Ashgabat, Turkmenistan, June 6
By Huseyn Hasanov – Trend:
Turkmenistan’s real GDP will grow 6.3 percent in 2017, according to the World Bank’s June 2017 Global Economic Prospects report published June 6.
This is while in 2016, Turkmenistan’s real GDP growth was 6.2 percent, the report said.
In 2018 and 2019, Turkmenistan’s real GDP will grow 6.5 percent, according to the report.
Earlier, the WB reported that inflation in Turkmenistan in 2017 will remain unchanged at the last year’s level of 6 percent.
Turkmenistan ranks fourth in the world in terms of the volume of natural gas and has opportunities to export it to China and Iran.
Ashgabat chose a course to diversify the local economy. The textile industry, as well as the area of petroleum products, advanced. The oil, gas and chemical industry and the production of building materials are being actively developed.