Home
\
Economy
\
In 2016, the GDP of Turkmenistan's economy increased by 6.2 percent
Economy
In 2016, the GDP of Turkmenistan's economy increased by 6.2 percent
Published 13.01.2017
2372

In the past 2016, the GDP of Turkmenistan has grown by 6.2 percent. In the industrial sector, this figure increased by 1.2 percent, in construction – by 4.4 percent, in transport and communications sector – by 10.5 percent, in trade - by 14.3 percent, in agriculture – by 11.6 percent and in services – by 10 percent. During the reporting period, the volume of retail trade increased by 16.9 percent compared to last year. The prices for consumer goods and tariffs for the provision of services to the population have remained within the set limits. Wages in large and medium-sized enterprises in the country increased by 9.2 percent compared to 2015. Revenue part of the State budget amounted to 102 percent in 2016, while expenditures – to 86.5 percent, and more than 80 percent of the budget has been used to finance the social sphere.

Last news
21.03
President Serdar Berdimuhamedov Took Part in a Nationwide Tree-Planting Campaign
20.03
Telephone conversation between the National Leader of the Turkmen people and the President of the Republic of Uzbekistan
20.03
The State Concern “Türkmengaz” Authorized to Conclude a Contract with “CNPC Amudarya Petroleum Company Ltd.” of the People’s Republic of China
19.03
Friendly visit of the National Leader of the Turkmen People, Chairman of the Halk Maslahaty of Turkmenistan Hero-Arkadag to the People’s Republic of China concluded
19.03
President Serdar Berdimuhamedov: «With our unity we will reach all boundaries!»
18.03
Negotiations between the Chairman of the Halk Maslahaty of Turkmenistan and the Chairman of the People's Republic of China
18.03
The Chairman of the Halk Maslahaty of Turkmenistan met with the head of the CNPC corporation
18.03
Investments in the future: a new vector of strategic development
17.03
The capital city hosts the exhibition of achievements of the private sector of national economy
17.03
Friendly visit of the National Leader of the Turkmen People, Chairman of the Halk Maslahaty of Turkmenistan to the People’s Republic of China
top-arrow