Turkmenistan sees economy expand 10.2% in 2013
ASHGABAD. Feb 7 (Interfax) - Turkmenistan saw GDP growth of 10.2% in 2013, Deputy Prime Minister Annamukhammet Gochyev said at a Cabinet meeting Thursday.
Capital investment grew 7.1% to 51.8 billion manat (46.4% of GDP). The target envisaged in the socioeconomic development program for 2012-2016 was exceeded by 28 percentage points. Foreign trade turnover went up 2.4%
Turkmen President Gurbanguly Berdimuhamedow said at an expanded Cabinet meeting on socioeconomic development in 2013 that foreign trade turnover topped $31 billion.
Berdimuhamedow announced that in 2012 "GDP volume grew to 111.1%, investment in different sectors of the economy, developed in accordance with the presidential program, climbed to 138%."
The International Monetary Fund predicted that real GDP would climb 10.1% in 2013 and 10.7% in 2014.
The official exchange rate on February 7 stood at 2.85 manat/$1.