Economic activities of Turkmenistan
Gas and oil are the primary natural resources of Turkmenistan. Food grains and cotton are grown in oases regions. Cattle grazing and livestock farming are the other primary activities in this desert country. Agricultural sector provides employment to more than 48% of occupied labor force, and accounts for more than 11% of GDP (gross domestic product).
Extraction of gas and oil are the predominant industries in Turkmenistan. Manufacture of petroleum products and textiles are the other notable industries. Food processing is an important agriculture based industry. Industrial production contributes almost 41% towards GDP, and this sector engages 14% of the occupied labor supply.
The tertiary or services sector involving trade, commerce, telecommunications, transport and banking provides employment to almost 38% of the labor force. Its contribution to GDP amounts to almost 48%.
Crude oil, petroleum products, natural gas, cotton fiber and textiles are the major export commodities of Turkmenistan. The import goods include food items, machineries, equipments, and chemicals. Ukraine, Turkey, Russia, China, Iran, Azerbaijan, Germany and the USA are the key trading partners of Turkmenistan.
Economic indicators of Turkmenistan
The following are the vital economic parameters of Turkmenistan: