Over the past three months, the gross domestic product (GDP) of our country has increased by 6.3 percent

07.04.2025

On March 5, President Serdar Berdimuhamedov held a regular Cabinet of Ministers meeting via the digital system, where the results of the work carried out in the country over the past three months of the current year were summarized. The floor was first given to Deputy Chairman of the Cabinet of Ministers H. Geldimyradov, who reported on the macroeconomic indicators for the first quarter of this year. According to the report, during the reviewed period, GDP grew by 6.3 percent, including a 0.3 percent growth in industry, 3.8 percent in construction, 11.1 percent in the transport and communication sector, 9.9 percent in trade, 4 percent in agriculture, and 8.8 percent in the service sector. Compared to the same period in 2024, the total volume of goods produced increased by 9.6 percent, and production indicators across sectors remained positive. In the first three months of 2025, retail trade turnover rose by 12.3 percent compared to the same period of the previous year, while foreign trade turnover increased by 2.9 percent. The revenue part of the State Budget for January–March was executed at 102 percent, while expenditures were fulfilled at 97.7 percent. Wages at large and medium-sized enterprises increased by 11.2 percent compared to the corresponding period of 2024. Salaries, pensions, state benefits, and student stipends were financed on time. Compared to the same period last year, capital investments made from all sources of funding increased by 17 percent over the three-month period. A report was also presented on the work carried out under the “Program of the President of Turkmenistan for the Socio-Economic Development of the Country in 2022–2028.” After hearing the report, President Serdar Berdimuhamedov emphasized that, based on the achievements of the past three months, appropriate measures should be taken to maintain sustainable GDP growth and to further develop production sectors. At the same time, the importance of consistently improving the performance of the financial, economic, and banking systems was highlighted. In this regard, the Vice Premier was given relevant instructions. Source: State News Agency of Turkmenistan