Retail turnover in Turkmenistan rose by 12.5% from January to October this year compared to the same period last year, Deputy Prime Minister for Economic and Financial Affairs Hojamyrat Geldimyradov announced during a government online meeting on Friday.
Geldimyradov reported that the country’s GDP grew by 6.3%, with the construction sector leading the way at 10.9%.Other key sectors also showed positive trends: the services sector increased by 8.6%, transport and communications by 6.7%, agriculture by 5.3%, and industry by 2.5%, according to official media.Overall production volume climbed by 11.8% compared to 2023.
The state budget exceeded the revenue plan by 102.8%, while expenditures remained below plan at 97.7%.
During the reporting period, wages in large and medium-sized enterprises increased by 10.5%, and the report confirmed that officials fully disbursed funding for wages, pensions, state benefits, and student scholarships from January to October.
Geldimyradov also noted a significant rise in capital investments, which increased by 25.2% compared to the same period last year.
President of Turkmenistan Serdar Berdimuhamedov, commenting on the presented data, highlighted the need for continued effective development across all sectors of the economy and tasked officials with ensuring the rational use of capital investments to improve the living standards of the population.
The government meeting also reviewed the results of activities conducted over the past ten months and discussed priority tasks for the country’s socio-economic development