Economy Overview

After gaining independence the Republic of Tajikistan has been implementing a consistent economic policy directed towards establishing a market economy. Through these policy measures Tajikistan has succeeded in reaching macroeconomic stability and relatively high pace of economic growth.

Key macroeconomic indicators
Table 1
Main Indicators 2002 2003 2004 2005 2006 2007 2008
GDP in current prices (mln. USD) 1115 1629 2010 2258 2810 3719 5134
GDP growth (percent) 109,1 110,2 111,3 106,7 107 107,8 107,9
GDP per capita (USD) 190 236,7 309,7 337,5 404,8 515,5 697
External trade turnover (mln. USD) 1455,9 1679,2 2290,1 2238,5 3124,4 4015,3 4676,2
Inflation rate (percent) 14,5 13,7 5,7 7,1 12,5 19,7 11,8
Unemployment rate (percent) 2,6 2,4 2,5 2,2 2,2 2,3 2,4
Source: Ministry of Economic Development and Trade of the Republic of Tajikistan

Economic trends
  • Tajikistan achieved significant progress in economic reforms, restructuring its national economy and strengthening international links. External trade and currency operations are liberalized. Small and medium business enterprises are fully privatized; restructuring and corporatization of big state enterprises are underway.
  • The government is attracting essential investments in road construction, development of the energy sector and mining industry. Significant attention is being paid to civil construction, services and trade. According to forecasts, due to the development of private sector and the growing household incomes, the country is expecting high economic growth.
  • It is also expected that the attracted investments will lead to growing outputs in the real sectors of economy. This will enable diversification of Tajikistan’s export potential, which at present heavily depends on aluminum and cotton industries.
Economic growth
  • Since 1997, Tajikistan’s economy has been experiencing constant growth. In 2008 the GDP growth in real prices reached 7,9 percent.
  • The domestic demand remains at a relatively high level, owing to growing salaries and high inflow of remittances from labor migrants working abroad.
  • Despite the impact of the global economic crisis, in 2009 the country managed to sustain positive dynamics of economic growth (3,4 percent of GDP).

External trade
  • Tajikistan’s external trade turnover in 2008 amounted to 4,676.2 USD dollars, which is by 16,5 percent higher compared to the level of 2007.
  • .
  • Aluminum accounts for more than a half of export income; the shares of hydropower, cotton, fruits, vegetable oil and textile are also high.
  • These products are exported mostly to the following countries: the Netherlands – 37 percent; Turkey – 27 percent; Russia – 9 percent; Iran – 7 percent; China – 6 percent; and Uzbekistan – 5 percent.
  • Tajikistan imports the following products: electricity, oil products, aluminum dioxide, cars and machinery and food commodities. The main import partners are: Russia – 32 percent, China – 12 percent, Kazakhstan – 9 percent, Uzbekistan – 5 percent, Iran and Turkey – 4 percent each.