Growth rate of Turkmenistan’s GDP exceeds 6%

Business Materials 19 July 2016 19:13 (UTC +04:00)

Ashgabat, Turkmenistan, July 19

By Huseyn Hasanov – Trend:

The growth rate of Turkmenistan’s GDP was maintained at the level of 6.1 percent in January-June 2016, said the country’s Ministry of Economy and Development in a message.

Meanwhile, the growth rate of GDP in industrial complex amounted to 2.1 percent, in construction – 4.4 percent, transportation and communication sector – 9.9 percent, trade – 16 percent, agriculture – 6.9 percent, services – 9.7 percent.

During the H1 2016, the growth rate of output increased by 3 percent in Turkmenistan. The growth rate of retail trade turnover increased by 16.1 percent in January-June 2016 compared to the same period of 2015.

Average monthly salary in Turkmenistan increased by 9.5 percent in H1 2016 compared to the same period of 2015.

The volume of investments from all sources of funding increased by 5.7 percent during the reporting period compared to January –June 2015.

It was earlier reported that the European Bank for Reconstruction and Development (EBRD) forecasts the growth rate of Turkmenistan’s GDP at the level of 6.5 percent in 2016.