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Turkmenistan was ranked 161st out of 184 on the 2023 Index of Economic Freedom, a slight improvement over previous years.

Turkmenistan was ranked 165th in 2022 and 167th in 2021. The index is compiled (since 1995) by the Heritage Foundation in conjunction with The Wall Street Journal.

"Turkmenistan's economic freedom score this year is 46.5, its score is 0.3 point higher than last year".

The report says that the economy remains dominated by state- owned monopolies and is based on intensive agriculture in irrigated oases, sizable oil resources, and the world’s reserves of natural gas.

Of the Central Asian countries, Kazakhstan was ranked 71st, Uzbekistan 109th, Kyrgyzstan 115th and Tajikistan 146th. 

Singapore, Switzerland, Ireland and Taiwan top the list because they are recognised as economically free countries.

Credits: Eziz Boyarov, Ashgabat

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