Turkmenistan's GDP grows by 9.2 percent from year’s start
Turkmenistan, Ashgabat, June 10 / Trend, H. Hasanov /
The growth of Turkmenistan's gross domestic product (GDP) in the first five months of 2013 was 9.2 percent, according to the Ministry of Finance of Turkmenistan.
"As a result of economic reforms, the creation of new industries, development of multi-industrial complexes in the regions and modernization of existing production, the share of industry in GDP was at 57 percent," the statement said.
According to the statement, the share of construction has increased as well, amounting to 12.8 percent. The volume of inward investment into various sectors of the economy has increased by 7.3 percent.
In January-May 2012, Turkmenistan's GDP growth stood at 10.9 percent.
Turkmenistan occupies one of the key positions in the region on natural gas supplies (importers are Russia, China and Iran).
Also, the government has adopted a policy of diversification of the economy. Thus, Turkmenistan has been developing its processing, textile industry, cotton processing industries and production of building materials in recent years.