In Turkmenistan, the GDP growth rate was 6.3% in Q1 2025
12:19 08.04.2025 5930
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.
President of Turkmenistan Discusses Prospects of Cooperation with the European Union
Turkmenistan attaches great importance to cooperation with the European Union, and the partnership between the two is developing at a high level. This was stated by President Serdar Berdimuhamedov at a meeting with the European Union Commissioner for International Partnerships, Jutta Urpilainen, according to TDH.
At the Glasgow summit, world leaders agree to cut methane emissions by 30% by 2030
At the COP26 environmental summit on Tuesday, European Commission President Ursula von der Leyen and US President Joe Biden presented a joint initiative to reduce methane emissions, Interfax reported.
Turkmenistan plans to significantly reduce greenhouse gas emissions in the long term
In the medium term, Turkmenistan plans to achieve zero growth in greenhouse gas emissions, and in the long term – to annually reduce their level. This was stated by Vice-Chairman of the Cabinet of Ministers of Turkmenistan Serdar Berdimuhamedov, speaking at the 26th session of the conference of the parties to the UN Framework Convention on Climate Change (COP26) in Glasgow, the website of the foreign ministry of our country reports.
Turkmenistan delegation to take part in International Economic Forum in Russia
Turkmenistan delegation will take part in the International Economic Forum, which will be held in Russia from June 17 to 21, 2025. The Turkmen delegation will be headed by Vice-Chairman of the Cabinet of Ministers Nokerguly Atagulyev.
President of Egypt invited President of Turkmenistan to visit Cairo
The President of Egypt Abdel Fattah Al-Sisi invited the President of Turkmenistan Gurbanguly Berdimuhamedov to visit Cairo to discuss ways to develop cooperation between the two countries.