In Turkmenistan, GDP per capita is Intl $ 5,947. This falls within the range of $1,816 (Tajikistan) and $11,807 (Belarus) in the Commonwealth of Independent States (see Table 7).24
Table 7: GDP per capita (Intl $): Commonwealth of Independent States
(plus Mongolia) 2004
Country
|
GDP per capita
(Int $)
|
Armenia |
5,697 |
Azerbaijan |
4,337 |
Belarus |
11,807 |
Georgia |
4,829 |
Kazakhstan |
9,982 |
Kyrgyzstan |
3,287 |
Mongolia |
2,373 |
Republic of Moldova |
2,709 |
Russian Federation |
10,865 |
Tajikistan |
1,816 |
Turkmenistan |
5,947 |
Ukraine |
6,216 |
Uzbekistan |
3,125 |
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 tenth-largest producer. Poor harvests in recent years have led to an almost 50% decline in cotton exports. 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. In 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 20% to 30% per year in 2003-2005, largely because of higher international oil and gas prices. In 2005, Ashgabat sought to raise natural gas export prices to its main customers, Russia and Ukraine, from $44 per thousand cubic meters (tcm) to $66 per tcm. Overall prospects in the near future are discouraging because of widespread internal poverty, the burden of foreign debt, the government's irrational use of oil and gas revenues, and its unwillingness to adopt market-oriented reforms. Turkmenistan's economic statistics are state secrets, and figures are subject to wide margins of error. In particular, the rate of GDP growth is uncertain.25
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