The Central Bank of Turkmenistan published a readout of an online Cabinet of Ministers meeting chaired by President Serdar Berdimuhamedov reviewing results for the first eight months of 2025, including headline macroeconomic and fiscal indicators and instructions to maintain macroeconomic stability and further refine the budget and tax systems. Preliminary figures presented to the Cabinet showed GDP growth of 6.3 percent, with reported growth rates of 1.5 percent in industry, 7 percent in construction, 11 percent in the transport and communications sector, 9.8 percent in trade, 4.9 percent in agriculture and 8.4 percent in services. Compared with the same period of 2024, total production volume was reported up 9.9 percent, retail turnover up 13.1 percent and foreign trade turnover up 5.5 percent. State budget revenues for January to August were reported fulfilled at 100 percent and expenditures at 97.4 percent, while average wages at large and medium-sized enterprises were reported up 11.9 percent and capital investment up 10.8 percent. The readout also notes that the Mejlis adopted 15 legal acts during January to August, alongside amendments to a range of legislation including tax and customs-related acts, and that the President set September 3 as the start date for grain sowing campaigns across all regions.
Central Bank of Turkmenistan 2025-09-01
Central Bank of Turkmenistan publishes cabinet meeting readout reporting 6.3 percent GDP growth and full state budget revenue execution for January to August 2025
The Central Bank of Turkmenistan released a summary of an online Cabinet of Ministers meeting led by President Serdar Berdimuhamedov, highlighting an 8-month GDP growth of 6.3% in 2025 and various sectoral growth rates. The report noted a 9.9% increase in total production volume, a 13.1% rise in retail turnover, and a 5.5% increase in foreign trade turnover compared to the same period in 2024. Additionally, the Mejlis adopted 15 legal acts, including amendments to tax and customs laws.