January-March: Retail Turnover in Turkmenistan Increases by 12.3%
Retail turnover in Turkmenistan rose by 12.3% from January to March 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 Saturday.
Geldimyradov reported that the country’s GDP grew by 6.3%, with the construction sector leading the way at 3.8%. Other key sectors also showed positive trends: the services sector increased by 8.8%, transport and communications by 11.1%, agriculture by 4%, and industry by 0.3%, according to official media.Overall production volume climbed by 11.8% compared to 2023.
The state budget exceeded the revenue plan by 102%, while expenditures remained below plan at 97.7%.
According to Geldimyradov’s report, wages in large and medium-sized enterprises increased by 11.2% compared to the same period last year.
During the quarter, the volume of capital investment from all sources of financing rose by 17%.
The government meeting reviewed the results of the work carried out in the country during the first three months of the current year.
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