Factory price incomer breaker in Turkmenistan

Why is Turkmenistan emerging as a regional trade and Energy Hub?

With its strategic location along the Belt and Road Initiative (BRI), Turkmenistan is emerging as a regional trade and energy hub. Key economic indicators: GDP growth: Estimated at 6.2% in 2023, fueled by natural gas exports and public infrastructure projects.

What are the major industries in Turkmenistan?

2. Key Industries Turkmenistan’s economy is dominated by natural gas, agriculture, and infrastructure development, with opportunities for diversification: Natural Gas and Energy: The world’s fourth-largest natural gas reserves make Turkmenistan a major exporter to China and neighboring countries.

What is the economy of Turkmenistan?

Economic Overview Turkmenistan, with a GDP of approximately $60 billion in 2023, is one of the most resource-abundant economies in Central Asia, driven by its vast reserves of natural gas. With its strategic location along the Belt and Road Initiative (BRI), Turkmenistan is emerging as a regional trade and energy hub.

What is the tax system in Turkmenistan?

Turkmenistan offers a competitive tax system to attract foreign investment in key sectors: Corporate Tax: Standard rate of 8%, with reductions and exemptions for priority sectors. Value-Added Tax (VAT): Standard rate of 15%, applicable to most goods and services. Personal Income Tax: Flat rate of 10%, promoting simplicity and competitiveness.