GDP increases by 9.4 percent in Turkmenistan since early 2013
Turkmenistan, Ashgabat, July 15/ Trend H. Hasanov /
The Gross Domestic Product (GDP) growth was estimated at 9.42 percent in Turkmenistan for six months of 2013, local media reported on Monday referring to Turkmen president Gurbanguly Berdimuhamedow during the Cabinet of Ministers' meeting.
"Thanks to the country's thought-out investment policy, attraction of significant foreign investments to the country, the coordinated work of all bodies, the real growth of the GDP volume hit 9.4 percent," the president said.
All branches of the country's economy have been rapidly developed in this period. The growth in the industry is 6.6 percent, in construction- 17.7 percent, in service sector- 11.3 percent, in agriculture -7 percent.
As of January-June of 2012, GDP growth was 11.1 percent in Turkmenistan.
Turkmenistan holds one of the key positions in the region in terms of natural gas supplies. Russia, China and Iran are importers.
The country's leadership has taken the course for the economic diversification. Oil and gas processing sphere, textile industry, cotton processing industry and production of construction materials have been recently developed.
The local media also noted on Monday that the growth in the sphere of oil and gas condensate production, the volume of oil processing and the production of oil products, as well as petrol, polypropylene, liquefied gas has been observed for the first six months of 2013.
As of six moths of this year, the plan of well drilling was over-fulfilled by 40.7 percent compared to 118.9 percent in 2012.