Gurbanguly Berdimuhamedov: over the years of independence, the volume of GDP of Turkmenistan increased by 8.4 times

20:52 02.06.2021 8517

https://www.oilgas.gov.tm/storage/posts/2305/original-160b726e6dc022.jpeg

 Over the years of independence of Turkmenistan, the volume of GDP has grown by 8.4 times, about 209 billion US dollars have been invested in the country's economy. This was stated by President Gurbanguly Berdimuhamedov in an interview to the ITRC “Mir”, which the head of state gave on the occasion of the 30th anniversary of independence of neutral Turkmenistan celebrated this year.

 The President also noted that about $140 billion, or 66% of the total investment, was directed to the production sector. During this period, 2,891 large social and industrial facilities have been built and commissioned.

“At present, excluding the fuel and energy complex, the share of the non-state sector in the country's GDP has reached 70%”, the Turkmen leader said.

 Gurbanguly Berdimuhamedov also noted that despite the negative situation in the world, by the end of 2020, the country achieved GDP growth at the level of 5.9%.

“In terms of GDP growth rates, Turkmenistan is firmly among the most dynamically developing economies in the world. According to the World Bank, Turkmenistan is among the countries with a level of income above the average developed countries of the world,” the President said.

 “During the years of independence, programs have been implemented aimed at modernizing the economy, integrating Turkmenistan into the world economic space. Today we are following the path of creating an industrial society in the country based on a new industrial infrastructure,” Gurbanguly Berdimuhamedov said in the interview.

 “At the same time, we are developing strategically important areas of the national economy, such as energy, transport, communications, agro-industrial complex, financial and banking sector,” the Turkmen leader said.

 “The strong social policy of the state has become a distinctive feature of our development model. More than 70% of the state budget funds are directed to social needs, to improve the level and quality of life of people.  In total, over 38 billion US dollars have been invested in the construction industry,” the head of the state noted. He recalled that the size of wages, pensions, allowances, and scholarships has been increased by 10% annually.

 The President of Turkmenistan also said that over the years of independence, “the strategic sector of the economy, the fuel and energy complex, has been significantly reformed. New gas pipelines have been built from Turkmenistan to China and Iran. The Turkmenistan-Afghanistan-Pakistan-India gas pipeline is constricting. In addition to energy raw materials, today Turkmenistan supplies environmentally friendly gasoline and diesel fuel, motor oils, liquefied gas and other fuels and lubricants, and electricity to international markets”.

 Gurbanguly Berdimuhamedov noted that “a powerful textile industry has been created in the country, the products of which successfully compete in world markets. Food security has been achieved.  Conditions for rapid scientific and technological development have been provided”.

 “With the launch of the first national artificial Earth satellite into outer space, there are ample opportunities for establishing a telecommunication system in accordance with world standards.  There is an active process of wide digitalization of all spheres of activity,” the Turkmen leader said.

Other articles
161c2dc7f5f71d.jpeg
Achievements of the Seydi oil refinery

With great achievements and successes, the Seydi oil refinery is confidently moving towards new heights of progress, as evidenced by the company's socio-economic indicators this year.


161c96b7e8e581.jpeg
«Nebitgazchykarysh»: 503 wells repaired in 11 months

The repairmen of the «Nebitgazchykarysh» enterprise of the State Concern «Turkmennebit» of the Balkan region have achieved great results since the beginning of 2021. The enterprise overhauled and commissioned 503 wells in January-November.


161c96bb4ca85b.jpeg
Government meeting considered the work of fuel and energy enterprises in the Balkan region

Vice-Chairman of the Cabinet of Ministers Shakhym Abdrakhmanov reported on the situation in the fuel and energy complex in the Balkan region at a government meeting chaired by President of Turkmenistan Gurbanguly Berdimuhamedov last Friday.


161c96b2237a43.jpeg
The amount of foreign exchange transactions on the exchange of Turkmenistan exceeded $90 million

68 transactions were registered at the auctions of the State Commodity and Raw Materials Exchange of Turkmenistan last week.


167c2cca3e5035.jpg
The President approved proposals for the rational use of oil refinery capacities

On February 28, President of Turkmenistan Serdar Berdimuhamedov held a regular meeting of the Cabinet of Ministers via a digital system, the agenda of which included a number of issues of state life, TDH reports.