Turkmenistan introduces international statistical standards

Turkmenistan, Ashgabat, Nov 28 /Trend H. Hasanov/

Turkmenistan is implementing a programme for the transition of a statistical system to international standards, the committee said, noting that the main lines of this transition have been calculated for the period up to 2012.

The current system of state statistical observation is based on a combined method, where a continuous method of accounting dominates over a selective one.

Statistical aggregates are improved taking into account the main international macroeconomic standard of the national accounts system (NAS), the material said.

In this regard, the work is being carried out in the system of national accounts to improve the methodology of calculating the gross domestic product (GDP) by the fields of economics at constant prices. GDP estimates are based on a solid base of information coming from all sectors, industries and regions.

Matching of the GDP estimates by various methods is one of the most important requirements. The introduction of quarterly GDP estimates using different methods and systems for their approval is provided in this regard.

Participation of Turkmenistan in the International Comparison of GDP is important in obtaining a GDP per capita.

Ministry of Finance of the country previously reported that a stable growth rate of gross domestic product (GDP) was provided from January to September 2012 in Turkmenistan which amounted to 111.1 per cent compared to the same period last year. This is while 52.5 per cent of the GDP accounted for industry.

Turkmenistan occupies a key position in the region for the supply of natural gas - importers are Russia, China and Iran.

At the same time the government adopted a policy of diversification of the economy in recent years, developing oil and gas processing, the textile industry, cotton industry and production of building materials.

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