Turkmenistan's GDP growth in January-February 2025 was 6.3%

12:13 10.03.2025 3274

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Turkmenistan's GDP growth in January-February 2025 was 6.3%. President Serdar Berdimuhamedov said this at a government meeting on March 7, TDH reports.

The head of Turkmenistan noted that the results of the work carried out over the past two months demonstrate the dynamic growth of our independent state. As at the beginning of the year, GDP indicators in the economy remained at 6.3%.

The country continues to build large industrial facilities, social buildings, including residential buildings, schools, and kindergartens. Transformations in all sectors of the economy are carried out in accordance with the adopted programs, Serdar Berdimuhamedov said. In this regard, the head of state emphasized the importance of continuing to carry out proper work to implement the country's socio-economic development program in 2022-2028.

During the meeting, Vice-Chairman Hojamyrat Geldimyradov reported on macroeconomic indicators for the first two months of the current year. He reported that in January-February, the growth rate in industry was 1%, in construction - 2%, in the transport and communications sector - 11.1%, in trade - 9.9%, in agriculture - 3.3%, and in the services sector - 8.8%.

Compared with the same period in 2024, the overall volume of manufactured products increased by 9.4%. Retail turnover compared with the same period last year increased by 12.1%, and foreign trade turnover - by 8.1%.

The revenue side of the State Budget was executed at the level of 102.1%, and the expenditure side - 97.5%. The amount of wages in large and medium-sized enterprises of the country in comparison with the corresponding period of 2024 since the beginning of the year has increased by 10.9%.  Salaries, pensions, state benefits and student scholarships have been financed in a timely manner, Geldimyradov said.

Compared to the same period last year, in January-February the volume of capital investments, mastered from all sources of financing, increased by 27.3%, the Vice-Chairman noted.

President Serdar Berdimuhamedov, having heard the report, emphasized that effective work should be carried out to maintain high rates of GDP growth, and the full implementation of production plans by ministries and industry departments.

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