In Turkmenistan, the GDP growth rate was 6.3% in Q1 2025
12:19 08.04.2025 7586
In Turkmenistan, the GDP growth rate was 6.3% in January-March 2025. This was reported during a government meeting held on April 5.
During the meeting, Vice-Chairman of the Cabinet of Ministers Hojamyrat Geldimyradov reported on macroeconomic indicators for the first quarter of this year. As the Vice-Chairman noted, in January-March, the country's GDP grew by 6.3%, including in industry the growth rate was 0.3%, in construction - 3.8%, in the transport and communications sector - 11.1%, in trade - 9.9%, in agriculture - 4%, in the service sector - 8.8%.
Compared to the same period in 2024, the overall volume of production increased by 9.6%, production indicators by industry are positive. Retail turnover is 12.3% higher than in the same period last year, and foreign trade turnover is 2.9%.
The revenue side of the State Budget for January-March was executed at 102%, and the expenditure side at 97.7%. The amount of wages in large and medium-sized enterprises of the country has increased by 11.2% since the beginning of the year compared to the same period of 2024. Wages, pensions, state benefits and student scholarships have been financed on time.
Compared to the same period last year, in the first three months of 2025, the volume of capital investments from all sources of financing increased by 17%, the Vice-Chairman said.
After hearing the report, President Serdar Berdimuhamedov noted that measures should be taken to maintain sustainable GDP growth, as well as to further develop manufacturing industries. The head of state also addressed the Vice-Chairman with relevant instructions to improve the activities of the country's financial, economic and banking complex.
The focus is on preserving national traditions and family values
An outreach meeting on the topic “We are proud to support our country in this regard” was recently held in the Central Building of the Oil and Gas Complex of Turkmenistan.
Preparations are underway for the 8th meeting of the Turkmen-Romanian Working Commission on Cooperation in the Energy Sector
On March 27, President of Turkmenistan Serdar Berdimuhamedov held a regular meeting of the Cabinet of Ministers via a digital system, the agenda of which included a number of issues of state life, TDH reports.
Transactions for the export of LNG and jet fuel were entered at exchange trading
On Monday, August 22, 12 transactions were concluded at the State Commodity and Raw Materials Exchange of Turkmenistan for a total of $5.4 million, the ORIENT news agency reported.
Turkmenistan declares March 31 a day off in connection with the holiday of Oraza Bayramy
The President of Turkmenistan Serdar Berdimuhamedov signed a Decree on the celebration of Oraza Bayramy on March 30, in connection with which the day off was moved to March 31. The corresponding document was published in the central media of our country.