Turkmenistan's GDP growth rate in January was 6.3%
13:56 17.02.2025 3202
Turkmenistan's GDP growth rate in January 2025 was 6.3%, which indicates the sustainable development of the national economy. This was announced by President Serdar Berdimuhamedov at a government meeting on February 14, TDH reports.
The volume of capital investments made in the country last month from all sources of financing amounted to more than 3 billion manats, the head of state said, adding that this provides an opportunity to significantly improve the social and living conditions of the people and create additional jobs in the velayats.
In this regard, the President emphasized the importance of continuing effective work on the implementation of the Program for the Socioeconomic Development of Turkmenistan and Investments in 2025.
During the government meeting, Vice-Chairman of the Cabinet of Ministers Hojamyrat Geldimyradov reported on macroeconomic indicators for January of this year.
In particular, the Vice-Chairman reported that as a result of the comprehensive measures taken, the growth rate in the industrial sector was 1%, in construction - 2%, in the transport and communications sector - 11.1%, in trade - 9.9%, in agriculture - 4.2%, in the services sector - 9%.
Compared with the same period in 2024, the volume of manufactured products increased by 9.2%, retail turnover increased by 11.1%, foreign trade turnover - by 1.1%.
The revenue side of the State Budget for January 2025 was executed at the level of 101.9%, the expenditure side - at the level of 97.4%.
The amount of wages in large and medium-sized enterprises of the country in comparison with the corresponding period of 2024 for January increased by 10.6%. "Wages, pensions, state benefits and student scholarships have been financed in a timely manner," the Vice-Chairman continued.
The volume of capital investments, mastered from all sources of financing, has increased by 27.3% since the beginning of this year compared to the same period in 2024," Geldimyradov said.
After hearing the report, President Serdar Berdimuhamedov emphasized that the necessary measures should be taken to effectively use investments aimed at economic growth and improving the social and living standards of the population, as well as to maintain a stable rate of GDP growth, and ensure the coordinated development of industries.
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