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Turkmenistan announces several macroeconomic indicators for 2010

Business Materials 24 January 2011 16:16
The GDP growth rate in Turkmenistan from January to November 2010 amounted to 107.7 percent in comparable prices, State Statistics Committee said today.

Turkmenistan, Ashgabat, Jan.24 / Trend H. Hasanov /

The GDP growth rate in Turkmenistan from January to November 2010 amounted to 107.7 percent in comparable prices, State Statistics Committee said today.

It is notable that at a recent governmental meeting it was noted that last year's GDP grew by 109.2 percent in general. Investments in fixed capital for this period amounted to 25,275.9 manat, which is 114.1 percent more than last year's figures.

In previous years, agriculture's share in Turkmenistan's GDP was nearly 40 percent; at this stage, it fell to 10 percent. Simultaneously, the share of industry and construction increased almost by three times, which today accounts for nearly 60 percent of GDP.

According to information, an aggregate index of consumer prices amounted to 104.77 percent in general in Turkmenistan over the last year. Investments in fixed capital from January to November 2010 hit 25,275.9 manat, which is 114.1 percent more than last year's figures.
 
Turkmen government said that a fiscal policy has played an important role in achieving economic and financial stability and sustainable growth in production, which stimulated the attraction of investments into the real sector of economy and increased costs on social programs.

The created stabilization fund positively affects the economic situation and stability, which allowed maintaining the stability of the Turkmen economy in terms of the global economic crisis.

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