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.
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