Turkmenistan

Description of Turkmenistan

Turkmenistan, a Central Asian country bordered by the Caspian Sea to the west and the vast Karakum Desert to the east, stands at a crossroads of history and geopolitics. With a rich cultural heritage shaped by the ancient Silk Road and a strategic location between Europe and Asia, Turkmenistan has emerged as a key player in the energy landscape due to its significant reserves of natural gas. As the country continues to navigate its unique blend of tradition and modernity, understanding its macroeconomic indicators and geopolitical positioning becomes paramount in assessing its development trajectory and global impact.

Population And Age Structure

Population, total: Turkmenistan's population is 6,250,438, which is significantly below the average population of 40,097,746. Turkmenistan is ranked 110 out of 194 countries in terms of population.

Population ages 0-14 (% of total population): Turkmenistan has 31.23% of its population aged 0-14, which is higher than the average of 27.34%. Turkmenistan is ranked 68 out of 194 countries in this age group.

Population ages 0-14, total: The total population aged 0-14 in Turkmenistan is 1,952,180, below the average of 10,327,380. Turkmenistan is ranked 98 out of 194 countries in this category.

Population ages 15-64 (% of total population): Turkmenistan's population aged 15-64 accounts for 64.05% of the total population, slightly above the average of 63.44%. Turkmenistan is ranked 106 out of 194 countries in this age group.

Population ages 15-64, total: Turkmenistan has a total of 4,003,502 people aged 15-64, which is below the average of 26,003,407. Turkmenistan is ranked 111 out of 194 countries in this category.

Population ages 65 and above (% of total population): Turkmenistan's population aged 65 and above makes up 4.72% of the total population, substantially below the average of 9.22%. Turkmenistan is ranked 124 out of 194 countries in this age group.

Population ages 65 and above, total: The total population aged 65 and above in Turkmenistan is 294,757, well below the average of 3,766,959. Turkmenistan is ranked 127 out of 194 countries in this category.

Summary

Turkmenistan has a relatively small population of 6,250,438, with a higher percentage of individuals aged 0-14 compared to the global average. However, it has a lower proportion of people aged 15-64 and 65 and above. These demographic indicators are crucial as they provide insights into the country's workforce composition, dependency ratio, and potential future social welfare burdens.

Population Miscellaneous

- Turkmenistan's rural population stands at 2,967,958, significantly below the attribute average of 18,044,041. Turkmenistan ranks 92 out of 190 countries in this category.
- The rural population (% of total population) in Turkmenistan is 47.484%, above the attribute average of 41.158%. Turkmenistan is ranked 72 out of 190 countries.
- Turkmenistan's urban population is 3,282,480, well below the attribute average of 22,425,747. The country ranks 114 out of 194 nations in this aspect.
- The urban population (% of total population) in Turkmenistan is 52.516%, lower than the attribute average of 59.691%. Turkmenistan holds the 123rd rank out of 194 countries.
- Turkmenistan's age dependency ratio (% of working-age population) is 56.124%, below the attribute average of 59.219%. The country holds the 89th rank out of 194 nations.
- The crude birth rate in Turkmenistan is 22.294 per 1,000 people, above the average of 19.384. Turkmenistan ranks 67 out of 192 countries in this metric.
- Turkmenistan's crude death rate is 6.836 per 1,000 people, below the average of 8.214. The country ranks 122 out of 192 nations.
- The total fertility rate in Turkmenistan is 2.701 births per woman, slightly above the average of 2.603. Turkmenistan holds the 72nd rank out of 190 countries in this category.

Summary

Turkmenistan has a relatively small rural population compared to the global average but a higher percentage of its total population resides in rural areas. The country also has a lower urban population percentage compared to the global average. Turkmenistan has a lower age dependency ratio and a higher crude birth rate, indicating a younger population. These indicators are important as they provide insights into the demographic structure, urbanization level, and potential workforce dynamics of Turkmenistan, which are crucial for policymakers and investors in understanding the country's economic development and future prospects.

Military

1. Turkmenistan has a total of 57,000 armed forces personnel, which is significantly below the attribute average of 165,908. Turkmenistan ranks 66th out of 164 countries in this category.

2. In terms of the percentage of armed forces personnel compared to the total labor force, Turkmenistan stands at 2.85%, well above the attribute average of 1.28%. This places Turkmenistan at the 17th position out of 164 countries.

Summary

Turkmenistan has a relatively low total number of armed forces personnel compared to the global average, ranking 66th out of 164 countries. However, the percentage of armed forces personnel in Turkmenistan's total labor force is significantly higher than the global average, placing the country at the 17th position globally. These statistics indicate that while Turkmenistan may have a smaller military overall, it has a relatively high proportion of military personnel in its workforce, which could have implications for national security strategies and defense spending priorities.

Natural Resources

1. Turkmenistan has a forest area of 41,270 sq. km, well below the global average of 211,606 sq. km, ranking 75th out of 191 countries included in the data.

2. The land area of Turkmenistan is 469,930 sq. km, below the average of 665,166.51 sq. km, placing it at 52nd out of 194 countries.

3. Turkmenistan's surface area is 488,100 sq. km, also under the average of 689,779.56 sq. km, ranked 53rd out of 194 countries.

4. With 1,940,000 hectares of arable land, Turkmenistan falls short of the average of 7,329,543.16 hectares, ranking 85th out of 190 countries.

5. The country has 729,894 hectares of land under cereal production, lower than the average of 4,206,011.63 hectares, placing it at 89th out of 174 countries.

6. Turkmenistan receives an average precipitation depth of 161 mm per year, significantly below the average of 1,157.83 mm per year, ranked 166th out of 178 countries.

7. The total renewable internal freshwater resources in Turkmenistan are 1.405 billion cubic meters, a fraction of the average of 240.41 billion cubic meters, and it ranks 151st out of 178 countries.

Summary

Turkmenistan has below-average forest area, land area, arable land, land under cereal production, precipitation depth, and renewable internal freshwater resources compared to global averages. These statistics indicate potential challenges in terms of environmental sustainability, agricultural productivity, and water resource management for Turkmenistan, highlighting areas that may require focused attention and investment for balanced economic development.

Commodities

1. Turkmenistan's Cereal production is 1599474.13 metric tons, significantly below the average of 17249945.93 metric tons. Turkmenistan ranks 96 out of 174 countries in this attribute data.

2. Aquaculture production in Turkmenistan is 150 metric tons, far below the average of 679642.92 metric tons. Turkmenistan is ranked 144 out of 180 countries in this aspect.

3. Turkmenistan's Capture fisheries production is 14605 metric tons, also notably lower than the average of 467453.06 metric tons. The country holds the 131st position out of 190 countries.

4. Total fisheries production in Turkmenistan amounts to 14755 metric tons, well under the average of 1153914.85 metric tons. Turkmenistan ranks 137th out of 182 countries in this category.

5. Turkmenistan's Fertilizer consumption stands at 241.91 kilograms per hectare of arable land, above the average of 159.04 kilograms per hectare. The country is ranked 31 out of 187 countries in this aspect.

Summary

Turkmenistan's agricultural sector, as indicated by its cereal production, aquaculture, capture fisheries, and total fisheries production, falls below global averages, positioning the country in lower rankings when compared to other nations. However, in terms of fertilizer consumption per hectare of arable land, Turkmenistan exceeds the average consumption rate, placing it higher in the global ranking.

These findings are crucial as they highlight Turkmenistan's challenges in achieving competitiveness and self-sustainability in agriculture while also showcasing efficiency in utilizing fertilizers to maximize agricultural output. Addressing the disparities in production levels could enhance food security and economic stability, while maintaining balanced fertilizer use is essential for environmental sustainability and long-term agricultural productivity.

Intellectual Property

Turkmenistan's production of Scientific and technical journal articles is significantly below the average of 15,103.76 with a value of 5.5, ranking 185th out of 192 countries. This indicates a comparatively lower level of contribution to the global scientific discourse.

Summary

Turkmenistan's production of Scientific and technical journal articles is notably low at 5.5, placing it 185th out of 192 countries and well below the average of 15,103.76. This suggests a limited participation in global scientific dialogue, potentially indicating challenges in research and innovation capabilities, which are vital for long-term economic development and competitiveness in the modern knowledge-based economy.

Broad Economy Attributes

1. Turkmenistan's GDP (current US$) is $45,818,000,000, ranking 86 out of 189 countries. This value is below the average GDP of $442,870,224,838.68.

2. Turkmenistan's GDP per capita (current US$) is $7,330.37, ranking 79 out of 190 countries. This is below the average GDP per capita of $15,462.11.

3. Turkmenistan's GNI (current US$) is $45,566,594,285.71, ranking 84 out of 185 countries. The country's GNI is below the average of $452,040,815,370.70.

Summary

Turkmenistan's GDP, GDP per capita, and GNI are all below the global averages, indicating that the country is not as economically prosperous as other nations on average. This suggests that Turkmenistan may face challenges in terms of economic development, infrastructure, and standard of living compared to countries with higher GDP figures. It highlights the need for Turkmenistan to focus on strategies to boost its economic growth and improve the well-being of its citizens.

Broad Value Added

- In terms of Agriculture, forestry, and fishing, value added (% of GDP), Turkmenistan's value of 11.49% is slightly above the average of 10.86%. This places Turkmenistan at rank 65 out of 182 countries.
- For Agriculture, forestry, and fishing, value added (current US$), Turkmenistan's value of $5,265,428,571.43 is significantly below the average of $19,924,732,828.07. Turkmenistan is ranked 67 out of 182 countries for this attribute.
- Turkmenistan's Services, value added (% of GDP) stands at 51.13%, which is below the average of 56.72%. This places Turkmenistan at rank 132 out of 183 countries.
- In terms of Services, value added (current US$), Turkmenistan's value of $23,424,571,428.57 is also below the average of $295,837,711,130.69. Turkmenistan is ranked 85 out of 183 countries in this category.
- Turkmenistan's Industry (including construction), value added (current US$) is $17,128,000,000, substantially lower than the average of $118,421,095,413.50. This positions Turkmenistan at rank 76 out of 183 countries.

Summary

Turkmenistan's economy heavily relies on the agriculture, forestry, and fishing sectors, with a value added (% of GDP) slightly above average but value added in current US$ significantly below average. In contrast, the country's services sector lags behind compared to the global average in terms of both GDP contribution and absolute value added. Additionally, Turkmenistan's industry, including construction, is notably underdeveloped in comparison to the global average. These indicators are crucial as they highlight Turkmenistan's economic structure, showing areas of strength and weakness that can guide policy decisions and strategic planning for sustainable economic development.

Money

Analysis of Inflation, GDP deflator (annual %) in Turkmenistan: Turkmenistan's inflation rate, as measured by the GDP deflator, is 4.86%, which is below the average of 6.90%. The country ranks 47 out of 188 countries in this attribute.

Summary

Turkmenistan's inflation rate, as indicated by the GDP deflator, stands at 4.86%, below the global average of 6.90%. This places Turkmenistan at 47th out of 188 countries in terms of this indicator. These findings suggest that Turkmenistan has managed to keep its inflation relatively low compared to the global average, which can attract investors, maintain price stability, and support overall economic growth in the country.

Consumption Expenditure

For General government final consumption expenditure (current US$), Turkmenistan's expenditure amount is $4,591,142,857.14. This is notably lower than the average expenditure of $93,676,578,238.03. Turkmenistan ranks 90th out of 158 countries in this category.

Regarding General government final consumption expenditure (% of GDP), Turkmenistan's expenditure takes up 10.02% of its GDP. This figure is below the average of 18.71%. Turkmenistan is ranked 138th out of 158 countries in this metric.

Summary

Turkmenistan's general government final consumption expenditure in current US dollars is significantly lower than the global average, ranking 90th out of 158 countries. Additionally, its expenditure as a percentage of GDP is below average, ranking 138th globally. These indicators suggest that Turkmenistan may be prioritizing other areas for economic development or facing limitations in public spending capacity compared to many other countries.

Investment

Foreign direct investment, net inflows (BoP, current US$) in Turkmenistan amount to $1,436,241,797. This is below the attribute average of $5,749,271,080.14. Turkmenistan ranks 62 out of 182 countries in this dataset.
Foreign direct investment, net inflows (% of GDP) in Turkmenistan stand at 3.13% of GDP, which is above the attribute average of 2.61%. Turkmenistan holds the 59th position out of 178 countries in this metric.

Summary

Turkmenistan received $1,436,241,797 in net foreign direct investment, which is below the average for countries in the dataset. However, the FDI inflows represent 3.13% of Turkmenistan's GDP, placing it above the dataset average. These figures are crucial as they indicate Turkmenistan's attractiveness to foreign investors despite receiving lower than average FDI in absolute terms.

Debt

Total debt service (% of GNI) for Turkmenistan is 4.59%, which is below the average of 5.98%. Turkmenistan ranks 54 out of 120 countries in this attribute.

Public and publicly guaranteed debt service (% of GNI) is 4.56% for Turkmenistan, above the average of 2.84%. Turkmenistan ranks 24 out of 120 countries.

External debt stocks (% of GNI) in Turkmenistan are at 12.37%, significantly below the average of 65.42%. The country ranks 116 out of 120 countries in this aspect.

Debt service on external debt, total (TDS, current US$) for Turkmenistan is $2,093,041,829.30, lower than the average of $9,811,195,839.23. Turkmenistan ranks 46 out of 123 countries.

Debt service on external debt, public and publicly guaranteed (PPG) (TDS, current US$) stands at $2,078,660,287 for Turkmenistan, below the average of $3,310,612,057.60. The country is ranked 32 out of 123 countries.

External debt stocks, public and publicly guaranteed (PPG) (DOD, current US$) amount to $5,342,213,107 in Turkmenistan, below the average of $28,695,879,144.98. Turkmenistan ranks 67 out of 123 countries.

External debt stocks, private nonguaranteed (PNG) (DOD, current US$) for Turkmenistan are $51,400,764.80, well below the average of $33,734,699,285.22. Turkmenistan ranks 84 out of 91 countries.

External debt stocks, total (DOD, current US$) in Turkmenistan reach $5,636,041,535.60, significantly lower than the average of $73,845,530,111.82. The country is ranked 82 out of 123 countries.

Summary

Turkmenistan maintains a relatively low level of debt burden compared to the global average across various debt service and external debt metrics. The country's prudent debt management is reflected in its rankings which are mostly below the average among the listed countries. These indicators are crucial as they highlight Turkmenistan's financial stability and ability to meet its debt obligations without significant strain on its economy.

Broad Trade Attributes

Trade (% of GDP): Turkmenistan has a trade value of 35.94% of GDP, which is below the attribute average of 82.34%. The country is ranked 143 out of 163 countries included in the data.

Merchandise trade (% of GDP): Turkmenistan's merchandise trade is 21.23% of GDP, lower than the attribute average of 60.01%. The country is ranked 181 out of 186 countries in this category.

External balance on goods and services (current US$): Turkmenistan has an external balance of -136,857,142.86 USD, significantly below the attribute average of 3,405,509,011.13 USD. The country is ranked 71 out of 163 countries.

External balance on goods and services (% of GDP): Turkmenistan's external balance is -0.30% of GDP, while the attribute average is -5.97%. The country is ranked 67 out of 163 countries in this aspect.

Summary

Turkmenistan's trade as a percentage of GDP and merchandise trade as a percentage of GDP are both below global averages, indicating a relatively smaller share of international trade activities. The country's negative external balance on goods and services, both in absolute terms and as a percentage of GDP, highlights a trade deficit, which may impact the country's foreign exchange reserves and overall economic stability. These indicators are crucial as they reflect Turkmenistan's level of integration into the global economy and its ability to compete in the international market.

Broad Export Attributes

Regarding Exports of goods and services (current US$), Turkmenistan's value is $8.16 billion, which is significantly below the average of $129.60 billion. Turkmenistan ranks 91 out of 163 countries in this attribute.

As for Exports of goods and services (% of GDP), Turkmenistan's percentage is 17.82%, notably lower than the average of 38.19%. The country holds the 127th position out of 163 countries in this regard.

Summary

Turkmenistan's export performance lags behind the global average, with both the total value of exports and the share of exports in GDP falling below average levels. This indicates a reliance on domestic consumption or other sectors for economic growth, rather than tapping into the potential benefits of international trade. Diversifying the export base and expanding trade relationships could help Turkmenistan boost economic growth and development in the long term.

Merchandise Exports

Analysis of Merchandise exports (current US$): Turkmenistan's merchandise exports amount to $6,492,000,000, which is significantly below the average of $89,542,711,229.95. Turkmenistan ranks 98th out of 187 countries in this attribute data.

Summary

Turkmenistan's merchandise exports of $6.49 billion are notably lower than the global average of $89.54 billion. This places Turkmenistan at the 98th position out of 187 countries in terms of merchandise export value. The low level of exports indicates potential challenges in diversifying the economy, reducing dependency on specific sectors, and tapping into international markets for economic growth.

Broad Import Attributes

Imports of goods and services (current US$): Turkmenistan's value for this attribute is $8,301,142,857.14. This is significantly below the average of $126,191,355,599.06. The country ranks 99 out of 163 countries in this dataset.

Imports of goods and services (% of GDP): Turkmenistan's value for this attribute is 18.12%. This figure is below the average of 44.15%. The country holds the 150th position out of 163 countries in this dataset.

Summary

Turkmenistan has a relatively low value for both its imports of goods and services in current US dollars and as a percentage of its GDP compared to the global average. This indicates a limited integration with the global economy and suggests potential challenges in terms of diversification and economic growth. It also underscores the importance for Turkmenistan to focus on boosting its trade relationships and expanding its export capabilities to enhance economic resilience and competitiveness in the long term.

Merchandise Imports

Merchandise imports in Turkmenistan amount to $3,233,000,000. This is significantly below the attribute average of $89,385,605,263. Turkmenistan ranks 135th out of 190 countries in terms of merchandise imports.

Summary

Turkmenistan's merchandise imports amount to $3,233,000,000, which is notably lower than the global average of $89,385,605,263. Ranking 135th out of 190 countries in this aspect indicates the country's limited integration into the global trade network. This information is crucial for understanding Turkmenistan's economic openness, industrial development, and dependency on domestic production versus imports.

Infrastructure

In terms of Air transport, freight (million ton-km), Turkmenistan's value of 4.35 million ton-km is significantly below the average of 1384.37 million ton-km, ranking at 83 out of 126 countries in the dataset.

Regarding Air transport, registered carrier departures worldwide, Turkmenistan's value of 9671.14 departures is notably below the average of 134365.61 departures, placing it at a rank of 84 out of 149 countries in the dataset.

For Air transport, passengers carried, Turkmenistan's value of 1,084,543.42 passengers is well below the average of 11,848,242.70 passengers, positioning it at a rank of 69 out of 149 countries in the dataset.

Summary

Turkmenistan lags significantly behind the global average in key air transport indicators such as freight transported, registered carrier departures, and passengers carried. This indicates a relatively underdeveloped air transport sector in Turkmenistan compared to the rest of the world. A well-functioning air transport sector is crucial for facilitating trade, tourism, and overall economic growth, so these below-average statistics highlight an area where Turkmenistan may need to focus on improving its infrastructure and connectivity to enhance its economic development and global competitiveness.

Information Technology Infrastructure

For Secure Internet servers, Turkmenistan has 286 servers which is significantly below the average of 458,294 servers. Turkmenistan ranks 144th out of 193 countries in this category.

Turkmenistan has 45.76 Secure Internet servers per 1 million people, much lower than the average of 14,067 servers per 1 million people. It ranks 150th out of 193 countries in this metric.

In terms of Fixed broadband subscriptions, Turkmenistan has 236,591 subscriptions, well below the average of 6,591,956 subscriptions. The country is ranked 108th out of 185 countries for this indicator.

Regarding Mobile cellular subscriptions, Turkmenistan has 6,164,777 subscriptions, which is lower than the average of 42,526,464 subscriptions. Turkmenistan ranks 113th out of 193 countries in this aspect.

Summary

Turkmenistan lags behind global averages in key macroeconomic indicators related to internet infrastructure and connectivity. The country has significantly fewer secure internet servers and fixed broadband subscriptions per 1 million people compared to the global average, ranking below average in both categories. This limited digital infrastructure hinders Turkmenistan's ability to effectively participate in the digital economy and may impact its overall competitiveness and integration into the global market.

Energy Consumption

- Turkmenistan's renewable energy consumption (% of total final energy consumption) is notably low at 0.06%, well below the average of 32.18%. This places Turkmenistan at a low rank of 189 out of 191 countries in the dataset.

- In terms of CO2 emissions (kt), Turkmenistan emits 63,655 kt which is significantly lower than the average emission of 171,895.94 kt. This positions Turkmenistan at a relatively low rank of 48 out of 188 countries in the dataset.

Summary

Turkmenistan's renewable energy consumption is alarmingly low at 0.06%, ranking it 189th out of 191 countries. Additionally, its CO2 emissions are significantly below the global average at 63,655 kt, placing it at the 48th position out of 188 countries. These statistics indicate that Turkmenistan heavily relies on non-renewable energy sources and has relatively lower carbon emissions compared to other nations. Addressing these issues is crucial for Turkmenistan's sustainable development and environmental impact on a global scale.

Top Stats

Ranks in Bottom Decile For:

Attribute	Rank/Total
Average precipitation in depth (mm per year)	166/178
Scientific and technical journal articles	185/192
External debt stocks (% of GNI)	116/120
External debt stocks, private nonguaranteed (PNG) (DOD, current US$)	84/91
Merchandise trade (% of GDP)	181/186
Imports of goods and services (% of GDP)	150/163
Renewable energy consumption (% of total final energy consumption)	189/191