduced on November 1, 1993 November 1 is the 305th day of the year (306th in leap years) in the Gregorian Calendar, with 60 days remaining. ... 1993 is a common year starting on Friday of the Gregorian calendar and marked the Beginning of the International Decade to Combat Racism and Racial Discrimination (1993-2003). ...

Exchange rates: Turkmen manats per US$1 - 5,200 (January 2000), 5,350 (January 1999), 4,070 (January 1997), 2,400 (January 1996)

Fiscal year: calendar year

See also : Turkmenistan