Economic Growth in Tajikistan
According to estimates from the National Bank of Tajikistan, the economy grew by 8% in 2022. The upturn was driven by stronger output in the agricultural, transport, and communication sectors, while the pace of expansion in the construction, industrial and trade sectors softened. Turning to Q1 2023, momentum remained healthy: Annual GDP growth in January–February reached 8%. However, growth in the agricultural and industrial sectors slowed compared to Q4. Meanwhile, a sustained softening in price pressures since the end of 2022 prompted the Central Bank to cut its key policy rate in February and May by a total of 300 basis points. This loosening should have boosted investment and spending in early 2023. Meanwhile, several soldiers died in a border clash with Afghanistan in April amid alleged drug trafficking and tensions with the Taliban regime. This bodes poorly for regional stability.
Tajikistan Economic Growth Chart
This chart displays Economic Growth (Nominal GDP, ann. var. %) for Tajikistan from 2012 to 2021.
Tajikistan Economic Growth Data
2017 | 2018 | 2019 | 2020 | 2021 | |
---|---|---|---|---|---|
Economic Growth (Nominal GDP, ann. var. %) | 17.6 | 10.3 | 11.3 | 6.1 | 17.8 |