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. 1996 Index
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Tajikistan Economy 1996
Tajikistan had the next-to-lowest per capita GDP in the former USSR, the
highest rate of population growth, and an extremely low standard of living.
Agriculture dominates the economy, cotton being the most important crop.
Mineral resources, varied but limited in amount, include silver, gold,
uranium, and tungsten. Industry is limited to a large aluminum plant,
hydropower facilities, and small obsolete factories mostly in light industry
and food processing. The Tajik economy has been gravely weakened by three
years of civil war and by the loss of subsidies and markets for its
products, which has left Tajikistan dependent on Russia and Uzbekistan and
on international humanitarian assistance for much of its basic subsistence
needs. Moreover, constant political turmoil and the continued dominance by
former Communist officials have impeded the introduction of meaningful
economic reforms. In the meantime, Tajikistan's efforts to adopt the Russian
ruble as its domestic currency despite Russia's unwillingness to supply
sufficient rubles left the country in a severe monetary crisis throughout
1994, keeping inflation low but leaving workers and pensioners unpaid for
months at a time. The government has announced plans to introduce its own
currency in 1995 to help resolve the problem.
GDP - purchasing power parity - $8.5 billion (1994 estimate as extrapolated
from World Bank estimate for 1992)
-
National product real growth rate:
-
National product per capita:
-
Inflation rate (consumer prices):
1.5% includes only officially registered unemployed; also large numbers of
underemployed workers and unregistered unemployed people (September 1994)
$NA, including capital expenditures of $NA
$320 million to outside the FSU countries (1994)
cotton, aluminum, fruits, vegetable oil, textiles
Russia, Kazakhstan, Ukraine, Uzbekistan, Turkmenistan
$318 million from outside the FSU countries (1994)
fuel, chemicals, machinery and transport equipment, textiles, foodstuffs
Russia, Uzbekistan, Kazakhstan
aluminum, zinc, lead, chemicals and fertilizers, cement, vegetable oil,
metal-cutting machine tools, refrigerators and freezers
cotton, grain, fruits, grapes, vegetables; cattle, sheep and goats
illicit cultivation of cannabis and opium poppy; mostly for CIS consumption;
used as transshipment points for illicit drugs from Southwest Asia to
Western Europe and North America
Russia and Uzbekistan reportedly provided substantial general assistance
throughout 1993 and 1994; Western aid and credits promised through the end
of 1993 were $700 million but disbursements were only $104 million; large
scale development loans await IMF approval of a reform and stabilization
plan
1 ruble (R) = 100 kopeks; Tajikistan uses the Russian ruble as its currency
by agreement with Russia; government has plans to introduce its own
currency, the Tajik ruble, in 1995
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