BAKU, Azerbaijan, September 12. Turkmenistan is set to keep its nose to the grindstone and enjoy a steady economic upswing over the next couple of years.
Data obtained by Trend from the CAREC Institute’s Quarterly Economic Monitor estimates that the country’s GDP will expand by about 4.4 percent in 2025, followed by 4.1 percent in 2026.
International institutions offer differing forecasts, with the Asian Development Bank expecting growth to remain strong at 6 percent in 2026, while the International Monetary Fund projects a more moderate 2.3 percent. Despite the variation, the consensus is that Turkmenistan’s economy will continue to expand at a stable pace, supported by energy exports and domestic investment programs.
In comparison, other economies in the region show a mixed picture. Uzbekistan is expected to maintain one of the most robust outlooks, with growth projected at around 6 percent in both 2025 and 2026. Georgia’s economy is also forecast to expand by five percent in 2026, while Kazakhstan and Azerbaijan are set to grow more moderately, at just over 4 percent and below three percent, respectively. China, the region’s largest economy, is projected to slow to about 4 percent growth next year.
The Central Asia Regional Economic Cooperation (CAREC) Program
constitutes a collaborative framework involving 11 sovereign
entities and various development stakeholders, synergistically
engaging to enhance developmental trajectories through strategic
cooperation, thereby catalyzing economic expansion and alleviating
poverty metrics. It operates under the strategic framework of an
overarching vision encapsulated in the principles of “Good
Neighbors, Good Partners, and Good Prospects.”
