This information is derived from the State Department's Office of Investment Affairs' Investment Climate Statement. Any questions on the ICS can be directed to EB-ICS-DL@state.gov
Last Published: 11/3/2017

Government data on most economic indicators, including Foreign Direct Investment (FDI), remain generally unavailable or unreliable. According to various independent analysts, however, most foreign investment is directed toward the country’s oil and gas sector. Such investments include three onshore Production Sharing Agreements (PSAs): the Nebitdag Contractual Territory operated by ENI; the Khazar project operated jointly by the Turkmennebit state oil concern and Mitro International of Austria; and the Bagtyarlyk Contractual Territory operated by the Chinese National Petroleum Corporation (CNPC). In addition, there are six PSAs for offshore operations: Block I operated by Petronas of Malaysia; Block II (Cheleken Contractual Territory) operated by Dragon Oil (UAE); Block III operated by Buried Hill (Canada); Block 23 operated by RWE of Germany; and Block 21 operated by Itera of Russia. RWE is in the process of terminating its PSA with the Government of Turkmenistan and closing down its Turkmenistan branch.
Table 2: Key Macroeconomic Data, U.S. FDI in Host Country/Economy

 Host Country Statistical source*USG or international statistical sourceUSG or International Source of Data: BEA; IMF; Eurostat; UNCTAD, Other
Economic DataYearAmountYearAmount 
Host Country Gross Domestic Product (GDP) ($M USD)2014$43.514 billion2015$35.85 billionThe World Bank
Foreign Direct InvestmentHost Country Statistical source*USG or international statistical sourceUSG or international Source of data: BEA; IMF; Eurostat; UNCTAD, Other
U.S. FDI in partner country ($M USD, stock positions)2014N/A2015N/ABureau of Economic Analysis
Host country’s FDI in the United States ($M USD, stock positions)2014N/A2015N/ABureau of Economic Analysis

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Turkmenistan Economic Development and Investment