In Turkmenistan, the GDP growth rate was 6.3% in Q1 2025

17:19 08.04.2025 1451

https://www.oilgas.gov.tm/storage/posts/13707/original-167f4cc15e80ba.jpg

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.

Other articles
166dae4b5a29cb.jpg
US Ambassador to Turkmenistan believes that Caspian gas pipeline will support EU energy security

The creation of a gas pipeline along the bottom of the Caspian Sea from Turkmenistan to Turkey will be beneficial for these countries and will help ensure the energy security of the European Union. This was stated to journalists by US Ambassador to Turkmenistan Elizabeth Rood, TASS reports.


1617653ac38c8d.jpeg
Turkmenistan will take part in the EXPO-2025 World Exhibition in Japan

Turkmenistan plans to take part in the World Exhibition «EXPO-2025», which will be held on the artificially created island of Yumeshima in the city of Osaka, Japan under the motto «Designing Future Society for Our Lives». Practical steps to prepare for the participation of our country in «EXPO-2025» were reported at a government meeting last Friday.


161764beef41c3.jpeg
Gurbanguly Berdimuhamedov approved the Program of the International Conference "Oil and Gas of Turkmenistan - 2021"

The preparation for the XXVI International Conference "Oil and Gas of Turkmenistan - 2021", scheduled to be held in Ashgabat on October 27-28, was reported by Vice-Chairman of the Cabinet of Ministers Shakhim Abdrakhmanov at a government meeting, which the President of Turkmenistan held last Friday online.


166dbe7375d792.jpg
Turkmenistan drillers increase hydrocarbon production

Independent neutral Turkmenistan, rich in hydrocarbon reserves, continues to strengthen its position in the global energy arena. Drillers of the State Concern "Turkmennebit" make a significant contribution to this.


161765b50a3769.jpeg
Products of TCOR are in the top of the exchange trades of the auction

43 transactions were registered at the State Commodity and Raw Materials Exchange of Turkmenistan last week.