2024: Turkmenistan’s GDP Exceeds $68.7 Billion

Turkmenistan’s gross domestic product grew by 6.3% in 2024, surpassing $68.7 billion, reflecting stable economic growth and the country’s strengthening position on the international stage, Minister of Finance and Economy Mammetguly Astanagulov said on Thursday at the Turkmenistan Investment Forum (TIF 2025) in Avaza. The news was reported by nCa.

The minister highlighted the successful implementation of Turkmenistan’s industrial and innovation-driven economic model, focused on diversification, digitalization, the development of public-private partnerships, and a transition to a circular economy.

Total investment in 2024 reached $12.1 billion, including $1.4 billion in foreign direct investment. Priority sectors included the oil and gas industry, petrochemicals, energy, and construction.

Turkmenistan’s foreign trade turnover totaled $19.8 billion, with exports accounting for $12.1 billion and imports for $7.7 billion—demonstrating the country’s growing engagement in international trade.

Astanagulov noted that further economic development will rely on expanding digital infrastructure, strengthening public-private partnerships, and implementing a circular economic model, which will create a foundation for long-term sustainable growth.

The Turkmenistan Investment Forum 2025 (TIF 2025) will continue through September 19.

Source of information: Business Turkmenistan