Content |
Main article: Turkmenistan
GDP
2020: 5.9% GDP growth
Turkmenistan's economy grew by 5.9% in 2020. The President of the country Gurbanguly Berdimuhamedow announced such a GDP indicator at a government meeting.
According to him, Turkmenistan managed to maintain the growth rate of the national economy, including in industry (+ 3.3%), trade (+ 15.1%) and the transport and communication sector (+ 4.7[1]%
Gurbanguly Berdimuhamedow said that during 2020, 45 large production and social facilities with a total value of $8 billion were launched in Turkmenistan, more than $38 billion were invested in the construction industry, about 12 thousand new jobs were created.
 | It is necessary to increase the production of import-substituting products, effectively developing the innumerable natural resources of the country, focus opportunities on improving the quality of life of the population, increasing incomes, creating new jobs and attracting investments, the president said, listing the tasks that need to be solved for the further development of the country. |  |
The head of the Union of Economists of Turkmenistan, Yuri Aronsky, notes that against the background of a fall in Western GDP , Turkmenistan's economy looks much preferable. This result was achieved thanks to timely government measures, including the National Program for Reducing the Impact of Difficult Situations in the World Economy on the Country's Economy and Sustainable Growth of the National Economy for 2020-2021, adopted in July 2020.
Speaking about the reasons for the growth of Turkmenistan's economy, economic observer for Turkmenistan Valentin Trapeznikov said that the industrial sector is successfully developing in the country. Large-scale work was carried out on the transition to large, technically developed production in all sectors of the national economy. The potential of the chemical and polymer industry is growing in the country, he added.
National debt
2023: State debt - 5% of GDP
Inflation
2022: Inflation in November - 17.5%
Gas production
2023: Turkmenistan faces unprecedented number of calls to eliminate methane emissions
Tajikistan is in fourth place in the world in terms of natural gas reserves. The aging infrastructure used to extract this fuel and run by the opaque public energy sector emits more methane per unit of oil and gas production than any other major supplier. So far, other countries have said little publicly to engage the regime in cooperation and bring about change, but by April 2023 the situation is changing and concern is growing.
2022: Lion's share of gas exports goes to China
2018: World No. 4 for natural gas reserves
ICT market
Main article: ICT (Turkmenistan market)
Power
2020: Average energy consumption per capita
and
Logistics
2023
Joining the Europe - Caucasus - Asia corridor
In November 2023, the Ministry of Foreign Affairs of Turkmenistan published a statement on the country's accession to the agreement on the development of the Europe-Caucasus-Asia transport corridor, signed back in 1998 in Baku.
The goal is to develop economic relations, trade and transport links in the European, Black Sea, Caspian, Caucasian and Asian regions.
The main problem is that Turkmenistan has virtually no infrastructure. All that is is the legacy of the Soviet Union, which has not been properly served since the collapse of the USSR, and its condition raises big questions.
Turkmens now need huge investments that no one particularly wants to allocate. And the restrictions imposed by the European Union on access to the EU gas market for companies with a large wear and tear of infrastructure call into question the prospects of Turkmenistan as a gas exporter.
Transport corridor from Kyrgyzstan to Russia launched
From July 2023 Uzbekistan Kyrgyzstan , they can use the new multimodal transport corridor Russia to and from bypassing Kazakhstan the Caspian Sea.
Agriculture
2019: Average use of pesticides in agriculture
Consumption
Meat
2023: Beef is the most consumed type of meat
Foreign trade
2022: China is the biggest export destination
Notes
| The site content is translated by machine translation software powered by PROMT. The machine-translated articles are not always perfect and may contain errors in vocabulary, syntax or grammar. Read original article If you find inaccuracies or errors in the results of machine translation, please write to editor@tadviser.ru. We will make every effort to correct them as soon as possible. |