Tajikistan Economy - 2023

GEOGRAPHICAL NAMES 

Economic overview

lower middle-income Central Asian economy; key gold, cotton, and aluminum exporter; declining poverty; sustained high growth; very limited private sector; substantial illicit drug trade; significant remittances; environmentally fragile

Real GDP (purchasing power parity)

$38.058 billion (2021 est.)

$34.851 billion (2020 est.)

$33.382 billion (2019 est.)

note: data are in 2017 dollars

Real GDP growth rate

9.2% (2021 est.)

4.4% (2020 est.)

7.4% (2019 est.)

Real GDP per capita

$3,900 (2021 est.)

$3,700 (2020 est.)

$3,600 (2019 est.)

note: data are in 2017 dollars

GDP (official exchange rate)

$2.522 billion (2019 est.)

Inflation rate (consumer prices)

7.7% (2019 est.)

3.9% (2018 est.)

7.3% (2017 est.)

Credit ratings

Moody's rating: B3 (2017)

Standard & Poors rating: B- (2017)

note: The year refers to the year in which the current credit rating was first obtained.

GDP - composition, by sector of origin

agriculture: 28.6% (2017 est.)

industry: 25.5% (2017 est.)

services: 45.9% (2017 est.)

GDP - composition, by end use

household consumption: 98.4% (2017 est.)

government consumption: 13.3% (2017 est.)

investment in fixed capital: 11.7% (2017 est.)

investment in inventories: 2.5% (2017 est.)

exports of goods and services: 10.7% (2017 est.)

imports of goods and services: -36.6% (2017 est.)

Agricultural products

milk, potatoes, wheat, watermelons, onions, tomatoes, vegetables, cotton, carrots/turnips, beef

Industries

aluminum, cement, coal, gold, silver, antimony, textile, vegetable oil

Industrial production growth rate

22.04% (2021 est.)

Labor force

2.5 million (2021 est.)

Labor force - by occupation

agriculture: 43%

industry: 10.6%

services: 46.4% (2016 est.)

Unemployment rate

7.75% (2021 est.)

7.58% (2020 est.)

7.06% (2019 est.)

note: official rate; actual unemployment is much higher

Youth unemployment rate (ages 15-24)

total: 17.4%

male: 19.4%

female: 14.4% (2021 est.)

Population below poverty line

26.3% (2019 est.)

Gini Index coefficient - distribution of family income

34 (2015 est.)

Household income or consumption by percentage share

lowest 10%: (2009 est.) NA

highest 10%: (2009 est.) NA

Budget

revenues: $2.222 billion (2019 est.)

expenditures: $2.393 billion (2019 est.)

Budget surplus (+) or deficit (-)

-1.5% (of GDP) (2017 est.)

Public debt

50.4% of GDP (2017 est.)

42% of GDP (2016 est.)

Taxes and other revenues

31.8% (of GDP) (2017 est.)

Fiscal year

calendar year

Current account balance

$734.735 million (2021 est.)

$335.906 million (2020 est.)

-$185.295 million (2019 est.)

Exports

$2.161 billion (2021 est.) note: data are in current year dollars

$1.409 billion (2020 est.) note: data are in current year dollars

$1.243 billion (2019 est.) note: data are in current year dollars

Exports - partners

Turkey 24%, Switzerland 22%, Uzbekistan 16%, Kazakhstan 12%, China 10% (2019)

Exports - commodities

gold, aluminum, cotton, zinc, antimony, lead (2019)

Imports

$4.258 billion (2021 est.) note: data are in current year dollars

$3.125 billion (2020 est.) note: data are in current year dollars

$3.409 billion (2019 est.) note: data are in current year dollars

Imports - partners

China 40%, Russia 38%, Kazakhstan 19%, Uzbekistan 5% (2019)

Imports - commodities

refined petroleum, wheat, natural gas, bauxite, aircraft (2019)

Reserves of foreign exchange and gold

$2.499 billion (31 December 2021 est.)

$2.238 billion (31 December 2020 est.)

$1.466 billion (31 December 2019 est.)

Debt - external

$6.47 billion (2019 est.)

$5.849 billion (2018 est.)

Exchange rates

Tajikistani somoni (TJS) per US dollar -

11.309 (2021 est.)

10.322 (2020 est.)

9.53 (2019 est.)

9.151 (2018 est.)

8.55 (2017 est.)

NOTE: The information regarding Tajikistan on this page is re-published from the 2023 World Fact Book of the United States Central Intelligence Agency and other sources. No claims are made regarding the accuracy of Tajikistan 2023 information contained here. All suggestions for corrections of any errors about Tajikistan 2023 should be addressed to the CIA or the source cited on each page.