Turkmenistan achieves 10.3% economic growth in Jan-Oct

By bne IntelliNews November 14, 2014

Turkmenistan's economic growth stood at 10.3% y/y in the first 10 months of the year, Trend news agency reported on November 13 quoting figures from the Economy and Development Ministry. Industrial production grew by 13.5% y/y in the given period, and investment went up 8.3% y/y.

The IMF estimates the country's economic growth to reach 10% to 11% in 2014, it noted in a statement following a mission in Ashagabat from October 29 to November 4. The economy grew by 10.2% y/y in 2013, according to IMF fugures.

"With large buffers, government efforts to diversify gas export routes, and limited links with international financial markets, the impact of spillovers from economic slowdowns in the region is limited. Notwithstanding the favourable economic prospects, the Turkmen economy is vulnerable to developments in hydrocarbon markets," the IMF said.

There is little independent economic analysis on the Turkmen economy and there are doubts over the trustworthiness of the government's official figures, upon which the IMF and other multilateral institutions base their economic analyses.

Related Articles

World Bank raises growth forecasts for Kazakhstan and Azerbaijan

The World Bank’s latest “Global Economic Prospects” report issued on January 10 offers a mixed picture when it comes to the GDP growth prospects of countries across Central Asia and the ... more

Iran to seek arbitration over termination of gas flow from Turkmenistan

The National Iranian Gas Company (NIGC) intends to take its recent gas dispute with Turkmenistan to international arbitration, Mehr News Agency reported on January 4, citing ... more

IMF urges Turkmenistan for more efforts to reduce external deficits

Expectations for persistently lower oil and natural gas prices imply the need for Turkmen authorities to introduce additional policy adjustment, including further efforts to reduce the external ... more

Register here to continue reading this article and 2 more for free or purchase 12 months full website access including the bne Magazine for just $119/year.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

To continue viewing our content you need to complete the registration process.

Please look for an email that was sent to with the subject line "Confirmation bne IntelliNews access". This email will have instructions on how to complete registration process. Please check in your "Junk" folder in case this communication was misdirected in your email system.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

If you have any questions please contact us at sales@intellinews.com

Subscribe to bne IntelliNews website and magazine

Subscribe to bne IntelliNews website and monthly magazine, the leading source of business, economic and financial news and commentary in emerging markets.

Your subscription includes:
  • Full access to the bne content daily news and features on the website
  • Newsletters direct to your mailbox
  • Print and digital subscription to the monthly bne magazine
  • Digital subscription to the weekly bne newspaper

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

bne IntelliNews
$119 per year

All prices are in US dollars net of applicable taxes.

If you have any questions please contact us at sales@intellinews.com

Register for free to read bne IntelliNews Magazine. You'll receive a free digital subscription.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

IntelliNews Pro offers daily news updates delivered to your inbox and in-depth data reports.
Get the emerging markets newswire that financial professionals trust.

"No day starts for my team without IntelliNews Pro" — UBS

Thank-you for requesting an IntelliNews Pro trial. Our team will be in contact with you shortly.

Dismiss