President: Turkmenistan maintains stable GDP level at 6.3% in January-April

15:01 09.05.2025 3119

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Turkmenistan maintains stable GDP level, which amounted to 6.3% in January-April. This was stated by President Serdar Berdimuhamedov at a government meeting on May 8, where the results of the country's socio-economic development for the four months of 2025 were discussed, TDH reports.

Serdar Berdimuhamedov noted that the results of the work carried out in the country over the past four months demonstrate the successful implementation of the adopted programs. The GDP level remains stable, amounting to 6.3% in the reporting period.

The construction of large industrial facilities and social buildings, including new villages, residential buildings, schools, kindergartens and other facilities, continues", the head of state continued. The President also emphasized the importance of continuing to develop economic sectors and constantly monitor the implementation of planned work in accordance with the Program for the Socioeconomic Development of the Country in 2022–2028.

Vice-Chairman of the Cabinet of Ministers Hojamyrat Geldimyradov, who spoke at the meeting with a report on macroeconomic indicators for January–April of this year, said that the growth rate in industry was 0.6%, in construction – 4.4%, in the transport and communications sector – 11.1%, in trade – 9.9%, in agriculture – 4%, and in the service sector – 8.8%.

According to the Vice-Chairman, compared to the same period in 2024, the overall volume of manufactured products is 9.7% higher. Retail turnover compared to the same period last year increased by 12.4%, and foreign trade turnover – by 2.2%. The revenue side of the State Budget was executed at 101.5%, and the expenditure side at 97.6%, the Vice-Chairman added. The amount of wages at large and medium-sized enterprises in the country has increased by 11.5% since the beginning of the year compared to the same period in 2024. Wages, pensions, state benefits and student scholarships were financed on time.

Compared to the same period last year, in January-April, the volume of capital investments mastered from all sources of financing is 11.4% higher.

After hearing the report, the President emphasized the importance of taking the necessary measures aimed at further developing the country's economic sectors, increasing production and maintaining stable GDP growth rates.

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