Mountains in Tajikistan

Tayikistán Economy

Tajikistan's economy in numbers:

Nominal GDP of USD 10.5 billion in 2022.

GDP per capita of USD 1,068 compared to the global average of USD 10,589.

Average real GDP growth of 7.2% over the last decade.

Share of the region's population
Share of the region's GDP

Economic structure:

In 2020, services accounted for 42% of overall GDP, manufacturing 16%, other industrial activity 18%, and agriculture 24%. Looking at GDP by expenditure, private consumption accounted for 78% of GDP in 2020, government consumption 12%, fixed investment 33%, and net exports -23%.

GDP by economic sector
GDP by type of expenditure

International trade:

In 2020, manufactured products made up 21% of total merchandise exports, mineral fuels 8%, food 4%, ores and metals 48% and agricultural raw materials 20%, with other categories accounting for -1% of the total. In the same period, manufactured products made up 51% of total merchandise imports, mineral fuels 17%, food 26%, ores and metals 4% and agricultural raw materials 3%, with other goods accounting for -1% of the total. Total exports were worth USD 2 billion in 2022, while total imports were USD 5 billion.

Key exports
Key imports
Key export partners
Key import partners

Economic growth:

The economy recorded average annual growth of 7.2% in the decade to 2022. To read more about GDP growth in Tajikistan, go to our dedicated page.

Fiscal policy:

Tajikistan's fiscal deficit averaged 2.4% of GDP in the decade to 2022. Find out more on our dedicated page.


The unemployment rate averaged 7.7% in the decade to 2022. For more information on Tajikistan's unemployment click here.


Inflation averaged 6.5% in the decade to 2022. Go to our Tajikistan inflation page for extra insight.

Monetary Policy:

Tajikistan's monetary policy rate ended 2022 at 13.00%, up from 6.50% a decade earlier. See our Tajikistan monetary policy page for additional details.

Exchange Rate:

From end-2012 to end-2022 the somoni weakened by 52.9% vs the U.S. dollar. For more info on the somoni, click here.
According to Central Bank data, economic activity expanded 8.4% annually in January–November, accelerating from 8.3% in January–October. Meanwhile, the World Bank put annual GDP growth in 2023 at 7.5%, which marked a soft slowdown from the previous year’s outturn. Booming industrial production seems to have been at the forefront of the expansion in 2023, having grown 9.5% annually in January–November. A smaller, yet robust, increase in agricultural output last year further cemented the upturn. On the expenditure side, consumer spending should have been bolstered by strong remittance inflows from Russia and lower interest rates in 2023. In other news, at the end of 2023, Tajikistan and Kyrgyzstan agreed on the demarcation of 47 kilometers of their border, raising hopes for the resolution of a long-standing border dispute.
Projections out to 2033.

32 indicators covered including both annual and quarterly frequencies.

Consensus Forecasts based on a panel of 9 expert analysts.

Want to get insight on the economic outlook for Tajikistan in the coming years? FocusEconomics collects projections out to 2033 on 32 economic indicators for Tajikistan from a panel of 9 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts, and averaged to provide one Consensus Forecast you can rely on for each indicator. This means you avoid the risk of relying on out of date, biased or outlier forecasts. Our Consensus Forecasts can be visualized in whichever way best suits your needs, including via interactive online dashboards , direct data delivery and executive-style reports which combine analysts' projections with timely written analysis from our in-house team of economists on the latest developments in the Tajikistan economy. To download a sample report on the Tajikistan's economy, click here . To get in touch with our team for more information, fill in the form at the bottom of this page .

Tayikistán Datos económicos

2018 2019 2020 2021 2022
Población (millones) 9.1 9.3 9.5 9.7 9.8
PIB (en millones de dólares) 7.8 8.3 8.1 8.7 -
PIB per cápita (USD) 852 893 859 906 -
PIB (en millones de euros) 6.6 7.4 7.1 7.4 -
PIB per cápita (EUR) 722 798 751 765 -
PIB (millones de TJS) 71.1 79.1 84.0 98.9 -
Crecimiento económico (PIB nominal, var. anual) 10.3 11.3 6.1 17.8 -
Crecimiento económico (PIB, var. anual) 7.6 7.4 4.4 9.2 7.0
Saldo fiscal (% del PIB) -2.7 -2.1 -4.3 -0.7 -2.5
Deuda pública (% del PIB) 46.3 43.1 50.4 44.4 -
Inflación (IPC, % var. anual, aop) 3.8 7.8 8.6 8.9 6.6
Tasa de refinanciación (%, eop) 14.00 12.25 10.75 13.25 13.00
Tipo de cambio (TJS por USD, eop) 9.43 9.69 11.30 11.30 10.20
Tipo de cambio (TJS por USD, aop) 9.15 9.53 10.32 11.31 11.02
Tipo de cambio (TJS por EUR, eop) 10.80 10.84 13.85 12.77 10.88
Tipo de cambio (TJS por EUR, aop) 10.80 10.67 11.79 13.38 11.64
Balanza por cuenta corriente (en millones de dólares) -0.4 -0.2 0.3 0.7 -
Balanza por cuenta corriente (% del PIB) -4.9 -2.2 4.1 8.4 -
Balanza comercial de mercancías (en millones de USD) -1.9 -1.9 -1.4 -1.7 -
Exportaciones de mercancías (en millones de dólares) 0.9 1.0 1.3 2.0 -
Importaciones de mercancías (en millones de dólares) 2.8 2.9 2.7 3.7 -
Exportaciones de mercancías (% var. anual) 0.1 14.5 26.9 58.5 -
Importaciones de mercancías (% var. anual) 15.6 5.7 -7.0 37.2 -
Inversión extranjera directa (en millones de dólares) 0.4 0.4 0.1 0.1 -
Reservas internacionales (en millones de dólares) 1.3 1.5 2.2 2.5 3.0
Reservas internacionales (meses de importaciones) 5.6 6.0 9.9 8.0 -
Deuda externa (en millones de dólares) 6.1 6.6 7.0 7.0 -
Deuda externa (% del PIB) 78.5 80.0 85.5 80.6 -

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