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Country Program Snapshot

Following independence in 1991, the country experienced several years of economic decline. The economy was hit hard in 1997 when non-payments by the Commonwealth of Independent States (CIS) forced a suspension of virtually all natural gas exports. However, the economy began to recover and accelerate by 1998 and started growing in double digits since 2004. This strong growth has been driven by the resumption of natural gas exports to Ukraine and Russia (accounting for about 80 percent of total merchandise exports) and by large-scale public investment in oil refineries, textiles, food processing, transportation, telecommunication, and various construction projects. Although alternative estimates by international financial organizations indicate that the growth rates may have been lowered than official estimates, the economy appears to have expanded strongly over the last few years.
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Turkmenistan: Avian Influenza and Human Pandemic Preparedness and Response Project
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2010
Population, total (millions)5.2
Population growth (annual %)1.6
GDP (current US$) (billions)20.0
GDP growth (annual %)9.2
GDP per capita (current US$)3.861
Inflation, consumer prices (annual %)4.4
Time required to start a business (days)N/A
Data Source: World Development Indicators, World Bank 



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