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In 2024-2025, Turkmenistan's GDP growth rate is projected at over 8%

In 2024-2025, Turkmenistan's GDP growth rate is projected at over 8%

According to the message of the Head of the Ministry of Finance of Turkmenistan Muhammetgeldy Serdarov, in 2024-2025 the GDP growth rate of the state is forecasted at the level of over 8%. The minister voiced this information during a speech at an international forum on attracting foreign investment in the oil and gas industry of Turkmenistan.

M.Serdarov stressed that Turkmenistan directs the most significant investments to the development of key oil producing and refining industries. According to the Minister, in some years the level of investments amounted to 45-48% of GDP, thanks to which the basis for stable development of the national economy was created. According to the results of 2020 and the first quarter of 2021 the growth rate of national GDP reached 5.9%. The head of the Ministry of Finance stated that the Turkmen economy remained stable even during the global world crisis. About the prerequisites for such stability we wrote earlier.

M. Serdarov informed that 22-25% of GDP is reinvested in the development of national economy, annually more than $10 billion is invested in large-scale projects such as TAPI, TAP Line.

According to the minister's report, economic development measures in 2024-2025 give us a guaranteed expectation of Turkmenistan's GDP growth rate of over 8%.

Source: turkmenistan.gov.tm

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