Turkmenistan's GDP greatly increases since early 2014
Ashgabat, Turkmenistan, Dec. 8
By Huseyn Hasanov- Trend:
The growth of the gross domestic product (GDP) shows the dynamic economic development of Turkmenistan. The figure was 110.3 percent in January-November 2014, the Turkmen Ministry of Economy and Development said.
The production growth was ensured at the level of 113.5 percent compared to the same period of last year. The foreign trade turnover volume amounted to 104.6 percent compared to the same period of 2013.
The volume of used investments through all sources of financing reached 108.2 percent during the period compared to the same period of 2013.
The ratio of this index to GDP was ensured at the level of 44.6 percent, a statement says.
Turkmenistan ranks fourth with its natural gas reserves in the world. At present, it can export gas to China, Iran and Russia, according to British Petroleum (BP) report.
Ashgabat chose a course to diversify the local economy. The textile industry, the area of petroleum products advanced. The oil, gas and chemical industry and the production of building materials are being actively developed.
edited by CN