President of Turkmenistan Serdar Berdimuhamedov reviewed the results of the country’s socio-economic development for the first ten months of this year at a Cabinet of Ministers meeting held in digital format on November 5. During the meeting, Deputy Chairman of the Cabinet of Ministers Hojamyrat Geldimyradov presented a report on Turkmenistan’s macroeconomic indicators.
During the reporting period, sustainable growth rates were maintained in the national economy. According to the results of January–October, the growth rate of gross domestic product reached 6.3 percent compared with the same period of the previous year. Positive dynamics were also recorded in the main sectors of the economy. In particular, production growth amounted to 3.8 percent in industry, 6.8 percent in construction, 10.4 percent in the transport and communications sector, 8.6 percent in trade, 1.2 percent in agriculture, and 8.5 percent in the services sector.
During the first ten months of the year, efficient use of the country’s production capacities contributed to a 10 percent increase in total output compared with the same period of the previous year. This indicator reflects growing production activity across various sectors of the economy.
The development of the domestic consumer market also continued during the reporting period. Retail trade turnover increased by 10.6 percent, while foreign trade turnover grew by 9.5 percent compared with January–October of the previous year. These results demonstrate the expansion of the country’s economic ties and increased market activity.
The implementation of planned indicators in the financial sector was also ensured. Following the results of January–October 2026, the revenue side of the State Budget plan was fulfilled by 102.2 percent, while the expenditure side reached 97.3 percent. During this period, timely financing was provided for salaries of employees of budget-funded institutions and state enterprises operating on a self-financing basis, as well as pensions, state allowances and scholarships.
Efforts aimed at increasing investment activity in the country also produced positive results. The volume of capital investments освоенных from all financing sources increased by 3.3 percent compared with the same period last year. Information was also provided on activities carried out in January–October within the framework of the “National Rural Development Programme”, including the construction of social and industrial facilities.
After hearing the report, President Serdar Berdimuhamedov emphasized the importance of taking further measures to ensure sustainable economic development, improve the efficiency of the financial and banking system, maintain high GDP growth rates and continue the balanced development of economic sectors.
The Head of State gave relevant instructions to the Deputy Chairman of the Cabinet of Ministers aimed at strengthening growth rates across all areas of the economy, ensuring the efficient use of financial resources and successfully implementing planned programmes.
