Volumes of retail turnover for the January exceeds similar indicator of the last year for 0n 17 percent

At the same time, prices for consumer goods and tariffs for the services to the population were kept within set limits.

Growing volumes of trade turnover indicate improvement of life level of the population. By the results of 2016, among the branches rendering services to the population, the highest growth rate of gross added value of more than 14 percent was observed in trade.

In 2016, same as previously, the trade sector, while preserving stable growth rates, fulfilled the main objective � provided the requirements of the population in variety of goods and services, having positively effected the development of production. The share of the trade in the structure of gross domestic products made more than 10 percent in 2016 (more than 8 percent in 2015).

Generally, the consumer market of the country drew more than 1.2 billion manats for the last year what is almost seven times more of the year plan. It includes indices of the Ministry of Trade and foreign Economic Relations, which exceeded two times.

According to the State Committee for Statistics, increase of retail turnover in government sector made 10.6 percent and 17.5 percent in private sector.

Total trade turnover by the Ministry of Trade and Foreign Economic Relations in 2016 increased for 10 percent comparing with 2015.

Source: Turkmenistan: the Golden Age Online Newspaper