Turkmenistan has a developing economy. It continues to recover from the 2014 downturn in hydrocarbon prices, but remains "in the grip of its worst economic crisis since the immediate post-independence period, driven in part by low gas prices, the suspension of gas exports to Russia between 2016 and 2019...and poor harvests." Former President Gurbanguly Berdimuhamedow at a session of the Cabinet of Ministers on 11 March 2021, called the rate of GDP growth unsatisfactory.
Turkmenistan has a developing economy. It continues to recover from the 2014 downturn in hydrocarbon prices, but remains "in the grip of its worst economic crisis since the immediate post-independence period, driven in part by low gas prices, the suspension of gas exports to Russia between 2016 and 2019...and poor harvests." Former President Gurbanguly Berdimuhamedow at a session of the Cabinet of Ministers on 11 March 2021, called the rate of GDP growth unsatisfactory.
Source: Wikipedia "Economy of Turkmenistan" · CC BY-SA 4.0
Share this article: X · Bluesky