Turkmenistan's GDP grows 9.2% y/y in Jan-May.

By bne IntelliNews June 14, 2013

Turkmenistan's GDP increased by 9.2% y/y in Jan-May, Turkmen President Kurbanguly Berdymukhamedov has informed. In the same period of the previous year, the economy expanded by 10.9% y/y.

The IMF expects Turkmenistan's GDP to increase by 8% y/y this year due to growing hydrocarbon exports. The country plans to produce 76.9bcm of gas and to export 43.9bcm in 2013.

We note that Turkmenistan's statistical data are considered to be of poor quality. The main source of reliable data are therefore the statements made by the Turkmen authoritarian leader.

Related Articles

Evolution Equity Partners closes $125mn cybersecurity-focused fund

Evolution Equity Partners announced on 17 July the final closing of a new fund with total capital commitments of $125mn to make investments in cybersecurity and next generation enterprise software ... more

EBRD says 2016 net profit was around €1bn

The European Bank for Reconstruction and Development (EBRD) said it made a net profit of around €1bn in 2016, up by a quarter from the €802mn it made in ... more

Incumbent Berdimuhamedov wins expected Turkmenistan presidential landslide

Incumbent Gurbanguly Berdimuhamedov has won the Turkmenistan presidential election held on February 12 with 97.69% of the vote, RIA Novosti reported on February ... more

Dismiss