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Private sector share of Turkmen GDP grows

Business Materials 1 August 2013 10:08 (UTC +04:00)
The share of the economy's non-state sector is growing in Turkmenistan's Gross Domestic Product (GDP), Turkmenistan's Institute of Strategic Planning and Economic Development reported.
Private sector share of Turkmen GDP grows

Turkmenistan, Ashgabat, July 31 / Trend, H. Hasanov /

The share of the economy's non-state sector is growing in Turkmenistan's Gross Domestic Product (GDP), Turkmenistan's Institute of Strategic Planning and Economic Development reported.

According to the results of last year, over 55 percent of GDP fell to the share of products and services of Turkmenistan's private sector enterprises, not including fuel and energy.

According to the report, positive dynamics remain: the enterprises of Turkmenistan's Union of Industrialists and Entrepreneurs produced 42.6 percent more industrial products in first six months of 2013, compared to the same period of 2012.

The volume of agricultural production increased more than twice in size. The total commodity turnover of the private sector has grown by 127 percent and the volume of services rendered to the population has grown by 74.6 percent.

The private sector has adopted a new factory. Textiles, chemicals as well as furniture production can be produced there.

Food production has significantly increased.

Currently, the construction of around 1,865 facilities is conducted and over $41 billion worth investment is being developed. Around $13 billion of this volume is developed by domestic construction

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