During the speech at the forum of the Council of Elders, President Gurbanguly Berdimuhamedov summed up the results of the economic development and determined the relevant objectives for the near future. Our goal is to diversify the economy, expand its export capabilities, launch programs to produce import-substituting products and increase exports, as well as to create an electronic industry. Good results have already been achieved in their implementation. The volume of imported goods decreased, and export supplies increased. Speaking about the program adopted in 2007 for the development of the social and living conditions of the population in settlements, cities, etraps and etrap centers for the period until 2020, the President noted that thousands of social facilities and large amount of engineering infrastructure were built and put into operation within its framework, And within the framework of the program on social and economic development of the country for 2012-2016, dozens of major projects of international significance have been implemented. The country is reforming all sectors of the national economy, continuing the formation of a powerful industrial, social and engineering infrastructure. As examples, President Gurbanguly Berdimuhamedov called the construction of transnational gas pipelines, including the Turkmenistan-Afghanistan-Pakistan-India gas main, railways, highways, bridges, dozens of buildings in the Avaza National Tourist Zone and other large facilities. Taking into account the average GDP per capita, now Turkmenistan has crossed the threshold for countries with high incomes by socio-economic indicators. The UN Department of Economic and Social Affairs, the International Monetary Fund, the World Bank and other authoritative international organizations confirm the successful implementation of monetary, fiscal, price and investment policies in Turkmenistan. According to the forecasts of authoritative international financial institutions, a high GDP growth, namely at 6.4 percent is also expected in our country in 2017 and 2018. This serves as a clear confirmation of the fact that since 2007 Turkmenistan has implemented most of the Sustainable Development Goals proclaimed at the 70th session of the United Nations General Assembly held in September 2015. The economic reforms implemented in the country and the successes achieved have been possible due to the improvement of the levers of macroeconomic regulation and the broad support of the people, highlighted the Head of State. Today, we can fully confirm that our country has had a high growth of the modern economic sphere aimed at raising the social level, President Gurbanguly Berdimuhamedov said, noting that this is based on various forms of property and provides for a phased transition to market relations.