Cost of living in Turkmenistan

In 1924, Turkmenistan became a Soviet republic; it achieved independence when the USSR dissolved in 1991. President for Life Saparmurat NIYAZOV died in 2006, and Gurbanguly BERDIMUHAMEDOV, a deputy chairman under NIYAZOW, emerged as the country's new president. BERDIMUHAMEDOV won Turkmenistan's first multi-candidate presidential election in 2007, and again in 2012 and 2017 with over 97% of the vote in elections widely regarded as undemocratic. In 2022, BERDIMUHAMEDOV announced that he would step down from the presidency and called for an election to replace him. His son, Serdar BERDIMUHAMEDOV, won the ensuing election with 73% of the vote. Gurbanguly BERDIMUHAMEDOV, although no longer head of state, maintains an influential political position as head of the Halk Maslahaty (People’s Council) and as National Leader of the Turkmen People, a title that provides additional privileges and immunity for him and his family. Since Gurbanguly BERDIMUHAMEDOV stepped down from the presidency, state-controlled media upgraded his honorific from Arkadag (protector) to Hero-Arkadag, and began referring to Serdar BERDIMUHAMEDOV as Arkadagly Serdar, which can be translated as "Serdar who has a protector to support him."Turkmenistan has sought new export markets for its extensive hydrocarbon/natural gas reserves, which have yet to be fully exploited. Turkmenistan's reliance on gas exports has made the economy vulnerable to fluctuations in the global energy market, and economic hardships since the drop in energy prices in 2014 have led many citizens of Turkmenistan to emigrate, mostly to Turkey.