Thursday, June 24, 2010

Turkmenistan, Ashgabat Cost of Living April 2010

Country Full Name: Turkmenistan.

Location: Turkmenistan is in Central Asia, bordering the Caspian Sea, between Iran and Kazakhstan.

Country Climate: Subtropical desert.

Country Terrain: Flat-to-rolling sandy desert with dunes rising to mountains in the south; low mountains along border with Iran; borders Caspian Sea in west.

Major Languages: Turkmen, Russian.

Major Religions: Islam.

Country Population: 5.3 million (2008 est.) 5.4 million (2009 est.).

Country Economy: Turkmenistan is largely desert country with nomadic cattle raising, intensive agriculture in irrigated oases, and huge gas and oil resources. One-half of its irrigated land is planted in cotton, placing the country in the top 10-15 producers. It also possesses the world's fifth largest reserves of natural gas and substantial oil resources.

Currency: Turkmen new manat (TMT).

Country Inflation: 14.5% (2008 est.) 0.45% (2009 est.).

City: Ashgabat is the capital and largest city of Turkmenistan.

City Economy: Ashgabat is primarily a government and administrative center. The principal industries are cotton textiles and metal working.
Cost of Living: Ashgabat has an overall cost of living index which equates it with middle cost of living locations. The overall cost of living index is comprised of the prices for defined quantities of the same goods and services across all 13 Basket Groups. Ashgabat is currently ranked 163 overall, most expensive place in the world for expatriates to live, out of 282 international locations.

For more cost of living information on Turkmenistan, Ashgabat