Despite low global energy prices and stagnation in Turkmenistan’s trading partners, the government reported growth as broadly stable in the first half of 2017 at 6.5%, up from 6.1% in the same period last year. On the supply side, expansion came mainly from outside the hydrocarbon sector, with services rising by 9.0% on gains of 10.9% in transport, 9.4% in trade, 4.1% in construction services, and 10.3% in other services. Agriculture expanded by 3.8%, and industry by 3.2%. On the demand side, public and foreign direct investment supported growth. Gross investment is expected to remain sizable, equal to 42% of GDP, but less than last year, estimated at 47%. This Update maintains the ADO 2017 growth projection for 2017 but reduces the projection for 2018 by half a percentage point. Read more from Asian Development Outlook 2017 Update
Note: GDP growth rate forecasts for 2017 and 2018.