Indicators of the Turkmen Economy

1 September 2023
4079

The rapid economic growth, which is eloquently evidenced by the dynamic pace of the country’s development due to the diversification and modernisation of the economy, the carefully thought-out investment policy and the strengthening of the trade and financial sector, pleases with its scale and results.

Today, comprehensive measures are being successfully implemented in Turkmenistan for the further progressive development of the country, which contributes to ensuring positive trends in all sectors of the economy and regions, and in terms of annual growth, the country takes one of the leading positions in the world. The development of the national economy is inextricably linked with the transformation of the state into an industrialised one. New industrial sectors were created in the country almost from scratch – oil and gas, engineering, metallurgy, electronics, construction and production of modern building materials, pharmaceuticals, textile production and shipbuilding. Great success has also been achieved in the agricultural sector. The implementation of measures to ensure food security made it possible to significantly increase the volume and range of food products manufactured within the country. The abundance and variety of products on the shelves have become a symbol of the fertility of our land and evidence of a steady increase in the wellbeing of the people and the effectiveness of the national economic model.

Batyr BERDIYEV,
the Head at the Department, Directorate of the Study of Commodity Circulation in Internal and External Markets, Ministry of Trade and Foreign Economic Relations of Turkmenistan
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