Ashgabat, Turkmenistan, Dec. 9
By Huseyn Hasanov – Trend:
Turkmenistan’s GDP grew by 6.5 percent in January-November 2017, the country’s Deputy Prime Minister Gochmyrat Myradov said at a meeting of the Cabinet of Ministers, Turkmenistan State News Agency reported Dec. 9.
Turkmenistan’s GDP rose in industry by 5.8 percent, in construction – by 1.4 percent, in transport and communications sector – by 10.9 percent, in trade – by 9.6 percent, in agriculture – by 5.1 percent, and in services sector – by 8.9 percent.
In January-November 2017, the growth rate of production reached 6.4 percent, as compared to the same period of 2016.
According to BP, Turkmenistan ranks fourth in the world for its natural gas reserves. The country supplies gas to China and Iran. Turkmenistan is diversifying its economy, developing the textile and oil products industry, actively developing oil and gas chemical industries and the industry for the production of construction materials.