As of late January, the growth of the gross domestic product (GDP) of Turkmenistan was 6.2%, the Turkmen government said in a statement.
In general, the volume of production and the retail trade turnover grew by 4.9% and 19% YoY, respectively.
The plan for the production of various types of food products has been fulfilled by 155.1%. The report detailing the aforementioned figures was presented at a meeting of the Cabinet of Ministers of Turkmenistan.
The plan for the extraction of oil and gas condensate was fulfilled by 103.2%, natural and associated gas by 107.9%, processing of hydrocarbon raw materials by 113.3%, gasoline production by 101.3%, diesel fuel by 108.8%, lubricating oils by 100.9%, liquefied gas by 110.6%, and investment management by 113.5%.
Turkmenistan, according to a report by British Petroleum (BP), ranks fourth in the world in terms of natural gas reserves and currently exports it to China and Iran.
The country set a course for diversifying the local economy. The textile and petroleum industries have developed, and the oil, gas, chemical, and building material industries are actively developing. (Trend/Business World Magazine)