Tajikistan Economic Outlook
January 8, 2019Incoming data points to weakening dynamics in the second half of 2018, after a solid start to the year. Exports waned in the third quarter, while import growth picked up pace, likely due to infrastructure development. In addition, remittances from Russia more than halved in Q3, compared to the same period last year. A weaker Russian ruble and lackluster growth in the regional giant, likely weighed on inflows. Meanwhile, addressing parliament on 26 December, President Emomali Rahmon stated that GDP grew a buoyant 7.3% in 2018. Official data, however, has yet to be released by the Central Bank.
Tajikistan Economic GrowthGrowth is seen moderating this year but remaining strong overall. A weak business climate, fragile banking sector and slower dynamics in Russia will weigh on activity. That said, healthy spending on infrastructure will continue to power growth. FocusEconomics panelists see the economy growing 5.5% in 2019, which is unchanged from last month’s forecast, and 5.4% in 2020.
Tajikistan Economy Data
5 years of Tajikistan economic forecasts for more than 30 economic indicators.
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