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

Turkey-based Eurasian development bank ETDB signs memo to boost return to Iran

The Central Bank of Iran (CBI) and the Turkey-based ECO Trade and Development Bank (ETDB) have signed a memorandum on strengthening bilateral ties, the CBI said on October 10. ETDB is a Eurasian ... more

Putin’s first Turkmenistan visit in five years ends with mostly symbolic agreement

The presidents of Russia and Turkmenistan signed a "strategic partnership" agreement to reaffirm cooperation between their two countries as part of Vladimir Putin’s one-day ... more

India proposes gas pipeline at odds with Turkmen TAPI

India has proposed constructing a $4bn and 1,300 km-long undersea pipeline to supply natural gas from Iran, with the possibility of Turkmenistan participating in the ... more

Dismiss