Turkmenistan's GDP, overfulfillment in energy sector and double-digit growth in retail trade
At a meeting of the Cabinet of Ministers of Turkmenistan on June 4, the economic results for January-May of this year were summed up. According to Deputy Prime Ministers Hojamyrat Geldimyradov and Batyr Amanov, key macroeconomic and industry indicators demonstrate stable positive dynamics - from GDP growth and domestic trade to overfulfillment of plans in the oil and gas complex.
Turkmenistan's economy continues to gain momentum. As Deputy Chairman of the Cabinet of Ministers Hojamyrat Geldimyradov reported at a government meeting, the country's GDP grew by 6.3% in January-May 2025. The most noticeable growth was recorded in the transport and communications sector (+10.8%), trade (+9.9%) and the service sector (+8.6%).
The construction industry showed growth of 4.7%, agriculture - by 4%, industry - by 0.8%.
The total volume of manufactured products increased by 9.7% as compared to the same period of the last year. Retail trade grew by 12.5%, and foreign trade turnover by 5.4%.
The energy sector demonstrates overfulfillment of production plans, Deputy Prime Minister Batyr Amanov reported. Thus, the State Concern "Turkmennebit" ensured the fulfillment of the plan for oil production at the level of 109%, refining - 108%.
Fuel production is also confidently maintaining the pace: gasoline - 102.8%, diesel fuel - 101.2%, lubricating oils - 121.1%. Liquefied gas production increased by 102.2%, and natural and associated gas production amounted to 102.5% of the plan.
Such dynamics are the result of comprehensive steps to stimulate the economy and support basic industries. Thanks to the coordinated work of all parts of the economy, it is possible not only to ensure stable development, but also to create a foundation for the implementation of national programs and social initiatives.
ORIENT
