The year 2020 has brought many challenges to the economies of all countries of the world. Despite the problems that arose, the economic situation in our country remains stable. In 11 months. Turkmenistan's GDP growth rate increased by 5.8%, retail turnover increased by 18% compared to the same period in 2019.
As noted Head of the Union of Economists of Turkmenistan Y. AronskyThe positive dynamics against the background of the economic downturn in other countries, above all, testifies to the effective work of the Turkmen authorities, who took the right measures in time.
According to V. Trapeznikov, an economic observer on TurkmenistanThe country's industry is developing, thanks to the modernization of production processes, and the potential of the chemical and polymer industry is growing.
Turkmenistan actively develops trade with foreign countries, increasing exports of electricity, fertilizers, textiles, petrochemicals and gasoline from natural gas. Thus, In 2020, exports of gas and petrochemical products brought Turkmenistan $4.13 billionIn the first 11 months of last year, investments in the oil and gas industry amounted to about $2 billion.
As the expert Trapeznikov noted, according to his calculations, the share of private enterprises in Turkmenistan increased from 65.7% to 71.2% in 2020.