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Tajikistan Economy 2011
https://theodora.com/wfb2011/tajikistan/tajikistan_economy.html
SOURCE: 2011 CIA WORLD FACTBOOK AND OTHER SOURCES


















Tajikistan Economy 2011
SOURCE: 2011 CIA WORLD FACTBOOK AND OTHER SOURCES

Page last updated on January 13, 2011

Economy - overview:
Tajikistan has one of the lowest per capita GDPs among the 15 former Soviet republics. Because of a lack of employment opportunities in Tajikistan, nearly half of the labor force works abroad, primarily in Russia and Kazakhstan, supporting families in Tajikistan through remittances. The exact number of labor migrants is unknown, but estimated at around 1 million. Less than 7% of the land area is arable. Cotton is the most important crop, but this sector is burdened with debt and obsolete infrastructure; moreover, government has encouraged a gradual transition away from cotton and towards food cultivation due to its concerns about feeding the population. Mineral resources include silver, gold, uranium, and tungsten. Industry consists only of a large aluminum plant, hydropower facilities, and small obsolete factories mostly in light industry and food processing. The civil war (1992-97) severely damaged the already weak economic infrastructure and caused a sharp decline in industrial and agricultural production. Tajikistan's economic situation remains fragile due to uneven implementation of structural reforms, corruption, weak governance, seasonal power shortages, and the external debt burden. A debt restructuring agreement was reached with Russia in December 2002, including a $250 million write-off of Tajikistan's $300 million debt. Completion of the Sangtuda I hydropower dam - finished in 2009 with Russian investment - and the Sangtuda II and Rogun dams will add substantially to electricity output. If finished according to Tajik plans, Rogun will be the world's tallest dam. The World Bank, in 2010, agreed to fund safety and feasibility studies for the Rogun Dam. Favorable reports from these studies could increase investor interest in the project, which has been stalled due to lack of funding. Tajikistan has also received substantial infrastructure development loans from the Chinese government to improve roads and an electricity transmission network. To help increase north-south trade, the US funded a $36 million bridge which opened in August 2007 and links Tajikistan and Afghanistan. While Tajikistan has experienced steady economic growth since 1997, more than half of the population continues to live in poverty. Economic growth reached 10.6% in 2004, but dropped below 8% in 2005-08, as the effects of higher oil prices and then the international financial crisis began to register - mainly in the form of lower prices for key export commodities and lower remittances from Tajiks working abroad, due to the global economic downturn. In 2009 GDP growth dropped to 3.4% as a result of the world recession.

GDP (purchasing power parity):
$14.61 billion (2010 est.)
country comparison to the world: 138

$13.85 billion (2009 est.)
$13.4 billion (2008 est.)
note: data are in 2010 US dollars
[see also: GDP (purchasing power parity) country ranks ]

GDP (official exchange rate):
$5.578 billion (2009 est.)
[see also: GDP (official exchange rate) country ranks ]

GDP - real growth rate:
5.5% (2010 est.)
country comparison to the world: 45

3.4% (2009 est.)
7.9% (2008 est.)
[see also: GDP - real growth rate country ranks ]

GDP - per capita (PPP):
$2,000 (2010 est.)
country comparison to the world: 190

$1,900 (2009 est.)
$1,900 (2008 est.)
note: data are in 2010 US dollars
[see also: GDP - per capita country ranks ]

GDP - composition by sector:
agriculture: 19.2%
[see also: GDP - composition by sector - agriculture country ranks ]
industry: 22.6%
[see also: GDP - composition by sector - industry country ranks ]
services: 58.1% (2009 est.)
[see also: GDP - composition by sector - services country ranks ]

Labor force:
2.1 million (2009)
country comparison to the world: 119
[see also: Labor force country ranks ]

Labor force - by occupation:
agriculture: 49.8%
[see also: Labor force - by occupation - agriculture country ranks ]
industry: 12.8%
[see also: Labor force - by occupation - industry country ranks ]
services: 37.4% (2009 est.)
[see also: Labor force - by occupation - services country ranks ]

Unemployment rate:
2.2% (2009 est.)
country comparison to the world: 17

2.3% (2008 est.)
note: official rates; actual unemployment is higher
[see also: Unemployment rate country ranks ]

Population below poverty line:
60% (2009 est.)
[see also: Population below poverty line country ranks ]

Household income or consumption by percentage share:
lowest 10%: 3.3%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%: 25.6% (2007 est.)
[see also: Household income or consumption by percentage share - highest 10% country ranks ]

Distribution of family income - Gini index:
32.6 (2006)
country comparison to the world: 99

34.7 (1998)
[see also: Distribution of family income - Gini index country ranks ]

Investment (gross fixed):
20.9% of GDP (2009 est.)
country comparison to the world: 78
[see also: Investment (gross fixed) country ranks ]

Budget:
revenues: $1.519 billion
[see also: Budget - revenues country ranks ]
expenditures: $1.585 billion (2009 est.)
[see also: Budget - expenditures country ranks ]

Inflation rate (consumer prices):
5.8% (2010 est.)
country comparison to the world: 158

6.4% (2009 est.)
[see also: Inflation rate (consumer prices) country ranks ]

Central bank discount rate:
8% (31 December 2009)
country comparison to the world: 25

13.5% (31 December 2008)
[see also: Central bank discount rate country ranks ]

Commercial bank prime lending rate:
22.91% (31 December 2009 est.)
country comparison to the world: 10

23.7% (31 December 2008 est.)
[see also: Commercial bank prime lending rate country ranks ]

Stock of narrow money:
$863 million (31 December 2010 est)

$712.3 million (31 December 2009 est)
[see also: Stock of narrow money country ranks ]

Stock of broad money:
$1.095 billion (31 December 2010 est.)

$851.4 million (31 December 2009 est.)
[see also: Stock of broad money country ranks ]

Stock of domestic credit:
$1.209 billion (31 December 2010 est.)
country comparison to the world: 145

$939.7 million (31 December 2009 est.)
[see also: Stock of domestic credit country ranks ]

Market value of publicly traded shares:
$NA
[see also: Market value of publicly traded shares country ranks ]

Agriculture - products:
cotton, grain, fruits, grapes, vegetables; cattle, sheep, goats

Industries:
aluminum, zinc, lead; chemicals and fertilizers, cement, vegetable oil, metal-cutting machine tools, refrigerators and freezers

Industrial production growth rate:
7.5% (2009 est.)
country comparison to the world: 37
[see also: Industrial production growth rate country ranks ]

Electricity - production:
16.1 billion kWh (2009 est.)
country comparison to the world: 76
[see also: Electricity - production country ranks ]

Electricity - consumption:
16.7 billion kWh (2009)
country comparison to the world: 73
[see also: Electricity - consumption country ranks ]

Electricity - exports:
1 billion kWh (2008 est.)
[see also: Electricity - exports country ranks ]

Electricity - imports:
667.8 million kWh (2009 est.)
[see also: Electricity - imports country ranks ]

Oil - production:
221 bbl/day (2009 est.)
country comparison to the world: 108
[see also: Oil - production country ranks ]

Oil - consumption:
38,000 bbl/day (2009 est.)
country comparison to the world: 108
[see also: Oil - consumption country ranks ]

Oil - exports:
349 bbl/day
country comparison to the world: 128
[see also: Oil - exports country ranks ]

Oil - imports:
10,100 bbl/day (2008)
country comparison to the world: 140
[see also: Oil - imports country ranks ]

Oil - proved reserves:
12 million bbl (1 January 2010 est.)
country comparison to the world: 89
[see also: Oil - proved reserves country ranks ]

Natural gas - production:
16.1 million cu m (2009 est.)
country comparison to the world: 89
[see also: Natural gas - production country ranks ]

Natural gas - consumption:
266.1 million cu m (2009 est.)
country comparison to the world: 98
[see also: Natural gas - consumption country ranks ]

Natural gas - exports:
0 cu m (2009 est.)
country comparison to the world: 113
[see also: Natural gas - exports country ranks ]

Natural gas - imports:
250 million cu m (2009 est.)
country comparison to the world: 64
[see also: Natural gas - imports country ranks ]

Natural gas - proved reserves:
5.663 billion cu m (1 January 2010 est.)
country comparison to the world: 89
[see also: Natural gas - proved reserves country ranks ]

Current account balance:
-$330 million (2010 est.)
country comparison to the world: 101

-$179.9 million (2009 est.)
[see also: Current account balance country ranks ]

Exports:
$1.318 billion (2010 est.)
country comparison to the world: 146

$1.039 billion (2009 est.)
[see also: Exports country ranks ]

Exports - commodities:
aluminum, electricity, cotton, fruits, vegetable oil, textiles

Exports - partners:
Russia 19.16%, China 18.38%, Turkey 12.09%, Iran 11.11%, Uzbekistan 7.92%, Norway 6.17%, Greece 4.32% (2009)

Imports:
$3.301 billion (2010 est.)
country comparison to the world: 137

$2.77 billion (2009 est.)
[see also: Imports country ranks ]

Imports - commodities:
electricity, petroleum products, aluminum oxide, machinery and equipment, foodstuffs

Imports - partners:
Russia 23.92%, China 23.74%, Kazakhstan 8.92%, Turkey 4.96%, Uzbekistan 4.73% (2009)

Reserves of foreign exchange and gold:
$303 million (31 December 2010 est.)
country comparison to the world: 122

$227 million (31 December 2009 est.)
[see also: Reserves of foreign exchange and gold country ranks ]

Debt - external:
$1.997 billion (31 December 2010 est.)
country comparison to the world: 141

$1.771 billion (31 December 2009 est.)
[see also: Debt - external country ranks ]

Stock of direct foreign investment - at home:
$100.3 billion (31 December 2009 est.)
country comparison to the world: 33

$93.05 billion (31 December 2008 est.)
[see also: Stock of direct foreign investment - at home country ranks ]

Stock of direct foreign investment - abroad:
$18.5 billion (31 December 2010 est.)
country comparison to the world: 44

$16.3 billion (31 December 2009 est.)
[see also: Stock of direct foreign investment - abroad country ranks ]

Exchange rates:
Tajikistani somoni (TJS) per US dollar - 4.3788 (2010), 4.1428 (2009), 3.4563 (2008), 3.4418 (2007), 3.3 (2006)


NOTE: The information regarding Tajikistan on this page is re-published from the 2011 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Tajikistan Economy 2011 information contained here. All suggestions for corrections of any errors about Tajikistan Economy 2011 should be addressed to the CIA.






This page was last modified 09-Feb-11
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