Tajikistan's Macroeconomic Analysis:
Nominal GDP of USD 12.1 billion in 2023.
Nominal GDP of USD 10.5 billion in 2022.
GDP per capita of USD 1,068 compared to the global average of USD 10,589.
GDP per capita of USD 1,205 compared to the global average of USD 10,589.
Average real GDP growth of 7.2% over the last decade.
Average real GDP growth of 7.2% over the last decade.
Sector Analysis
In 2020, services accounted for 42% of overall GDP, manufacturing 16%, other industrial activity 18%, and agriculture 24%. Looking at GDP by expenditure, private consumption accounted for 78% of GDP in 2020, government consumption 12%, fixed investment 33%, and net exports -23%.International trade
In 2020, manufactured products made up 21% of total merchandise exports, mineral fuels 8%, food 4%, ores and metals 48% and agricultural raw materials 20%, with other categories accounting for -1% of the total. In the same period, manufactured products made up 51% of total merchandise imports, mineral fuels 17%, food 26%, ores and metals 4% and agricultural raw materials 3%, with other goods accounting for -1% of the total. Total exports were worth USD 2 billion in 2022, while total imports were USD 5 billion.Main Economic Indicators
Economic growthThe economy recorded average annual growth of 7.2% in the decade to 2022. To read more about GDP growth in Tajikistan, go to our dedicated page.
Fiscal policy
Tajikistan's fiscal deficit averaged 2.4% of GDP in the decade to 2022. Find out more on our dedicated page.
Unemployment
The unemployment rate averaged 7.7% in the decade to 2022. For more information on Tajikistan's unemployment click here.
Inflation
Inflation averaged 6.5% in the decade to 2022. Go to our Tajikistan inflation page for extra insight.
Monetary Policy
Tajikistan's monetary policy rate ended 2022 at 13.00%, up from 6.50% a decade earlier. See our Tajikistan monetary policy page for additional details.
Exchange Rate
From end-2012 to end-2022 the somoni weakened by 52.9% vs the U.S. dollar. For more info on the somoni, click here.
Economic situation in Tajikistan
Tajikistan is likely to be among Asia’s fastest-growing economies this year. According to the Central Bank, the economy grew over 8% year on year in January–August, likely driven by factors including booming gold export revenue, investment in large public infrastructure projects, higher wages and pensions, looser monetary policy, mild inflation and healthy remittances inflows from Russia. Looking at industry-specific data, so far this year, the country has registered double-digit expansions in such sectors as transport, retail and wholesale trade, tourism and hospitality. However, agricultural activity has seen a comparatively slow expansion. In addition, net exports could have been weighed on by the import of construction materials for the Rogun hydropower plant.Tajikistan Economic Forecasts
Projections out to 2034.36 indicators covered including both annual and quarterly frequencies.
Consensus Forecasts based on a panel of 8 expert analysts.
Want to get insight on the economic outlook for Tajikistan in the coming years? FocusEconomics collects projections out to 2034 on 36 economic indicators for Tajikistan from a panel of 8 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts, and averaged to provide one Consensus Forecast you can rely on for each indicator. This means you avoid the risk of relying on out of date, biased or outlier forecasts. Our Consensus Forecasts can be visualized in whichever way best suits your needs, including via interactive online dashboards , direct data delivery and executive-style reports which combine analysts' projections with timely written analysis from our in-house team of economists on the latest developments in the Tajikistan economy. To download a sample report on the Tajikistan's economy, click here. To get in touch with our team for more information, fill in the form at the bottom of this page.