In Turkmenistan, the GDP growth rate was 6.3% in Q1 2025
12:19 08.04.2025 6785
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.
Turkmen gas is also needed to fill the SGC gas pipeline, - expert
- It is very difficult to fill the Southern Gas Corridor (SGC) with Azerbaijani gas alone; gas from Turkmenistan is also needed. - This was stated by Julian Bowden, a senior researcher at the Oxford Institute for Energy Studies (OIES), Trend reports.
Turkish and Afghan businessmen purchased liquefied gas and jet fuel at exchange trades
11 transactions were registered at the State Commodity and Raw Materials Exchange of Turkmenistan last week.
The President of Kazakhstan confirmed his participation in the international peace forum in Ashgabat
The President of Kazakhstan Kassym-Jomart Tokayev confirmed his participation in the International Peace and Trust Forum, which is scheduled to be held on December 12 in Ashgabat. The head of Kazakhstan wrote about this in a letter addressed to the Chairman of the Halk Maslahaty Gurbanguly Berdimuhamedov.
OPEC+ countries decided to increase oil production quotas in September by 100,000 b/d
OPEC+ ministers decided to increase oil production quotas in September by 100,000 barrels per day, Interfax reported on Wednesday, citing a source in one of the delegations.
Turkmenistan and the Cooperation Council for the Arab States of the Persian Gulf signed a memorandum of cooperation
Prospects for further development of relations between Turkmenistan and the Cooperation Council for the Arab States of the Persian Gulf were discussed at the meeting of Vice-Chairman, Minister of Foreign Affairs of Turkmenistan Rashid Meredov with the Secretary General of this organization Naif Falah Mubarak Al-Hajraf, the website of the Foreign Ministry of Turkmenistan reports.