JanuaryOctober: Retail Turnover in Turkmenistan Rises 13%

JanuaryOctober: Retail Turnover in Turkmenistan Rises 13%

President Serdar Berdimuhamedov held a Cabinet of Ministers meeting via the digital system on Friday to review the country’s performance over the first ten months of the year.

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Deputy Prime Minister H. Geldimyradov reported preliminary macroeconomic indicators for JanuaryOctober 2025.

GDP grew 6.3% over the period, including 1.7% in industry, 8.1% in construction, 10.4% in transport and communications, 9.7% in trade, 5.2% in agriculture, and 8.3% in services.

Compared with the same period in 2024, total production increased 10.1%, with positive results across sectors. Retail turnover rose 13% year-on-year, while foreign trade turnover grew 9.2%.

Preliminary results indicate that the state budget’s revenue is expected to reach 100% of the planned target, with expenditures at 96.3%.

Average wages at large and medium-sized enterprises rose 11.9% compared with the same period last year. Salaries, pensions, state benefits, and student stipends were funded on schedule.

Investments financed from all sources increased 3.7% year-on-year. Reports also highlighted progress under the National Rural Development Program.

President Berdimuhamedov emphasized that the financial, economic, and banking sectors are closely linked to the country’s overall development and instructed further improvements in their operations.

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