Topic: Economy & business
Ashgabat, 8 July 2005 (nCa) --- Turkmenistan has released economic statistics for the first half of 2005.
Here is the brief picture:
GDP reportedly gained by 20.4% over the same period of last year. Total size of GDP for Jan-Jun is 54.916 trillion Manats.
Industrial sector gained 18.5%, agriculture 19.8%, construction 17.1%, transport and communications 17%, trading 27.9% and service sector registered overall gain of 23% compared to the first half of 2004.
Industry, petroleum, oil refining, gas and food processing maintained steady growth during the period under review.
During the past six months, 33.079 billion cubic meters of gas was extracted in the country. Out of this volume, 23.887 billion cubic meters was exported.
Petroleum production amounted to 4.807 million tons. Oil refineries of Turkmenistan processed 3.454 million tons of crude.
Lube oil production increased by 9% (+22600 tons), liquefied gas 14% (+188500 tons), polypropylene 1% (+41100 tons).
The production of auto petrol and diesel oil remained at the level of the last year, 815500 tons and 958500 tons respectively.
Power generation during the Jan-Jun 05 period was 6027.6 million kWh. This represents 9% gain over the same period of last year.
Construction material also showed considerable gain. Cement production was the strongest with 220% gain over the same period of last year. Sheet glass manufacturing increased by 12% and other construction material gained by 10%.
Textile industry, under the broad management of the ministry of textile industry, continued to show strong growth.
Silk yarn production was up by 47%, washed wool 11%, cotton yarn 17%, silk fabric 0.5%, cotton fabrics 3%, non-woven material 25%, cotton wool 26%.
In the food processing industry, canned meat production was up by 22%, fruit and vegetables products 3%, pasta 18%. Non-alcoholic drinks shot up by 16% because of the summer season.
In the agriculture sector, live meat production was improved by 10%, milk 11%, eggs 15%, vegetables 9%, melons and gourds 17%.
Large horned cattle population was up by 2%, reaching 2.014 million. Fine horned livestock gained by 8%, reaching 16.96 million. Birds and fowl gained by 7%, with total population 15.93 million.
During this harvesting season, Turkmenistan hopes to gather 3.1 million tons of wheat.