Tajikistan Economy - 2024

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.)

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% (2021 est.)

male: 19.4%

female: 14.4%

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

Remittances

33.41% of GDP (2021 est.)
26.88% of GDP (2020 est.)
27.97% of GDP (2019 est.)

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 -

Exchange rates:
11.309 (2021 est.)
10.322 (2020 est.)
9.53 (2019 est.)
9.151 (2018 est.)
8.55 (2017 est.)