Turkmenistan's Economy: Positive Trends in Key Indicators for 11 Months
At a meeting of the Cabinet of Ministers of Turkmenistan on Friday, December 5, Deputy Prime Minister Hojamyrat Geldimyradov presented a report on economic results for the eleven months of this year. The report documented sustained positive trends in all key sectors of the national economy.
During this period, gross domestic product (GDP) growth remained at 6.3%. Moreover, the total value of manufactured goods increased by 10.1% from January to November compared to the same period of the last year, confirming positive production indicators across industries. Capital investment from all sources of financing also increased by 2.8%.
The highest growth rates were observed in the transport and communications sector, where the figure reached 10%, and in trade, at 9.7%. The construction sector grew by 8.1%, while services grew by 7.4%. Agriculture demonstrated robust growth, up 7%, while the industrial sector increased by 1.7%.
The country's foreign trade turnover increased by 9.1%, while retail turnover increased by 13% compared to the previous year, indicating robust domestic demand.
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