Arzuw NEWS - Turkmenistan news

Expert talks about the achievements of Turkmenistan's economy in 2020

Turkmenistan economic observer Valentin Trapeznikov shared with his conclusions about our country's achievements in 2020. He noted that despite the difficult situation in the world due to the pandemic, the year was successful for almost all sectors of the national economy.

Industrial sector The company is still in the lead, and at the end of 2020 it will be share in the country's GDP was 27.8%. The total for last year was Industrial products worth more than 59 billion manats were produced, with more than 40% - by the enterprises of the fuel and energy complex.

The largest increase was seen in output: polyethylene (more than 2.1 times), mineral fertilizers (36.8%), plastic and fiberglass pipes (27.5%), polypropylene (25.4%), liquefied petroleum gases (22.4%), electricity (19.4%), cotton fiber (18.2%), gasoline (10.0%).

In 2020. The non-state sector of the economy has shown good dynamicsIn particular, the rapid growth was noted in the production of plastic products (52.2%), plastic and fiberglass pipes (33.9%). Entrepreneurs occupy leading positions in the light and food industry, and the production of building materials. Representatives of private businesses are also mastering new promising areas by participating in import substitution programs.


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