Turkmenistan’s GDP rises
Ashgabat, Turkmenistan, Apr. 11
By Huseyn Hasanov- Trend:
Turkmenistan's GDP increased by 6.3 percent in January-March 2016, the Turkmen economy and development ministry said Apr. 11.
The GDP growth in the industrial sector amounted to 2.5 percent, construction - 5.7 percent, transport and communication complex - 10 percent, trade - 16.7 percent, agriculture - 5.8 percent, services - 9.5 percent, the statement said.
The average monthly salary in large and medium enterprises of the country has increased by 9.5 percent.
The retail trade turnover volume increased by 17 percent in Turkmenistan for the three months of this year compared to the same period of 2015, the statement said.
During the reporting period, the volume of spent investments through all sources of funds amounted to 7.8 billion Turkmen manats at a growth rate of 5.7 percent compared to the same period of 2015.
Turkmenistan ranks fourth in the world's natural gas reserves. At present, it exports gas to China and Iran, according to a British Petroleum (BP) report. At the same time, Russia, a traditional buyer in 2016, has stopped the purchases of the Turkmen gas.